Global Silicon Dioxide Market: Overview
Silicon dioxide also commonly known as silica is a chemical compound which is abundantly found in earth’s crust derived from reaction between silica and oxygen. Silicon dioxide is present in natural as well as synthetic form. Due to ubiquitous nature of silicon dioxide it is abundantly formed in various forms such as crystalline, amorphous among others. The most popular crystalline form of silicon dioxide is quartz which is commonly found in granite and is also main component of sandstone. Due to abundance presence of silicon dioxide, it finds application across different industries such as pharmaceutical, chemical and food among others. The most common form used for the industrial purposes is amorphous silica nanoparticles which predominantly used across different industries due to its peculiar physiochemical properties. It is also used as primary oxide material in the formation of glass and ceramics.
Global Silicon Dioxide Market: Drivers and Restraints
Abundance functionality and occurrence of silicon dioxide is primarily driving the market of silicon dioxide. Silicon dioxide is used across different industries. In food industry, the most widespread use of silicon dioxide is that of anti-caking agent, due its property to absorb excess moisture and thereby, prevents the sticking of the ingredients together. Therefore, it is predominantly used in the manufacturing of spices, salt and chilli powder among other products as it prevents their clumping. Furthermore, it can also be used as anti-forming agent which is used production of beer and wine to remove yeast and protein form it. Moreover, due to its anti-caking property, silicon dioxide is also abundantly used in the manufacturing of health supplements as it prevents the sticking of ingredients without interfering with other active ingredients. Hence, extensive applicability portfolio of silicon dioxide is propelling the market growth. Certain peculiar properties such as removal of unwanted impurities, protection against diffusion of dopants and high temperature stability significantly influences the silicon dioxide market. Owing to these properties, it is abundantly used in the formation of semiconductor, circuit boards, piezoelectric and refractory material among others. Thus, pervasive application of silicon dioxide is spurring the demand for silicon dioxide.
However, silicon dioxide has also been associated with occupational hazards. Direct exposure to silicon dioxide may lead to silicosis, which is a lung disease caused due to excessive inhalation of crystalline silica particles over a longer period of time. Thus, affecting the market growth of crystalline form of silicon dioxide particularly in glass manufacturing, mining sector where there is significant exposure
Global Silicon Dioxide Market: Segmentation
On the basis of form, silicon dioxide market is segmented into:-
On the basis of source, silicon dioxide market is segmented into:-
On the basis of industry, silicon dioxide market is segmented into:-
- Food & Beverage
On the basis of application, silicon dioxide market is segmented into:-
- Adhesives and sealants
- Food additives
- Printing and packaging
Global Silicon Dioxide Market: Region wise Outlook
The global silicon dioxide market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Japan Latin America and, North America. North America holds the major share in the global silicon dioxide market. With robust technological development combined with widespread applicability of silicon dioxide across industries is spurring the growth of the market. The silicon dioxide market in Western Europe is expected to expand at substantial growth rate. However, with associate health hazards and stringent regulation is Europe, the growth prospects of silicon dioxide may get affected during the forecast period. The APEJ silicon dioxide market is capitalizing on the opportunity of new product portfolio derived from silicon dioxide. Owing to availability of resources and opportunistic investment platform in APEJ is expected to spur the market growth of silicon dioxide.
Global Organic Hair Care Market: Key Players
Some of the key players identified in the global silicon dioxide market includes: Sigma-Aldrich Co. LLC., Alufluor AB, Gelest, Inc., American Elements, Golovach Quartz, Evonik Industries AG, Tosoh Silica Corporation, Kurt J. Lesker Company, Sinosi Group Corporation, Cabot Corporation
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.