Press release
Mexico Plastic Additives Market to Reach USD 2,054.65 Million by 2034, Growing at 4.3% CAGR
Polaris Market Research announces the release of its latest research report titled, "Mexico Plastic Additive Market Size, Share, & Trends Analysis Report: By Product, By Plastic Type (Commodity Plastics, Engineering Plastics, and High Performance Plastics), By End Use - Market Forecast, 2025-2034."
The report examines the market to exhibit a CAGR of 4.3% from 2025 to 2034. The market was valued at USD 1,352.12 million in 2024 and is projected to grow to USD 2,054.65 million by 2034.
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Market Overview
Plastic additives are materials added to polymers during processing to modify their properties and enhance performance. There are various types of plastic additives, including plasticizers, fillers, stabilizers, colorants, flame retardants, antioxidants, and impact modifiers. These additives can enhance the properties of plastics by improving their strength, durability, flexibility, impact resistance, and thermal stability. Some additives can make the plastic easier to process, such as improving flow during injection molding or extrusion. In addition, fillers can make plastic production cost-effective by adding volume without significantly affecting the final properties of the product.
Market Growth Drivers
Rising Urbanization: Mexico is rapidly growing, with the expansion of cities and the development of new buildings. The rising urbanization is fueling a high demand for construction materials. Many of these construction materials, such as cables, pipes, and insulation, are made using plastics. The use of plastic additives helps improve these products by making them stronger, more flexible, or more weather-resistant. Thus, as urbanization continues to grow, the Mexico plastic additive market demand continues to rise.
Growing Demand from Major Mexican Industries: The growth of industries such as construction, packaging, and automotive in Mexico has led to high demand for plastic products. These industries often need plastic products that are stronger, safer, or more flexible. Additives help develop these high-performance plastics by improving several plastic properties, impacting the market expansion favorably.
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Key Companies
• Avient Corporation
• BASF Mexicana SA de CV
• Everlight Chemical Industrial Corp
• Evonik Industries de Mexico SA
• Huntsman de Mexico, S.A. de C.V.
• LyondellBasell Industries
• M.A. Hanna De Mexico (Avient Corporation)
• Mexichem, S.A.B. de C.V. (Orbia Advance Corporation S.A.B. de CV)
• Perfect Colourants & Plastics Pvt.
• Polynt S.p.A.
• PPG Industries, Inc.
Mexico Plastic Additive Industry Developments
In February 2025, SACO AEI Polymers announced plans to expand its operations in the U.S., Mexico, and India in response to growing demand for specialty compounds. The expansion includes the establishment of new facilities and increased production capacity to better serve global markets.
In July 2024, Avient inaugurated its new ColorWorks Design and Technology Center in Mexico City. This facility is designed to support early-stage plastic product development, offering services such as color, material, and finish (CMF) consultation, rapid prototyping, and solutions to ensure global color consistency.
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Market Segmentation
The market segmentation is primarily done on the basis of product, plastic type, and end use.
By product, the flame retardants segment is projected to register the fastest growth from 2025 to 2034. This is primarily due to the high use of flame-retardant plastics in industries such as automotive, construction, and electronics to comply with safety standards and fire regulations.
Based on plastic type, the commodity plastics segment led the market in 2024. Commodity plastics, including polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC), find widespread use in several everyday applications. The versatility, cost-effectiveness, and large-scale production of these plastics make them highly popular among manufacturers.
Mexico Plastic Additive Market Segmentation
By Product Outlook (Revenue USD Million, 2020-2034)
Plasticizers
Flame Retardants
Impact Modifiers
Antioxidants
Antimicrobials
UV Stabilizers
Other
By Plastic Type Outlook (Revenue USD Million, 2020-2034)
Commodity Plastics
Engineering Plastics
High Performance Plastics
By End Use Outlook (Revenue USD Million, 2020-2034)
Packaging
Automotive
Consumer Goods
Construction
Other
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