Mexico Polypropylene Compounds Market Size & Outlook
Mexico polypropylene compounds market, 2018-2030 (US$M)
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Mexico polypropylene compounds market highlights
- The Mexico polypropylene compounds market generated a revenue of USD 1,729.2 million in 2023 and is expected to reach USD 2,877.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, mineral filled pp compounds was the largest revenue generating product in 2023.
- Mineral Filled PP Compounds is the most lucrative product segment registering the fastest growth during the forecast period.
Polypropylene compounds market data book summary
| Market revenue in 2023 | USD 1,729.2 million |
| Market revenue in 2030 | USD 2,877.2 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Mineral filled pp compounds |
| Fastest growing segment | Mineral Filled PP Compounds |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral Filled PP Compounds, Compounded TPO, Compounded TPV, Glass Fiber Reinforced, Talc Filled |
| Key market players worldwide | Mitsui Chemicals Inc, IRPC PCL ADR, Exxon Mobil Corp, Avient Corp, Tokuyama Corp, SABIC, Trinseo PLC, Sumitomo Chemical Co Ltd, Washington Penn, LyondellBasell Industries NV Class A |
Other key industry trends
- In terms of revenue, Mexico accounted for 7.5% of the global polypropylene compounds market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polypropylene compounds 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 4,529.8 million by 2030.
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Polypropylene Compounds Market Scope
Polypropylene Compounds Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico polypropylene compounds 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 polypropylene compounds market will help companies and investors design strategic landscapes.
Mineral filled pp compounds was the largest segment with a revenue share of 30.55% in 2023. Horizon Databook has segmented the Mexico polypropylene compounds market based on mineral filled pp compounds, compounded tpo, compounded tpv, glass fiber reinforced, talc filled covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico has witnessed constant growth in its economy over the past few years. The rapid urbanization & industrialization, positive growth in automotive, construction, and services along with the considerable investments in infrastructure are key factors driving the growth.
Moreover, the reforms implemented by the government to liberalize the economy and provide tax benefits has attracted significant foreign investment. Another factor that has made the region a favorable destination for manufacturers is the advantageous position Mexico enjoys in the NAFTA region.
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Target buyers of Mexico polypropylene compounds market databook
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Our clientele includes a mix of polypropylene compounds 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 polypropylene compounds market , including forecasts for subscribers. This country databook contains high-level insights into Mexico polypropylene compounds market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico polypropylene compounds market size, by product, 2018-2030 (US$M)
Mexico Polypropylene Compounds Market Outlook Share, 2023 & 2030 (US$M)
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