Specialty Silica Market is Projected to Record a Robust CAGR of 5.8% by 2026

Specialty silica demand will continue to be strong in 2016, fuelled by its wide-ranging applications in the rubber and plastics industry. Global demand will reach 3,188.1 KT (thousand tonnes) in 2016, up by 3.7% y-o-y, representing market value worth US$ 5.6 Bn.

Rubber industry will continue to be the largest application segment for specialty silicas in 2016, accounting for 1,933.0 KT. Use of specialty silica in tyre manufacturing will drive demand, as focus on improving fuel-efficiency of automobiles continues to gain momentum. Plastics will be the second largest application segment, representing a revenue share of 8.8% in 2016.

View and Download TOC of Specialty Silica Market Research Report @ https://www.futuremarketinsights.com/reports/specialty-silica-market/toc

Precipitated silica will continue to witness the highest demand on the basis of product type, with total consumption set to reach 2,280.3 KT in 2016. Precipitated silica is a highly sought-after performance additive in tyre manufacturing, representing 70.7% worth of revenues in 2015. By 2016, global precipitated silica revenues are anticipated to reach US$ 3,997.5 Mn.

Asia Pacific excluding Japan (APEJ) will remain the largest specialty silicas market in 2016, accounting for 1,315.8 KT in volume. High demand for speciality silica from the rubber sector, including footwear, industrial & mechanical rubber, and automotive tyres will continue to create sustained demand for specialty silica in the region.

China is expected to continue its dominance as a major supplier for specialty silica in the global market in 2016 and beyond. To cater to the rising demand, China-based manufacturers are ramping up their production capacity. Global companies are following suit by setting up manufacturing bases in China. While regional Chinese players are increasing their capacity for conventional silica, global players are focusing on high-performance product grades, such as highly dispersible silica (HDS) that require use of advanced technical manufacturing process.

Request and Download Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-577

Evonik AG, Solvay SA and Huber Engineered Materials are the leading players in the specialty silica market. These players are highly focused in expanding their market shares for high-end products and applications. This strategy of these players has made the market for high-performance products extremely consolidated. For instance, Solvay SA alone supplies over 50% HDS that’s currently in use for manufacturing fuel-efficient tyres.

Buy Full Specialty Silica Market Report @ https://www.futuremarketinsights.com/checkout/577

ABOUT US:

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:

Future Market Insights

616 Corporate Way, Suite 2-9018,

Valley Cottage, NY 10989,

United States

T: +1-347-918-3531

F: +1-845-579-5705

Email: sales@futuremarketinsights.com

Website: www.futuremarketinsights.com

This release was published on openPR.