Mexico Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
Mexico ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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Mexico ethylene propylene diene monomer (epdm) market highlights
- The Mexico ethylene propylene diene monomer (epdm) market generated a revenue of USD 154.2 million in 2023 and is expected to reach USD 223.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, seals & o-rings was the largest revenue generating product in 2023.
- Seals & O-Rings is the most lucrative product segment registering the fastest growth during the forecast period.
Ethylene propylene diene monomer (epdm) market data book summary
| Market revenue in 2023 | USD 154.2 million |
| Market revenue in 2030 | USD 223.4 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Seals & o-rings |
| Fastest growing segment | Seals & O-Rings |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hoses, Seals & O-Rings, Gaskets, Rubber Compounds, Roofing Membranes, Connectors and insulators, Weather Stripping, Other products |
| Key market players worldwide | Dow Inc, Exxon Mobil Corp, ARLANXEO, Johns Manville, Kumho Petrochemical, Sumitomo Chemical Co Ltd, Lion Corp, Mitsui Chemicals Inc, PetroChina Co Ltd Class H, Valsoia |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.3% of the global ethylene propylene diene monomer (epdm) 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. ethylene propylene diene monomer (epdm) 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 1,385.3 million by 2030.
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Ethylene Propylene Diene Monomer (EPDM) Market Scope
Ethylene Propylene Diene Monomer (EPDM) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico ethylene propylene diene monomer (epdm) 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 ethylene propylene diene monomer (epdm) market will help companies and investors design strategic landscapes.
Seals & o-rings was the largest segment with a revenue share of 18.87% in 2023. Horizon Databook has segmented the Mexico ethylene propylene diene monomer (epdm) market based on hoses, seals & o-rings, gaskets, rubber compounds, roofing membranes, connectors and insulators, weather stripping, other products covering the revenue growth of each sub-segment from 2019 to 2030.
Automotive manufacturing industry in Mexico is witnessing lucrative growth opportunities. The lower value of the U.S. dollar compared to currencies such as Euro and Yen has attracted the attention of global auto manufacturers, particularly from the North American Free Trade Agreement (NAFTA) region.
Low tariffs along with low production costs, on account of the broad reach of Mexico's free trade agreements, have contributed substantially to attracting significant investments. Exports to nearly 44 countries from Mexico are exempted from tariffs, including the 10% tariff imposed by the EU on imported motor vehicles.
The country has established firms such as Aeromarmi, which are engaged in manufacturing light propeller airplanes. Hydra Technologies is involved in building unmanned aerial vehicles, also known as drones, such as S4 Ehecatl.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This country databook contains high-level insights into Mexico ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico ethylene propylene diene monomer (epdm) market size, by product, 2019-2030 (US$M)
Mexico Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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