Mexico Low Profile Additives Market Size & Outlook
Mexico low profile additives market, 2018-2030 (US$M)
Related Markets
Mexico low profile additives market highlights
- The Mexico low profile additives market generated a revenue of USD 11.9 million in 2023 and is expected to reach USD 19.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, polyvinyl acetate (pvac) was the largest revenue generating product in 2023.
- Polyvinyl Acetate (PVAc) is the most lucrative product segment registering the fastest growth during the forecast period.
Low profile additives market data book summary
| Market revenue in 2023 | USD 11.9 million |
| Market revenue in 2030 | USD 19.8 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Polyvinyl acetate (pvac) |
| Fastest growing segment | Polyvinyl Acetate (PVAc) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyvinyl Acetate (PVAc), Polymethyl methacrylate (PMMA), Polystyrene, Polyurethane, High Density Polyethylene |
| Key market players worldwide | Wacker Chemie AG, INEOS, Perfect Moment Ltd, Basf SE, Altana AI, Polychem Corporation, LyondellBasell Industries NV Class A, Imax Corp, Synthomer PLC, Advantagewon Oil Corp, NOF Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.7% of the global low profile additives market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. low profile additives 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 157.2 million by 2030.
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Low Profile Additives Market Scope
Low Profile Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico low profile additives 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 low profile additives market will help companies and investors design strategic landscapes.
Polyvinyl acetate (pvac) was the largest segment with a revenue share of 37.82% in 2023. Horizon Databook has segmented the Mexico low profile additives market based on polyvinyl acetate (pvac), polymethyl methacrylate (pmma), polystyrene, polyurethane, high density polyethylene covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is expected to benefit from the rising construction spending and the growing inclination of consumers toward utilization of sustainable building materials such as sheet molding and blow molding compounds. The development of construction industry is also expected to propel the demand for electrical fittings such as electrical enclosures.
wall switches, and others. Moreover, continuous development in key growth areas such as electronics & appliances is expected to boost low profile additive demand over the forecast period. These additives offer high gloss and smooth surfaces for products used as electrical components.
Significant opportunities in specialized molded products, especially lightweight materials used in electronics & appliances, and the expanding automotive sector on account of the rising adoption of electric vehicles are also anticipated to have a positive impact on the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico low profile additives market , including forecasts for subscribers. This country databook contains high-level insights into Mexico low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico low profile additives market size, by product, 2018-2030 (US$M)
Mexico Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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