Russia Pyrophyllite Market Size & Outlook, 2022-2030
Russia pyrophyllite market, 2018-2030 (US$M)
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Russia pyrophyllite market highlights
- The Russia pyrophyllite market generated a revenue of USD 15.0 million in 2022 and is expected to reach USD 19.1 million by 2030.
- The Russia market is expected to grow at a CAGR of 3.1% from 2023 to 2030.
- In terms of segment, refractories & foundries was the largest revenue generating application in 2022.
- Ceramics is the most lucrative application segment registering the fastest growth during the forecast period.
Pyrophyllite market data book summary
| Market revenue in 2022 | USD 15.0 million |
| Market revenue in 2030 | USD 19.1 million |
| Growth rate | 3.1% (CAGR from 2022 to 2030) |
| Largest segment | Refractories & foundries |
| Fastest growing segment | Ceramics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Russia accounted for 1.6% of the global pyrophyllite market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany pyrophyllite 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 49.9 million by 2030.
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Pyrophyllite Market Scope
Pyrophyllite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia 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.
Refractories & foundries was the largest segment with a revenue share of 52.67% in 2022. Horizon Databook has segmented the Russia pyrophyllite market based on ceramics, refractories & foundries, fillers covering the revenue growth of each sub-segment from 2018 to 2030.
Russia’s economic growth fell in 2022 owing to the sanctions imposed by Western countries due to its ongoing war with Ukraine. In the short term, the demand for pyrophyllite is anticipated to be sluggish in the country. The Russia-Ukraine war, which started in the first half of 2022, intensified the energy crisis that Europe and its countries were already facing due to increased prices of raw materials.
This led to a rise in production costs and a temporary decline in the consumption of steel and steel-based products. Rising construction in the country is increasing the consumption of steel & advanced ceramics, which is projected to have a positive influence on pyrophyllite.
The rising demand from industrial, construction, automotive, among others is anticipated to increase the domestic consumption of iron & steel in the country. Production dipped by 7.2% in 2022 due to a decline in exports caused due to sanctions by the West.
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Our clientele includes a mix of pyrophyllite market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Russia pyrophyllite market, including forecasts for subscribers. This country databook contains high-level insights into Russia pyrophyllite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia pyrophyllite market size, by application, 2018-2030 (US$M)
Russia Pyrophyllite Market Share, 2022 & 2030 (US$M)
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