Press release
Global Specialty Silica Market to reach USD 5.8 Billion by 2023
Silica, a crystalline compound having colorless appearance, is the richest mineral in earth’s crust. Enormous availability of silica and wide-scale applications in end-use industries such as rubber, plastic, and coatings, etc. are some of topographies of the silica compound.
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Market size and forecast
The global specialty silica market is expected to expand significantly at a CAGR of 5.7% over the forecast period i.e. 2016-2023. Further, the global specialty silica market accounted for USD 3.8 Billion in 2015 and anticipated to reach USD 5.8 Billion by 2023. Moreover, the precipitated silica segment is estimated to be the fastest growing segment of overall specialty silica market on account of high demand of specialty silica in rubber sector comprising automotive tires and industrial and mechanical rubber.
The specialty silica market of Asia-Pacific is estimated to dominate the overall market across the globe. The market accounted the largest volume share of 955.6 KT in 2015 in overall specialty silica market across the globe. Rapid expansion of automotive sector and growth in infrastructural facilities in the region are expected to sustain the demand for specialty silica in near future.
Demand Analysis By Market Segmentation
Our in-depth analysis segmented the global specialty silica market in the following segments:
By Product Type
Precipitated Silica
Silicates silica gel/aerogels
Micronized Silica
Nano-silica
Fumed Silica
Colloidal Silica
By Application Type
Automotive
Rubber
Construction
Coatings and inks
Food & Beverages
Electrical & electronics equipment
Others (adhesives, insulation, etc.)
By End-User
Fabrication
Building & construction
Chemical Industries
Plastic Industries
By Region
Global specialty silica market is further classified on the basis of region as follows:
North America (United States /U.S. & Canada)
Latin America (Brazil, Mexico, Rest of Latin America)
Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
Middle East and North Africa (MENA)
Rest of World
Growth Drivers and challenges
The market of specialty silica is majorly driven by the rapid growth in industrial automation and automobile industries. Additionally, increasing infrastructure and building construction in emerging economies, rise in use of silica derivatives in order to manufacture products with better strength and long life, growing trend of green tires and rising concern towards the harmful effects of rubber tires on environment would bid a boost in the demand of the specialty silica in near future.
Contact Key extracts from the Table of Content of Specialty Silica Market 2016-2023 report:
Specialty Silica Market Size and Forecast, 2016-2023
Specialty Silica Market CAGR for the Period 2016-2023
Specialty Silica Market Y-O-Y for the Period 2016-2023
Specialty Silica Market Demand & Supply Analysis
Specialty Silica Market Investment Attractiveness
Specialty Silica Market BPS Analysis
Specialty Silica Market Dynamics – Trends, Drivers, Challenges, and Opportunities
Specialty Silica Market Competitive Landscape Analysis
Specialty Silica Market Investment Proposition, by Geography
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contact us
Ajay Daniel
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