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Specialty Silica Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Global Specialty Silica Market

Silica or silicon dioxide is chemically a colorless and crystalline compound and is the most abundant mineral in the earth’s crust. Silica is widely found in form of quartz and is the major constituent of sand. It is also found in various living organisms. Specialty silica is used across a wide range of applications such as ink and coatings, rubber, plastic, agriculture and feed, electrical and electronics, personal care, food and beverages, and others. The rubber industry has been one of the leading application segments in the global specialty silica market. Amorphous silica, along with carbon black is used as reinforcing filler in rubber, especially in the manufacturing of tires. In the coming years, the rubber industry is expected to contribute significantly toward the growth of the market.              

The major types of specialty silica are fumed silica, precipitated silica, colloidal silica, silica gel, and fused silica. Fumed silica, better known as pyrogenic silica, contains microscopic droplets of amorphous silica while precipitated silica is produced by precipitating a solution containing silicate salts. In colloidal silica, nonporous, spherical, and amorphous silica particles are suspended in a liquid phase. Silica gel is a granular and porous form of silicon dioxide produced synthetically from sodium silicate. Fused silica is usually added to glass to lower its melting point. Precipitated silica is extensively used in the rubber and inks and coatings industries and is among the largest product segments in the market.                                                                    

Global Specialty Silica Market: Overview                         

Increasing applications of specialty silica in the automotive sector have propelled the growth of the global specialty silica market. Around 20% of the fuel consumption of a vehicle is due to the rolling resistance of tires. Specialty silica is widely used in tires to offer better rolling resistance and traction, thereby making the vehicle more fuel efficient. Rapid expansion of the electronics industry has fueled the demand for silica gel, which is used to absorb moisture from electronic products. All these factors will propel the growth of the global specialty silica market.

However, the availability of greener alternatives to products such as fumed silica is expected to hamper the growth of the market during the forecast horizon. Fumed silica is produced through an energy-intensive and environmentally-hazardous process that releases corrosive hydrogen chloride gas. Greener alternatives to fumed silica are manufactured from bio-wastes such as rice hulls. 

Global Specialty Silica Market: Region-wise Outlook                                          

The global specialty silica market has been segmented into four key regions: Asia Pacific, North America, Europe, and Rest of the World. The growing demand from Asia Pacific is expected to significantly contribute toward the growth of the market during the forecast period. Rise in per capita income across the emerging economies in Asia Pacific has fueled the demand from the automotive sector. Major automotive companies have shifted their focus toward Asia Pacific owing to the rising demand and availability of cheap labor. The rapid growth of the automotive industry has driven the demand for tires which, in turn, has augmented the regional specialty silica market.

Some of the key players in the global specialty silica market are Akzo Nobel N.V., Evonik Industries AG, PPG industries, Nalco Holdings, Wacker Chemie AG, Cabot Corporation, and Qingdao Makall Group Inc. The key players are focusing on increasing their production capacities to meet increasing demand for specialty silica across various end-use industries.    

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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