Brazil Specialty Silica Market Size & Outlook, 2019-2027
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Brazil specialty silica market highlights
- The Brazil specialty silica market generated a revenue of USD 685.8 million in 2019 and is expected to reach USD 1,026.7 million by 2027.
- The Brazil 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.
Specialty silica market data book summary
| Market revenue in 2019 | USD 685.8 million |
| Market revenue in 2027 | USD 1,026.7 million |
| Growth rate | 5.2% (CAGR from 2020 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, Brazil accounted for 11.1% 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 Latin America, Brazil specialty silica market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,026.7 million by 2027.
Precipitated silica was the largest segment with a revenue share of 36.51% in 2019. Horizon Databook has segmented the Brazil 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 growth in the construction industry and automotive production is anticipated to propel the growth of the specialty silica market in Brazil. Construction industry is booming in Brazil, especially in Sao Paulo, which is Brazil’s largest real estate market. This is owing to the falling interest rates and governmental economic reforms in the region.
Therefore, several multinationals are grabbing this opportunity and investing in the Brazilian construction sector, which is expected to boost the demand for specialty silica in coatings application segment.
In addition, the growing automotive production in the country is boosting the demand for specialty silica for its use in rubber application segment. Increasing use of precipitated silica in paints & coatings, adhesives, and sealants, is expected to drive the market demand. The product is also used in coil coating and aluminum extrusion coating to reduce gloss from different angles.
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Specialty Silica Market Scope
Specialty Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tosoh Corp | View profile | 14266 | 3-8-2 Shiba, Minata-ku, Tokyo, Japan, 105-8623 | http://www.tosoh.com |
| Elkem ASA Ordinary Shares | View profile | 7436 | Drammensveien 169, Oslo, Norway, 0277 | https://www.elkem.com |
| PPG Industries Inc | View profile | 53000 | One PPG Place, Pittsburgh, PA, United States, 15272 | https://www.ppg.com |
| Nouryon | View profile | - | - | |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
Brazil specialty silica market size, by product, 2016-2027 (US$M)
Brazil Specialty Silica Market Outlook Share, 2019 & 2027 (US$M)
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