Mexico Aerospace Plastics Market Size & Outlook, 2024-2030
Mexico aerospace plastics market, 2019-2030 (US$M)
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Mexico aerospace plastics market highlights
- The Mexico aerospace plastics market generated a revenue of USD 487.1 million in 2024 and is expected to reach USD 854.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.1% from 2025 to 2030.
- In terms of segment, polyetheretherketone (peek) was the largest revenue generating product in 2024.
- Polyetheretherketone (PEEK) is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace plastics market data book summary
| Market revenue in 2024 | USD 487.1 million |
| Market revenue in 2030 | USD 854.9 million |
| Growth rate | 10.1% (CAGR from 2025 to 2030) |
| Largest segment | Polyetheretherketone (peek) |
| Fastest growing segment | Polyetheretherketone (PEEK) |
| Historical data | 2019 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyetheretherketone (PEEK), Polyphenylsulfone (PPSU), Polycarbonate (PC), Polyetherimide (PEI), Polymethyl Methacrylate (PMMA), Polyamide (PA), PolyPhenyleneSulfide (PPS), Polyamide-imide (PAI), Polyphenylene ether (PPE), Polyurethane (PU), Other Product |
| Key market players worldwide | Victrex PLC, SABIC, Solvay SA, Basf SE, Evonik Industries AG, Toray Industries Inc, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc, Celanese Corp Class A, Sumitomo Chemical Co Ltd, Covestro AG, Mitsubishi Chemical Group Corp, PPG Industries Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 6.0% of the global aerospace plastics market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aerospace plastics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 854.9 million by 2030.
Polyetheretherketone (peek) was the largest segment with a revenue share of 66.54% in 2024. Horizon Databook has segmented the Mexico aerospace plastics market based on polyetheretherketone (peek), polyphenylsulfone (ppsu), polycarbonate (pc), polyetherimide (pei), polymethyl methacrylate (pmma), polyamide (pa), polyphenylenesulfide (pps), polyamide-imide (pai), polyphenylene ether (ppe), polyurethane (pu), other product covering the revenue growth of each sub-segment from 2019 to 2030.
Aerospace is one of the largest industries in Mexico. The country has emerged as a preferred choice for aviation and aerospace companies seeking a low-cost manufacturing footprint in North America. The North American Free Trade Agreement (NAFTA) is also attracting aircraft manufacturer operations owing to the procurement of raw materials at a low cost.
In September 2022, Bombardier announced an increase in the manufacturing operations of aerospace parts at its facility in Querétaro, Mexico. This move is expected to position Mexico as an important strategic resource in Bombardier’s global projects. This further displays the technological capabilities and highly qualified workforce that exists in its facilities.
In addition, the aircraft manufacturer stated that the region has competitive advantages which include infrastructure and industrial experience and operational efficiency. These factors are expected to positively affect the aerospace plastics market in the region.
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Aerospace Plastics Market Scope
Aerospace Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico aerospace plastics market size, by product, 2019-2030 (US$M)
Mexico Aerospace Plastics Market Outlook Share, 2024 & 2030 (US$M)
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