Mexico Chemical Recycling Of Plastics Market Size & Outlook
Mexico chemical recycling of plastics market, 2018-2030 (US$M)
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Mexico chemical recycling of plastics market highlights
- The Mexico chemical recycling of plastics market generated a revenue of USD 400.1 million in 2023 and is expected to reach USD 541.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, depolymerization was the largest revenue generating type in 2023.
- Depolymerization is the most lucrative type segment registering the fastest growth during the forecast period.
Chemical recycling of plastics market data book summary
| Market revenue in 2023 | USD 400.1 million |
| Market revenue in 2030 | USD 541.8 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Depolymerization |
| Fastest growing segment | Depolymerization |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Depolymerization, Dissolution, Conversion |
| Key market players worldwide | Agilyx ASA Ordinary Shares, Basf SE, INEOS, Veolia Environnement SA, Eastman Chemical Co, SABIC, LyondellBasell Industries NV Class A, Maire Tecnimont, Recycling Technologies, JEPLAN |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.0% of the global chemical recycling of plastics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. chemical recycling of 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 2,056.3 million by 2030.
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Chemical Recycling Of Plastics Market Scope
Chemical Recycling Of Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico chemical recycling of 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 chemical recycling of plastics market will help companies and investors design strategic landscapes.
Depolymerization was the largest segment with a revenue share of 44.64% in 2023. Horizon Databook has segmented the Mexico chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Trade Administration (ITA), Mexico recovers 59% of PET bottles intended for recycling. Mexico is the biggest consumer of sugar-infused drinks and the per capita consumption of carbonated drinks is highest in Mexico, which, in turn, is driving the demand for PET bottles.
According to The Coca-Cola Company, juice, value-added dairy, and plant-based beverages grew by 2%, primarily driven by the sales of Santa Clara brand in Mexico, Minute Maid Pulp in China, and Fair life in the U.S.
The increased consumption of PET bottles results in the piling up of PET bottles. Although mechanical recycling technology is used in PET bottle recycling, low quality plastic resins production from mechanical recycling technology can contribute to the increased adoption of chemical recycling technology in Mexico.
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Our clientele includes a mix of chemical recycling of plastics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico chemical recycling of plastics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico chemical recycling of plastics market size, by type, 2018-2030 (US$M)
Mexico Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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