Latin America Precipitated Silica Market Size & Outlook
The precipitated silica market in Latin America is expected to reach a projected revenue of US$ 470.9 million by 2030. A compound annual growth rate of 5.7% is expected of Latin America precipitated silica market from 2023 to 2030.
Revenue, 2022 (US$M)
$302.9
Forecast, 2030 (US$M)
$470.9
CAGR, 2023 - 2030
5.7%
Report Coverage
Latin America
Latin America precipitated silica market, 2018-2030 (US$M)
Related Markets
Latin America precipitated silica market highlights
- The Latin America precipitated silica market generated a revenue of USD 302.9 million in 2022.
- The market is expected to grow at a CAGR of 5.7% from 2023 to 2030.
- In terms of segment, rubber was the largest revenue generating application in 2022.
- Rubber is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 302.9 million |
| Market revenue in 2030 | USD 470.9 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Rubber |
| Fastest growing segment | Rubber |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rubber, Agrochemicals, Oral Care, Food Industry, Other Applications |
| Key market players worldwide | J.M. Huber Corporation, Evonik Industries AG, PPG Industries Inc, IQE PLC, Solvay SA, Tosoh Corp, Standard Industries |
Other key industry trends
- In terms of revenue, Latin America region accounted for 14.1% of the global precipitated silica market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,675.4 million by 2030.
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Precipitated Silica Market Scope
Precipitated silica market segmentation & scope
Precipitated Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America precipitated silica market size, by country, 2018-2030 (US$M)
Latin America Precipitated Silica Market Outlook Share, 2022 & 2030 (US$M)
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