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Silica Flour Market - Market Leaders are US Silica Holdings, Inc. (US), Sibelco Group (Belgium), Adwan Chemical Industries Company (Saudi Arabia)

07-14-2021 05:52 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets.com

The global silica flour market size is projected to grow from USD 563 million in 2021 to USD 684 million by 2026, at a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast year. Silica flour is a natural, milled, crystalline silica used in a range of applications, such as foundry, ceramic, rubber, paints & glass, and abrasive soaps & powders. It is obtained by the purification of quartz and is a finely ground form of crystalline silica.

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The silica flour market has thousands of companies which thrive in their domestic market. A few of the major players are, US Silica Holdings, Inc. (US), Sibelco Group (Belgium), Adwan Chemical Industries Company (Saudi Arabia), Sil Industrial Minerals (Canada), and AGSCO Corporation (US), among others. These players have adopted various growth strategies, to increase their market shares and enhance their product portfolios.

Sibelco Group is a global material solutions company engaged in the sourcing, transformation, and distribution of specialty industrial minerals–particularly silica, clays, feldspathics, and olivine. The company serves various industries, such as glass, ceramics, construction, coatings, polymers, and water purification. It has 195 production sites & 20 technical centers, with operations in 34 countries across the globe. The has a strong presence across the North American, South American, Asia Pacific, and European regions.

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U.S. Silica Holdings, Inc. is one of the leading manufacturers of commercial silica used in the oil and gas industry. The company offers a range of silica products to be used in a wide range of industrial applications. With its wide experience, the company has developed core competencies in mining, processing, logistics, and materials science. It offers ground silica and fine ground silica products through its Industrial & Specialty Products segment. The company has 23 production plants in the US and a strong customer base across the North American region.

The North American region is projected to account for the largest share in the silica flour market during the forecast period.
The North American region is projected to lead the silica flour market in terms of both value and volume from 2021 to 2026. North America has witnessed a substantial upsurge in the tire industry due to the presence of automobile giants, such as General Motors and Ford Company. The growing tire industry has increased the consumption of silica flour as a reinforcing filler in this region. Additionally, the use of glass and silica flour for renewable energy resource applications such as solar cells and wind turbines has accelerated the growth of the silica flour market in the region.

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COVID-19 impact on global silica flour market
With the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020. The silica flour market has observed a minimal or nominal impact of the pandemic on its demand in 2020-2021. However, the silica flour market faced several difficulties with material supply chain disruptions, and labor shortages, in 2020. In the first quarter of 2021, the market for silica flour has experienced an increase in the demand for silica flour chemicals worldwide, compared to that in 2020.

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