Mexico Automotive Plastics Market Size & Outlook, 2025-2033
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Mexico automotive plastics market highlights
- The Mexico automotive plastics market generated a revenue of USD 323.5 million in 2024 and is expected to reach USD 508.7 million by 2033.
- The Mexico market is expected to grow at a CAGR of 5.4% from 2025 to 2033.
- In terms of segment, injection molding was the largest revenue generating process in 2024.
- Thermoforming is the most lucrative process segment registering the fastest growth during the forecast period.
Automotive plastics market data book summary
| Market revenue in 2024 | USD 323.5 million |
| Market revenue in 2033 | USD 508.7 million |
| Growth rate | 5.4% (CAGR from 2025 to 2033) |
| Largest segment | Injection molding |
| Fastest growing segment | Thermoforming |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Other, Thermoforming, Injection Molding, Blow Molding |
| Key market players worldwide | Akzo Nobel NV, Basf SE, Covestro AG, Evonik Industries AG, Adient PLC, Magna International Inc, Momentive, SABIC, Dow Inc, Hanwha, Grupo Antolin, Lear Corporation, Owens-Corning Inc, Quadrant Group, Koninklijke DSM NV, Teijin Ltd |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global automotive plastics market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. automotive plastics market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,917.1 million by 2033.
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Automotive Plastics Market Scope
Automotive Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Adient PLC | View profile | 70000 | 3 Dublin Landings, North Wall Quay, IFSC, Dublin 1, Dublin, Ireland, D01 H104 | https://www.adient.com |
| Lear Corporation | View profile | 10001+ | Southfield, Michigan, United States, North America | http://lear.com |
| Grupo Antolin | View profile | 10001+ | Burgos, Castilla y Leon, Spain, Europe | http://www.grupoantolin.com |
| Quadrant Group | View profile | 251-500 | Burgess Hill, West Sussex, United Kingdom, Europe | http://www.quadrantgrp.com/ |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Hanwha | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.hanwhacorp.co.kr/eng/index.jsp |
| Momentive | View profile | 5001-10000 | Schenectady, New York, United States, North America | https://www.momentive.com/ |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
Mexico automotive plastics 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 plastics market will help companies and investors design strategic landscapes.
Injection molding was the largest segment with a revenue share of 61.17% in 2024. Horizon Databook has segmented the Mexico automotive plastics market based on other, thermoforming, injection molding, blow molding covering the revenue growth of each sub-segment from 2021 to 2033.
Automotive plastics market in Mexico is expected to witness substantial growth over the forecast period owing to the growing production of automobiles. The automotive plastics market in Mexico has undergone significant transformation from 2020 to 2023, evolving into a crucial player in the global automotive industry.
Mexico has become a hub for automotive manufacturing, and there has been a significant increase in the usage of plastics in this process. The country's strategic geographical location, competitive labor costs, and trade agreements, have further boosted its attractiveness to international automakers.
The automotive plastics market in Mexico benefits from the industry's increasing emphasis on lightweight materials, fuel efficiency, and sustainability. Major automakers and suppliers in Mexico utilize a variety of automotive plastics in components ranging from interiors and exteriors to under-the-hood applications.
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Target buyers of Mexico automotive plastics market databook
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Our clientele includes a mix of automotive plastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 automotive plastics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automotive plastics market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Mexico Product - Automotive Plastics Market size, 2024 - 2033 (US$M)
Mexico Automotive Plastics Market Outlook Share, 2024 & 2033 (US$M)
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