Mexico High Performance Fibers Market Size & Outlook
Mexico high performance fibers market, 2017-2030 (US$M)
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Mexico high performance fibers market highlights
- The Mexico high performance fibers market generated a revenue of USD 485.8 million in 2021 and is expected to reach USD 1,096.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.5% from 2022 to 2030.
- In terms of segment, others products was the largest revenue generating product in 2021.
- Polybenzimidazole (PBI) is the most lucrative product segment registering the fastest growth during the forecast period.
High performance fibers market data book summary
| Market revenue in 2021 | USD 485.8 million |
| Market revenue in 2030 | USD 1,096.0 million |
| Growth rate | 9.5% (CAGR from 2021 to 2030) |
| Largest segment | Others products |
| Fastest growing segment | Polybenzimidazole (PBI) |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Polybenzimidazole (PBI), Aramid Fiber, M5/PIPD, Polybenzoxazole (PBO), Glass Fiber, High Strength Polyethylene, Others Products |
| Key market players worldwide | Toray Industries Inc, DuPont de Nemours Inc, Teijin Ltd, Toyobo Co Ltd, DSM Firmenich AG, Kernel Holding SA, Kolon Industries, Huvis |
Other key industry trends
- In terms of revenue, Mexico accounted for 4.1% of the global high performance fibers market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. high performance fibers 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 5,168.6 million by 2030.
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High Performance Fibers Market Scope
High Performance Fibers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico high performance fibers 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 high performance fibers market will help companies and investors design strategic landscapes.
Others products was the largest segment with a revenue share of 41% in 2021. Horizon Databook has segmented the Mexico high performance fibers market based on carbon fiber, polybenzimidazole (pbi), aramid fiber, m5/pipd, polybenzoxazole (pbo), glass fiber, high strength polyethylene, others products covering the revenue growth of each sub-segment from 2017 to 2030.
Mexico is experiencing a boom in aerospace & defense sector. Aerospace investments are announced routinely in the country as aircraft manufacturers present in Mexico seek to take advantage of the easy availability of skilled labor as well as their proximity to the U.S. In April 2018.
The government of Canada announced an investment of USD 49.5 billion in aerospace industry to help Bell Helicopter Textron Canada Ltd. and 18 other industry partners develop innovative technologies for next-generation helicopters.
High performance fibers are known to reduce the overall weight of the aircraft, thus, enhancing its performance. Rising expenditure on aerospace & defense sector coupled with the benefits of high performance fibers is expected to benefit the market growth.
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Our clientele includes a mix of high performance fibers 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 high performance fibers market , including forecasts for subscribers. This country databook contains high-level insights into Mexico high performance fibers market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico high performance fibers market size, by product, 2017-2030 (US$M)
Mexico High Performance Fibers Market Outlook Share, 2021 & 2030 (US$M)
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