Mexico plastic resin market

Mexico Plastic Resins Market Overview

Mexico Plastic Resins Market is expected to register higher growth in next seven years due to the growing demand from end-use industries such as automotive and transportation, consumer electronics, building and construction and others. Increasing use of plastic resins in applications like exteriors and interiors.

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Major Mexico Plastic Resins Market Drivers

Plastic resins industry in Mexico is driven by the expansion in the packaging industry along with the increased demand for packaging solutions in food and beverage, consumer goods and pharma industries. For instance, 48 percent of plastic are used in packaging industry as per the national association of plastics in Mexico. The demand for flexible packaging such as bags, pouches and liners is increasing among end-users is predicted to influence the Mexico plastic resins industry. Furthermore, growing preference for polystyrene in air conditioners, building insulation, refrigerators and cold chain packaging owing to its heat resistance is boosting the Mexico Polystyrene market.

Mexico plastic products and resins is the largest importer of the US. In terms of import, US captured more than 60% share. Plastic resins offers unique properties such as chemical resistance, lightweight, cost effective and moisture resistance. Due to its properties, the plastic resins are highly adopted across end-use industries. Mexico plastic and resins industry is dominated by the more than 5,000 companies in which 60% are the micro-sized enterprises operating in Mexico.

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Mexico Polyethylene market is supported by the various factors such as growing demand from the packaging and construction industries. Increasing use of polyethylene for making food packaging trays, bottles and containers due to its properties like chemical and electrical resistance with excellent heat is further supporting the market growth. Growing environmental concerns and government regulations related to pollution is driving the Mexico PET resin market. Increasing preference for lightweight and durable material in end-use sector is propelling the market in near future.

Segments covered in the Report:

The Mexico Plastic Resins Market has been segmented on the basis of Type and End-Use Industry. Based on the Type, the market is segmented into Polypropylene, Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polycarbonate, Polyamide, Polystyrene, Polyurethane and Others. Based on the End-Use Industry, the market is segmented into Packaging, Automotive & Transportation, Infrastructure & Construction, Consumer Goods, Healthcare & Pharmaceuticals, Electrical & Electronics and Others

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Market Segmentation

Mexico Plastic Resins Market by Type

• • • Polyethylene
    • Polypropylene
    • Polyethylene Terephthalate
    • Polyvinyl Chloride
    • Polyamide
    • Polycarbonate
    • Polyurethane
    • Polystyrene
    • Others

Mexico Plastic Resins Market by End-Use Industry

• • • Packaging
    • Automotive & Transportation
    • Infrastructure & Construction
    • Consumer Goods
    • Healthcare & Pharmaceuticals
    • Electrical & Electronics
    • Others