Specialty silica is a very vital component of materials that are abundantly used in various industries such as paints & coatings, agriculture, cosmetics, rubber, food & beverage, electronics, and others. Owing to its characteristics such as abrasion resistance and high tensile strength, silica is widely used in the automobile industry for the production of tires. Silica manufacturers are now focusing on the development of high-performance grade products of specialty silica which is expected to fuel the demand for specialty silica in the next few years.
Market Dynamics
Companies involved in the production of specialty silica are expanding their production capacities in order to meet the growing demand for silica around the globe. Key capacity expansions have been announced in the Asia Pacific region. The growth in demand for precipitated silica and fumed silica in different sectors such as rubber, personal care products, and electronics is anticipated to foster the market growth in forthcoming years.
On the basis of product type, the global specialty silica market is bifurcated into precipitated silica, fumed silica, fused silica, and silica gel and colloidal. Precipitated silica accounted for a substantial market share in 2022, owing to its demand in the automotive industry as a performance additive. Precipitated silica helps in increasing the wear resistance and grip of the rubber used in industries.
Key features of the study:
- This report provides in-depth analysis of global specialty silica market size (US$ Billion and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the global specialty silica market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Solvay SA, Huber Engineered Materials, Madhu Silica Pvt. Ltd. (MSPL), Evonik Industries AG, PPG Industries, Inc., Akzo Nobel NV, Cabot Corporation, Wacker Chemie AG, Nalco Holding Company, and Qingdao Makall Group Inc.
- Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The global specialty silica market report caters to various stakeholders in this industry including investors, suppliers, global specialty silica manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global specialty silica market
Detailed Segmentation:
- Global Specialty Silica Market, By Product Type:
- Precipitated
- Fumed
- Fused
- Silica Gel
- Colloidal
- Global Specialty Silica Market, By Application:
- Rubber
- Plastics
- Ink & Coatings
- Electrical & Electronics
- Agriculture & Feed
- Food & Beverage
- Personal Care
- Others
- Global Specialty Silica Market By Region:
- North America
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
- Asia Pacific
- China
- India
- ASEAN
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- North Africa
- Rest of Middle East & Africa
- Company Profiles
- Solvay SA
- Huber Engineered Materials
- Madhu Silica Pvt. Ltd. (MSPL)
- Evonik Industries AG
- PPG Industries, Inc.
- Akzo Nobel NV
- Cabot Corporation
- Wacker Chemie AG
- Nalco Holding Company
- Qingdao Makall Group Inc.
