North America Pyrophyllite Market Size & Outlook, 2022-2030
North America pyrophyllite market, 2018-2030 (US$M)
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North America pyrophyllite market highlights
- The North America pyrophyllite market generated a revenue of USD 182.3 million in 2022.
- The market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
- In terms of segment, ceramics was the largest revenue generating application in 2022.
- Ceramics is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 182.3 million |
| Market revenue in 2030 | USD 242.3 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Ceramics |
| 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 |
Other key industry trends
- In terms of revenue, North America region accounted for 19.8% of the global pyrophyllite 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 670.6 million by 2030.
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Pyrophyllite Market Scope
Pyrophyllite Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America pyrophyllite 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 pyrophyllite market will help companies and investors design strategic landscapes.
Ceramics was the largest segment with a revenue share of 46.24% in 2022. Horizon Databook has segmented the North America pyrophyllite market based on ceramics, refractories & foundries, fillers covering the revenue growth of each sub-segment from 2018 to 2030.
The decline in steel production negatively impacted pyrophyllite demand in 2022. However, the steel demand is anticipated to grow in the coming years due to increased construction activities in Canada and the U.S. The flourishing construction and consumer goods industries along with growth of oil & gas and other heavy industries are expected to positively impact the demand for pyrophyllite in the region over the forecast period.
Over the forecast period, the ceramics market in North America is expected to experience substantial growth. This growth can be attributed to the rising production of ceramic tiles and sanitary ware, along with a surge in demand for ceramics driven by the construction and infrastructure development sectors.
These factors are anticipated to positively influence the consumption of pyrophyllite in the region. In addition, North America has a well-established medical industry owing to the presence of robust healthcare infrastructures in countries such as the U.S. and Canada. These countries spend huge amounts of money on health expenditure.
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Target buyers of North America pyrophyllite market databook
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Our clientele includes a mix of pyrophyllite market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America pyrophyllite market, including forecasts for subscribers. This continent databook contains high-level insights into North America pyrophyllite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America pyrophyllite market size, by country, 2018-2030 (US$M)
North America Pyrophyllite Market Share, 2022 & 2030 (US$M)
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