Mexico Plastics In Electrical And Electronics Market Size & Outlook
Mexico plastics in electrical and electronics market, 2018-2030 (US$M)
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Mexico plastics in electrical and electronics market highlights
- The Mexico plastics in electrical and electronics market generated a revenue of USD 678.4 million in 2023 and is expected to reach USD 928.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, polyvinyl chloride (pvc) was the largest revenue generating polymer in 2023.
- Polyvinyl Chloride (PVC) is the most lucrative polymer segment registering the fastest growth during the forecast period.
Plastics in electrical and electronics market data book summary
| Market revenue in 2023 | USD 678.4 million |
| Market revenue in 2030 | USD 928.8 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Polyvinyl chloride (pvc) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polyurethane (PU), Polyvinyl Chloride (PVC), Polyethylene (PE), Polycarbonate(PC), Polymethyl Methacrylate (PMMA), Polyamide (PA) |
| Key market players worldwide | Basf SE, Covestro AG, Toray Industries Inc, Lotte Chemical, Trinseo PLC, SABIC, Evonik Industries AG, Mitsubishi Chemical Group Corp, Arkema SA, LyondellBasell Industries NV Class A, Celanese Corp Class A, Exxon Mobil Corp, LG Chem, INEOS, CHIMEI |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.8% of the global plastics in electrical and electronics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. plastics in electrical and electronics 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 7,429.9 million by 2030.
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Plastics In Electrical And Electronics Market Scope
Plastics In Electrical And Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico plastics in electrical and electronics 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 plastics in electrical and electronics market will help companies and investors design strategic landscapes.
Polyvinyl chloride (pvc) was the largest segment with a revenue share of 28.94% in 2023. Horizon Databook has segmented the Mexico plastics in electrical and electronics market based on acrylonitrile butadiene styrene (abs), polypropylene (pp), polyurethane (pu), polyvinyl chloride (pvc), polyethylene (pe), polycarbonate(pc), polymethyl methacrylate (pmma), polyamide (pa) covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico's industrial sector is experiencing an unprecedented expansion, leading to the highest price in 2023. The country's position as the leading trading partner of the U.S., rising investments, and the resilience of the Mexican manufacturing and logistics sectors are driving this growth.
As a result, 90% of the new inventory delivered is already occupied. An increased demand for industrial warehouses is currently greater than the available supply. This has led to an increase in market prices nationwide.
The construction of new industrial spaces has increased the utilization of electrical components, such as connectors, LED displays, and electrical casings. This has resulted in higher plastics sales in the electrical and electronics industries.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico plastics in electrical and electronics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico plastics in electrical and electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico plastics in electrical and electronics market size, by polymer, 2018-2030 (US$M)
Mexico Plastics In Electrical And Electronics Market Outlook Share, 2023 & 2030 (US$M)
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