Key Insights on Competitive Landscape in Global Specialty Silica Market: Ken Research

Few Global Players Dominate the Market despite the Presence of about ~200 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on the Global Specialty Silica Market by Ken Research

Specialty silica is manufactured in the form of round pebbles or fine powders and is further used as key additives in the formulation of several products for various end-use industries such as automotive, electronics, inks, coatings, and personal care products. Silica is a compound of silicon and oxygen (SiO2), two of the most common elements in the earth's crust. Silicon dioxide occurs naturally as agate, sand, quartz, cristobalite, and flint. It is one of the major constituents of dental porcelain, and in granular form serves as a dental abrasive and polishing agent.

For More Information on the Research Report, refer to below links: -

https://www.kenresearch.com/business-research/global-specialty-silica-market-outlook-2028/

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Global Players Constitute ~10% of the Total Number of Competitors, While Country-Niche Players Dominate Representing ~55% of Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the global specialty silica market is competitive with ~200 players, including globally diversified players, regional players, and many country-niche players. The country-niche players comprise about ~55% in terms of the number of companies followed by regional players with ~35% of the total competitors. The players in the industry are manufacturing different types of specialty silica such as precipitated silica, fumed silica, fused silica, silica gel, and colloidal silica to be used in various different applications including rubber, plastic, paint & coatings, electrical & electronics, agricultural & feed, food & beverages, personal care, and others.

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The Rise in the Production of Electric Vehicles (EVs) is expected to be the Primary Driver of the Market.

Detailed comparative analysis of key competitors available within the Research Study shows that major players such as Cabot Corporation, Akzo Nobel N.V., Evonik Industries, Huber Engineered, Materials, Solvay, PQ, and others are highly focused on providing different types of specialty silica products that can be used across multiple end-user industries, including construction, automotive, research, electrical & electronics, and more. Furthermore, several companies and organizations are aggressively focusing on acquisitions and mergers with specialized players to develop different methods used to manufacture specialty silica.

In May 2021, Lion Electric, a Canada-based manufacturer of commercial vehicles constructed its largest medium and heavy-duty EV plant in the country. The company invested US$ 70 million over a period of three years and set up a production plant with a capacity of 20,000 all-electric buses and trucks.
In November 2021, Heraeus, a German manufacturer of specialty chemicals, acquired Korean company HS Advanced Materials Co. Ltd. For the expansion of its portfolio of semi-finished quartz materials. The acquisition helped the company to expand its portfolio and enter into the semiconductor industry.
In August 2019, Evonik Industries AG, one of the leading manufacturers of specialty silica launched a new specialty product Spherilex 145 for the oral care industry. The product is an advanced toothpaste formula with silica ingredients.
The report covers Global Silicon Dioxide Market, Opportunities in Specialty Silica Market, Competitors in Specialty Silica Market, Specialty Silica Startups..

Increased Government Initiatives and New Strategical Investments in the Construction Industry Promoted Silica Products that Led to Major Industry-Wide Developments, Acquisitions, and new production plants set-up in the industry.

An initiative by the USA government to provide affordable homes to its residents, propelled the demand for paints & coatings in the region. For instance, in September 2021, the House Democrats passed the Build Back Better Act, which allocated financial aid of US$ 170 billion for affordable housing. Under the guidelines of the act, the government targets to build over one million affordable homes, which is expected to boost the demand for cement, coatings, rubbers, and other materials.
In September 2022, the government of China announced to invest US$ 1,430 billion in major construction projects till 2025. According to the National Development and Reform Commission (NDRC), Shanghai has a total investment plan of US$ 38.7 billion to construct key infrastructures, whereas Guangzhou, signed 16 new infrastructure projects with the given investment of US$ 8.09 billion.

In May 2021, W. R. Grace and Co. completed the expansion of its manufacturing plant of silica gel in Kuantan, Malaysia. The plant caters to the rising demand from various industries such as biofuel, purification anti-blocking in plastic films and bags, leather, matting furniture, and coils.

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Key Topics Covered in the Report

Snapshot of Global Specialty Silica Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Specialty Silica Market
Historic Growth of Overall Global Specialty Silica Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of Global Specialty Silica Industry
Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
Covid-19 Impact on the Overall Global Specialty Silica Market
Future Market Forecast and Growth Rates of the Total Global Specialty Silica Market and Segments
Analysis of Global Specialty Silica Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

Cabot Corporation
Akzo Nobel N.V.
Evonik Industries
Huber Engineered Materials
Solvay
PQ Corporation
Madhu Silica Pvt. Ltd.
Wacker Chemie AG
PPG Industries, Inc.
W. R. Grace & Co.

Notable Emerging Companies Mentioned in the Report

AeroShield
WaferPro
Ultra HPQ
Ashtamers Pvt.Ltd.
Qingdao Hengze Silica Gel Products Co.,Ltd

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Specialty Silica Manufacturers
Specialty Silica Suppliers
Precipitated Silica Suppliers
Fumed Silica Suppliers
Fused Silica Suppliers
Silica Gel Suppliers
Colloidal Silica Suppliers
Specialty Silica Distributors
Emerging and Startup Companies in Specialty Silica
Different Types of Specialty Silica Research Labs
Government Ministries and Departments of Minerals
Government Departments of Electronics
Ministries and Departments of Paint & Coatings
Importers and Distributors of Specialty Silica

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: -

https://www.kenresearch.com/business-research/global-specialty-silica-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.