Mexico Automotive Composite Market Size & Outlook
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Mexico automotive composite market highlights
- The Mexico automotive composite market generated a revenue of USD 884.3 million in 2019 and is expected to reach USD 1,078.5 million by 2027.
- The Mexico market is expected to grow at a CAGR of 2.5% from 2020 to 2027.
- In terms of segment, polymer matrix composites was the largest revenue generating product in 2019.
- Metal Matrix Composites is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive composite market data book summary
| Market revenue in 2019 | USD 884.3 million |
| Market revenue in 2027 | USD 1,078.5 million |
| Growth rate | 2.5% (CAGR from 2019 to 2027) |
| Largest segment | Polymer matrix composites |
| Fastest growing segment | Metal Matrix Composites |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymer Matrix Composites, Metal Matrix Composites, Ceramic Matrix Composites |
| Key market players worldwide | Solvay SA, Toray Industries Inc, SGL Group, Teijin Ltd, Hexcel Corp, Mitsubishi Chemical Group Corp, Berkshire Hathaway Inc Class A, Gurit, Owens-Corning Inc, TPI Composites Inc, Plasan Carbon Composites, GMS Composites, IDI Composites International, Inc., Revchem Composites, Formaplex |
Other key industry trends
- In terms of revenue, Mexico accounted for 4.6% of the global automotive composite market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. automotive composite market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,290.7 million by 2027.
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Automotive Composite Market Scope
Automotive Composite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Formaplex | View profile | 501-1000 | Havant, Hampshire, United Kingdom, Europe | https://www.formaplex.com/ |
| Revchem Composites | View profile | 101-250 | Bloomington, California, United States, North America | http://revchem.com |
| IDI Composites International, Inc. | View profile | 251-500 | Noblesville, Indiana, United States, North America | http://idicomposites.com |
| GMS Composites | View profile | 11-50 | Oakleigh, Victoria, Australia, Oceania | https://www.gmscomposites.com |
| Plasan Carbon Composites | View profile | 501-1000 | Walker, Michigan, United States, North America | http://www.PlasanCarbon.com |
| TPI Composites Inc | View profile | 12300 | 9200 East Pima Center Parkway, Suite 250, Scottsdale, AZ, United States, 85258 | https://www.tpicomposites.com |
| Berkshire Hathaway Inc Class A | View profile | 396500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | https://www.berkshirehathaway.com |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| SGL Group | View profile | 11-50 | Adelaide, South Australia, Australia, Oceania | https://www.sglgroup.net |
| Gurit | View profile | 5001-10000 | Zürich, Zurich, Switzerland, Europe | http://www.gurit.com/ |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
Mexico automotive composite 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 automotive composite market will help companies and investors design strategic landscapes.
Polymer matrix composites was the largest segment with a revenue share of 76.65% in 2019. Horizon Databook has segmented the Mexico automotive composite market based on polymer matrix composites, metal matrix composites, ceramic matrix composites covering the revenue growth of each sub-segment from 2016 to 2027.
- Mexico Automotive Composite Product Outlook (Revenue, USD Million, 2016-2027)
- Polymer Matrix Composites
- Glass Fiber Reinforced Polymer Composite
- Natural Fiber Reinforced Polymer Composite
- Carbon Fiber Reinforced Polymer Composite
- Metal Matrix Composites
- Ceramic Matrix Composites
- Polymer Matrix Composites
- Mexico Automotive Composite Application Outlook (Revenue, USD Million, 2016-2027)
- Interior Components
- Exterior Components
- Structural & Powertrain Components
- Others
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Target buyers of Mexico automotive composite market databook
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Our clientele includes a mix of automotive composite market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico automotive composite market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automotive composite market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico automotive composite market size, by product, 2016-2027 (US$M)
Mexico Automotive Composite Market Outlook Share, 2019 & 2027 (US$M)
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