Latin America Silica Market Size & Outlook, 2022-2030
Latin America silica market, 2018-2030 (US$M)
Related Markets
Latin America silica market highlights
- The Latin America silica market generated a revenue of USD 2,180.1 million in 2022.
- The market is expected to grow at a CAGR of 5.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 2,180.1 million |
| Market revenue in 2030 | USD 3,382.4 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Crystalline |
| Fastest growing segment | Crystalline |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 5.8% of the global silica market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 27,242.2 million by 2030.
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Silica Market Scope
Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 71.14% in 2022. Horizon Databook has segmented the Latin America silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2018 to 2030.
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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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 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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America silica market size, by country, 2018-2030 (US$M)
Latin America Silica Market Outlook Share, 2022 & 2030 (US$M)
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