Mexico Plastic Compounding Market Size & Outlook
Mexico plastic compounding market, 2019-2030 (US$M)
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Mexico plastic compounding market highlights
- The Mexico plastic compounding market generated a revenue of USD 806.1 million in 2023 and is expected to reach USD 1,297.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polyvinyl Chloride (PVC) is the most lucrative product segment registering the fastest growth during the forecast period.
Plastic compounding market data book summary
| Market revenue in 2023 | USD 806.1 million |
| Market revenue in 2030 | USD 1,297.7 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Thermoplastic Vulcanizates (TPV), Thermoplastic Polyolefins (TPO), Polyvinyl Chloride (PVC), Polystyrene (PS), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Polyamide (PA), Polycarbonate (PC), Acrylonitrile Butadiene Systems (ABS), Other Product |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DL Holdings Group Ltd, LyondellBasell Industries NV Class A, DuPont de Nemours Inc, Asahi Kasei Corp, Covestro AG, Washington Penn, Ascend Performance Materials, Kuraray Co Ltd, Arkema SA, Teijin Ltd, Lanxess AG, Solvay SA, Ravago |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.2% of the global plastic compounding market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. plastic compounding 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 16,696.5 million by 2030.
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Plastic Compounding Market Scope
Plastic Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico plastic compounding 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 plastic compounding market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 27.94% in 2023. Horizon Databook has segmented the Mexico plastic compounding market based on polyethylene (pe), polypropylene (pp), thermoplastic vulcanizates (tpv), thermoplastic polyolefins (tpo), polyvinyl chloride (pvc), polystyrene (ps), polyethylene terephthalate (pet), polybutylene terephthalate (pbt), polyamide (pa), polycarbonate (pc), acrylonitrile butadiene systems (abs), other product covering the revenue growth of each sub-segment from 2019 to 2030.
Mexico plastic compounding market is expected to benefit from the rising construction spending and growing inclination of consumers toward the utilization of lightweight and sustainable building materials in place of conventional materials.
The expanding automotive sector, on account of electric vehicles and shift in consumer purchase behavior from considering cars as luxuries to now considering them as necessities, is also anticipated to fuel the growth of the plastic compounding market in the country.
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 10% tariff imposed by the EU on the imported motor vehicle.
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Our clientele includes a mix of plastic compounding 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 plastic compounding market , including forecasts for subscribers. This country databook contains high-level insights into Mexico plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico plastic compounding market size, by product, 2019-2030 (US$M)
Mexico Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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