Silica Flour Market - Snapshot
Silica flour is a finely ground silica sand that offers superior purity and very high silica content of around 98.0% or above. Silica sand mined from reserves is processed to obtain silica flour. Mined silica sand is washed, attritioned, scrubbed, hydraulically sized using mills with sieves of various mesh sizes, and dried to obtain different sizes of silica flour. A commonly used mesh size range for grinding silica sand is 50 mesh to 550 mesh. Silica flour ground using mesh size ranges of 100–200 mesh and 200–325 mesh are highly preferred for applications such as fiberglass, oil well cementing operations, sodium silicate, etc. These are among the major application segments of silica flour. There is comparatively high demand for silica flour produced using a mesh size of 100–325. The global silica flour market is likely to expand at a significant rate during the forecast period, owing to growth in end-user industries such as fiberglass, oil & gas, etc.
Oil well cementing is a major application of silica flour. Silica flour is added to the cement used for oil well cementing operations in order to maintain its permeability and physical strength. Silica flour constitutes around 30% of the cement used for oil well cementing operations. Price of crude oil has started rising since December 2017 and has surged to an average of more than US$ 70 per barrel for the third consecutive month in June 2018 from an all-time low of US$ 30 per barrel in early 2016. This is likely to fuel oil and gas production, thereby driving the growth of the oil & gas industry. Most countries in the Middle East, which are oil-based economies, are anticipated to benefit from the increase in oil prices. The countries, which are facing a downturn as a result of a lull in the oil & gas industry, are expected to witness a revival in their economies due to the increasing crude oil prices. This is anticipated to boost the number of wells drilled, resulting in higher crude oil production. This is likely to fuel demand for silica flour in oil well cementing operations. Also, in North America, there is an increase in activity in the oil & gas sector. This is resulting in the drilling of more oil and gas wells, leading to increased use of silica flour for oil well cementing operations. The oil & gas industry is expected to expand at a steady rate in the near future, thereby driving the silica flour market during the forecast period.
Inhalation of very fine silica particles, also known as ‘respirable crystalline silica,’ leads to silicosis, an incurable lung disease that can lead to permanent disability and death. Inhalation of silica flour also leads to lung cancer, chronic obstructive pulmonary diseases, and kidney diseases. Inhalation of silica flour is inevitable in case of workers involved in production processes employing silica flour. The general population comes in contact with silica flour through the products manufactured using silica flour. Around 2.3 million workers are exposed to silica flour and other forms of very fine particles of crystalline silica worldwide. Operations such as cutting; sawing; grinding; drilling; and crushing stone, rock, concrete, block, etc. create respirable dust, which is released into the air. This leads to inhalation of respirable crystalline silica, causing serious health hazards. These health hazards are likely to restrain the silica flour market in the near future until a safe and secure way of handling silica flour is developed that can avoid the chances of respirable silica.
The silica flour market has been segmented based on application and region. Based on application, the silica flour market has been bifurcated into sodium silicate, fiberglass, cultured marble, reinforcing filler, foundry work, ceramic frits & glaze, oil well cement, glass & clay production, and others. In terms of revenue, the fiberglass segment constituted a major share of the market in 2017. In terms of application, fiberglass is anticipated to be a rapidly expanding segment of the silica flour market during the forecast period.
In terms of region, the silica flour market has been classified into Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the silica flour market in 2017. This trend is estimated to continue during the forecast period. The region is projected to create lucrative opportunities for the silica flour market in the near future. China is likely to dominate the market in Asia Pacific, led by an expansion in end-user industries, particularly the oil & gas and fiberglass industries in the country. China is a leading country of the fiberglass market. It tops the list of major fiberglass producing as well as exporting countries across the globe. However, fiberglass manufacturers in China are looking to shift their production facilities to countries in Middle East & Africa, Latin America, and North America, owing to the anti-dumping duties imposed by the European Union on the import of fiberglass and related products from China. Expansion in the silica flour market in Asia Pacific can also be ascribed to the high growth potential of the market in India, Japan, and ASEAN countries. The fiberglass industry is a major consumer of silica flour in Asia Pacific.
The silica flour market is moderately fragmented as most suppliers have adopted forward integration for the manufacture of silica flour from silica sand. Key players operating in the silica flour market include SCR-Sibelco N.V., International Silica Industries Company Plc., U.S. Silica Holdings Inc., Adwan Chemical Industries Co. Ltd., and AGSCO Corporation.
Silica Flour Market - Overview
This report analyzes and forecasts the market for silica flour at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (kilo tons) from 2018 to 2026. The study includes drivers and restraints of the global silica flour market. It also covers the impact of 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 comprises a detailed value chain analysis, which provides a comprehensive view of the global silica flour market. The 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 application and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for silica flour in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also encompasses demand for individual application segments in all the regions.
The study includes profiles of major companies operating in the global silica flour market. Major market players in the market include SCR-Sibelco N.V., International Silica Industries Company Plc., U.S. Silica Holdings Inc., Adwan Chemical Industries Co. Ltd., and AGSCO Corporation. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The silica flour market is primarily driven by an increase in crude oil prices, resulting in the increased use of silica flour for oil well cementing operations and expansion in the fiberglass industry. Several economies, such as those of the countries in Middle East, U.S., and China, are expected to benefit due to a rise in crude oil prices, which are anticipated to bring about rapid growth of the oil & gas industry and, in turn, boost demand for silica flour in oil well drilling operations. Furthermore, the companies Saudi Aramco and Saudi Arabian Basic Industries Corp. have signed an MoU for the development of a fully integrated crude oil to chemicals complex in Saudi Arabia. The plant is expected to process around 400,000 barrels/day of crude oil to produce about 9 million tons/year of chemicals and base oil. This is anticipated to boost the production of crude oil in the region in the near future, thereby driving the oil well cementing segment.
The report provides an estimated market size of the silica flour market for 2017 and forecast for the next nine years. The size of the global silica flour market has been provided in terms of revenue and volume. Market numbers have been estimated based on key application and regional segments of the silica flour market. Market size and forecast for each major segment have been provided in terms of global and regional/country markets.
Key Takeaways of the Study
- Extensive analysis of the silica flour market trends and shares from 2017 to 2026 to identify market opportunities and industry development
- Studies consumption of silica flour by region and provides a list of manufacturers
- Identifies key factors responsible for upcoming opportunities for the silica flour market at a global, regional, and country level
- Comprehensive analysis with respect to investments and price trends that are likely to impact the market outlook and forecast of the global silica flour market between 2018 and 2026
- Insights on market opportunities for various stakeholders in the value chain and detailed competition landscape for key players dominating the market to understand competition level
- Porters’ Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and analyze the strengths and weakness of competitors in order to gain a strategic position in the market
The global silica flour market has been segmented as follows:
Global Silica Flour Market, by Application
- Sodium Silicate
- Cultured Marble
- Reinforcing Filler (Plastics, Rubbers, Paints & Coatings, etc.)
- Foundry Work
- Ceramic Frits & Glaze
- Oil Well Cement
- Glass & Clay Production
- Others (Pharmaceuticals, etc.)
Global Silica Flour Market, by Region
- North America
- Russia and CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa