Global Specialty Silica Market Overview
"The Specialty Silica Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Specialty silica such as precipitated silica, fumed silica and colloidal silica are used in applications such as food & beverages, plastics, rubber, oral care, and agriculture & feed. For instance, in food & beverages, it works as a clarification agent for beer; in plastics, it is used during the polymerization process to avoid sticking polymer layers to each other during processing.
The specialty silica market is expected to grow over the forecast period on account of increasing applications in oral care, rubber, plastics, and food & beverage industries. Growing demand for rubber on account of automotive industry growth in developing economies is expected to positively impact the global specialty silica market over the forecast period. An increasing number of regulatory approvals from associations like U.S Department of Agriculture and FDA regarding the use of specialty silica in food & beverages is expected to boost the demand for specialty silica over the forecast.
The colloidal silica product segment is expected to be the fastest growing product segment in the specialty silica market. Increasing demand for end-use applications such as catalyst, paper & textile applications, tobacco treatment, rubber, ceramics, and pharmaceutical applications is expected to fuel the demand for colloidal silica over the forecast period.
The rubber application segment is the largest in the global specialty silicon market. Properties of specialty silica, namely high tensile strength and scratch resistance, are expected to boost the demand for specialty silica in rubber industries. In addition, the growing demand for green tires in North America and Europe is expected to fuel the specialty silica market.
The Asia Pacific is expected to dominate the global specialty silica market. The rising automotive industry in emerging economies like China and India has led tire industry growth, which is expected to boost the specialty silica market in the region. North America is estimated to be the second largest market. This can be attributed to their efficiency and growing demand for various application industries.
Market segmentation and key players operating in the global market:
Global specialty silica market segmentation, by product:
- Precipitated silica
- Fused silica
- Colloidal silica
Global specialty silica market segmentation, by application:
- Food & Beverages
- Personal care
Global specialty silica market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Solvay SA
- Tosoh Corporation
- Wacker Chemie AG
- Oriental Silica Corporation
- Evonik AG
- R Grace & Company
- Ecolab Incorporated
- Madhu Silica Pvt. Ltd.
- Imerys SA
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