Japan Silica Market Size & Outlook, 2022-2030
Japan silica market, 2018-2030 (US$M)
Related Markets
Japan silica market highlights
- The Japan silica market generated a revenue of USD 1,229.8 million in 2022 and is expected to reach USD 2,133.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.1% 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 1,229.8 million |
| Market revenue in 2030 | USD 2,133.1 million |
| Growth rate | 7.1% (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, Japan accounted for 3.3% 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 |
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Japan 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 71.59% in 2022. Horizon Databook has segmented the Japan silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in Japan has witnessed significant growth over the past few years owing to ongoing industrial development along with its flourishing economy. The construction of commercial and residential buildings in Japan is expected to fuel the demand for silica as it is used in paints & coatings and cement.
In January 2022, Mitsubishi Estate started the construction of the tallest building in Japan, which is expected to house 50 luxury apartments. The construction is anticipated to be completed by 2027.
Moreover, Japan has started oil & gas exploration to reduce its dependence on other countries. For instance, in 2022, Impex, along with Japan Oil, Gas and Metals National Corp (JOGMEC), announced that they have started an exploration and drilling campaign in the offshore fields of Yamaguchi and Shimane. If this campaign proves that the field is commercially feasible, then the site will start functioning by 2032.
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Target buyers of Japan 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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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan silica market , including forecasts for subscribers. This country databook contains high-level insights into Japan silica market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan silica market size, by product, 2018-2030 (US$M)
Japan Silica Market Outlook Share, 2022 & 2030 (US$M)
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