Colloidal Silica Industry Analysis in Middle East & Africa
Study on Colloidal Silica in Middle East & Africa By Formulation (Acidic, Alkaline), By Particle Size (Up to 50 nm, 51 to 100 nm, Above 100 nm), By Application (Catalysts, Electronics, Construction, Coatings, Refractories, Investment Castings) and By Country - 2023 to 2033
Analysis of Colloidal Silica Industry Covering Countries Including Analysis of GCC Countries, South Africa Rest of MEA
Colloidal Silica Sales Outlook for Middle East & Africa (2023 to 2033)
Sales of colloidal silica in the Middle East & Africa are forecasted to increase at 3.4% CAGR, thereby increasing from US$ 44.9 million in 2023 to US$ 64.1 million by the end of 2033.
Rising use of colloidal silica in chemical mechanical planarization (CMP) applications and construction applications is predicted to drive sales of colloidal silica in the Middle East & Africa across the study period. The low impact of colloidal silica on the environment and potential for recyclability is also forecasted to bolster colloidal silica sales in the Middle East & Africa going forward.
Launch of several new commercial and residential construction projects, increasing demand for catalysts, growing demand for coatings and paints, and rising focus on improving manufacturing efficiency by opting for investment castings are other prospects that could augment colloidal silica demand in MEA over the coming years.
- Colloidal silica sales in the Middle East & Africa are projected to account for 4% of global sales by the end of 2033.
|Colloidal Silica Sales in Middle East & Africa (2023E)||US$ 44.9 Million|
|Projected Sales (2033F)||US$ 64.1 Million|
|Demand Growth (2023 to 2033)||3.4% CAGR|
|Sales in Rest of MEA (2033F)||US$ 19.6 Million|
|Demand Volume in South Africa (2033)||7,027 Tons|
|Acidic Colloidal Silica Sales (2023)||US$ 17.3 Million|
|Demand Growth in Construction Applications (2023 to 2033)||3.7% CAGR|
|Key Companies Profiled||
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Why are Colloidal Silica Suppliers Keen to Invest in the Middle East?
“Launch of Megaprojects Creating Attractive Business Scope”
Middle Eastern countries have been focusing on diversifying their economic growth and reducing reliance on the oil industry in recent years. These countries are launching some of the most massive and larger-than-life construction projects the world has ever seen to make them tourist hotspots of the world. The United Arab Emirates (UAE) has already proven the success of this tourism through the megaprojects model and now Saudi Arabia is following the same but at a much grandiose scale.
- GCC countries are expected to utilize 14,177 tons of colloidal silica by the end of 2033.
The announcement of the revolutionary NEOM city project and the complete redevelopment of downtown Riyadh with projects such as the Mukaab are all set to make Saudi a leading tourist destination in the future. Surging demand for construction materials on such a huge level in Middle Eastern countries is forecasted to provide highly remunerative business opportunities for colloidal silica companies in the future.
Learn more about growth-augmenting aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for colloidal silica by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
GCC countries and South Africa are forecasted to emerge as the best markets to invest in the Middle East and Africa region owing to massive infrastructure development activities in these countries.
How Will Colloidal Silica Manufacturers Fare in GCC Countries?
“Surging Demand for High-performance Concrete and Cement”
|Market Value (2023E)||US$ 19.7 Million|
|Demand Growth (2023 to 2033)||4% CAGR|
|Projected Value (2033F)||US$ 29.7 Million|
GCC countries in recent years have been increasing their spending on infrastructure development as they make a move to diversify their economic growth parameters. Saudi Arabia, Qatar, Oman, and the United Arab Emirates are some of the key countries where demand for construction materials is reaching new heights. Growing use of high-performance concrete and other construction materials made with colloidal silica in GCC countries is forecasted to create new opportunities for colloidal silica suppliers in the Middle East & African region going forward.
Will South Africa Be a Bankable Market for Colloidal Silica Suppliers?
“High Spending on Infrastructure Development Offers Attractive Business Scope”
|Market Value (2023E)||US$ 10.5 Million|
|Growth Rate (2023 to 2033)||3.3% CAGR|
|Projected Value (2033F)||US$ 14.7 Million|
South Africa is the leading economy in the African continent and the country intends to hold this stance over the coming years as well. Efforts of the South African government to bolster economic growth have led to rising investments in infrastructure development thereby creating demand for colloidal silica as well. The presence of a robust manufacturing industry in the country is also forecasted to favor shipments of colloidal silica in the long run.
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Colloidal silica manufacturers are focusing on supplying alkaline colloidal silica to satisfy the growing demand from different industry verticals in the Middle East & Africa. Colloidal silica suppliers are particularly focusing on supplying products for catalyst applications in the MEA region to make the most of their investments.
Which Type of Colloidal Silica Brings in Most Profits for Companies?
“Alkaline Colloidal Silica to Top Sales and Volume Charts in MEA”
|Segment Value (2023E)||US$ 27.6 Million|
|Growth Rate (2023 to 2033)||3.7% CAGR|
|Projected Value (2033F)||US$ 40.7 Million|
High use of alkaline colloidal silica in the preparation of binders, sealants, and adhesives is projected to allow it to hold a dominant stance in the Middle East & Africa over the coming years. An increasing number of colloidal silica applications requiring alkaline colloidal silica is also projected to favor growth in this segment over the next ten years and beyond.
Which Application Constitutes High Colloidal Silica Demand?
“Colloidal Silica for Catalyst Manufacturing Holds Prominent Revenue Share”
|Segment Value (2023E)||US$ 14.7 Million|
|Growth Rate (2023 to 2033)||4% CAGR|
|Projected Value (2033F)||US$ 22.5 Million|
When colloidal silica is used in catalyst manufacturing it allows for the improvement of catalyst performance thereby promoting the demand for colloidal silica in the Middle East & Africa over the coming years. Low impurity levels of colloidal silica also make them a preferred choice in catalyst manufacturing applications in this region.
The Middle East & Africa have a lot of unexplored business potential when it comes to colloidal silica and this is why any colloidal silica supplier looking to do business in this region will have the opportunity to rake in huge profits. Construction and chemical industries are projected to offer the most lucrative moneymaking scope for new as well as established colloidal silica providers in the MEA region going forward. Political instability is predicted to remain a major challenge for all colloidal silica distributors and manufacturers operating in the Middle East & Africa over the next ten years and beyond.
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Segmentation of Colloidal Silica Study in Middle East & Africa
By Formulation :
By Particle Size :
- Up to 50 nm
- 51 to 100 nm
- Above 100 nm
By Application :
- Investment Castings
By Country :
- GCC Countries
- South Africa
- Rest of MEA
- FAQs -
Colloidal silica sales in the Middle East & Africa are valued at US$ 44.9 million in 2023.
Demand for colloidal silica in the Middle East & Africa is set to reach a valuation of US$ 64.1 million by the end of 2033.
Colloidal silica sales are forecasted to rise at 3.4% CAGR from 2023 to 2033.
Colloidal silica sales in South Africa are projected to increase at 3.3% CAGR over the next ten years.
Evonik, Wacker Chemie, Cabot, BASF, Momentive Performance Materials, and Dow Chemical are leading colloidal silica suppliers in MEA.