Middle East & Africa Specialty Silica Market Size & Outlook
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MEA specialty silica market highlights
- The MEA specialty silica market generated a revenue of USD 194.4 million in 2019.
- The market is expected to grow at a CAGR of 5.7% 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.
MEA data book summary
| Market revenue in 2019 | USD 194.4 million |
| Market revenue in 2027 | USD 301.8 million |
| Growth rate | 5.7% (CAGR from 2020 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, MEA region accounted for 3.2% 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 37.24% in 2019. Horizon Databook has segmented the Middle East & Africa 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.
Rapid industrialization coupled with improving infrastructure in the Middle East is expected to positively impact the demand for specialty silica. Growing construction and automotive sectors, especially in the UAE and Qatar due to economic recovery, advanced real estate regulatory framework, and increasing infrastructure project are expected to drive the demand for specialty silica.
In addition, various factors including positive demographics, favorable macroeconomics, and rising tourism activities are likely to promote construction and automotive growth. Qatar’s automotive sector is expected to witness significant growth on account of huge government investments and rapid urbanization in the country.
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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 |
Middle East & Africa Specialty Silica Market Outlook Share, 2019 & 2027 (US$M)
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