Mexico Automotive Plastics Market Size & Outlook
Mexico automotive plastics market, 2018-2030 (US$M)
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Mexico automotive plastics market highlights
- The Mexico automotive plastics market generated a revenue of USD 314.6 million in 2023 and is expected to reach USD 419.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polyvinyl Chloride (PVC) is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive plastics market data book summary
| Market revenue in 2023 | USD 314.6 million |
| Market revenue in 2030 | USD 419.8 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polyurethane (PU), Polyvinyl Chloride (PVC), Polyethylene (PE), Polycarbonate (PC), Polymethyl Methacrylate (PMMA), Polyamide (PA) |
| Key market players worldwide | Akzo Nobel NV, Basf SE, Covestro AG, Evonik Industries AG, Adient PLC, Magna International Inc, Momentive, SABIC, Dow Inc, Hanwha, Grupo Antolin, Lear Corporation, Owens-Corning Inc, Quadrant Group, Koninklijke DSM NV, Teijin Ltd |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global automotive plastics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. automotive plastics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,655.3 million by 2030.
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Automotive Plastics Market Scope
Automotive Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico automotive plastics 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 plastics market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 32.74% in 2023. Horizon Databook has segmented the Mexico automotive plastics market based on acrylonitrile butadiene styrene (abs), polypropylene (pp), polyurethane (pu), polyvinyl chloride (pvc), polyethylene (pe), polycarbonate (pc), polymethyl methacrylate (pmma), polyamide (pa) covering the revenue growth of each sub-segment from 2018 to 2030.
Automotive plastics market in Mexico is expected to witness substantial growth over the forecast period owing to the growing production of automobiles. The automotive plastics market in Mexico has undergone significant transformation from 2020 to 2023, evolving into a crucial player in the global automotive industry.
Mexico has become a hub for automotive manufacturing, and there has been a significant increase in the usage of plastics in this process. The country's strategic geographical location, competitive labor costs, and trade agreements, have further boosted its attractiveness to international automakers.
The automotive plastics market in Mexico benefits from the industry's increasing emphasis on lightweight materials, fuel efficiency, and sustainability. Major automakers and suppliers in Mexico utilize a variety of automotive plastics in components ranging from interiors and exteriors to under-the-hood applications.
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Target buyers of Mexico automotive plastics market databook
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Our clientele includes a mix of automotive plastics market companies, investment firms, advisory firms & academic institutions.
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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 plastics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automotive plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico automotive plastics market size, by product, 2018-2030 (US$M)
Mexico Automotive Plastics Market Outlook Share, 2023 & 2030 (US$M)
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