Green Silica Market is projected to reach a value of $937.22 million by 2030

In 2022, the Global Green Silica Market was valued at $525.5 million and is projected to reach a market capitalization of $937.22 million by 2030. Over the forecast period of 2023-2030, the market is estimated to grow at a CAGR of 7.5% owing to increasing environmental concerns, government regulations, and the adoption of greener alternatives.

Read More @ https://virtuemarketresearch.com/report/green-silica-market

The green silica market is anticipated to grow significantly due to the increasing use of the product in various end-use industries, such as automotive, paints & coatings, plastic & packaging, food & beverages, and personal care & cosmetics. Government regulations, environmental concerns, and the shift towards greener options are driving the market's expansion.

Although, the COVID-19 pandemic affected the market significantly, due to the disruptions in the demand-supply chains, but major players in the market are focusing on improving their operations to expand their business and lower risks. The shift to online channels to meet the rising demand and investments by governments and market participants worldwide are also driving the market. Green silica is being used more frequently in various end-use industries such as rubber, paints and coatings, personal care, agriculture, and cosmetics among others. The automotive industry is the top application sector for green silica demand due to its widespread use, ongoing tire production, and carbon emission reduction initiatives. The market is also driven by factors such as bio-based products addressing environmental problems, rising consumer disposable income, and increasing urbanization. However, the market might face some limitations due to the availability of silica gel and colloidal silica substitutes at more affordable prices. The market is also predicted to be impacted by the end-use industry's cyclical trends, especially in the automotive sector.

Segmentation Analysis:
The global Green Silica Market segmentation includes:

By Source:
• Bamboo Leaf
• Rice Husk Ash
• Corncob
• Sugarcane Bagasse Ash
• Others

The segments of the green silica market include bamboo leaf, rice husk ash, corncob, sugarcane bagasse ash, and others. Due to its high silica concentration, rice husk ash is regarded as a crucial raw material in the manufacturing of green silica and is anticipated to hold a major share of the total market revenue. It is an environmentally acceptable source of silica utilized in the creation of green silica and a by-product of the milling of rice. Corncob, bamboo leaf, and sugarcane bagasse ash are further sources of green silica that are likewise regarded as ecologically benign since they are created from waste materials and use less energy to produce than conventional silica manufacturing techniques. However, due to the rising consumer demand for environmental-friendly and sustainable goods, the market for green silica is anticipated to expand considerably in the next few years.

Request Sample Copy of this Report @ https://virtuemarketresearch.com/report/green-silica-market/request-sample

By Type:
• Easily Dispersible Silica
• Highly Dispersible Silica

Easily dispersible silica (EDS) and highly dispersible silica (HDS) are the two types of green silica. HDS is widely used to balance wear resistance, chip, rip, cut, and cut-growth resistance while increasing wet traction. EDS, on the other hand, is a white powder kind of superfine silica made using a specialized sol-gel method. It is widely used in a variety of products, including tires, industrial rubber, kitchenware, footwear, paints & coatings, cosmetics, and personal care products. Hence, with the growing automotive sector the demand for EDS is on the rise and is estimated to grow even more in the upcoming years, making the segment dominate the global market. As customers grow more aware of the benefits of Eco-friendly and sustainable products, the demand for green silica is anticipated to increase in the next years.

By Application:
• Tires, Paints & Coatings
• Industrial Rubber
• Plastic & Packaging
• Food & Beverages
• Animal Feed Ingredients
• Cosmetics
• Personal Care
• Others

Tires, Paints & Coatings, Industrial Rubber, Plastic & Packaging, Food & Beverages, Animal Feed Ingredients, Cosmetics, Personal Care, and Others are just a few of the application categories that make up the Green Silica Market. Due to the significant demand for green silica in the production of vehicle tires, the Tires segment is anticipated to dominate the market. Due to its high modulus, high tear strength, and chemical inertness, green silica is widely used in the paint and rubber industries as well.

Regional Analysis:
The green silica market can be divided into four regions: North America, Europe, Asia-Pacific, and the rest of the world. The Asia-Pacific region currently holds the largest market share, and it is predicted that this region will expand significantly throughout the forecast period as a result of the material's increasing demand across a range of end-use industries, including automotive tires, cosmetics, industrial rubber, and paints and coatings. Countries like China, South Korea, and India, which use green silica at high market prices, are in charge of this growth due to their expanding infrastructure and electronic industries. The demand for green silica in Europe is primarily driven by the growth of the automotive sector, particularly in Germany. North America currently holds the second-largest market share as a result of the growth of the electric vehicle industry and rising consumer demand for rubber tires that perform exceptionally well. Due to its exceptional toughness and heat-resistance properties, which are highly sought after in nations like Brazil, Argentina, and Mexico for industrial uses, the global market for green silica is predicted to grow quickly in the region. Additionally, the Middle East and Africa's rising demand for green silica is anticipated to fuel the market's growth during the forecast period.

Customize the Full Report Based on Your Requirements @ https://virtuemarketresearch.com/report/green-silica-market/customization

Latest Industry Developments:
• In April 2022, ORYZASIL made the first LED lights built from rice husks available to the general public. These lights are created using the same natural silica material that the business utilizes to create its specialty goods. With this, the company's initiatives to support environmentally friendly and sustainable goods have achieved a compelling turning point.

• In March 2022, as part of their rebranding strategy, BSB Nanotech announced that they had changed their brand name from Biosil to Biosilico. Fostering customer identification with their brand will support their commitment to expanding globally.

• In October 2022, Amyris, a pioneer biotechnology company, successfully floated two new consumer brands: Stripes and EcoFabulous. These brands showcase Amyris's commitment to sustainable and responsible production and offer a wide range of products that are kind to the environment and safe for consumers.

Virtue Market Research is a strategic management firm helping companies to tackle most of their strategic issues and make informed decisions for their future growth. We offer syndicated reports and consulting services. Our reports are designed to provide insights on the constant flux in the global demand-supply gap of markets.

Contact Us:

Virtue Market Research
Kumar Plaza, #103, SRPF Rd, Ramtekadi, Pune, Maharashtra 411013, India
E-mail: megha@virtuemarketresearch.com
Phone: +1-917 436 1025

This release was published on openPR.