Specialty Silica Market Size And Forecast
The Global Specialty Silica Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Specialty Silica Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Specialty Silica Market was valued at USD 5.31 Billion in 2019 and is projected to reach USD 14.36 Billion by 2027, growing at a CAGR of 9.2 % from 2020 to 2027.
What is Specialty Silica?
Specialty silica which contains silicon dioxide as its major ingredient is used as an additive in the formulation process of various products and components in wide industry segments like electronics, automotive, personal care products, rubber, paints, food, healthcare, inks, coatings, etc. It is obtained as a byproduct of the reaction of alkaline silicate with hydrochloric or sulphuric acid. Sulphuric acid solution and sodium silicate are also added to water in the next stage of the reaction. It is produced as round pebbles in the coarse form. Specialty silica has a low rolling resistance property and hence it is used as a performance additive in the tire industry. Glossy effect on the skin due to the application of cosmetics can be removed by using specialty silica as a matting agent. It can be used as a polishing agent, abrasive, and clarification agent as well. Specialty silica can also be used as an anti-blocking agent to avoid polymer layer from sticking each other during polymerization.
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Global Specialty Silica Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Rolling resistance of the tires can be reduced by further enhancing the grip when specialty silica is combined with tire rubbers, hence decreasing the fuel consumption. This is likely to fuel the market during the forecasted period. Property of specialty silica to act as an anti-blocking agent, anticaking agent, polishing agent, clarification agent, etc. is expected to boost the market in the coming years. Increasing demand for cosmetic and oral care products will also act as growth contributing factor to the market. In contrast, the availability of alternatives and sluggish growth in industries like paints and paper may act as restraining factors of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Specialty Silica Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Specialty Silica Market Competitive Landscape
The “Global Specialty Silica Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Evonik Industries, Akzo Nobel N.V., Cabot Corporation, Wacker Chemie AG, PPG Industries, Inc., Huber Engineered Materials, Solvay S.A., W. R. Grace & Co., Nalco Holding Company, and Madhu Silica Private Limited.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Specialty Silica Market, By Product
• Precipitated silica
• Silica gel
• Fused silica
• Colloidal silica
• Fumed silica
Specialty Silica Market, By Application
• Oral care
• Paints & coatings
Specialty Silica Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
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