Specialty Silica Market Trends, Analysis, Application & Type Forecast to 2024

As per a market intelligence publication released by Transparency Market Research, the global specialty silica market is expected to hold an increasingly intensifying rate of competition over the coming years. The current player landscape of the global specialty silica market shows a moderately consolidated structure with a medium to low presence of key global players. Meanwhile, the demand for specialty silica is increasing and the entry barriers for new players are low. The low initial investments required to initiate the manufacture of specialty silica is expected to encourage new entrants over the coming years. The global specialty silica market is expected to be valued at US$4.62 bn by the end of 2016. Between 2016 and 2024, this market’s value is expected to expand at a CAGR of 5.9% and reach US$7.32 bn by the end of 2024. In terms of volume, the global specialty silica market is expected to reach 5,185.0 kilo tons in 2024.

View Full Report: https://www.transparencymarketresearch.com/specialty-silica-market.html

Asia Pacific in 2015 was the dominant region among all key regions within the global specialty silica market with a hold over 45% of the market’s value. It is expected that Asia Pacific continue to lead the global specialty silica market over the coming years while also experiencing a substantial growth rate in demand and production. In terms of speed of growth in the global specialty silica market, both Asia Pacific and North America will continue to show high levels of promise for players to expand their revenue generation scales. Both regions currently hold a booming automotive industry in terms of demand for vehicles as well as production rates, upping the overall consumption rate of specialty silica.

The global specialty silica market has so far shown a moderately consolidated competitive landscape, with the leading players accounting for more than 50% of the market’s value. The list of key players in the market so far includes the names Cabot Corporation, Evonik Industries AG, PPG Industries, Inc., Wacker Chemie AG, Huber Engineered Materials, Tokuyama Corporation, Solvay S.A., Akzo Nobel N.V., and W. R. Grace & Co.

Report Overview, with TOC - https://www.transparencymarketresearch.com/report-toc/11183

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This release was published on openPR.