Market revenue in 2022 | USD 34.5 million |
Market revenue in 2030 | USD 43.2 million |
Growth rate | 2.9% (CAGR from 2022 to 2030) |
Largest segment | Refractories & foundries |
Fastest growing segment | Ceramics |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Ceramics, Refractories & Foundries, Fillers |
Key market players worldwide | R.T. Vanderbilt Holding Company |
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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 pyrophyllite market will help companies and investors design strategic landscapes.
Refractories & foundries was the largest segment with a revenue share of 36.81% in 2022. Horizon Databook has segmented the Middle East & Africa pyrophyllite market based on ceramics, refractories & foundries, fillers covering the revenue growth of each sub-segment from 2018 to 2030.
The countries in the Middle East are expected to witness significant economic growth in the coming years owing to diversification initiatives taken by the governments to reduce their dependence on the oil & gas industry. This is expected to support the growth of the manufacturing, tourism, and construction industries, enhance regional production, and reduce its reliance on exports of oil & gas.
The region is witnessing surged investments in resorts, hotels, artificial islands, and luxury residential projects to support the growth of its construction industry. For instance, in August 2022, Nakheel PJSC announced a master plan vision for the Dubai islands.
The plan involves the construction of 5 islands spanning 17 square kilometers by 2040. These islands will have 80 resorts & hotels, cultural hubs, boutiques, dedicated public parks, and residential spaces. Thus, such construction activities in the Middle East & Africa are anticipated to fuel demand for pyrophyllite used in paints & coatings.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa pyrophyllite market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa pyrophyllite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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