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Specialty Silica Market : Global Demand, Growth Analysis & Opportunity Outlook 2023

Published On : 09:40 AM, 14th September, 2017 REP-ID-191 Category: Chemicals and Materials

Global Specialty Silica Market Overview

Silica, a crystalline compound having colorless appearance, is the richest mineral in earth’s crust. Enormous availability of silica and wide-scale applications in end-use industries such as rubber, plastic, and coatings, etc. are some of topographies of the silica compound.

                     Specialty Silica Market Demand & Revenue Opportunity

Market size and forecast

The global specialty silica market is expected to expand significantly at a CAGR of 5.7% over the forecast period i.e. 2016-2023. Further, the global specialty silica market accounted for USD 3.8 Billion in 2015 and anticipated to reach USD 5.8 Billion by 2023. Moreover, the precipitated silica segment is estimated to be the fastest growing segment of overall specialty silica market on account of high demand of specialty silica in rubber sector comprising automotive tires and industrial and mechanical rubber.

The specialty silica market of Asia-Pacific is estimated to dominate the overall market across the globe. The market accounted the largest volume share of 955.6 KT in 2015 in overall specialty silica market across the globe. Rapid expansion of automotive sector and growth in infrastructural facilities in the region are expected to sustain the demand for specialty silica in near future.

On the other hand, increasing research and development investments to develop cost-effective and less toxic silica derivative in North-America and Europe region are expected to foster the growth of specialty silica in near future. Growing awareness towards green tires and efficient coatings are expected to exhibit a positive impact on the growth of specialty silica market over the forecast period i.e. 2016-2023.

Technological advancements, introduction of various advanced silica derivatives and growing demand of enhanced silica derivatives in various end-use industries in order to manufacture good quality products, rapid growth in urbanization and swelled food & beverages industries across the globe are some of the key factors expected to pave the market growth for the specialty silica market in near future. 

In addition to that, increasing aging population and growing trend towards effective personal care products are expected to drive the demand for beauty products which subsequently would raise the demand for specialty silica in chemical and personal care products industry in near future.

On the other hand, emergence of industrial automation and automobile industries, huge investment in automotive sector and rising use and adoption towards advance silica products are further projected to give a boost to the demand of specialty silica in automotive sector globally.

Demand Analysis By Market Segmentation

Our in-depth analysis segmented the global specialty silica market in the following segments:

By Product Type

  •  Precipitated Silica
  •  Silicates silica gel/aerogels
  •  Micronized Silica
  •  Nano-silica
  •  Fumed Silica
  •  Colloidal Silica

 By Application Type

  • Automotive
  • Rubber
  • Construction
  • Coatings and inks
  • Food & Beverages
  • Electrical & electronics equipment
  • Others (adhesives, insulation, etc.)

By End-User

  •  Fabrication
  • Building & construction
  •  Chemical Industries
  • Plastic Industries

By Region

Global specialty silica market is further classified on the basis of region as follows:

  • North America (United States /U.S. & Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
  • Middle East and North Africa (MENA)
  • Rest of World

Growth Drivers and challenges

The market of specialty silica is majorly driven by the rapid growth in industrial automation and automobile industries. Additionally, increasing infrastructure and building construction in emerging economies, rise in use of silica derivatives in order to manufacture products with better strength and long life, growing trend of green tires and rising concern towards the harmful effects of rubber tires on environment would bid a boost in the demand of the specialty silica in ear future. Moreover, properties such as matte finish, proficient in removing impurities, performance additive nature in terms of tires and colorless appearance makes silica compound and its derivative beneficial in various applications, hence benefitting the global silica market in long run.

Factors such as introduction of advanced silica derivatives, technological advancements in construction and automobile sector, on-going researches to develop more efficient and cost effective  silica derivatives, rising demand of fumed silica owing to its wide scale application in automotive industry are expected to swell the demand for specialty silica market over the forecast period i.e. 2016-2023.

However, high cost of silica derivatives further increase the cost of products, developed landscape of end-use industries resulting less demand, slackening of global economy and high emissions from specialty silica are some of the factors hindering the growth of specialty silica market globally.

Key Players

The key manufacturers of specialty silica market are as follows:

  • Akzo Nobel NV
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • AZ Electronic Materials
  • Cabot Corporation
  • Ecolab Incorporated
  • Fujimi Incorporated
  • Grace (WR) & Company
  • Multisorb Technologies Incorporated
  • Tosoh Corporation
  • Bayer AG

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Specialty Silica Market is segmented as follows:

  • By Product type Market Size and Y-O-Y Growth Analysis
  • By Application type Market Size and Y-O-Y Growth Analysis
  • By End-user Market Size and Y-O-Y Growth Analysis

By Regions

  • North America (United States/U.S., Canada) Market Size and Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
  • Rest of World  Market Size and Y-O-Y Growth Analysis

Market Dynamics

Supply and Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                  Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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