Press release
Global Industry Analysis of Specialty Silica Market Estimated to Reach US$ 7.32 Bn by 2024 - Forecast Market Size and Growth
Global Specialty Silica Market: Overview
Specialty silica is silicon dioxide, which is majorly available in the form of quartz in nature. The five basic type of specialty silicas available in the market are: precipitated silica, fumed silica, fused silica, silica gel and colloidal silica. specialty silica are employed in various applications such as rubber, crop protection, paints & coatings, electronic components, food & beverage, animal feed, plastics, personal care & cosmetics, textile, paper, refractories and others. Rising demand for specialty silica in the tire industry in various regions is likely to propel the specialty silica market in the near future. Specialty silica are also used in paints & coatings, electrical & electronic, and other applications industries. Demand for specialty silica is projected to increase significantly in the next few years considering the extensive growth of the global rubber and microelectronics market.
Asia Pacific dominates the specialty silica market in terms of production and demand. Countries such as China, India, Japan, and South Korea are expected to be the key consumers of specialty silica. North America is the second largest consuming region.
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Availability of inexpensive substitutes for products such as colloidal silica and silica gel is expected to hamper the specialty silica market in the forecast period. Furthermore, sluggish growth of end-user industries such as paper, cat litter and paints & coatings in the developed regions such as Europe is expected to hinder the specialty silica market in the near future. These factors are projected to unfavorably affect market growth during the forecast period.
Global Specialty Silica Market: Research Methodologies
This report analyzes and forecasts the market for specialty silica at the global and regional level. The market has been forecast based on volume (KILO TONS) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global specialty silica market. It also covers impact of these drivers and restraints on demand for specialty silica during the forecast period. The report also highlights opportunities in the specialty silica market at the global and regional level.
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Table of Content
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. Global specialty Silica Market Size, By Market Value (Us$ Bn) And Market Value Share, By Region
3.2. Key Trends
4. Market Overview
4.1. Product Overview
4.2. Key Industry Developments
4.3. Market Indicators
4.4. Drivers and Restraints Snapshot Analysis
4.4.1. Drivers
4.4.1.1. Increasing Demand For Green Tires
4.4.1.2. Increase In Demand For Fumed Silica Due To Advancements In CMP process
4.4.1.3. Growing Cosmetics & Personal Care Industry
4.4.2. Restraints
4.4.2.1. Availability of inexpensive substitute
4.4.2.2. Sluggish growth in paper & cat litter industry
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