Specialty Silica Market
PUBLISHED: 2022 ID: SMRC21798
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Specialty Silica Market

Specialty Silica Market Forecasts to 2028 – Global Analysis By Product (Colloidal Silica, Fumed Silica), Application (Inks & Coatings, Insulation), End User (Healthcare, Automotive) and By Geography

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4.5 (64 reviews)
Published: 2022 ID: SMRC21798

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $6.68 BN

Projected Year Value (2028)

US $14.05 BN

CAGR (2022 - 2028)

 13.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Europe

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Specialty Silica Market is accounted for $6.68 billion in 2022 and is expected to reach $14.05 billion by 2028 growing at a CAGR of 13.2% during the forecast period. 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.

As of 2018, the annual production volume of silica sand in Saudi Arabia was about 1.4 million metric tons. It increased from 820 thousand metric tons of silica sand produced in 2010. The mine production of silica sand in Mexico amounted to 2.65 million metric tons in 2021, an increase of approximately six percent in comparison to the previous year. Mexico's silica sand production reached the peak of the decade in 2012, at almost 3.6 million metric tons.



Market Dynamics:

Driver:


Increase in the demand from the electrical and electronics industry

The increase in the demand for specialty silica from the electrical and electronics industry owing to the increase in the use and demand of electronics devices is driving the specialty silica market. For instance, the market size of electronics and electrical industry stood at US$ 400 billion in India in the year 2020. Specialty silica is extensively used in the electrical and electronics industry as semi-conductors in devices such as transistors, printed circuit boards, integrated circuits, batteries, and electric cars which are driving the demand for specialty silica market with the growth in the electrical and electronics industry. This is driving the specialty silica market in the electrical and electronics industry.

Restraint:

Stringent government regulations regarding the manufacture of tires

There are certain government regulations, regarding the manufacturing of tire, non-compliance of which will invite legal actions. For instance, according to 112(d) of the Clean Air Act (CAA), India, the National Emission Standards for Hazardous Air Pollutants (NESHAP), new and existing manufacturing facilities of tires used in agricultural equipment, airplanes and road vehicles such as cars, buses and trucks are levied for emission reduction. The primary sources that fall under this act are rubber processing, cement, solvents and other mixtures in tire production and tire cord production. This is done to reduce toxic air emissions from products used to manufacture tires by 1,100 tons yearly. This acts as one of the biggest challenges to the specialty silica market.

Opportunity:

Increasing application in adhesives and sealants

The increase in the application of specialty silica in adhesives and sealants is highly driving the specialty silica market. Specialty silica is used in adhesives and sealants as it provides improved adhesion, tack and chemical inertness. Adhesives and sealants is used in many key use industries such as the packaging industry, construction industry, electrical & electronics industry, automobile industry, and others. This will further drive the specialty silica market as specialty silica is widely used in adhesives and sealants.

Threat:

High cost of silica derivatives

However, high cost of silica derivatives further increase the cost of products, developed landscape of end-use industries resulting less demand, slackening of global economy and high emissions from specialty silica are some of the factors hindering the growth of specialty silica market globally.

Covid-19 Impact

With ongoing crisis caused by the COVID-19 pandemic, manufacturing activities have declined. However, are expected to improve with the economic recovery with stabilization of the ongoing pandemic. COVID-19 pandemic has had serious repercussions at various levels on the global economy and on the specialty silica market.

The rubber segment is expected to have the highest CAGR during the forecast period

The rubber segment is growing at the highest CAGR in the market due 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.

The agrochemical segment is expected to be the largest during the forecast period

The agrochemical segment is expected to be the largest share due to the need for efficient agro-processing techniques. Specialty silica helps improve the quality, performance, and manufacturing process of liquid and solid formulations of agrochemical products. It is utilized to deliver visco-elastic properties to the liquid formulation. It is used as an anti-settling additive and a rheology modifier to prevent the agglomeration of active ingredients, thereby avoiding sedimentation. In solid formulations, it is utilized as flow aid, anti-caking aid, and milling aid.

Region with highest share:

Europe is projected to hold the largest share in the market. Paints and coatings industry is set to witness a moderate growth owing to the growth in construction output of the region. Besides, the massive automotive industry of Germany is a significant growth driver for the market in Europe.

Region with highest CAGR:

The Asia Pacific is projected to have the highest CAGR 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.



Key players in the market:

Some of the key players profiled in the Specialty Silica Market include AkzoNobel NV, BASF, Clariant, CPS, Inc., Ecolab Incorporated, Evonik Industries, 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.

Key developments:

In October 2021: CPS Inc., announced that it has decided to focus its future production activities on the North American patterned solar glass market. This choice is based on a thorough examination of several glass manufacturing end markets. The Company's high-purity, low-iron silica sand deposit is perfect for the production of solar glass. CPS has the potential to be the first integrated manufacturer of patterned solar glass in North America because to its wholly-owned silica sand mine.

In August 2019: Evonik Business line silica has introduced one new product for the oral care and the product is named as SPHERILEX 145, that is launched to achieve high cleaning level while offering lower abrasion to enamel as well as other oral hardware.

