IMARC Group, a leading market research company, has recently releases report titled “Specialty Silica Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global specialty silica market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the specialty silica market?
The global specialty silica market size reached US$ 6.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.30% during 2023-2028.
What are the growth prospects and trends in the specialty silica industry?
The primary driver behind the specialty silica market is the elevating use of the product in the automotive industry to improve tire performance and durability, as well as in the production of other automotive components. Additionally, the expanding pharmaceutical segment utilizing specialty silica as a drug delivery system or an excipient for enhancing physical product properties and the increasing adoption of specialty silica in the manufacturing of various personal care products, including toothpaste, antiperspirants, sunscreen, and lipsticks, along with its role as a carrier for flavors and fragrances, viscosity modifier, or anti-caking agent in the food and beverage sector are acting as a significant growth-inducing factor. Moreover, the market is also positively influenced by the rising product demand from the electronics industry to design flat and defect-free surfaces on silicon semiconductors, optical lenses, and sapphire wafers. Besides this, the inflating infrastructure investments across the globe and the emerging trend of employing specialty silica in the production of paints and coatings for improving their durability, scratch resistance, and gloss are expected to catalyze the market in the coming years.
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What is specialty silica?
Specialty silica encompasses a category of high-purity silica products extensively utilized in diverse industrial sectors. It is derived from natural silica or silica-containing materials such as sand or quartz, which undergo multiple chemical and physical processes to attain a high-purity form. What sets specialty silica apart from other silica variations is its distinct properties, meticulously regulated throughout the manufacturing process. These properties encompass particle size, surface area, and porosity, all of which can be customized to meet specific application requirements. Specialty silica enhances the performance, strength, and longevity of several products. Consequently, it finds widespread utilization in rubber and plastics manufacturing, coatings and paints, food and beverage production, pharmaceuticals, and personal care products across the globe.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Product:
- Precipitated Silica
- Fumed Silica
- Fused Silica
- Silica Gel
- Colloidal Silica
Market Breakup by Application:
- Rubber
- Agrochemicals
- Oral Care
- Food Industry
- Desiccants
- Paints and Coatings
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including
- 3M Company
- Cabot Corporation
- Ecolab Inc.
- Evonik Industries AG
- Imerys S.A.
- Madhu Silica Pvt. Ltd.
- Nouryon Holding B.V.
- PPG Industries Inc.
- Solvay S.A
- Tosoh Corporation
- W. R. Grace & Co
- Wacker Chemie AG
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