U.S. Specialty Silica Market Size & Outlook, 2019-2027
U.S. specialty silica market, 2016-2027 (US$M)
Related Markets
U.S. specialty silica market highlights
- The U.S. specialty silica market generated a revenue of USD 1,115.8 million in 2019 and is expected to reach USD 1,760.2 million by 2027.
- The U.S. market is expected to grow at a CAGR of 5.9% 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 1,115.8 million |
| Market revenue in 2027 | USD 1,760.2 million |
| Growth rate | 5.9% (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, U.S. accounted for 18.1% 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 North America, U.S. specialty silica market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,760.2 million by 2027.
Precipitated silica was the largest segment with a revenue share of 33.48% in 2019. Horizon Databook has segmented the U.S. 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 U.S. automotive industry has shown significant growth in heavy commercial vehicles segment. This has led to the rising demand for advanced and highly efficient rubber tires. Growing production of heavy trucks in the country is expected to have a positive influence on specialty silica demand in tire industry.
Factors such as the rising number of single-family houses and strengthening residential renovation segment in the country have supported the growth of paints & coatings market in the U.S. The recovery of the residential construction industry after the great recession in 2008 09 has played an important role in driving the demand for materials in residential applications.
Rising demand for paints & coatings is expected to fuel the demand for specialty silica over the forecast period. In addition, the prevalence of various coating manufactures in the country including SherwinWilliams, Valspar Corporation, and PPG Industries is expected to augment market growth over the forecast period.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Specialty Silica Market Scope
Specialty Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. specialty silica market size, by product, 2016-2027 (US$M)
U.S. Specialty Silica Market Outlook Share, 2019 & 2027 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
