China Specialty Silica Market Size & Outlook, 2019-2027
China specialty silica market, 2016-2027 (US$M)
Related Markets
China specialty silica market highlights
- The China specialty silica market generated a revenue of USD 649.5 million in 2019 and is expected to reach USD 1,170.0 million by 2027.
- The China market is expected to grow at a CAGR of 7.6% from 2020 to 2027.
- In terms of segment, precipitated silica was the largest revenue generating product in 2019.
- Fused Silica is the most lucrative product segment registering the fastest growth during the forecast period.
Specialty silica market data book summary
| Market revenue in 2019 | USD 649.5 million |
| Market revenue in 2027 | USD 1,170.0 million |
| Growth rate | 7.6% (CAGR from 2019 to 2027) |
| Largest segment | Precipitated silica |
| Fastest growing segment | Fused Silica |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Precipitated Silica, Fumed Silica, Fused Silica, Silica Gel, Colloidal Silica |
| Key market players worldwide | Elkem ASA Ordinary Shares, Evonik Industries AG, Nouryon, PPG Industries Inc, Tosoh Corp, Wacker Chemie AG |
Other key industry trends
- In terms of revenue, China accounted for 10.5% of the global specialty silica market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China specialty silica market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,170.0 million by 2027.
Precipitated silica was the largest segment with a revenue share of 36.1% in 2019. Horizon Databook has segmented the China specialty silica market based on precipitated silica, fumed silica, fused silica, silica gel, colloidal silica covering the revenue growth of each sub-segment from 2016 to 2027.
China is expected to be one of the promising markets for various end-use industries owing to the favorable government policies promoting investments in the construction and automotive sectors. The country’s construction industry is witnessing growth owing to innovative infrastructural developments.
Rapid growth & industrialization and increasing average size of housing units in the country are likely to trigger the market growth. China's sustained demand for industrial, health & hygiene, and infrastructural expansion has generated the requirement for new construction projects, which, in turn, is likely to boost the country’s construction sector.
Improved standard of living and the increasing consumer spending on home decoration are likely to trigger the growth of coatings sector in the country. Increased awareness concerning the pros and cons of using preservatives in food and oral health care among the consumers is expected to drive the demand for specialty silica in other application segment.
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Specialty Silica Market Scope
Specialty Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
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China specialty silica market size, by product, 2016-2027 (US$M)
China Specialty Silica Market Outlook Share, 2019 & 2027 (US$M)
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