Mexico Glass Manufacturing Market Size & Outlook
Mexico glass manufacturing market, 2018-2030 (US$M)
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Mexico glass manufacturing market highlights
- The Mexico glass manufacturing market generated a revenue of USD 3,177.0 million in 2021 and is expected to reach USD 5,745.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.8% from 2022 to 2030.
- In terms of segment, container glass was the largest revenue generating material in 2021.
- Fiber Glass is the most lucrative material segment registering the fastest growth during the forecast period.
Glass manufacturing market data book summary
| Market revenue in 2021 | USD 3,177.0 million |
| Market revenue in 2030 | USD 5,745.0 million |
| Growth rate | 6.8% (CAGR from 2021 to 2030) |
| Largest segment | Container glass |
| Fastest growing segment | Fiber Glass |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Container Glass, Flat Glass, Fiber Glass |
| Key market players worldwide | AGC Inc, Fuyao Glass Industry Group Co Ltd ADR, Compagnie de Saint-Gobain SA, O-I Glass Inc, Vitro SAB de CV Class A, Luck Oka film Pharmaceutical, Nihon Yamamura Glass, Guardian Glass Services, AGI glaspac, 3B Fiberglass |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.0% of the global glass manufacturing market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. glass manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 5,745.0 million by 2030.
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Glass Manufacturing Market Scope
Glass Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico glass manufacturing 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 glass manufacturing market will help companies and investors design strategic landscapes.
Container glass was the largest segment with a revenue share of 46.61% in 2021. Horizon Databook has segmented the Mexico glass manufacturing market based on container glass, flat glass, fiber glass covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing investments in household appliances, automobile production facilities, and infrastructure development projects are projected to bolster the glass manufacturing market growth in Mexico over the forecast period.
In March 2022, the government of Mexico along with private players decided to allocate USD 3.53 billion for a third infrastructure development package aimed at boosting its economy. The package includes funds for the development of airports and ports. Thus, allocation of funds for infrastructure development is expected to positively influence the demand for glass in Mexico over the forecast period.
Furthermore, in August 2022, Stellantis NV, a leading automaker, announced that it would manufacture electric and hybrid vehicles at its facility in Saltillo, Coahuila, Mexico. Thus, the rising automotive and home appliance production along with the growing investment in infrastructure development projects is anticipated to boost the glass manufacturing market growth in Mexico over the forecast period.
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Our clientele includes a mix of glass manufacturing 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 glass manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into Mexico glass manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico glass manufacturing market size, by material, 2018-2030 (US$M)
Mexico Glass Manufacturing Market Outlook Share, 2021 & 2030 (US$M)
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