Latin America Silica Market Size & Outlook, 2025-2033
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Latin America silica market highlights
- The Latin America silica market generated a revenue of USD 2,350.1 million in 2024.
- The market is expected to grow at a CAGR of 7.3% from 2025 to 2033.
- In terms of segment, crystalline was the largest revenue generating product in 2024.
- Crystalline is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2033.
Latin America data book summary
| Market revenue in 2024 | USD 2,350.1 million |
| Market revenue in 2033 | USD 4,336.5 million |
| Growth rate | 7.3% (CAGR from 2025 to 2033) |
| Largest segment | Crystalline |
| Fastest growing segment | Crystalline |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| 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, Latin America region accounted for 5.8% of the global silica market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 37,728.2 million by 2033.
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Silica Market Scope
Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nissan Chemical Corp | View profile | 3317 | 7-1 Kanda Nishiki-Cho 3-chome, Chiyoda-ku, Tokyo, Japan, 101-0054 | http://www.nissanchem.co.jp |
| Tosoh Corp | View profile | 14266 | 3-8-2 Shiba, Minata-ku, Tokyo, Japan, 105-8623 | http://www.tosoh.com |
| Imerys | View profile | 13909 | 43 quai de Grenelle, Paris, France, 75015 | https://www.imerys.com |
| Kemira Oyj | View profile | 4690 | Energiakatu 4, P.O. Box 330, Helsinki, Finland, FI-00180 | https://www.kemira.com |
| PPG Industries Inc | View profile | 53000 | One PPG Place, Pittsburgh, PA, United States, 15272 | https://www.ppg.com |
| Cabot Corp | View profile | 4300 | Two Seaport Lane, Suite 1400, Boston, MA, United States, 02210 | https://www.cabotcorp.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
Latin America 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 74.74% in 2024. Horizon Databook has segmented the Latin America silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2021 to 2033.
The primary reason for the increased consumption of silica in Central & South America is its flourishing oil & gas industry. As oil & gas exploration and production activities are surging, the demand for silica is also rising in the region.
For instance, several private international firms, including subsidiaries of Shell Group, were granted six offshore concessions by ANCAP, the state-owned hydrocarbons company of Uruguay, in 2022. These concessions permitted oil & gas exploration activities in the waters of the country.
Rising investments in construction activities in different countries of Central & South America are expected to fuel the growth of the silica market in the region over the forecast period as it is used in paints & coatings and cement.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America silica market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America silica market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Latin America silica market size, by country, 2021-2033 (US$M)
Latin America Silica Market Outlook Share, 2024 & 2033 (US$M)
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