Mexico Plastic Resin Market Size & Outlook, 2023-2030
Mexico plastic resin market, 2018-2030 (US$M)
Related Markets
Mexico plastic resin market highlights
- The Mexico plastic resin market generated a revenue of USD 4,217.7 million in 2023 and is expected to reach USD 18,426.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 23.4% from 2024 to 2030.
- In terms of segment, polystyrene foam was the largest revenue generating type in 2023.
- Melamine Foam is the most lucrative type segment registering the fastest growth during the forecast period.
Plastic resin market data book summary
| Market revenue in 2023 | USD 4,217.7 million |
| Market revenue in 2030 | USD 18,426.7 million |
| Growth rate | 23.4% (CAGR from 2023 to 2030) |
| Largest segment | Polystyrene foam |
| Fastest growing segment | Melamine Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Other Types |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DuPont de Nemours Inc, Evonik Industries AG, Sumitomo Chemical Co Ltd, Celanese Corp Class A, Eastman Chemical Co, Chevron Corp, Lotte Chemical, Exxon Mobil Corp, Formosa Plastics Group, Toray Industries Inc, Mitsui Chemicals Inc, Teijin Ltd, LG Chem, Avient Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.1% of the global plastic resin 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 resin 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 18,426.7 million by 2030.
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Plastic Resin Market Scope
Plastic Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico plastic resin 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 resin market will help companies and investors design strategic landscapes.
Polystyrene foam was the largest segment with a revenue share of 30.54% in 2023. Horizon Databook has segmented the Mexico plastic resin market based on polyurethane foam, polystyrene foam, pvc foam, phenolic foam, polyolefin foam, melamine foam, other types covering the revenue growth of each sub-segment from 2018 to 2030.
In 2018, Mexico was the largest consumer of cola drinks globally, which is the reason the country consumes a large quantity of PET bottles. The country is also a major consumer of several oils, personal care, hair care, and alcoholic beverage products, which creates a robust market for PET bottles.
The implementation of the Soda Tax in 2015 reduced the consumption of soda (plain and cola drinks) in the country, thereby negatively affecting the PET market. Mexico is expected to benefit from the rising construction spending and growing inclination of consumers toward the utilization of sustainable and lightweight building materials in place of conventional materials.
The expanding automotive sector and a shift in consumer purchase behavior from considering cars as luxuries to now considering them necessities are also anticipated to have a positive impact on the plastic resins market in the region.
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Our clientele includes a mix of plastic resin 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 resin market , including forecasts for subscribers. This country databook contains high-level insights into Mexico plastic resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico plastic resin market size, by type, 2018-2030 (US$M)
Mexico Plastic Resin Market Outlook Share, 2023 & 2030 (US$M)
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