Global Cristobalite Market to Register a CAGR of More Than 5% During 2019-2027


Posted June 19, 2019 by dmTMR1

The global cristobalite market was valued at over US$ 27 Mn in 2019. The market is driven by the increase in the demand for glass & ceramics and paints & coatings. Cristobalite is one of the fillers that have the highest brightness.

 
A new report has been published by Transparency Market Research titled, “Cristobalite Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027.” According to the report, the global cristobalite market was valued at over US$ 27 Mn in 2018, and is projected to register a CAGR of more than 5% during the forecast period.

The report states that the global cristobalite market is driven by the increase in the demand for glass & ceramics and paints & coatings. Region-wise, Asia Pacific holds a prominent share of the global market, led by the rise in the demand for residential housing, complemented by government schemes. Cristobalite is one of the fillers that have the highest brightness, which contributes to the visibility of road-marking paints. Among the different regions, Asia Pacific dominated the market with a major share in 2018. The demand for paints and coatings is rising in the region, especially in China, Japan, and South Korea.

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The report anticipates China to lead the market in Asia Pacific in the next few years, owing to the increase in consumer preference for cool white countertops in the country. Moreover, the rise in building and construction activities across region is propelling the demand for cristobalite sand and milled flour in cement and road marking applications. This, in turn, is driving the market in Asia Pacific. Cristobalite is heavily employed as a raw material in the production of silica-based chemicals such as silica gel. Additionally, increase in foreign direct investments in India and China is expected to fuel the demand for cristobalite in the region.

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According to the report, the global cristobalite market is dominated by a few large and medium players that operate across the world. The major three players — SCR-Sibelco NV, Quarzwerke GmbH, and Hoben International Limited — held around 75% share in 2018. The cristobalite market is led by SCR-Sibelco NV, which is the biggest manufacturer of cristobalite sand and milled flour across the across. The company dominates the market with the largest distribution network and operates across all major regions. SCR-Sibelco NV concentrates on creating new solutions for its engineered stones business. These stones are employed to augment the visual elements of surfaces (such as transparency and brightness), and enhance the functional properties by improving hardness, durability, and resistance to scratching and staining of the surface. The company invests in augmenting its production capacity in order to hold its market leading position.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Last Updated June 19, 2019