Russia Advanced Ceramic Additives Market Size & Outlook
Russia advanced ceramic additives market, 2018-2030 (US$M)
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Russia advanced ceramic additives market highlights
- The Russia advanced ceramic additives market generated a revenue of USD 23.2 million in 2022 and is expected to reach USD 30.8 million by 2030.
- The Russia market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
- In terms of segment, binders was the largest revenue generating product in 2022.
- Dispersants is the most lucrative product segment registering the fastest growth during the forecast period.
Advanced ceramic additives market data book summary
| Market revenue in 2022 | USD 23.2 million |
| Market revenue in 2030 | USD 30.8 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Binders |
| Fastest growing segment | Dispersants |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dispersants, Binders |
| Key market players worldwide | Basf SE, Bentonite Performance Minerals, Aimia Inc, Dow Inc, Evonik Industries AG, Solvay SA |
Other key industry trends
- In terms of revenue, Russia accounted for 4.1% of the global advanced ceramic additives market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK advanced ceramic additives market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 37.0 million by 2030.
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Advanced Ceramic Additives Market Scope
Advanced Ceramic Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia advanced ceramic additives 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 advanced ceramic additives market will help companies and investors design strategic landscapes.
Binders was the largest segment with a revenue share of 27.59% in 2022. Horizon Databook has segmented the Russia advanced ceramic additives market based on dispersants, binders covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing exploration and drilling by the country is expected to propel the usage of advanced ceramics and thus generate demand for additives market over the forecast period. For instance, in August 2022, PJSC Rosneft Oil Company began drilling at the Payakhskoye field.
The increasing inclination of the government to electrify its bus fleet is likely to positively aid the market growth of advanced ceramics (used in manufacturing automotive parts) over the forecast period.
For instance, in January 2022, the Moscow city government announced to procure another 500 electric buses from Kamaz the same year. In addition, the Moscow city government announced the conversion of the entire bus fleet to electric by 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the Russia advanced ceramic additives market , including forecasts for subscribers. This country databook contains high-level insights into Russia advanced ceramic additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia advanced ceramic additives market size, by by product, 2018-2030 (US$M)
Russia Advanced Ceramic Additives Market Outlook Share, 2022 & 2030 (US$M)
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