The Mexican paint and coatings market has been slowly expanding since the country’s economic crisis of 1994. Industry suppliers say they expect greater and faster growth over the next five years due to the country’s rapid industrialization and strong demand in export markets. Such growth is expected, providing that currency and political risks continue to be minimized.
“Mexico is open to new technologies,” says Lothar Kahl, Bayer resins and pigments division’s technical manager in Mexico. “The economy is constant and is constantly growing. Demand for higher quality coatings is increasing tremendously. We expect to grow with the market in high-solids and waterborne systems.” Kahl was one of over 2,000 professionals attending the Latin America Coatings Show held in August in Mexico City. The show was sponsored by ANAFAPYT, the Mexican paint and coatings association, and DMG Business Media.