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Mexico Polyethylene Terephthalate Market By Type, By Application: Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 83 Pages
  • June 2023
  • Region: Mexico
  • Allied Market Research
  • ID: 5916429
The Mexico polyethylene terephthalate (PET) market is anticipated to grow rapidly in the upcoming years, owing to rise in demand for PET from various end user industries such as packaging, automotive, construction, medical, and others. In addition, increase in efforts of the government to reduce the PET manufacturing cost and to provide technological assistance to increase the production capacity, which are expected to strengthen the growth of the PET industry in Mexico.

The Mexico PET market is expected to garner a major share in the upcoming years. This is attributed to surge in demand from industries such as pharmaceutical, milk & dairy, food, and consumer products. Moreover, increase in integration of PET in automotive and construction applications is expected to drive the market growth. Manufacturers are heavily investing in research & development activities and are introducing innovative products such as PET films and woven bags, which encourage the growth of the PET market in Mexico.

However, high cost of raw materials is anticipated to hamper the market growth. On the contrary, manufacturers are focusing on producing cost-effective PET products to meet the rising demand, which is expected to offer remunerative opportunities for the market expansion during the forecast period. Furthermore, the PET market in Mexico is expected to witness significant growth due to the rise in government initiatives toward the recycling and reuse of the plastics and PET products for packaging of different FMCG products This factor is projected to create lucrative opportunities for the manufacturers operating in the market as there is a huge scope for replacing the traditional packaging materials with PET.

Furthermore, ongoing investments to increase the production capacity in Mexico is anticipated to offer ample growth opportunities for the PET market. In addition, with increase in demand for PET in the medical sector, manufacturers are incorporating advanced technologies to develop medical grade PET to produce advanced medical applications. This factor is projected to create potential opportunities for the players in the upcoming years.

The Porter’s five force analysis for the PET market in Mexico mainly focuses on the competitive and pricing dynamics prevailing in the market. The degree of competition in the market is high as new competitors are entering the market due to increase in demand for PET. The bargaining power of suppliers is high due to the presence of numerous suppliers in the market and fluctuation in prices of raw materials as per the market supply and demand. The bargaining power of buyers is low due to the presence of different substitutes in the market.

The major strength of the PET market in Mexico is the increasing demand from different industrial applications. Furthermore, increase in use of PET in automotive and construction industries is anticipated to drive the market growth in the upcoming years.

Despite the presence of numerous opportunities, high cost of raw materials is a major concern for the growth of the PET market. Conversely, increase in investments in research & development activities toward cost-effective products is projected to create lucrative opportunities for the market in the coming future. The presence of substitutes in the market, such as nylon, polypropylene and polycarbonate, is anticipated to restrain the growth of the Mexico PET market.

Implementation of various environmental regulations is propelling the manufacturers to produce cost-effective PET products. Thus, manufacturers are introducing advanced products such as PET films and woven bags. In addition, manufacturers are focusing on introducing innovative packaging solutions for different products. and different pricing strategies to increase their market presence.

In addition, the Mexico-based companies are investing heavily in the expansion of their existing facilities to meet the rising demand for PET and forming different strategic collaborations and agreements to reduce their overall production cost.

Furthermore, the PET market in Mexico is anticipated to witness rapid growth during the forecast period due to increase in demand from different end user industries. The growing investments to increase the production capacity and development of cost-effective PET products in Mexico provides lucrative opportunities for manufacturers in the upcoming years.

Key Benefits For Stakeholders

  • Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
  • Analyze the key strategies adopted by major market players in mexico polyethylene terephthalate (pet) market.
  • Assess and rank the top factors that are expected to affect the growth of mexico polyethylene terephthalate (pet) market.
  • Top Player positioning provides a clear understanding of the present position of market players.
Detailed analysis of the mexico polyethylene terephthalate (pet) market segmentation assists to determine the prevailing market opportunities.
  • Identify key investment pockets for various offerings in the market.

