Mexico Expanded Polypropylene Foam Market Size & Outlook
Related Markets
Mexico expanded polypropylene foam market highlights
- The Mexico expanded polypropylene foam market generated a revenue of USD 73.5 million in 2024 and is expected to reach USD 159.6 million by 2033.
- The Mexico market is expected to grow at a CAGR of 8.9% from 2025 to 2033.
- In terms of segment, high density was the largest revenue generating product in 2024.
- High Density is the most lucrative product segment registering the fastest growth during the forecast period.
Expanded polypropylene foam market data book summary
| Market revenue in 2024 | USD 73.5 million |
| Market revenue in 2033 | USD 159.6 million |
| Growth rate | 8.9% (CAGR from 2025 to 2033) |
| Largest segment | High density |
| Fastest growing segment | High Density |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High Density, Low Density, Medium Density |
| Key market players worldwide | JSP Corp, Basf SE, Kaneka Corp, DS Smith PLC, Furukawa Electric Co Ltd, Hanwha, Sonoco Products Co, Knauf, Crown Holdings Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 6.4% of the global expanded polypropylene foam market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. expanded polypropylene foam 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 332.7 million by 2033.
High density was the largest segment with a revenue share of 46.12% in 2024. Horizon Databook has segmented the Mexico expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2021 to 2033.
Automotive manufacturing industry in Mexico is witnessing lucrative growth opportunities. The lower value of the US dollar as compared to currencies such as Euro and Yen has attracted the attention of global auto manufacturers, particularly from the North American Free Trade Agreement (NAFTA) region.
Low tariffs along with low production costs, on account of the broad reach of Mexico's free trade agreements, have contributed substantially to attracting significant investments. Exports to nearly 44 countries from Mexico are exempted from tariffs, including the 10% tariff imposed by the EU on the imported motor vehicle. Thus, a rise in automotive manufacturing activities is likely to propel the demand for EPP foam in the coming years.
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| JSP Corp | View profile | 3282 | 4-2, 3-chome Marunouchi, Shi-Nisseki Building, Chiyoda-ku, Tokyo, Japan, 100-0005 | https://www.co-jsp.co.jp |
| Knauf | View profile | 51-100 | Utrecht, Utrecht, The Netherlands, Europe | https://knauf.be/nl |
| DS Smith PLC | View profile | 29672 | 1 Paddington Square, Level 3, London, United Kingdom, W2 1DL | https://www.dssmith.com |
| Kaneka Corp | View profile | 13284 | 3-2-4, Nakanoshima, Kita-ku, Osaka, Japan, 530-8288 | http://www.kaneka.co.jp |
| Hanwha | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.hanwhacorp.co.kr/eng/index.jsp |
| Crown Holdings Inc | View profile | 25000 | 14025 Riveredge Drive, Suite 300, Tampa, FL, United States, 33637-2015 | https://www.crowncork.com |
| Furukawa Electric Co Ltd | View profile | 51314 | Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, Japan, 100-8322 | http://www.furukawa.co.jp |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Sonoco Products Co | View profile | 23000 | 1 N. Second Street, Hartsville, SC, United States, 29550 | http://www.sonoco.com |
Mexico expanded polypropylene foam market size, by product, 2021-2033 (US$M)
Mexico Expanded Polypropylene Foam Market Outlook Share, 2024 & 2033 (US$M)
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