Mexico Abrasives Market Size & Outlook, 2020-2028
Mexico abrasives market, 2017-2028 (US$M)
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Mexico abrasives market highlights
- The Mexico abrasives market generated a revenue of USD 702.1 million in 2020 and is expected to reach USD 1,016.8 million by 2028.
- The Mexico market is expected to grow at a CAGR of 4.7% from 2021 to 2028.
- In terms of segment, bonded was the largest revenue generating product in 2020.
- Coated is the most lucrative product segment registering the fastest growth during the forecast period.
Abrasives market data book summary
| Market revenue in 2020 | USD 702.1 million |
| Market revenue in 2028 | USD 1,016.8 million |
| Growth rate | 4.7% (CAGR from 2020 to 2028) |
| Largest segment | Bonded |
| Fastest growing segment | Coated |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coated, Bonded, Other Products |
| Key market players worldwide | 3M Co, Bosch, Henkel AG & Co KGaA, Compagnie de Saint-Gobain SA, Asahi Diamond Industrial Europe, sia Abrasives Holding, Deerfos, CUMI America, TYROLIT Group |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.0% of the global abrasives market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. abrasives market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,016.8 million by 2028.
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Abrasives Market Scope
Abrasives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico abrasives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to abrasives market will help companies and investors design strategic landscapes.
Bonded was the largest segment with a revenue share of 45.32% in 2020. Horizon Databook has segmented the Mexico abrasives market based on coated, bonded, other products covering the revenue growth of each sub-segment from 2017 to 2028.
Mexico held second-largest share of the North America abrasive market in 2020. It is a lucrative market for abrasives as it is attracting various investors and manufacturers owing to good business climate, new political reforms, increased trade, and improved government stability.
However, the country was hard hit by the COVID-19 pandemic in 2020 and the severity of the impact is reflected by the decline of 21% in automotive production in the same year.
Before COVID-19, Mexico was an attractive market in terms of foreign direct investments (FDIs). The FDI inflow was mainly in manufacturing sector.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico abrasives market , including forecasts for subscribers. This country databook contains high-level insights into Mexico abrasives market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico abrasives market size, by product, 2017-2028 (US$M)
Mexico Abrasives Market Outlook Share, 2020 & 2028 (US$M)
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