Brazil Silica Market Size & Outlook, 2022-2030
Brazil silica market, 2018-2030 (US$M)
Related Markets
Brazil silica market highlights
- The Brazil silica market generated a revenue of USD 1,706.4 million in 2022 and is expected to reach USD 2,660.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.7% 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.
Silica market data book summary
| Market revenue in 2022 | USD 1,706.4 million |
| Market revenue in 2030 | USD 2,660.9 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Crystalline |
| Fastest growing segment | Crystalline |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 4.5% of the global silica market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil silica market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,660.9 million by 2030.
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Silica Market Scope
Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 71.29% in 2022. Horizon Databook has segmented the Brazil silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is a significant consumer of silica in Central & South America, with its oil & gas industry being the primary user of this mineral. The favorable policies formulated by the government aimed at increasing oil & gas exploration and production activities are expected to drive the demand for silica in Brazil from 2023 to 2030.
For instance, in March 2023, the Ministry of Mines and Energy (MME) announced its plans to introduce the Potencializa E&P program, which aims to increase investments in oil & gas exploration and production activities to position Brazil as the fourth-largest oil producer in the world.
Moreover, increasing investments by private players in oil & gas exploration and production in Brazil are expected to propel the demand for silica during the forecast period. For instance, in October 2022, ONGC Videsh Ltd (OVL) announced that it is currently considering an investment worth USD 1.0 billion for harnessing the potential of an offshore hydrocarbon block located in Brazil.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil silica market , including forecasts for subscribers. This country databook contains high-level insights into Brazil silica market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil silica market size, by product, 2018-2030 (US$M)
Brazil Silica Market Outlook Share, 2022 & 2030 (US$M)
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