The market is dominated by foreign suppliers, as imports account for 81.6% of total market size in 2022. B2B drives market demand, with B2B spending representing 53.6% of total demand in 2022. Mexico has the second largest market size for photochemicals, explosives and other chemicals regionally, with demand reaching USD11.5 billion in 2022. Polioles SA de CV is the largest company in Mexico, generating 9.8% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 23.0% of total production value in 2022. The total number of companies increases in 2022, to 8,797 units. The costs of the industry increase by 16.8% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 30.1% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 49.9% of total production output. With production value of USD3.9 billion, Mexico accounts for 15.7% of the Latin America total in 2022.
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This Euromonitor industrial report provides unique information on Photochemicals, Explosives and Other Chemicals in Mexico: ISIC 2429. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Photochemicals, Explosives and Other Chemicals in Mexico: ISIC 2429 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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