Mexico Greases Market Size & Outlook, 2023-2030
Mexico greases market, 2018-2030 (US$M)
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Mexico greases market highlights
- The Mexico greases market generated a revenue of USD 90.3 million in 2023 and is expected to reach USD 109.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, mineral was the largest revenue generating form in 2023.
- Mineral is the most lucrative form segment registering the fastest growth during the forecast period.
Greases market data book summary
| Market revenue in 2023 | USD 90.3 million |
| Market revenue in 2030 | USD 109.0 million |
| Growth rate | 2.7% (CAGR from 2023 to 2030) |
| Largest segment | Mineral |
| Fastest growing segment | Mineral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mineral, Synthetic, Bio-based |
| Key market players worldwide | Nycon, Battenfeld-Grease & Oil Corporation of New York, RichardsApex Inc., Lubriplate Lubricants Co., GB Lubricants, Eastern Oil, JAX INC., D-A Lubricant Company, Xaerus Performance Fluids, Moroil Technologies, Industrial Oils Unlimited, LLC, Primrose Oil Company, Cadillac Oil, Condat, COGELSA, Interflon |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.5% of the global greases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. greases market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 746.2 million by 2030.
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Greases Market Scope
Greases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico greases 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 greases market will help companies and investors design strategic landscapes.
Mineral was the largest segment with a revenue share of 62.79% in 2023. Horizon Databook has segmented the Mexico greases market based on mineral, synthetic, bio-based covering the revenue growth of each sub-segment from 2018 to 2030.
Greases are used in mining machinery, as the metal components used in the mining industry are susceptible to corrosion, due to exposure to moisture, chemicals, and harsh environments. The mining market in Mexico was valued at USD 2.47 billion in 2019, and further grew to USD 2.28 billion in 2022 and USD 2.29 billion in 2023 as per the ITA.
The mining industry in the country is expected to grow significantly in the coming years, thereby boosting the demand and consumption of greases in Mexico.The growing construction industry is significantly driving the greases market in Mexico.
The strong support of independent government and parastatal agencies, such as INFONAVIT (the Institute of the National Housing Fund for Workers), FOVISSSTE (the largest housing fund for state workers in Mexico), and National Housing Commission (CONAVI), is expected to prominently fuel the growth of the housing sector in the country, which, in turn, is anticipated to create high demand for greases over the forecast period.
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Our clientele includes a mix of greases market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico greases market, including forecasts for subscribers. This country databook contains high-level insights into Mexico greases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico greases market size, by form, 2018-2030 (US$M)
Mexico Greases Market Share, 2023 & 2030 (US$M)
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