Analysis of the Engineering Plastics Market in Mexico

  • June 2013
  • -
  • Frost & Sullivan
  • -
  • 122 pages

Vehicle Assembly Sustains Market Growth

The engineering plastics market may grow in Mexico due to increasing investments in the automotive sector. The country offers full advantages needed to drive the market: low manufacturing costs, trade agreements, and presence of global principal companies. This research service provides an analysis of the engineering plastics market in Mexico, detailing the ABS, PA, PC, PBT, and POM segments in terms of sales, demand, pricing, competitors, applications, and market trends. Market drivers and restraints, market forecast measurements, and the relation with global mega trends are also provided. The base year of the study is 2012, and the forecast period is 2013 to 2017.

Executive Summary

• The engineering plastics market in Mexico recovered quickly from the economic crisis in 2008 and 2009. The market stabilized in 2012 with $X million in revenue and X thousand metric tons (MT) in volume.
• The increase in demand was caused by additional investments in the automotive sector, by the trend to replace traditional materials, and by an increase in production due to government incentives and favorable trade agreements.
• Sales volume is expected to reach X thousand MT by 2017. Revenue is expected to reach $X million by 2017, with a compound annual growth rate (CAGR) of X%.
• The segments with the greatest participation are acrylonitrile butadiene styrene (ABS) and polycarbonate (PC) due to their wide range of application, having X% andX% of the market revenue, respectively.
• The biggest growth rate will be for polyoxymethylate (POM) with a CAGR ofX% and the smallest will be for acrylonitrite butadiene styrene (ABS) with a CAGR ofX% in revenue.
• There is no local production of Polyamide (PA), polybutylene terephthalate (PBT), PC, polymethylmethacrylate (PMMA) and POM. Mexico hosts only compounding plants.
• Styrolution produces ABS in Mexico.

CEO’s Perspective

1. At least X automotive manufacturers have decided to build assembly lines in Mexico: Mercedes Benz, Tata Motors, Nissan, Audi, Mazda, and Honda.
2. Mexico is a platform for export because of low costs of production as well as the export facilities that the country offers.
3. Total volume is expected to reach Xthousand MT and sales of $X million by 2017.
4. PC and ABS have the largest share in volume, but PC has higher value added and is the principal engineering polymers, holding X% of sales.
5. An increase in oil prices and Asian competition in certain segments could restrain growth.

Definitions

• This research service presents an in-depth market analysis of the engineering plastics market in Mexico.
• This research service covers industry challenges, market drivers and restraints, and emerging trends. Revenue forecasts to 2017 are also discussed.
• The base year for this study is 2012, and the study period is 2009 to 2017.
• All revenue and prices are in US dollars, and the exchange rate used was X Mexican pesos for 1 US dollar.

For the purpose of this research, the market is segmented by product type as follows:
• Acrylonitrile Butadiene Styrene (ABS)
• Polyamide (PA)
• Polycarbonate (PC)
• Polyoxymethylate (POM)
• Polybutylene Terephthalate (PBT)
• Polymethylmethacrylate (PMMA)—not covered because it is not significant in Mexico The study does not cover plastics, which are not engineering plastics:
• High-performance plastics include:
- Polyphenylene Sulfide (PPS)
- Polyetheretherketone (PEEK)
- Polytetrafluoroethylene (PTFE)
- High-performance Polyamide (HPPA)
• High-volume plastics include:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Polyethylene Terephthalate (PET)

Plastics are distinguished by mechanical, thermal, and electrical properties. Because of their enhanced properties, high-performance engineering plastics can replace metals, glass, and other traditional commodities in several applications. Plastics can be classified according to economic and technical factors.

ABS
ABS is a polymer blend that usually consists of polybutadiene or a butadiene copolymer and styrene acrylonitrate (SAN). ABS is used primarily by the automotive (panels, handles, and bumpers) and the electronics (appliances, computers, printers, and keyboards) industries.
PA
The 2 standard grades of PA are PA6 and PA66, which are differentiated by their production process. PA6 is made by hydrolytic polymerization of caprolactam, and PA66 is made by polycondensation of hexamethylenediamine and adipic acid. Special copolyamide grades are also produced. PA is primarily used by the automotive (inside the motor), textile, and furniture industries.
PC
PC is a type of polyester in which the carbonate ester groups are linked by aromatic groups. The polymer is produced by an interfacial process where bisphenol A, which is also the raw material for epoxy and polyacetal resins, is phosgenated in the presence of methylene chloride under controlled conditions. PC has been used as a substitute for glass in applications such as in sunglasses, media (CDs and DVDs), vehicles, and construction.
POM
POM, also called polyacetal, is a highly crystalline polymer made by the polymerization of formaldehyde through trioxanes to produce a homopolymer. POM can be used in gears, shifts, valves, and tubing components.
PBT
PBT is a semi-crystalline, saturated polyester produced by the polycondensation of terephthalic acid or dimethyl terephthalate with 1,4-butanediol in the presence of a catalyst. Terephthalic acid, dimethyl terephtalate, and 1,4-butanediol are derived from petrochemicals such as xylene and acetylene. Because of its stable electrical properties, PBT is used in headlight frames, mirror systems, circuit breakers, sockets, and switches.

Key Questions This Study Will Answer

• Is the engineering plastics market in Mexico growing, and at what rate is it expected to grow during the forecast period?
• What will happen with engineering plastics prices in the forecast period? How will the prices of raw materials influence the market?
• What drives and restrains the growth of the engineering plastics market? Which sector will drive growth?
• Is the market structure in Mexico stable? Are there new entrants in the market, and are companies analyzing the potential for engineering plastics?
• Do the products/services offered today meet customer needs, or is additional development needed?
• What features must a company have to be competitive in the market?

Table Of Contents

Table of Contents

1. Executive Summary
2. Market Overview
3. Total Engineering Plastics Market
• External Challenges: Drivers and Restraints
• Forecasts and Trends
• Market Share and Competitive Analysis
• Mega Trends and Industry Convergence Implications
4. ABS Segment Breakdown
5. PA Segment Breakdown
6. PC Segment Breakdown
7. PBT Segment Breakdown
8. POM Segment Breakdown
9. The Last Word (Conclusions and Implications)
10. Appendix

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