Asia Pacific Silica Market Size & Outlook, 2022-2030
Asia Pacific silica market, 2018-2030 (US$M)
Related Markets
Asia Pacific silica market highlights
- The Asia Pacific silica market generated a revenue of USD 15,547.0 million in 2022.
- The market is expected to grow at a CAGR of 7.3% from 2023 to 2030.
- In terms of segment, crystalline was the largest revenue generating product in 2022.
- Crystalline is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 15,547.0 million |
| Market revenue in 2030 | USD 27,242.2 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Crystalline |
| Fastest growing segment | Crystalline |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Amorphous, Crystalline |
| Key market players worldwide | Akzo Nobel NV, Cabot Corp, Evonik Industries AG, Imerys, Kemira Oyj, Nissan Chemical Corp, PPG Industries Inc, Solvay SA, Tosoh Corp, Wacker Chemie AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.3% of the global 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 27,242.2 million by 2030.
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Silica Market Scope
Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific silica 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 silica market will help companies and investors design strategic landscapes.
Crystalline was the largest segment with a revenue share of 68.68% in 2022. Horizon Databook has segmented the Asia Pacific silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing offshore oil & gas drilling activities is the key driver fueling the growth of the silica market in Asia Pacific. Also, the flourishing end-use industries such as building & construction, and automotive are anticipated to contribute to the growth of silica market in Asia Pacific from 2023 to 2030.
Asia Pacific countries are making efforts to surge the exploration and production of oil & gas from offshore fields. This is expected to have a positive influence on the demand for silica in the region. For instance, in August 2022, the Government of Australia launched its first offshore exploration permits for approximately 47,000-square-kilometer offshore fields for carrying out oil & gas exploration.
Increasing investment by private players in oil & gas projects in Asia Pacific is expected to propel the demand for silica during the forecast period. In October 2022, Shell PLC announced phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater offshore development project in Malaysia under which oil production is expected to begin in the country by late 2024.
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Our clientele includes a mix of silica 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific silica market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific silica market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific silica market size, by country, 2018-2030 (US$M)
Asia Pacific Silica Market Outlook Share, 2022 & 2030 (US$M)
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