The demand for silica flour has been increasing significantly, thanks to the rise in construction activities across the world. The rapid industrialization as well as urbanization has influenced the global construction industry considerably, fueling the application of glass and fiberglass. Since silica flour plays a major role in the production of glass and fiberglass, its demand has soared worldwide. Analysts project this trend to continue over the next few years.
The opportunity in the global silica flour market stood at US$338.1 mn in 2014. Expanding at a CAGR of 7.0% during the period from 2015 to 2023, it is expected to reach US$618.0 mn by the end of 2023.
Asia Pacific to Remain Dominant Consumer of Silica Flour
The global silica flour market can be geographically segmented into Asia Pacific, North America, Latin America, Europe, and the Rest of the World. Asia Pacific, among these, has emerged as the key consumer of silica flour due to the rise in the glass and fiberglass industries. In 2014, the region accounted for a share of nearly 47% in the overall market. Experts project Asia Pacific to retain its position during the period from 2015 to 2023.
North America and Europe closely followed Asia Pacific in 2014. However, both the regions are anticipated to experience a decline in their market shares, registering moderate growth rates over the next few years. The recent economic slowdown and the sluggish pace of the recovery is the key factor that will affect the demand for silica flour in both the regions in the years to come. In similar fashion, Latin America is also expected to witness a declining demand for silica flour with market share dropping to 2.7% by 2023.
On the other hand, the Middle East and Africa market is likely to exhibit a remarkable rise in the demand for silica flour in the near future. The rising urbanization in the countries in the Middle East and Africa, such as Brazil, Argentina, and Chile, is expected to increase construction activities. As a result, the demand for glass and fiberglass will increase significantly in the coming years, creating the demand for silica flour.
Rising Application of Fiberglass in Construction Activities to Fuel demand for Silica Flour
Oilwell cements, foundry work, reinforcing filler, additive, fiberglass, sodium silicate, ceramic frits and glaze, cultured marble, glass and clay production, and pharmaceutical applications are the prime application areas of silica flour. Among these, the demand for silica flour is the strongest in the production of fiberglass.
In 2014, fiberglass accounted for a share nearly 30% in the overall consumption of silica flour. The demand for silica flour in the fiberglass segment is highly driven by the growing application of fiberglass as a construction and insulation material. Analysts at TMR expect this segment to remain the leading consumer of silica flour, supported by the exponential surge in construction activities across the world.
The demand for silica flour is also expected to witness a rise in the glass and clay production segment in the near future. Glass production, particularly, is likely to exhibit significant demand for silica flour over the coming years. The growing requirement for technically advanced glass in consumer electronics, such as television, mobile phones, and laptops, is anticipated to boost the application of silica flour in the production of glass.
The global market for silica flour is led by Premier Silica LLC, U.S. Silica Holdings Inc., and SCR-Sibelco N.V. In 2014, these players held a share of around 32% in this market. Some of the other prominent participants in this moderately fragmented market are Opta Minerals Inc., Sil Industrial Minerals Inc., Saudi Emirates Pulverization Industries Co., FINETON Industrial Minerals Ltd., Delmon Group of Co., and AGSCO Corp.
This report analyzes and forecasts the market for silica flour at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023. The study includes drivers and restraints of the global silica flour market. It also covers the impact of these drivers and restraints on demand for silica flour during the forecast period. The report also highlights opportunities in the silica flour market at the global and regional level.
The report includes a detailed value chain analysis, which provides a comprehensive view of the global silica flour market. Porter’s Five Forces Model for the silica flour market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global silica flour market by segmenting it in terms of applications. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report also covers demand for individual applications in all regions.
The study includes profiles of major companies operating in the global silica flour market. Key players profiled in the report include SCR-Sibelco N.V., Premier Silica LLC, International Silica Industries Company Plc, U.S. Silica Holdings Inc., Sil Industrial Minerals Inc., Adwan Chemical Industries Co. Ltd., Delmon Group of Companies, Opta Minerals Inc., Al Marbaie Est., Saudi Emirates Pulverization Industries Company (SEPICO), Hoben International Limited, Short Mountain Silica, AGSCO Corporation, Al-Rushaid Group, and FINETON Industrial Minerals Limited. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report provides the estimated market size of silica flour for 2015 and forecast for the next eight years. The global market size of silica flour is provided in terms of both volume and revenue. Market volume is defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on key applications of silica flour. Market size and forecast for each major application is provided in terms of global and regional markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva, and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report segments the global silica flour market as follows:
Silica Flour Market - Application Analysis
- Sodium silicate
- Cultured marble
- Reinforcing filler
- Foundry work
- Ceramic frits & glaze
- Oilwell cements
- Glass & clay production
- Others (Including pharmaceutical applications)
Silica Flour Market - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- Saudi Arabia
- GCC (Excluding Saudi Arabia)
- South Africa
- Rest of MEA