Mexico Anti-fog Additives Market Size & Outlook, 2021-2030
Mexico anti-fog additives market, 2018-2030 (US$M)
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Mexico anti-fog additives market highlights
- The Mexico anti-fog additives market generated a revenue of USD 54.6 million in 2021 and is expected to reach USD 160.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 12.7% from 2022 to 2030.
- In terms of segment, glycerol esters was the largest revenue generating product in 2021.
- Polyglycerol Esters is the most lucrative product segment registering the fastest growth during the forecast period.
Anti-fog additives market data book summary
| Market revenue in 2021 | USD 54.6 million |
| Market revenue in 2030 | USD 160.5 million |
| Growth rate | 12.7% (CAGR from 2021 to 2030) |
| Largest segment | Glycerol esters |
| Fastest growing segment | Polyglycerol Esters |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glycerol Esters, Ethoxylated Sorbitan Esters, Polyglycerol Esters, Sorbitan Esters, Polyoxyethylene Esters |
| Key market players worldwide | Clariant AG, Akzo Nobel NV, Ashland Inc, Croda International PLC, Evonik Industries AG, Avient Corp, DuPont de Nemours Inc, Palsgaard, Lifeline Biotechnologies Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.0% of the global anti-fog additives market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. anti-fog additives market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 160.5 million by 2030.
Glycerol esters was the largest segment with a revenue share of 31.5% in 2021. Horizon Databook has segmented the Mexico anti-fog additives market based on glycerol esters, ethoxylated sorbitan esters, polyglycerol esters, sorbitan esters, polyoxyethylene esters covering the revenue growth of each sub-segment from 2018 to 2030.
Robust manufacturing base of food & beverage manufacturers in the Mexico on account of low manufacturing cost and close proximity to the U.S. is expected to promote the demand for antifog additives. Increasing investments by foreign players on account of regulatory support to promote entry of foreign companies in Mexico manufacturing sector is projected to open new markets over the next eight years.
Shifting base of numerous manufacturers to Mexico on account of low investment cost and abundant availability of raw materials, which helps in reducing the overall manufacturing cost and increasing profit margins is expected to open new investments in manufacturing anti-fog additives over the projected period.
The abundance availability of arable land for farming of crops including corn, sugarcane, sorghum, wheat, tomatoes, and bananas in Mexico is projected to increase the application of agricultural films and thus likely to fuel anti-fog additives demand.
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Anti-Fog Additives Market Scope
Anti-Fog Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico anti-fog additives market size, by product, 2018-2030 (US$M)
Mexico Anti-Fog Additives Market Outlook Share, 2021 & 2030 (US$M)
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