The global silica market is projected to grow at a CAGR of 7% to 9% from 2021 to 2026. The growth of silica market is driven by increasing tire consumption by automotive industry and growth in paints & coatings market.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global silica market by form (precipitated silica, silica gels & sols, fumed silica, and silica fumes), application (rubber, construction, agrochemicals, oral care, food & feed, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the silica market?
Q.4 What are some changing demands of customers in the silica market?
Q.5 What are the new developments in the silica market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this silica area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this silica market?

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Market Segmentation:
Based on application, the silica market is segmented into rubber, construction, agrochemicals, oral care, food & feed, and others. The rubber segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to favorable government regulations; growth in the tire market as silica when used in tire rubber increases the grip of tries and helps with reducing rolling resistance.
Asia Pacific will remain the largest region the forecast period due to growth in construction industry, growing use of automotive, growing industrialization, and increase in government investment.
Key Players in the silica market are Evonik Industries, PPG Industries, Wacker Chemie AG, AkzoNobel N.V., Tosoh Corporation, Cabot Corporation, and Solvay SA.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Brandon Fitzgerald
Lucintel
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