Silica refers to a hard, colorless and unreactive compound that occurs as mineral quartz and as a principal constituent of sandstone & other rocks. It is one of the most complex and abundant families of materials that exists as a compound of several minerals and also as a synthetic product. It is available in the form of fused silica, silica gel and aerogels. Silica or silicon dioxide find its application in structural materials, microelectronics and as a component in food and pharmaceutical industries.
MARKET DYNAMICS
The rising demand for silica from the rubber industry drives the silica market. Besides this, rapid economic growth and inclination of the consumers towards personal conveyance boosts the demand for automobiles, which I n turn drives the market for silica. However, the exposure of silica leads to a disease called silicosis that leads to the formation of scar tissue and reduced the ability of lungs to take in oxygen which restricts the market for silica market. The replacement of carbon black with silica on account of its eco-friendly benefits and stronger performance is expected to boost the market for silica in the near future.
MARKET SCOPE
The "Global Silica Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the silica market with detailed market segmentation by application and geography. The global silica market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading silica market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global silica market is segmented on the basis of application. On the basis of application, the silica market is segmented into construction, oral care, agrochemicals, rubber, food & feed and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global silica market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The silica market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the silica market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the silica market in these regions.
MARKET PLAYERS
The reports cover key developments in the silica market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from silica market are anticipated to lucrative growth opportunities in the future with the rising demand for silica market in the global market. Below mentioned is the list of few companies engaged in the silica market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the silica market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AkzoNobel N.V
- Chanduka Minerals & Chemicals Pvt Limited
- Evonik Industries AG
- Fuji Silysia Chemical Ltd.
- K.K. Chempro India Private Limited
- Shandong Haochuang Material Co., Ltd.
- Solvay SA
- Tanvi Mines and Minerals
- Tosoh Silica Corporation
- Wacker Chemie AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.