India Specialty Silica Market Size & Outlook, 2019-2027
India specialty silica market, 2016-2027 (US$M)
Related Markets
India specialty silica market highlights
- The India specialty silica market generated a revenue of USD 235.1 million in 2019 and is expected to reach USD 407.1 million by 2027.
- The India market is expected to grow at a CAGR of 7.1% from 2020 to 2027.
- In terms of segment, precipitated silica was the largest revenue generating product in 2019.
- Precipitated 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 235.1 million |
| Market revenue in 2027 | USD 407.1 million |
| Growth rate | 7.1% (CAGR from 2019 to 2027) |
| Largest segment | Precipitated silica |
| Fastest growing segment | Precipitated 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, India accounted for 3.8% 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 38.92% in 2019. Horizon Databook has segmented the India 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.
The accelerated growth in building & construction and automotive industries is anticipated to bring lucrative opportunities for specialty silica market in India. New reforms, such as the “Make in India” campaign, established by the country’s government have enabled in strengthening the Indian economy.
Valiant efforts by the local government and the increasing interests of foreign companies to invest and establish manufacturing plants in the country are expected to trigger the demand for specialty silica.
The growing demand from paints & coatings industry is propelling the growth of the precipitated silica segment in the country. Government initiatives are expected to significantly trigger the growth in construction industry, which, in, turn, is likely to boost the industry for paints & coatings.
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Specialty Silica Market Scope
Specialty Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
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India specialty silica market size, by product, 2016-2027 (US$M)
India Specialty Silica Market Outlook Share, 2019 & 2027 (US$M)
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