Specialty Silica Market global size is expected to value at USD 4.43 billion by 2022. The market is subject to witness a substantial growth credited to the rising demand in the automotive as well as paints & coatings sector, and growing need for precipitated silica in the packaged food industry. Some of the key factors attributing to the growth of the specialty silica industry are constant demand of specialty silica in different industrial applications such as rubber, packaged food industry, healthcare sector, paint & coatings sector, production of plastics and abrasives.
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Market Synopsis of Specialty Silica Market:
Significant demand for the
specialty silica in production of rubber and a few other industries to achieve
high performance level is propelling growth of the specialty silica market in
recent years. The use of the precipitated silica provides numerous advantages
such as superior wear resistance and wet grip during manufacturing of the tires
to offer superior performance. Subsequently, expansion of the automotive
industry in the developing and underdeveloped economies is further expected to
drive growth of the market in coming years.
Globally, the specialty silica
industry is predicted to grow at a high CAGR in the forecast period, providing
numerous opportunity for market players to invest for research and development
in the market. Additionally, increasing personal expenditure, and rising
penetration in various market segments alongside number of latest product
launches across different regions of the globe are the key aspects driving the
market progress over forecast period. The use of specialty silica is
significantly prominent in cosmetics industry as well. Launch of latest set of
products with distinct product format and numerous technological advancement in
the specialty silica market is boosting industry growth in coming years.
Adoption of specialty silica for
production of variety of perfumes and colognes is on the rise, thereby
expanding market reach. Similarly, paint and coating market segment is
anticipated to gain maximum traction over the forecast period. The application
of fumed silica in paint and coating market involves management of rheological
properties similar to this otroping drivers, anti-settling drivers and to
provide required safety from erosion and oxidation over period of time. The
common type of specialty silica such as fumed silica consist of a substantial
amount of surface area which is highly preferred in paint and coating industry
segment, making the industry most vibrant in the consummation of the specialty
silica.
Though the growing presence of
substitutes material is one of the critical factors limiting the progress of
the specialty silica industry. The use of materials such as carbon black in
tire and automotive sectors is further restraining the market growth. Carbon
black is considered as a refined chemical that is produced by smoldering
hydrocarbons along with regulated quantity of air. Yet, environmental-friendly
properties of silica over carbon black, is allowing revolution of the market in
the automotive sector.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Specialty Silica:
Market Variables, Trends & Scope
Chapter 4 Specialty Silica:
Product Estimates & Trend Analysis
Chapter 5 Specialty Silica:
Application Estimates & Trend Analysis
Chapter 6 Specialty Silica:
End-use Estimates & Trend Analysis
Chapter 7 Specialty Silica:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Specialty Silica:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Specialty Silica:
Manufacturers Company Profiles
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