Silica Market Size, Share & Trends Analysis Report By Application, Region, Competitive Landscape, And Segment Forecasts


Posted July 8, 2020 by sitakant

The global silica market size was valued at USD 5.22 billion in 2018 and is estimated to exhibit a CAGR of 8.6% over the forecast period.

 
The global silica market size was valued at USD 5.22 billion in 2018 and is estimated to exhibit a CAGR of 8.6% over the forecast period. The market scope includes silica forms including precipitated, fumed, gels and sols, and microsilica (fumes). Rising demand for the product from the rubber industry is the primary factor driving the market.
Silica provides higher abrasion resistance, tensile strength, and flex fatigue properties to rubber products. It is widely used in tire applications, owing to its ability to improve the bond and tear resistance between rubber tires and metallic reinforcements.

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Increase in demand for tires is mainly driven by rising automotive production, especially in countries such as India, China, Indonesia, South Korea, Japan, Malaysia, Taiwan, Mexico, U.S., and Germany. Rapid economic growth, increasing government spending, advancements in road infrastructure, and increasing inclination of consumers toward personal conveyance are expected to boost demand for automobiles, thereby propelling market growth.
Silica, when blended with tire rubber, helps reduce rolling resistance while simultaneously increasing the grip of tires. Silica gels and sols are commonly used as a thickening additive in toothpaste. They are also used to provide cleaning properties to toothpaste. In agrochemicals, the product is used in liquid as well as solid formulations. It is used to deliver visco-elastic properties to the liquid formulation.

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Segments Covered in the Report
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2014 to 2026. For the purpose of this study, Grand View Research has segmented the global silica market report on the basis of application and region:
• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2026)
o Rubber
o Construction
o Agrochemicals
o Oral Care
o Food & feed
o Others
• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2026)
o North America
 U.S.
o Europe
 Germany
 U.K.
o Asia Pacific
 China
 Japan
 India
o Central & South America
 Brazil
o Middle East & Africa

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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Issued By sitakant
Country United States
Categories Business , Industry , Manufacturing
Tags silica market forecast , silica market outlook , silica market size
Last Updated July 8, 2020