Strong demand from green tire manufacturing, expansion of semiconductor & electronic component manufacturing, and increasing adoption in personal care & cosmetic products are the key attributes towards the growth of global specialty silica market. Specialty silica is a flexible active ingredient used in production and processing of wide range of products across several industries.
Specialty silica helps in reducing the carbon footprint of an automobile by enhancing quality of rubber used in tires. The global automotive manufacturers are focusing on equipping their automobiles with green tires to improve fuel efficiency and reduce carbon emission, thereby fueling the demand for high quality rubber. Specialty silica is a key ingredient of green tire and is required in double quantity than that is required for manufacturing of conventional tires. However, the market is expected to witness slack in demand in coming years owing to the derived demand or cyclic nature of the automotive industry.
Increased demand from personal care, cosmetic products and electronic component manufacturing is expected to compensate for slacked demand from automotive industry in coming years. Specialty silica is also used across construction industry owing to high tensile strength and abrasion resistance offered by specialty silica. The expansion of global building and construction industry is expected to bolster the growth of global specialty silica market during the forecast period. The global specialty silica market is anticipated to witness steady growth during the forecast period.
Asia Pacific contributed a dominating share to the global specialty silica market in 2019 and is anticipated to exhibit fastest growth during the forecast period owing to rising demand from semiconductor, plastic processing, food & beverage, and tire manufacturing across India, Japan, Indonesia, and Malaysia. With expansion of manufacturing industry across the region, the Asia Pacific specialty silica market is expected to dominate the global market in terms of revenue and volume throughout the forecast period.
North America contributed a significant share to the global specialty silica market owing to increased demand from green tire manufacturing across the United States and Canada. Europe is expected to witness prominent growth during the forecast period owing to rising demand for eco-friendly specialty silica from paints & coating applications.
Specialty Silicas Market Share Analysis, by Geography (2022)
The report titled “Specialty Silica Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global specialty silica market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global specialty silica market is segmented on the basis of product type, applications, and geography. Based on product type, the global specialty silicas market is segmented into precipitated silica, silica gel, fused silica, colloidal silica, fumed silica, and others. Based on applications, the global specialty silica market is segmented into rubber, plastics, paints & coatings, semiconductor, electronic component, agriculture, food & beverages, personal care, and others. Based on geography, the global specialty silica market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on specialty silicas. Further, market share of prominent companies in the global specialty silica market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the specialty silica companies.
The global specialty silicas market study would take into consideration the participants engaged throughout the supply chain of the market, along with their contribution. Product portfolio would focus on all the products under the specialty silica business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global specialty silica market.
Major players active in the global specialty silicas market include Akzo Nobel NV, Cabot Corporation, Ecolab Incorporated, Evonik Industries AG, Huber Engineered Materials, Imerys SA, Madhu Silica Pvt. Ltd. (MSPL), Nalco Holding Company, PPG Industries, Inc., Qingdao Makall Group Inc., Solvay SA, and Wacker Chemie AG.
Segmentation:
By Product Type:
By Application:
By Geography:
The Specialty Silica market has been assessed for the years 2019 to 2032.
Key Specialty Silica market players are Akzo Nobel NV, Cabot Corporation, Ecolab Incorporated, Evonik Industries AG, Huber Engineered Materials, Imerys SA, Madhu Silica Pvt. Ltd. (MSPL), Nalco Holding Company, PPG Industries, Inc., Qingdao Makall Group Inc., Solvay SA, and others.
Based on type, the Specialty Silica market is segmented into Precipitated Silica, Silica Gel, Fused Silica, Colloidal Silica, Fumed Silica and Others.
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