North America Silica Market Size & Outlook, 2022-2030
North America silica market, 2018-2030 (US$M)
Related Markets
North America silica market highlights
- The North America silica market generated a revenue of USD 10,482.8 million in 2022.
- The market is expected to grow at a CAGR of 6.8% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 10,482.8 million |
| Market revenue in 2030 | USD 17,721.7 million |
| Growth rate | 6.8% (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, North America region accounted for 27.8% 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 |
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North 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 76.31% in 2022. Horizon Databook has segmented the North America silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2018 to 2030.
The consumption of silica in North America is increasing owing to the flourishing oil & gas industry in the region. This is because silica is primarily used as a weighting agent in drilling fluids during oil & gas exploration and production activities. In addition, its demand is driven by the expansion of energy generation industry in North America.
The growth of oil & gas industry in different countries of the region due to initiatives undertaken by their respective governments is anticipated to propel the demand for silica over the forecast period. For instance, in April 2022, the government of Canada approved the offshore oil project proposed by Equinor ASA.
Similarly, in January 2022, the National Hydrocarbons Commission (CNH) of Mexico authorized onshore & offshore plans of Pemex Exploracion y Produccion S.A. de C.V. (PEP) involving an investment worth USD 800.0 million.
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Target buyers of North 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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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 continent-level data and insights on the North America silica market , including forecasts for subscribers. This continent databook contains high-level insights into North America silica market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America silica market size, by country, 2018-2030 (US$M)
North America Silica Market Outlook Share, 2022 & 2030 (US$M)
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