Mexico Injection Molded Plastic Market Size & Outlook
Mexico injection molded plastic market, 2019-2030 (US$M)
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Mexico injection molded plastic market highlights
- The Mexico injection molded plastic market generated a revenue of USD 6,462.9 million in 2023 and is expected to reach USD 8,458.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating raw material in 2023.
- Polypropylene is the most lucrative raw material segment registering the fastest growth during the forecast period.
Injection molded plastic market data book summary
| Market revenue in 2023 | USD 6,462.9 million |
| Market revenue in 2030 | USD 8,458.2 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Acrylonitrile butadiene styrene, High-density polyethylene, Polystyrene, Other Raw Materials |
| Key market players worldwide | Exxon Mobil Corp, Basf SE, DuPont de Nemours Inc, Dow Inc, Huntsman Corp, Eastman Chemical Co, INEOS, LyondellBasell Industries NV Class A, SABIC, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, HTI Plastics, AptarGroup Inc, The Rodon Group |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.0% of the global injection molded plastic market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. injection molded plastic 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 8,458.2 million by 2030.
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Injection Molded Plastic Market Scope
Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico injection molded plastic 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 injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 35.52% in 2023. Horizon Databook has segmented the Mexico injection molded plastic market based on polypropylene, acrylonitrile butadiene styrene, high-density polyethylene, polystyrene, other raw materials covering the revenue growth of each sub-segment from 2019 to 2030.
The automotive manufacturing industry in Mexico is witnessing lucrative growth opportunities. Compared to currencies such as the Euro and Yen, the lower value of the US dollar 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 EU's 10% tariff on the imported motor vehicle. Thus, a rise in automotive manufacturing activities is likely to propel the demand for injection molded plastics.
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Our clientele includes a mix of injection molded plastic 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 injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into Mexico injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico injection molded plastic market outlook size, by raw material, 2019-2030 (US$M)
Mexico Injection Molded Plastic Market Outlook Share, 2023 & 2030 (US$M)
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