In April 2019: BASF declared to invest euro million amounts in the development of silica plant at Dusseldorf-Holthausen site. This type of development leads to motivate the specialty silica market over the forecast period.

Products Covered:
• Colloidal Silica     
• Fumed Silica     
• Fused Silica     
• Precipitated Silica     
• Silicates Silica Gel/Aerogels
• Micronized Silica     
• Nano-Silica     

Applications Covered:
• Adhesives & Sealants     
• Electrical & Electronics     
• Food & Beverages      
• Inks & Coatings      
• Insulation      
• Agricultural & Feed      
• Desiccants      
• Metal & Refractories     
• Oral Care       
• Paints       
• Personal Care/Cosmetic & Toiletry    
• Rubber       
• Tooth Paste 
• Hygiene Products 
• Detergents and Home Care 
• Agrochemical 
• Polymer 
• Leather 
• Pharmaceuticals 

End Users Covered:
• Building & Construction    
• Healthcare     
• Automotive     
• Footwear      
• Industrial Processing    
• Packaging     
• Paper & Textiles
• Fabrication     
• Plastic Industries     
• Chemical Mechanical Planarization (CMP)  
• Animal Feed     
• Crop Protection     
• Composites

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India        
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
          
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders         
 2.3 Research Scope        
 2.4 Research Methodology        
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions       
          
3 Market Trend Analysis         
 3.1 Introduction        
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats        
 3.6 Product Analysis        
 3.7 Application Analysis        
 3.8 End User Analysis        
 3.9 Emerging Markets        
 3.10 Impact of Covid-19        
          
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry        
          
5 Global Specialty Silica Market, By Product          
 5.1 Introduction        
 5.2 Colloidal Silica             
 5.3 Fumed Silica             
  5.3.1 Hydrophilic Fumed Silica          
  5.3.2 Hydrophobic Fumed Silica          
 5.4 Fused Silica             
 5.5 Precipitated Silica             
 5.6 Silicates Silica Gel/Aerogels         
 5.7 Micronized Silica             
 5.8 Nano-Silica             
          
6 Global Specialty Silica Market, By Application         
 6.1 Introduction        
 6.2 Adhesives & Sealants            
 6.3 Electrical & Electronics            
 6.4 Food & Beverages             
 6.5 Inks & Coatings             
 6.6 Insulation             
 6.7 Agricultural & Feed             
 6.8 Desiccants             
 6.9 Metal & Refractories            
 6.10 Oral Care              
 6.11 Paints               
 6.12 Personal Care/Cosmetic & Toiletry           
 6.13 Rubber              
  6.13.1 Non-Tire            
  6.13.2 Tire            
 6.14 Tooth Paste        
 6.15 Hygiene Products        
 6.16 Detergents and Home Care        
 6.17 Agrochemical        
 6.18 Polymer        
 6.19 Leather        
 6.20 Pharmaceuticals        
          
7 Global Specialty Silica Market, By End User         
 7.1 Introduction        
 7.2 Building & Construction            
 7.3 Healthcare              
 7.4 Automotive             
 7.5 Footwear              
 7.6 Industrial Processing            
 7.7 Packaging             
 7.8 Paper & Textiles        
 7.9 Fabrication             
 7.10 Plastic Industries             
 7.11 Chemical Mechanical Planarization (CMP)          
 7.12 Animal Feed             
 7.13 Crop Protection             
 7.14 Composites        
          
8 Global Specialty Silica Market, By Geography         
 8.1 Introduction        
 8.2 North America        
  8.2.1 US       
  8.2.2 Canada       
  8.2.3 Mexico       
 8.3 Europe        
  8.3.1 Germany       
  8.3.2 UK       
  8.3.3 Italy       
  8.3.4 France       
  8.3.5 Spain       
  8.3.6 Rest of Europe       
 8.4 Asia Pacific        
  8.4.1 Japan       
  8.4.2 China       
  8.4.3 India       
  8.4.4 Australia       
  8.4.5 New Zealand       
  8.4.6 South Korea       
  8.4.7 Rest of Asia Pacific       
 8.5 South America        
  8.5.1 Argentina       
  8.5.2 Brazil       
  8.5.3 Chile       
  8.5.4 Rest of South America       
 8.6 Middle East & Africa        
  8.6.1 Saudi Arabia       
  8.6.2 UAE       
  8.6.3 Qatar       
  8.6.4 South Africa       
  8.6.5 Rest of Middle East & Africa       
          
9 Key Developments         
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 9.2 Acquisitions & Mergers        
 9.3 New Product Launch        
 9.4 Expansions        
 9.5 Other Key Strategies        
          
10 Company Profiling         
 10.1 AkzoNobel NV             
 10.2 BASF        
 10.3 Clariant              
 10.4 CPS, Inc.        
 10.5 Ecolab Incorporated             
 10.6 Evonik Industries             
 10.7 Fuso Chemical Co. Ltd            
 10.8 Glassven C.A              
 10.9 Huber Engineered Materials            
 10.10 Imerys SA             
 10.11 Merck KGaA             
 10.12 Nalco Holding Company            
 10.13 Nouryon              
 10.14 Orisil              
 10.15 PPG Industries Incorporated            
 10.16 Qingdao Makall Group Inc.            
 10.17 Solvay SA              
 10.18 Tokuyama Corporation            
 10.19 Tosoh Silica Corporation            
 10.20 W. R Grace & Company            
 10.21 Wacker Chemie AG         
          
