Mexico Thermoplastic Polyester Elastomer Market Size & Outlook
Mexico thermoplastic polyester elastomer market, 2019-2030 (US$M)
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Mexico thermoplastic polyester elastomer market highlights
- The Mexico thermoplastic polyester elastomer market generated a revenue of USD 36.2 million in 2021 and is expected to reach USD 53.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.5% from 2022 to 2030.
- In terms of segment, injection molding was the largest revenue generating type in 2021.
- Injection Molding is the most lucrative type segment registering the fastest growth during the forecast period.
Thermoplastic polyester elastomer market data book summary
| Market revenue in 2021 | USD 36.2 million |
| Market revenue in 2030 | USD 53.6 million |
| Growth rate | 4.5% (CAGR from 2021 to 2030) |
| Largest segment | Injection molding |
| Fastest growing segment | Injection Molding |
| Historical data | 2019 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Injection Molding, Extrusion Molding, Blow Molding |
| Key market players worldwide | SABIC, DuPont de Nemours Inc, Basf SE, Covestro AG, Celanese Corp Class A, LG Chem, Mitsubishi Electric Corp, Arkema SA, Toyobo Co Ltd, Radici Group, Sunshine Global, Teijin Ltd, Chang Chun Group, Entec Polymers |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.5% of the global thermoplastic polyester elastomer market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. thermoplastic polyester elastomer 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 484.3 million by 2030.
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Thermoplastic Polyester Elastomer Market Scope
Thermoplastic Polyester Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico thermoplastic polyester elastomer 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 thermoplastic polyester elastomer market will help companies and investors design strategic landscapes.
Injection molding was the largest segment with a revenue share of 68.51% in 2021. Horizon Databook has segmented the Mexico thermoplastic polyester elastomer market based on injection molding, extrusion molding, blow molding covering the revenue growth of each sub-segment from 2019 to 2030.
In 2016, Mexico was the largest consumer of cola drinks globally, which is the reason why the country consumes a large quantity of PET bottles. The country is also a consumer of several oils, personal care, hair care, and alcoholic beverage products, which create a robust market for PET.
The implementation of the soda tax in 2015 reduced the consumption of soda (plain and cola drinks) in the country, thereby affecting the PET markets. Mexico is expected to benefit from rising construction spending and growing inclination of consumers to utilize sustainable and lightweight building materials in place of conventional materials.
The expanding automotive sector and 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 plastics sector and drive compounding activities in the region.
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Our clientele includes a mix of thermoplastic polyester elastomer 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 thermoplastic polyester elastomer market, including forecasts for subscribers. This country databook contains high-level insights into Mexico thermoplastic polyester elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico Thermoplastic Polyester Elastomer Market Share, 2021 & 2030 (US$M)
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