Global Specialty Silica Market Trend Demand Information-by Product Type (precipitated silica, fused silica, fumed silica, silica gel, colloidal silica), by Application (rubber, electronic components, agriculture, paints & coatings, food & beverage, person

Market Research Overview:

The market of specialty silica is growing rapidly due to rise in demand from industries where its application is more such as rubber, electronic components, agriculture, paints & coatings, food & beverage, personal care & cosmetics and others. Rubber industry is the major application segment of global specialty silica market owing to usage of rubber in industrial tools, automotive tires and equipment’s. Rise in demand of green tires in countries like North America and Europe drives the specialty silica market growth and is expected to continue this in future. Other applications such as paints & coatings and personal care & cosmetics is also expected to drive the demand for specialty silica market in future owing to properties of silica such as acting as a catalyst, absorbents and abrasive.

Specialty silica is mainly used as an in tires for improving its capability of being used continuously and reducing emission of carbon. It’s also used in newly innovated green tires which helps automobile industry to improve vehicle’s performance through less consumption of fuel. Moreover, for production of green tires, specialty silica is used in the automobile industry which drives the market growth and is expected to continue doing this in future as well. Electronic industry has increased the usage of specialty silica as it is being used in manufacturing capacitors and circuits along with these it is also used to absorb moisture from electronic components; all these are driving the global specialty silica market.

The market is classified and analyzed on the basis of various geographic segmentation which includes Americas, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific accounts for largest market share owing to rise in automotive, paints & coating and rubber industry in China & India. Paints & coatings market is growing rapidly in China due to increase in government’s expenditure in infrastructure. Rapid industrialization and high rate of consumption coupled with changing lifestyle of consumers in North America is driving the demand for specialty silica in the electronic industry. Increase in R&D investment coupled with product development will open opportunities for manufacturers in future. Growing automobile industry in Germany is expected to propel the demand for specialty silica market in Europe.

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Market Highlights:

The global specialty silica market in 2016 was USD 5.1 billion and is expected to grow at the CAGR of 6.1% between which has started since 2016 and is expected to continue till 2022.

Specialty silica is found in silicon dioxide which is available in market as precipitated silica, fumed silica, silica gel, fused silica and colloidal silica. Applications of these are numerous according to different purposes. Specialty silica is highly preferred for manufacturing tires owing to reduce emission of carbon. It acts as performance additive in tires leading to achieve lower rolling resistance. Thus, allowing vehicle to run smoothly with prevents less consumption of fuel. In personal care & cosmetics, specialty silica provides UV protection and acts as matting agent to protect skin. Other application like food & beverages, it acts as anti-caking agents and helps impurities from entering food. All these properties of specialty silica are expected to have a positive impact on the growth of the growth over the forecasted period.
Precipitated silica is used in food & beverages, cosmetics, oral care and automotive tires. Thus, huge application of precipitated silica helps to drive the specialty silica market growth.

Fumed silica is anticipated to grow at a significant rate owing to growing electrical and paint & coating industry. Automobile industries in India and China are demanding high usage of green tires as it consumes less fuel which is expected to drive the demand for fumed silica in coming years. Growing demand of paints & coatings used in construction and equipment industry is driving the overall market of specialty silica. Colloidal silica and fused silica are used in refractories and are expensive in nature. Easy availability of cheaper substitutes such as silica gel is a preferred option for small and medium buyers. These can open an opportunity for small and medium buyers who are engaged in development of low priced colloidal and fused silica.

Global Specialty Silica Market Key Players:

Evonik Industries,
Akzo Nobel N.V.,
Cabot Corporation,
Wacker Chemie AG,
PPG Industries Inc.,
Huber Engineered Materials,
Solvay S.A.,
W. R. Grace & Co.,
Nalco Holding Company,
Madhu Silica Private Limited

Segmentation:

The global specialty silica market is majorly segmented on the basis of product types and application. Based on types of specialty silica, the market is segmented into precipitated silica, fused silica, fumed silica, silica gel, colloidal silica. Similarly, on the basis of application the market is classified into rubber, electronic components, agriculture, paints & coatings, food & beverage, personal care & cosmetics and others.

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