Mexico Flat Glass Market Size & Outlook, 2022-2030
Mexico flat glass market, 2018-2030 (US$M)
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Mexico flat glass market highlights
- The Mexico flat glass market generated a revenue of USD 4,094.5 million in 2022 and is expected to reach USD 5,396.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.5% from 2023 to 2030.
- In terms of segment, insulated was the largest revenue generating product in 2022.
- Insulated is the most lucrative product segment registering the fastest growth during the forecast period.
Flat glass market data book summary
| Market revenue in 2022 | USD 4,094.5 million |
| Market revenue in 2030 | USD 5,396.4 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | Insulated |
| Fastest growing segment | Insulated |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Basic, Tempered, Laminated, Insulated |
| Key market players worldwide | AGC Inc, Flat Glass Group Co Ltd Shs -H- Reg S, Compagnie de Saint-Gobain SA, Vitrolife AB ADR, Cevital, Guardian Industries |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.4% of the global flat glass market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. flat glass 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 49,876.2 million by 2030.
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Flat Glass Market Scope
Flat Glass Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico flat glass 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 flat glass market will help companies and investors design strategic landscapes.
Insulated was the largest segment with a revenue share of 48.77% in 2022. Horizon Databook has segmented the Mexico flat glass market based on basic, tempered, laminated, insulated covering the revenue growth of each sub-segment from 2018 to 2030.
Low labor costs and favorable government policies are attracting global manufacturers from various industries such as automotive, electronics, and others. Several manufacturers from the U.S. and Canada are trying to leverage the aforementioned favorable conditions in the country.
According to the data by OICA, automobile manufacturing in the country is slowing down since 2017, with a slight decline of 1% in production till 2019. The disruption in the global supply chain due to the COVID-19 pandemic has severely impacted the production output of automotive industry, with a decline of 21% in 2020.
Increasing investments by electronic companies producing smartphones, tablets, televisions, refrigerators, and microwave ovens in the country is expected to have a positive impact on the flat glass demand.
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Target buyers of Mexico flat glass market databook
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Our clientele includes a mix of flat glass 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico flat glass market , including forecasts for subscribers. This country databook contains high-level insights into Mexico flat glass market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico flat glass market size, by product, 2018-2030 (US$M)
Mexico Flat Glass Market Outlook Share, 2022 & 2030 (US$M)
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