Cristobalite Market Segments, Top Key Players, Drivers And Trends 2022

According to Precision Business Insights (PBI), the latest report, the cristobalite market is expected to be valued at USD 39.2 million in 2022 and is poised to grow at a significant CAGR of 4.4% over 2022-2028. The primary drivers of the expansion of the global cristobalite market include the rapidly growing construction industry, urbanization, the rising scope of its various application in the woodworking industry, and the demand for cristobalite in paint and coating applications.

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Paints & Coating Industry to Dominate the Cristobalite Market:
The paints and coatings industry held a significant market share in 2021 and is expected to maintain the trend in the following years. Apart from artificial marble and ceramics, cristobalite is used to produce industrial coatings, road marking paints, and metallurgy. Quarzwerke, a global company, is increasing its portfolio with natural resources such as cristobalite, which is in high demand for road marking paints since cristobalite acts as a high-brightness filler. Global key players in the cristobalite market are increasing their production capabilities through new plants or mergers, and acquisitions.

Asia Pacific Cristobalite Market:
The Asia Pacific market is expected to increase in the global cristobalite market over the forecast period. The Asia Pacific market is expanding as a result of the increasing consumption amount, rapid urbanization, and rise in demand for cristobalite. China and India are major consumers of cristobalite due to the high production of paints and coatings, plastics, and adhesives. North America held a considerable market share during the estimated period owing to the growing glass and ceramic industry.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global cristobalite market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In July 2022, Sibelco acquired Echasa SA, a mining company active in the extraction of silica sand at Laminoria Quarry, near Vitoria, in the Basque Country of northern Spain.

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The cristobalite market is segmented based on form, application, and geography.
Based on the form, the market is segmented into the following:
• Sand
• Milled Flour
• Others

Based on the application, the market is segmented into the following:
• Artificial Marble
• Glass & Ceramics
• Paints & Coatings
• Foundry Castings
• Metallurgy
• Industrial Chemicals
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the cristobalite market report are Sibelco, Hoben International Limited, GoldStar Powders India, Quarzwerke, CED process minerals, Silmer, Guangxi Weisidun, Heraeus, Jinyu Advanced Material, Lianyungang Changtong Silica Powder Company, and US Silica holdings.

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