UK Specialty Silica Market Size & Outlook, 2019-2027
UK specialty silica market, 2016-2027 (US$M)
Related Markets
UK specialty silica market highlights
- The UK specialty silica market generated a revenue of USD 109.8 million in 2019 and is expected to reach USD 153.9 million by 2027.
- The UK market is expected to grow at a CAGR of 4.3% 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 109.8 million |
| Market revenue in 2027 | USD 153.9 million |
| Growth rate | 4.3% (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, UK accounted for 1.8% 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 Europe, Germany specialty silica market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 497.6 million by 2027.
Precipitated silica was the largest segment with a revenue share of 35.97% in 2019. Horizon Databook has segmented the UK 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.
Rising construction activities in the country have resulted in an increased demand for paints & coatings and the norms pertaining to the lowering of VOC emissions. This has resulted in increased demand for environment-friendly coatings, which is eventually expected to have a positive influence on specialty silica demand.
The country is known for its premium sports cars including Lotus, Aston Martin, Jaguar, Land Rover, and McLaren. Constant innovations in the automotive industry contribute to around 12% of the region’s export owing to their high demand from the rest of the world.
The UK is one of the worst-affected countries by the pandemic outbreak of COVID-19. In addition, the country has witnessed a significant drop in investments on account of uncertainties related to its exit from the European Union (Brexit). Both factors are expected to exert a major negative impact on the overall economic growth of the country, thereby affecting the demand for specialty silica in next couple of years.
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Specialty Silica Market Scope
Specialty Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK specialty silica market size, by product, 2016-2027 (US$M)
UK Specialty Silica Market Outlook Share, 2019 & 2027 (US$M)
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