Additional benefits you will get with this purchase are:

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  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Expanded list for Company Profiles
  • SWOT Analysis

Key Market Segments

By Type

  • Virgin
  • Recycled

By Application

  • Packaging
  • Automotive
  • Construction
  • Medical
  • Others
  • Key Market Players
  • Grupo Imsa
  • Alpek
  • Unigel
  • PetStar
  • Grupo Ercibes
  • PetMatex
  • Cardis
  • Promens
  • Plastiplas
  • Quimtex Plásticos

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits to the Stakeholders
1.4. Research Methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key Findings
3.3. Porter’s Five Forces Analysis
3.4. Market Dynamics
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY TYPE
4.1. Overview
4.2. Virgin
4.3. Recycled
CHAPTER 5: MEXICO POLYETHYLENE TEREPHTHALATE (PET) MARKET, BY APPLICATION
5.1. Overview
5.2. Packaging
5.3. Automotive
5.4. Construction
5.5. Medical
5.6. Others
CHAPTER 6: COMPETITIVE LANDSCAPE
6.1. Introduction
6.2. Top winning strategies
6.3. Product Mapping of Top 10 Player
6.4. Competitive Dashboard
6.5. Competitive Heatmap
6.6. Top player positioning, 2022
CHAPTER 7: COMPANY PROFILES
7.1. Grupo Imsa
7.2. Alpek
7.3. Unigel
7.4. PetStar
7.5. Grupo Ercibes
7.6. PetMatex
7.7. Cardis
7.8. Promens
7.9. Plastiplas
7.10. Quimtex Plásticos
List of Tables
Table 01. Mexico Polyethylene Terephthalate (Pet) Market, by Type, 2022-2032 ($ Million)
Table 02. Mexico Polyethylene Terephthalate (Pet) Market, by Type, 2022-2032 (Kiloton)
Table 03. Mexico Polyethylene Terephthalate (Pet) Market, by Application, 2022-2032 ($ Million)
Table 04. Mexico Polyethylene Terephthalate (Pet) Market, by Application, 2022-2032 (Kiloton)
Table 05. Grupo Imsa: Key Executives
Table 06. Grupo Imsa: Company Snapshot
Table 07. Grupo Imsa: Operating Segments
Table 08. Grupo Imsa: Product Portfolio
Table 09. Grupo Imsa: Key Stratergies
Table 10. Alpek: Key Executives
Table 11. Alpek: Company Snapshot
Table 12. Alpek: Operating Segments
Table 13. Alpek: Product Portfolio
Table 14. Alpek: Key Stratergies
Table 15. Unigel: Key Executives
Table 16. Unigel: Company Snapshot
Table 17. Unigel: Operating Segments
Table 18. Unigel: Product Portfolio
Table 19. Unigel: Key Stratergies
Table 20. Petstar: Key Executives
Table 21. Petstar: Company Snapshot
Table 22. Petstar: Operating Segments
Table 23. Petstar: Product Portfolio
Table 24. Petstar: Key Stratergies
Table 25. Grupo Ercibes: Key Executives
Table 26. Grupo Ercibes: Company Snapshot
Table 27. Grupo Ercibes: Operating Segments
Table 28. Grupo Ercibes: Product Portfolio
Table 29. Grupo Ercibes: Key Stratergies
Table 30. Petmatex: Key Executives
Table 31. Petmatex: Company Snapshot
Table 32. Petmatex: Operating Segments
Table 33. Petmatex: Product Portfolio
Table 34. Petmatex: Key Stratergies
Table 35. Cardis: Key Executives
Table 36. Cardis: Company Snapshot
Table 37. Cardis: Operating Segments
Table 38. Cardis: Product Portfolio
Table 39. Cardis: Key Stratergies
Table 40. Promens: Key Executives
Table 41. Promens: Company Snapshot
Table 42. Promens: Operating Segments
Table 43. Promens: Product Portfolio
Table 44. Promens: Key Stratergies
Table 45. Plastiplas: Key Executives
Table 46. Plastiplas: Company Snapshot
Table 47. Plastiplas: Operating Segments
