UK Pyrophyllite Market Size & Outlook, 2022-2030
UK pyrophyllite market, 2018-2030 (US$M)
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UK pyrophyllite market highlights
- The UK pyrophyllite market generated a revenue of USD 24.6 million in 2022 and is expected to reach USD 31.3 million by 2030.
- The UK 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 24.6 million |
| Market revenue in 2030 | USD 31.3 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, UK accounted for 2.7% 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 |
|---|
UK 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 42.28% in 2022. Horizon Databook has segmented the UK pyrophyllite market based on ceramics, refractories & foundries, fillers covering the revenue growth of each sub-segment from 2018 to 2030.
This has increased the import of steel products from other countries despite the growth potential of the UK steel industry. In March 2023, the steel union expressed disappointment toward the government budget that lacked support for the industry, which is under serious threat. The lack of support is anticipated to shrink the country’s steel sector and reduce production figures in 2023.
The industry is expected to flourish over the forecast period if it receives government support. According to the Cast Metals Federation, the UK is home to approximately 400 foundries, distributed across different parts of the country.
The highest concentrations of foundries can be found in the Midlands and South Yorkshire, specifically in the Sheffield area. Rising demand for casting products is expected to increase the demand for refractories and flux over the forecast period.
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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 UK pyrophyllite market, including forecasts for subscribers. This country databook contains high-level insights into UK pyrophyllite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK pyrophyllite market size, by application, 2018-2030 (US$M)
UK Pyrophyllite Market Share, 2022 & 2030 (US$M)
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