Mexico Silicon Metal Market Size & Outlook, 2019-2027
Mexico silicon metal market, 2016-2027 (US$M)
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Mexico silicon metal market highlights
- The Mexico silicon metal market generated a revenue of USD 57.2 million in 2019 and is expected to reach USD 82.0 million by 2027.
- The Mexico market is expected to grow at a CAGR of 4.6% from 2020 to 2027.
- In terms of segment, silicones was the largest revenue generating application in 2019.
- Solar & Semiconductor is the most lucrative application segment registering the fastest growth during the forecast period.
Silicon metal market data book summary
| Market revenue in 2019 | USD 57.2 million |
| Market revenue in 2027 | USD 82.0 million |
| Growth rate | 4.6% (CAGR from 2019 to 2027) |
| Largest segment | Silicones |
| Fastest growing segment | Solar & Semiconductor |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Silicones, Solar & Semiconductor |
| Key market players worldwide | Ferroglobe PLC, Dow Inc, Elkem ASA Ordinary Shares, Wacker Chemie AG, RIMA Group, RUSAL, Liasa |
Other key industry trends
- In terms of revenue, Mexico accounted for 0.9% of the global silicon metal market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. silicon metal market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 82.0 million by 2027.
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Silicon Metal Market Scope
Silicon Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico silicon metal 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 silicon metal market will help companies and investors design strategic landscapes.
Silicones was the largest segment with a revenue share of 37.59% in 2019. Horizon Databook has segmented the Mexico silicon metal market based on aluminum, silicones, solar & semiconductor covering the revenue growth of each sub-segment from 2016 to 2027.
Mexico is key producer of vehicles in global market. The country is home to various international original manufacturers (OEMs) such as Volkswagen, Audi, BMW, Ford and General Motors, among others. The focus on improvement of fuel efficiency to reduce the emissions is attracting significant amount of aluminum products in the Mexican auto industry.
Mexican silicon metal demand decreased from 24.0 kilotons in 2019 to 21.6 kilotons in 2020, decline of around 10.1%. This was mainly due to COVID-19 pandemic, which affected industrial production of automotive, aerospace, consumer durables and packaging industries.
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Our clientele includes a mix of silicon metal 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 silicon metal market , including forecasts for subscribers. This country databook contains high-level insights into Mexico silicon metal market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Mexico silicon metal market size, by application, 2016-2027 (US$M)
Mexico Silicon Metal Market Outlook Share, 2019 & 2027 (US$M)
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