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Industrial Silica Market Market Analysis and Forecast, By Country 2017-2025

Industrial Silica Market Market Analysis and Forecast,

The presence of numerous large, medium, and small size players makes the global industrial silica market fragmented in nature. Some prominent participants in the market include Premier Silica LLC, International Silica Industries Company plc, Sil Industrial Minerals Inc., U.S. Silica Holdings Inc., Delmon Group of Companies, Adwan Chemical Industries Co. Ltd., Opta Minerals Inc., Al Marbaie Est., Saudi Emirates Pulverization Industries Company, AGSCO Corporation, Short Mountain Silica, Al-Rushaid Group, and FINETON Industrial Minerals Limited.

Browse Market Research Report: http://www.transparencymarketresearch.com/industrial-silica-sands-market.html

As per a report by Transparency Market Research, the global industrial silica market was evaluated at US$18.75 bn in 2016. Expanding at a CAGR of 6.6% between 2017 and 2025, the market is projected to become worth US$32.98 bn by 2025.

Fiberglass to remain Significant Application Segment

The major segments of the industrial silica market depending upon application are sodium silicate, fiberglass, culture marble, additive reinforcing filler, foundry, ceramic frits & glaze, oilwell cements, glass and clay production. Of them, fiberglass held more than 25% of the overall market in 2016 volume-wise. Fiberglass, additive reinforcing filler, and glass and clay applications are anticipated to majorly drive the market over the forecast period.

View and Download TOC of this Report @ http://www.transparencymarketresearch.com/report-toc/13502

In 2016, Asia Pacific led the market with a share of more than 40% by both revenue and volume. The region was trailed by North America in terms of volume in the same year. The Middle East and Africa and Latin America are expected to collectively hold more than 8% share of the market by 2025.

Surging Demand for Fiberglass across Industries Propels Market

At the forefront of driving the global industrial silica market is the rising demand for industrial silica for production of fiberglass. Fiberglass is used across several end-use industries owing to its excellent mechanical properties such as low weight, high strength, and resistance to corrosion and heat. Due to these properties, several governments such as in China are providing subsidies for fiberglass production. As a result, the fiberglass glass market and the industrial silica market is receiving a fillip. Fiberglass are very thin elements of glass that are generally woven in the form of a mat.

Get accurate market forecast and analysis on the Industrial Silica market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13502

“At present, the expanding construction sector that accounts for a significant demand for fiberglass for insulation needs is having a positive impact on the industrial silica market. Further, wind turbines account for significant demand for fiberglass as installation rate of wind turbines and demand for renewable energy is at an all-time high across the world. Oil well cementing operations in the oil and gas industry holds significance for the growth of industrial silica market. The cementing of oil wells is best carried out with a blend of amorphous, spherical, micro-silica in combination with industrial silica that can sustain higher temperatures,” says the lead author of the report.”

Another prominent growth driver of the industrial silica market is the demand for industrial silica from steel foundries. Industrial silica possesses several beneficial properties such as high purity, chemical inertness, consistent particle size and shape, and compatibility with chemical binders, which is anticipated to boost the demand for industrial silica in the foundry industry. Thus, growth in the foundry industry is serving to boost the industrial silica market.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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