Mexico Petrochemical Market Opportunity Analysis

Opportunities for the Growth of the ABS, PBT, SBR, SBS, and POE Segments Come from the Automotive and Appliance Industries

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May 06, 2015, 05:03 ET

NEW YORK, May 6, 2015 /PRNewswire/ -- The Mexican market for the resins ABS, SBR, SBS, PBT, and POE was valued at $1.06 billion in 2013. The revenue is expected to reach $1.64 billion in 2020, driven by the investments of end-user industries such as automotive, electronics, and appliance companies, which are installing plants in Mexico, attracted by its low production costs and strategic geography. This research service analyzes the Mexican market (in revenue and volume) for ABS, SBR, SBS, PBT and POE. It offers pricing trends and forecasts, export and import analyses, revenue by vertical markets (transportation, building and construction, healthcare, electronics, consumer goods and others) and competitive analysis, with base year 2013, and forecasts from 2014 to 2020.

Key Findings

-This research service analyzes the Mexican market for the resins acrylonitrile butadiene styrene (ABS), styrene butadiene rubber (SBR), styrene butadiene styrene (SBS), polybutylene terephthalate (PBT), and polyolefin elastomers (POE), which generated a total revenue of $ billion in 2013. The total market revenue is forecast to reach $ billion in 2020.
-Although the largest segments are ABS ($million in 2013) and SBR ($ million in 2013), the PBT and SBS segments are expected to grow at the highest CAGRs of % and %, respectively, during 2013–2020.
-ABS, SBR, and SBS are locally produced but also have high import rates. PBT and POE are completely imported.
-Increasing vehicle production is the main driver in the market. Vehicles are becoming lighter, increasing demand for plastic materials to replace metal parts, but decreasing the amount of rubber required per car.
-Another important driver is the ongoing investments of automotive, electronics, and appliance companies, which are installing plants in Mexico, drawn by its low production costs and strategic geography.
-The main competitors are SABIC, Styrolution, Negromex (INSA), Dynasol, and Dow Chemical. However, more competitors are entering the market, especially from Asia, making the market more competitive and decreasing the average price of these resins in the market.

Read the full report: http://www.reportlinker.com/p02910388-summary/view-report.html

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