Canada Silica Market Size & Outlook, 2022-2030
Canada silica market, 2018-2030 (US$M)
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Canada silica market highlights
- The Canada silica market generated a revenue of USD 1,201.3 million in 2022 and is expected to reach USD 2,016.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.7% 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 1,201.3 million |
| Market revenue in 2030 | USD 2,016.7 million |
| Growth rate | 6.7% (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, Canada accounted for 3.2% of the global silica market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. silica market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 13,941.7 million by 2030.
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Silica Market Scope
Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 77.49% in 2022. Horizon Databook has segmented the Canada silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is one of the leading producers of oil & gas in the world with significant conventional and unconventional reserves of oil sand and shale gas. These reserves require extensive drilling activities for harnessing them, thereby driving the demand for frac sand in the country. According to the Canada Energy Regulator, approximately 540 companies operated natural gas production wells in the country in 2021.
In November 2022, natural gas production in Canada hit an all-time averaging 17.9 billion cubic feet per day. According to the International Institute of Sustainable Development, oil & gas industry in the country is anticipated to expand its production by approximately 30% from 2020 to 2030. The growing investments in oil & gas industry in Canada are expected to propel the demand for silica over the forecast period.
Construction is one of Canada’s promising sectors because of increased spending in residential, commercial, and infrastructure segments. This is likely to encourage glass manufacturing and paints & coatings production in the country, which is expected to advance silica demand in the coming years.
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Our clientele includes a mix of silica market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada silica market , including forecasts for subscribers. This country databook contains high-level insights into Canada silica market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada silica market size, by product, 2018-2030 (US$M)
Canada Silica Market Outlook Share, 2022 & 2030 (US$M)
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