Market revenue in 2022 | USD 1,814.6 million |
Market revenue in 2030 | USD 2,889.8 million |
Growth rate | 6% (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 |
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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 74.62% in 2022. Horizon Databook has segmented the Germany silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is one of the largest consumers of energy in Europe. As of 2021, primary consumption amounted to 12,193 petajoules, of which 75% was from fossil fuels. In 2021, Russia accounted for 55% of the country’s gas imports. After the imposition of sanctions on Russia in 2022 due to the Russia-Ukraine war, Germany is trying to reduce its energy dependence on Russia and is looking for alternatives.
The country is investing in offshore drilling, which is expected to positively influence the silica market. For instance, in June 2022, the government of the country announced that the Netherlands and Germany are expected to jointly drill for a new gas field in the North Sea. The first gas is anticipated to be generated by the end of 2024.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany silica market , including forecasts for subscribers. This country databook contains high-level insights into Germany silica market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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