Global NanoSilica Market to Reach $6.3 Billion by 2030
The global market for NanoSilica estimated at US$4.6 Billion in the year 2023, is expected to reach US$6.3 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2023-2030. P-Type NanoSilica, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$3.4 Billion by the end of the analysis period. Growth in the S Type NanoSilica segment is estimated at 4.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 4.3% CAGR
The NanoSilica market in the U.S. is estimated at US$1.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
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