Mexico Insulation Market Size & Outlook, 2023-2030
Mexico insulation market, 2018-2030 (US$M)
Related Markets
Mexico insulation market highlights
- The Mexico insulation market generated a revenue of USD 610.0 million in 2023 and is expected to reach USD 849.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2023.
- Non-Residential is the most lucrative application segment registering the fastest growth during the forecast period.
Insulation market data book summary
| Market revenue in 2023 | USD 610.0 million |
| Market revenue in 2030 | USD 849.4 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Non-Residential |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-Residential |
| Key market players worldwide | Rockwool AS Class B, Par Pacific Holdings Inc, Knauf |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.9% of the global insulation market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. insulation 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 18,923.9 million by 2030.
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Insulation Market Scope
Insulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico insulation 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 insulation market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 18.93% in 2023. Horizon Databook has segmented the Mexico insulation market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The Mexican Official Standards are mandatory and are applied throughout the country. In 2014, the Mexican government under the Secretary of Energy, in association with other organizations in the country, had proposed the national energy code for commercial buildings.
The code was prepared in line with the International Code Council methodology and was aimed at integrating the existing standards in the country. Such regulations are favoring the market growth in the country. The developing economy such as Mexico has witnessed tremendous urbanization over the few years.
The growing urbanization is likely to be the key driver for the growth in the urban housing development. The government has allotted special funds as a part of the National Infrastructure Program 2014-2018 to promote the development of the urban areas of the country.
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Target buyers of Mexico insulation market databook
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Our clientele includes a mix of insulation 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 insulation market , including forecasts for subscribers. This country databook contains high-level insights into Mexico insulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico insulation market size, by application, 2018-2030 (US$M)
Mexico Insulation Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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