Russia Silica Market Size & Outlook, 2022-2030
Russia silica market, 2018-2030 (US$M)
Related Markets
Russia silica market highlights
- The Russia silica market generated a revenue of USD 1,210.8 million in 2022 and is expected to reach USD 1,905.0 million by 2030.
- The Russia market is expected to grow at a CAGR of 5.8% 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.
Silica market data book summary
| Market revenue in 2022 | USD 1,210.8 million |
| Market revenue in 2030 | USD 1,905.0 million |
| Growth rate | 5.8% (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, Russia accounted for 3.2% of the global silica market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany silica market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Europe and is projected to reach USD 1,465.4 million by 2030.
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Silica Market Scope
Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia 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 71.69% in 2022. Horizon Databook has segmented the Russia silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Energy Agency, the country's crude and condensate output reached 10.5 million barrels per day, which was 14% of the world supply. In January 2023, the Russian president announced that Russia’s oil output increased by 2% in 2022 despite West sanctions as compared to 2021.
Increasing exploration and drilling by the country is expected to propel the demand for silica over the forecast period. For instance, in August 2022, PJSC Rosneft Oil Company began drilling at the Payakhskoye field. The company drilled around 80 wells in 2022. The Payakhskoye field is part of Rosneft's Vostok Oil strategic project.
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Target buyers of Russia 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 Russia silica market , including forecasts for subscribers. This country databook contains high-level insights into Russia silica market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia silica market size, by product, 2018-2030 (US$M)
Russia Silica Market Outlook Share, 2022 & 2030 (US$M)
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