Guru Corporation Global Market News Rice Husk Ash at Covid-19 Crisis

The Rice Husk Ash Market is Expected to Reach $2.9 Billion by 2027 in the Global Market Trajectory Forecast In spite of the COVID-19 situation, the global market for rice husk ash, which was initially anticipated to be worth US$2.2 billion in 2020, is expected to increase at a CAGR of 3.8% from 2020 to 2027, reaching a revised size of US$2.9 billion. The report’s segment on building and construction is expected to grow at a 3.8% CAGR and reach US$867.8 million by the conclusion of the analysis period. Growth in the Steel Industry segment is readjusted to a revised 4% CAGR over the following 7 years after an early review of the business ramifications of the pandemic and its consequent economic crisis.

China’s market is expected to grow at a 6.8% CAGR, while the U.S. market is expected to reach $593 million.

By 2020, the U.S. market for rice husk ash is anticipated to be worth US$593 Million. China, the second-largest economy in the world, is anticipated to reach a projected market size of US$604.3 Million by the year 2027, growing at a 6.8% CAGR from 2020 to 2027. Japan and Canada are two more important geographic markets, with growth rates of 1.2% and 2.8%, respectively, expected between 2020 and 2027. Germany is anticipated to expand within Europe at a CAGR of about 1.9%.

Silica Sector Will Experience 4.8% CAGR

The United States, Canada, Japan, China, and Europe will propel the segment’s predicted 4.2% CAGR in the worldwide silica market. These regional markets, which together account for a market size of US$332.1 million in 2020, are expected to grow to US$441.5 million by the end of the analysis period. In this group of regional markets, China will continue to have one of the quickest rates of growth.

The market in Asia-Pacific, driven by nations like Australia, India, and South Korea, is anticipated to reach US$404.3 Million by 2027, while Latin America will grow at a 5.8% CAGR throughout the course of the analysis period. Our report is in its ninth edition, and we have years of research experience. The 290-page research offers succinct explanations of the pandemic’s effects on production and the purchase side for 2020 and 2021. Also, a short-term staged recovery by important region is addressed.