Mexico High Purity Pig Iron Market Size & Outlook
Mexico high purity pig iron market, 2018-2030 (US$M)
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Mexico high purity pig iron market highlights
- The Mexico high purity pig iron market generated a revenue of USD 6.7 million in 2021 and is expected to reach USD 13.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.2% from 2022 to 2030.
- In terms of segment, automotive & transportation was the largest revenue generating application in 2021.
- Energy is the most lucrative application segment registering the fastest growth during the forecast period.
High purity pig iron market data book summary
| Market revenue in 2021 | USD 6.7 million |
| Market revenue in 2030 | USD 13.7 million |
| Growth rate | 8.2% (CAGR from 2021 to 2030) |
| Largest segment | Automotive & transportation |
| Fastest growing segment | Energy |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive & transportation, Energy, Industrial |
| Key market players worldwide | Rio Tinto PLC ADR, Tronox Holdings PLC Shs Class A, Eramet SA, Vedanta, Minerals Technologies Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.6% of the global high purity pig iron market in 2021.
- Country-wise, Germany is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. high purity pig iron 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 129.9 million by 2030.
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High Purity Pig Iron Market Scope
High Purity Pig Iron Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico high purity pig iron 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 high purity pig iron market will help companies and investors design strategic landscapes.
Automotive & transportation was the largest segment with a revenue share of 50.75% in 2021. Horizon Databook has segmented the Mexico high purity pig iron market based on automotive & transportation, energy, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The growth is attributed to increasing investment by the government in the construction & upgradation of water storage and supply infrastructural projects. For instance, as of June 2021, local governments introduced processes for around 12 new wastewater treatment plants in Central & Southern states.
Similarly, the Mexico government is going to invest USD 474 million in collaboration with the U.S. for the expansion of wastewater treatment plants in San Diego and Tijuana. Thus, the rising investments in wastewater treatment plants, sewage management, and desalination projects are anticipated to boost the high purity pig iron market growth in Mexico over the forecast period.
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Target buyers of Mexico high purity pig iron market databook
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Our clientele includes a mix of high purity pig iron market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico high purity pig iron market , including forecasts for subscribers. This country databook contains high-level insights into Mexico high purity pig iron market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico high purity pig iron market size, by application, 2018-2030 (US$M)
Mexico High Purity Pig Iron Market Outlook Share, 2021 & 2030 (US$M)
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