Mexico Automotive Lightweight Material Market Size & Outlook
Mexico automotive lightweight material market, 2018-2030 (US$M)
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Mexico automotive lightweight material market highlights
- The Mexico automotive lightweight material market generated a revenue of USD 3,655.7 million in 2022 and is expected to reach USD 5,436.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.1% from 2023 to 2030.
- In terms of segment, composites was the largest revenue generating product in 2022.
- Plastics is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive lightweight material market data book summary
| Market revenue in 2022 | USD 3,655.7 million |
| Market revenue in 2030 | USD 5,436.5 million |
| Growth rate | 5.1% (CAGR from 2022 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Plastics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metals, Composites, Plastics, Elastomers |
| Key market players worldwide | Basf SE, Toray Industries Inc, LyondellBasell Industries NV Class A, Novelis, ArcelorMittal SA Depository Receipt, Alcon Inc, Owens-Corning Inc, Stratasys Ltd, Tata Steel Ltd GDR - 144A, POSCO Holdings Inc ADR |
Other key industry trends
- In terms of revenue, Mexico accounted for 4.3% of the global automotive lightweight material market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. automotive lightweight material market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,470.6 million by 2030.
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Automotive Lightweight Material Market Scope
Automotive Lightweight Material Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico automotive lightweight material market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive lightweight material market will help companies and investors design strategic landscapes.
Composites was the largest segment with a revenue share of 65.53% in 2024. Horizon Databook has segmented the Mexico automotive lightweight material market based on metals, composites, plastics, elastomers covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico has emerged as a manufacturing hub in the North American region, which is supported by favorable government policies, trade policies, education, and availability of skilled & cheap labor for over a decade. However, political instabilities, coupled with trade restrictions caused by the COVID-19 pandemic, slowed down the country’s economy in 2019 and 2020, respectively.
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Our clientele includes a mix of automotive lightweight material market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico automotive lightweight material market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automotive lightweight material market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico automotive lightweight material market size, by product, 2018-2030 (US$M)
Mexico Automotive Lightweight Material Market Outlook Share, 2024 & 2030 (US$M)
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