India Silica Market Size & Outlook, 2022-2030
India silica market, 2018-2030 (US$M)
Related Markets
India silica market highlights
- The India silica market generated a revenue of USD 1,411.7 million in 2022 and is expected to reach USD 2,517.2 million by 2030.
- The India market is expected to grow at a CAGR of 7.5% 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 1,411.7 million |
| Market revenue in 2030 | USD 2,517.2 million |
| Growth rate | 7.5% (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, India accounted for 3.7% of the global silica market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China silica market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,517.2 million by 2030.
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Silica Market Scope
Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 67.59% in 2022. Horizon Databook has segmented the India silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2018 to 2030.
The Government of India is trying to reduce its dependence on oil & gas imports from other countries. As such, it has made various positive policies to enhance the exploration and production of oil & gas.
For instance, the Government of India introduced the Hydrocarbon Exploration and Licensing Policy (HELP) in 2016 to simplify the licensing process and relax the regulatory framework for oil & gas exploration and production.
Moreover, private players are investing in carrying out exploration activities and increasing their production in India. This is anticipated to have a positive impact on silica consumption in the country. For instance, in February 2023, ONGC announced an investment worth USD 2 billion to drill 103 wells in the Arabian Sea. It aims to further add USD 100 million for production of oil and gas from these wells.
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Target buyers of India silica market databook
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Our clientele includes a mix of silica market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the India silica market , including forecasts for subscribers. This country databook contains high-level insights into India silica market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India silica market size, by product, 2018-2030 (US$M)
India Silica Market Outlook Share, 2022 & 2030 (US$M)
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