Mexico Composites Market Size & Outlook, 2025-2033
Mexico Composites Market Size
According to Straits Research analysis, The Mexico Composites Market was valued at USD 594 Million in 2024 and is projected to reach USD 1165 Million by 2033, expanding at a CAGR of 7.8% during the forecast period. The primary applications driving this growth are in the energy sector, where composites are used in the production of wind turbines and photovoltaic panels. Further, demand from the chemical industry, agricultural applications, and advances in technology are contributing to the market's expansion. Emerging trends such as sustainable, low-carbon production methods and potential for significant export are creating additional opportunities. As Mexico continues to develop its technological capacities and emphasize green production, it is positioning itself as a robust participant in the global composites market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Composites Market Highlights
- Within the Manufacturing Process category, Layup dominated in 2024 in terms of market size contribution.
- Over the forecast period, Filament is forecasted to deliver the fastest growth, positioning it as the most lucrative Manufacturing Process segment.
- Mexico accounted for 0.57% of the global composites market size in 2024.
- By 2033, China is expected to remain the top global market in terms of size.
- Within Latin America, Rest of Latin America is forecasted to dominate the regional composites market size by 2033.
- Mexico will be the fastest-growing market in Latin America, projected to achieve USD 4707 Million by 2033.
Mexico Composites Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2033 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 594 Million |
| Market Size In 2033 | USD 1165 Million |
| Largest segment | Layup |
| Fastest segment | Filament |
| Units | Revenue in USD Million |
| CAGR | 7.8% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Mexico Composites Market Share By Manufacturing Process
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Manufacturing Process |
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| Product |
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| End-User |
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Mexico Composites Market By Manufacturing Process 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Composites Market By Product 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Composites Market By End-User 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