List of Tables          
1 Global Specialty Silica Market Outlook, By Region (2020-2028) ($MN)         
2 Global Specialty Silica Market Outlook, By Product  (2020-2028) ($MN)         
3 Global Specialty Silica Market Outlook, By Colloidal Silica (2020-2028) ($MN)         
4 Global Specialty Silica Market Outlook, By Fumed Silica (2020-2028) ($MN)         
5 Global Specialty Silica Market Outlook, By Hydrophilic Fumed Silica    (2020-2028) ($MN)         
6 Global Specialty Silica Market Outlook, By Hydrophobic Fumed Silica    (2020-2028) ($MN)         
7 Global Specialty Silica Market Outlook, By Fused Silica (2020-2028) ($MN)         
8 Global Specialty Silica Market Outlook, By Precipitated Silica (2020-2028) ($MN)         
9 Global Specialty Silica Market Outlook, By Silicates Silica Gel/Aerogels (2020-2028) ($MN)         
10 Global Specialty Silica Market Outlook, By Micronized Silica (2020-2028) ($MN)         
11 Global Specialty Silica Market Outlook, By Nano-Silica (2020-2028) ($MN)         
12 Global Specialty Silica Market Outlook, By Application (2020-2028) ($MN)         
13 Global Specialty Silica Market Outlook, By Adhesives & Sealants (2020-2028) ($MN)         
14 Global Specialty Silica Market Outlook, By Electrical & Electronics (2020-2028) ($MN)         
15 Global Specialty Silica Market Outlook, By Food & Beverages (2020-2028) ($MN)         
16 Global Specialty Silica Market Outlook, By Inks & Coatings (2020-2028) ($MN)         
17 Global Specialty Silica Market Outlook, By Insulation (2020-2028) ($MN)         
18 Global Specialty Silica Market Outlook, By Agricultural & Feed (2020-2028) ($MN)         
19 Global Specialty Silica Market Outlook, By Desiccants (2020-2028) ($MN)         
20 Global Specialty Silica Market Outlook, By Metal & Refractories (2020-2028) ($MN)         
21 Global Specialty Silica Market Outlook, By Oral Care  (2020-2028) ($MN)         
22 Global Specialty Silica Market Outlook, By Paints (2020-2028) ($MN)         
23 Global Specialty Silica Market Outlook, By Personal Care/Cosmetic & Toiletry    (2020-2028) ($MN)         
24 Global Specialty Silica Market Outlook, By Rubber  (2020-2028) ($MN)         
25 Global Specialty Silica Market Outlook, By Non-Tire (2020-2028) ($MN)         
26 Global Specialty Silica Market Outlook, By Tire (2020-2028) ($MN)         
27 Global Specialty Silica Market Outlook, By Tooth Paste (2020-2028) ($MN)         
28 Global Specialty Silica Market Outlook, By Hygiene Products (2020-2028) ($MN)         
29 Global Specialty Silica Market Outlook, By Detergents and Home Care (2020-2028) ($MN)         
30 Global Specialty Silica Market Outlook, By Agrochemical (2020-2028) ($MN)         
31 Global Specialty Silica Market Outlook, By Polymer (2020-2028) ($MN)         
32 Global Specialty Silica Market Outlook, By Leather (2020-2028) ($MN)         
33 Global Specialty Silica Market Outlook, By Pharmaceuticals (2020-2028) ($MN)         
34 Global Specialty Silica Market Outlook, By End User (2020-2028) ($MN)         
35 Global Specialty Silica Market Outlook, By Building & Construction (2020-2028) ($MN)         
36 Global Specialty Silica Market Outlook, By Healthcare (2020-2028) ($MN)         
37 Global Specialty Silica Market Outlook, By Automotive (2020-2028) ($MN)         
38 Global Specialty Silica Market Outlook, By Footwear (2020-2028) ($MN)         
39 Global Specialty Silica Market Outlook, By Industrial Processing (2020-2028) ($MN)         
40 Global Specialty Silica Market Outlook, By Packaging (2020-2028) ($MN)         
41 Global Specialty Silica Market Outlook, By Paper & Textiles (2020-2028) ($MN)         
42 Global Specialty Silica Market Outlook, By Fabrication (2020-2028) ($MN)         
43 Global Specialty Silica Market Outlook, By Plastic Industries (2020-2028) ($MN)         
44 Global Specialty Silica Market Outlook, By Chemical Mechanical Planarization (CMP) (2020-2028) ($MN)         
45 Global Specialty Silica Market Outlook, By Animal Feed (2020-2028) ($MN)         
46 Global Specialty Silica Market Outlook, By Crop Protection (2020-2028) ($MN)         
47 Global Specialty Silica Market Outlook, By Composites (2020-2028) ($MN)         
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.          
          

 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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