Mexico Expanded Polypropylene Foam Market Size & Outlook
Mexico expanded polypropylene foam market, 2018-2030 (US$M)
Related Markets
Mexico expanded polypropylene foam market highlights
- The Mexico expanded polypropylene foam market generated a revenue of USD 63.0 million in 2022 and is expected to reach USD 145.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11% from 2023 to 2030.
- In terms of segment, high density was the largest revenue generating product in 2022.
- High Density is the most lucrative product segment registering the fastest growth during the forecast period.
Expanded polypropylene foam market data book summary
| Market revenue in 2022 | USD 63.0 million |
| Market revenue in 2030 | USD 145.1 million |
| Growth rate | 11% (CAGR from 2022 to 2030) |
| Largest segment | High density |
| Fastest growing segment | High Density |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High Density, Low Density, Medium Density |
| Key market players worldwide | JSP Corp, Basf SE, Kaneka Corp, DS Smith PLC, Furukawa Electric Co Ltd, Hanwha, Sonoco Products Co, Knauf, Crown Holdings Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 6.4% of the global expanded polypropylene foam market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. expanded polypropylene foam 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 298.0 million by 2030.
High density was the largest segment with a revenue share of 41.9% in 2022. Horizon Databook has segmented the Mexico expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
Automotive manufacturing industry in Mexico is witnessing lucrative growth opportunities. The lower value of the US dollar as 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 the imported motor vehicle. Thus, a rise in automotive manufacturing activities is likely to propel the demand for EPP foam in the coming years.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico expanded polypropylene foam market size, by product, 2018-2030 (US$M)
Mexico Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
