Mexico Industrial And Institutional Cleaning Chemicals Market Size & Outlook
Mexico industrial and institutional cleaning chemicals market, 2018-2030 (US$M)
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Mexico industrial and institutional cleaning chemicals market highlights
- The Mexico industrial and institutional cleaning chemicals market generated a revenue of USD 1,183.2 million in 2023 and is expected to reach USD 1,899.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, surfactants was the largest revenue generating raw material in 2023.
- Solvents is the most lucrative raw material segment registering the fastest growth during the forecast period.
Industrial and institutional cleaning chemicals market data book summary
| Market revenue in 2023 | USD 1,183.2 million |
| Market revenue in 2030 | USD 1,899.4 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Surfactants |
| Fastest growing segment | Solvents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chlor-Alkali, Surfactants, Solvents, Phosphate, Biocides |
| Key market players worldwide | Procter & Gamble Co, Basf SE, Clariant AG, The Clorox Company, Henkel AG & Co KGaA, 3M Co, Kimberly-Clark Corp, Reckitt Benckiser Group PLC, Croda International PLC, Albemarle Corp, Eastman Chemical Co, Huntsman Corp, Stepan Co, Westlake Corp, Solvay SA, Dow Inc, Sasol |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.6% of the global industrial and institutional cleaning chemicals market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. industrial and institutional cleaning chemicals 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 38,356.9 million by 2030.
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Industrial And Institutional Cleaning Chemicals Market Scope
Industrial And Institutional Cleaning Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico industrial and institutional cleaning chemicals 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 industrial and institutional cleaning chemicals market will help companies and investors design strategic landscapes.
Surfactants was the largest segment with a revenue share of 29.46% in 2023. Horizon Databook has segmented the Mexico industrial and institutional cleaning chemicals market based on chlor-alkali, surfactants, solvents, phosphate, biocides covering the revenue growth of each sub-segment from 2018 to 2030.
Mexican manufacturing industry is majorly comprised of medical device manufacturing, aerospace, automotive, textiles, and apparel. With advancement in technology and rapid industrialization in the country, the demand for various personal care products, PVCs, Laundry care products, processed food products and more are increasing.
Major manufacturers are penetrating into the country to be a nearshore partner of the region’s supply and manufacturing. These factors reflect a strong market position for various cleaning chemical producers and the demand is likely to remain steady across Mexico over the coming years.
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Target buyers of Mexico industrial and institutional cleaning chemicals market databook
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Our clientele includes a mix of industrial and institutional cleaning chemicals market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico industrial and institutional cleaning chemicals market , including forecasts for subscribers. This country databook contains high-level insights into Mexico industrial and institutional cleaning chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico industrial and institutional cleaning chemicals market size, by raw material, 2018-2030 (US$M)
Mexico Industrial And Institutional Cleaning Chemicals Market Outlook Share, 2023 & 2030 (US$M)
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