U.S. Silica Market Size & Outlook, 2022-2030
U.S. silica market, 2018-2030 (US$M)
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U.S. silica market highlights
- The U.S. silica market generated a revenue of USD 8,204.9 million in 2022 and is expected to reach USD 13,941.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.9% 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 8,204.9 million |
| Market revenue in 2030 | USD 13,941.7 million |
| Growth rate | 6.9% (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, U.S. accounted for 21.8% of the global silica market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. silica market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 13,941.7 million by 2030.
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Silica Market Scope
Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 76.24% in 2022. Horizon Databook has segmented the U.S. silica market based on amorphous, crystalline covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is one of the largest producers of silica in the world. Based on a report published by the United States Geological Survey in January 2023, 122 companies were producing commercial silica in the U.S. in 2022. These companies operated a total of 201 active sites spread across 32 different states within the country.
Around 75% of the silica produced in the U.S. was utilized for hydraulic-fracturing sand (frac sand), well-packing, and cementing sand applications. In addition, approximately 10% of the silica was used as sand for glass-making purposes. Thus, rising investment in oil & gas, construction, and glass manufacturing sectors is expected to propel the demand for silica over the forecast period.
In July 2022, the U.S. government announced a five-year plan for blocking all new offshore drilling activities in the Pacific and Atlantic oceans. However, the government is expected to allow some drilling activities on the south coast of Alaska and in the Gulf of Mexico. This is anticipated to negatively impact the consumption of silica in the U.S. in the coming years.
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Target buyers of U.S. 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 U.S. silica market , including forecasts for subscribers. This country databook contains high-level insights into U.S. silica market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. silica market size, by product, 2018-2030 (US$M)
U.S. Silica Market Outlook Share, 2022 & 2030 (US$M)
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