Table 48. Plastiplas: Product Portfolio
Table 49. Plastiplas: Key Stratergies
Table 50. Quimtex Plásticos: Key Executives
Table 51. Quimtex Plásticos: Company Snapshot
Table 52. Quimtex Plásticos: Operating Segments
Table 53. Quimtex Plásticos: Product Portfolio
Table 54. Quimtex Plásticos: Key Stratergies
List of Figures
Figure 01. Mexico Polyethylene Terephthalate (Pet) Market, 2022-2032
Figure 02. Segmentation of Mexico Polyethylene Terephthalate (Pet) Market, 2022-2032
Figure 03. Top Investment Pockets in Mexico Polyethylene Terephthalate (Pet) Market (2023-2032)
Figure 04. Porter's Five - 1
Figure 05. Porter's Five - 2
Figure 06. Porter's Five - 3
Figure 07. Porter's Five - 4
Figure 08. Porter's Five - 5
Figure 09. Drivers, Restraints and Opportunities: Mexico Polyethylene Terephthalate (Pet) Market
Figure 10. Mexico Polyethylene Terephthalate (Pet) Market,By Type, 2022 ($ Million)
Figure 11. Mexico Polyethylene Terephthalate (Pet) Market,By Application, 2022 ($ Million)
Figure 12. Top Winning Strategies, by Year
Figure 13. Top Winning Strategies, by Development
Figure 14. Top Winning Strategies, by Company
Figure 15. Product Mapping of Top 10 Players
Figure 16. Competitive Dashboard
Figure 17. Competitive Heatmap: Mexico Polyethylene Terephthalate (Pet) Market
Figure 18. Top Player Positioning, 2022
Figure 19. Grupo Imsa: Net Sales, 2020-2022* ($ Million)
Figure 20. Grupo Imsa: Revenue Share, by Segment, 2022 (%)
Figure 21. Grupo Imsa: Revenue Share, by Geography, 2022 (%)
Figure 22. Alpek: Net Sales, 2020-2022* ($ Million)
Figure 23. Alpek: Revenue Share, by Segment, 2022 (%)
Figure 24. Alpek: Revenue Share, by Geography, 2022 (%)
Figure 25. Unigel: Net Sales, 2020-2022* ($ Million)
Figure 26. Unigel: Revenue Share, by Segment, 2022 (%)
Figure 27. Unigel: Revenue Share, by Geography, 2022 (%)
Figure 28. Petstar: Net Sales, 2020-2022* ($ Million)
Figure 29. Petstar: Revenue Share, by Segment, 2022 (%)
Figure 30. Petstar: Revenue Share, by Geography, 2022 (%)
Figure 31. Grupo Ercibes: Net Sales, 2020-2022* ($ Million)
Figure 32. Grupo Ercibes: Revenue Share, by Segment, 2022 (%)
Figure 33. Grupo Ercibes: Revenue Share, by Geography, 2022 (%)
Figure 34. Petmatex: Net Sales, 2020-2022* ($ Million)
Figure 35. Petmatex: Revenue Share, by Segment, 2022 (%)
Figure 36. Petmatex: Revenue Share, by Geography, 2022 (%)
Figure 37. Cardis: Net Sales, 2020-2022* ($ Million)
Figure 38. Cardis: Revenue Share, by Segment, 2022 (%)
Figure 39. Cardis: Revenue Share, by Geography, 2022 (%)
Figure 40. Promens: Net Sales, 2020-2022* ($ Million)
Figure 41. Promens: Revenue Share, by Segment, 2022 (%)
Figure 42. Promens: Revenue Share, by Geography, 2022 (%)
Figure 43. Plastiplas: Net Sales, 2020-2022* ($ Million)
Figure 44. Plastiplas: Revenue Share, by Segment, 2022 (%)
Figure 45. Plastiplas: Revenue Share, by Geography, 2022 (%)
Figure 46. Quimtex Plásticos: Net Sales, 2020-2022* ($ Million)
Figure 47. Quimtex Plásticos: Revenue Share, by Segment, 2022 (%)
Figure 48. Quimtex Plásticos: Revenue Share, by Geography, 2022 (%)

Companies Mentioned

  • Grupo Imsa
  • Alpek
  • Unigel
  • PetStar
  • Grupo Ercibes
  • PetMatex
  • Cardis
  • Promens
  • Plastiplas
  • Quimtex Plásticos

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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