Market revenue in 2022 | USD 13.2 million |
Market revenue in 2030 | USD 17.8 million |
Growth rate | 3.8% (CAGR from 2022 to 2030) |
Largest segment | Binders |
Fastest growing segment | Dispersants |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Dispersants, Binders |
Key market players worldwide | Basf SE, Bentonite Performance Minerals, Aimia Inc, Dow Inc, Evonik Industries AG, Solvay SA |
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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 advanced ceramic additives market will help companies and investors design strategic landscapes.
Binders was the largest segment with a revenue share of 32.58% in 2022. Horizon Databook has segmented the Mexico advanced ceramic additives market based on dispersants, binders covering the revenue growth of each sub-segment from 2018 to 2030.
Electronic components manufacturing industry is growing abruptly in Mexico and advanced ceramics are widely used in manufacturing of electronic components. Mexico is known for its electronics industry with numerous manufacturers present in the country. The growing use of advanced ceramics in electronics is expected to prove beneficial for additives over the forecast period.
Mexico witnessed a downfall in the growth of its automotive and aerospace sectors in 2020 owing to the imposition of lockdowns and other restrictions to contain the spread of the coronavirus. This almost put a shutdown on exports and imports, as well as manufacturing activities in the country in 2020.
However, with the lifting of restrictions in Mexico and the complete opening of the country again, a gradual increase in the demand for advanced ceramics has been witnessed from different end-use industries owing to the increasing adoption of lightweight materials for developing different products.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico advanced ceramic additives market , including forecasts for subscribers. This country databook contains high-level insights into Mexico advanced ceramic additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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