Press release
Industrial Silica Market to receive overwhelming hike in Revenues by 2025
View Full Report:
https://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.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=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.
“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.
Request Brochure of the Report
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13502
On the flip side, health hazards associated with the production of silica flour is negatively impacting the market’s growth.
Global Industrial Silica Market Report is available at US$ 5795 -
http://www.transparencymarketresearch.com/checkout.php?rep_id=13502<ype=S
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.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Silica Market to receive overwhelming hike in Revenues by 2025 here
News-ID: 791508 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for Sil
Worsted Wool Fabrics Market Growth Fueled by 5.7% CAGR Through 2030 | Raymond, Y …
Worsted Wool Fabrics Market Overview -
According to QYResearch New Study Report 'Worsted Wool Fabrics Market 2024' provides a comprehensive analysis of the industry with market insights will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. Finally, this will increase the return rate and strengthen the competitive advantage within. Since it's a personalised market report, the services are catered to…
High Thermal Conductivity SIL PAD Market Expected to Surge: Driving Innovation i …
LOS ANGELES, United States: The global High Thermal Conductivity SIL PAD market is carefully studied in this report that mainly focuses on market dynamics such as drivers, restraints, trends, and opportunities, the vendor landscape, segmentation, and regional advancement. The research study offers quality insights into the nature of competition, products, applications, cost structure, manufacturing strategies, business tactics, and industrial supply chain. It provides SWOT, PESTLE, and qualitative and quantitative analyses…
Membrane Keypad Manufacturing Transformed with Compo-SiL Registered Decorative F …
Silicone Film Technology Allows for Seamless In-Mold Decoration
Hsinchu, Taiwan - July 2nd, 2024 - General Silicones Co., Ltd. (GS), renowned for its comprehensive silicone solutions, announces an innovative application of its Compo-SiL Registered decorative film in the production of membrane keypads. GS introduces enhanced design flexibility, improved durability, and superior hygiene into keypad manufacturing by integrating this sophisticated silicone film with in-mold decoration processes. Demonstrating the practicality and effectiveness of…
Global Release Liner Market Growing Popularity and Emerging - 3M Company, Gascog …
The “Release Liner Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024” A fundamental outline of the Release Liner niche is presented by the Release Liner report that entails definitions, classifications, applications together with industry chain framework. The Release Liner report provides a far-reaching evaluation of necessary market dynamics and the latest trends. It also highlights the regional market, the prominent market players, as well as several market…
Absolute encoder with SIL-CL3 certificate
Johannes Huebner Giessen presents the new series of absolute encoders with SIL CL3 certificate for deployment in applications requiring certified compliance with functional safety requirements. Specifically developed for heavy industry the AMP(H) 41 (PROFIsafe via PROFIBUS DP) and AMPN(H) 41 (PROFIsafe via PROFINET IO) are certified to DIN EN 61508 up to Safety Integrity Level (SIL) CL3 and to EN ISO 13849 up to Performance Level (PL) e. Utilizing these…
SYSGO announces world premiere with PikeOS™ SIL 4 certification on multi-core …
Mainz, October 23, 2013
SYSGO, a leading supplier of software solutions for the world’s most demanding safety and security embedded applications, announces it achieved to certify its PikeOS™ real-time OS and hypervisor within a multi-core platform according to EN 50128 SIL 4. The certificate has been delivered by TÜV-SÜD.
Safety critical systems deployed on a multi-core processor have been so far using only a single core and made the other…
