Mexico Silicone In Car Care Products Market Size & Outlook
Mexico silicone in car care products market, 2016-2028 (US$M)
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Mexico silicone in car care products market highlights
- The Mexico silicone in car care products market generated a revenue of USD 4.0 million in 2020 and is expected to reach USD 5.2 million by 2028.
- The Mexico market is expected to grow at a CAGR of 3.4% from 2021 to 2028.
- In terms of segment, specialty silicones was the largest revenue generating product in 2020.
- Specialty Silicones is the most lucrative product segment registering the fastest growth during the forecast period.
Silicone in car care products market data book summary
| Market revenue in 2020 | USD 4.0 million |
| Market revenue in 2028 | USD 5.2 million |
| Growth rate | 3.4% (CAGR from 2020 to 2028) |
| Largest segment | Specialty silicones |
| Fastest growing segment | Specialty Silicones |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Silicone, Specialty Silicones |
| Key market players worldwide | 3M Co, CHT Group, Evonik Industries AG, Dow Inc, Momentive, Henkel AG & Co KGaA, Sonax, Wacker Chemie AG, Shin-Etsu Chemical Co Ltd, Energizer Holdings Inc, MA-FRA, Liqui Moly |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.8% of the global silicone in car care products market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. silicone in car care products market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 5.2 million by 2028.
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Silicone In Car Care Products Market Scope
Silicone In Car Care Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico silicone in car care products 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 silicone in car care products market will help companies and investors design strategic landscapes.
Specialty silicones was the largest segment with a revenue share of 62.5% in 2020. Horizon Databook has segmented the Mexico silicone in car care products market based on silicone, specialty silicones covering the revenue growth of each sub-segment from 2016 to 2028.
The automobile industry in Mexico is a significant contributor to the North American automobile industry owing to the presence of major automobile manufacturers in the country. Favorable trade policies and industrial practices in Mexico have attracted multinational players to establish their manufacturing units in the country.
thereby augmenting the growth of silicone in car care products. The market for pre-owned cars in the country has surged aftermarket sales for car care products.
Consumers are focusing on maintenance and restoration of old vehicles and enhancing the aesthetics, which, in turn, is likely to create scope for silicone in car care products such as wax, polish, and glass cleaners.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico silicone in car care products market , including forecasts for subscribers. This country databook contains high-level insights into Mexico silicone in car care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico silicone in car care products market size, by product, 2016-2028 (US$M)
Mexico Silicone In Car Care Products Market Outlook Share, 2020 & 2028 (US$M)
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