Europe Specialty Silica Market Size & Outlook, 2019-2027
Europe specialty silica market, 2016-2027 (US$M)
Related Markets
Europe specialty silica market highlights
- The Europe specialty silica market generated a revenue of USD 1,116.0 million in 2019.
- The market is expected to grow at a CAGR of 5.2% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 1,116.0 million |
| Market revenue in 2027 | USD 1,671.9 million |
| Growth rate | 5.2% (CAGR from 2019 to 2027) |
| Largest segment | Precipitated silica |
| Fastest growing segment | Fused Silica |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 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, Europe region accounted for 18.1% of the global specialty silica market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,276.2 million by 2027.
Precipitated silica was the largest segment with a revenue share of 35.27% in 2019. Horizon Databook has segmented the Europe 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.
In Europe, the regulations concerning the VOC emission reduction in paints & coatings industry are expected to propel the demand for eco-friendly specialty silica in the next eight years. Rising awareness regarding food preservatives and increasing health concerns have boosted the demand for specialty silica in food application segment.
Rising demand for precipitated silica from tire industry is anticipated to boost market growth. For instance, in June 2018, Evonik Industries announced the capacity expansion of its precipitated silica production facility in Turkey by 40 thousand tons.
The facility is expected to be operational by 2020. Europe has been one of the worst-affected regions by the COVID-19 pandemic. Major economies in the region, including Germany and France, have reported significant contractions.
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Specialty Silica Market Scope
Specialty Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe specialty silica market size, by country, 2016-2027 (US$M)
Europe Specialty Silica Market Outlook Share, 2019 & 2027 (US$M)
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