Specialty Silica - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Specialty Silica Market is accounted for $6.97 billion in 2020 and is expected to reach $16.66 billion by 2028 growing at a CAGR of 11.5% during the forecast period. Increasing production of tires due to various government regulations, high consumption of consumer goods such as footwear, oral care products, and increasing industrial applications are the major factors propelling the market growth. However, declining automotive industry is hampering the market growth.
Silica is found naturally in sandstone and other rocks. It is a colorless and hard compound. The specialty silica is generally prepared by chemically reacting it with blast sand. Based on its use in industries, it is either used in fine or granule form. On account of its high absorption capacity and large surface area, it is used as non-reactive filler. It is also utilized as a thickening and reinforcing agent in adhesives. Specialty silica is extensively used in the production of the conveyor as well as transmission belts, wherein it provides abrasion resistance, high tensile strength, and improves tear resistance.
Based on application, the rubber segment is going to have a lucrative growth during the forecast period owing to the owing to extensive utilization of precipitated silica in reinforcement of rubbers. Properties of specialty silica namely high tensile strength and scratch resistance are expected to boost the demand for specialty silica in rubber industries. Rubber's application for the non-tire segment is projected to rise at a moderate pace in near future. Non-tire applications include silicone rubber, footwear soles, and industrial rubber. These applications are expected to further drive the segment over the forecast period. In addition, growing demand for green tires in North America and Europe is expected to fuel the specialty silica market.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising demand of the paints & coatings in construction and automobile industry, which has perpetually influenced the specialty silica market size. Also, automobile manufacturers in this region are actively moving towards green tire development and pursuing it as future business, thus propelling the product demand in the near future. Moreover, the specialty silica market in India expanded considerably. The country is anticipated to exhibit a lucrative trend for the specialty silica market in the near future.
Some of the key players profiled in the Specialty Silica Market include AkzoNobel NV, Cabot Corporation, Clariant, Ecolab Incorporated, Evonik Industries, Fuji Silysia Chemical, Fuso Chemical Co. Ltd, Glassven C.A, Huber Engineered Materials, Imerys SA, Merck KGaA, Nalco Holding Company, Nouryon, Orisil, PPG Industries Incorporated, Qingdao Makall Group Inc., Solvay SA, Tokuyama Corporation, Tosoh Silica Corporation, W. R Grace & Company, and Wacker Chemie AG.
• Colloidal Silica
• Fumed Silica
• Fused Silica
• Micronized Silica
• Precipitated Silica
• Silicates Silica Gel/Aerogels
• Adhesives & Sealants
• Agricultural & Feed
• Electrical & Electronics
• Food & Beverages
• Inks & Coatings
• Metal & Refractories
• Oral Care
• Personal Care/Cosmetic & Toiletry
End Users Covered:
• Building & Construction
• Plastic Industries
• Chemical Mechanical Planarization (CMP)
• Animal Feed
• Crop Protection
• Industrial Processing
• Paper & Textiles
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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