The Silica Market was valued at $xx.6Billion in 2018 and is forecast to grow at a modestxx.9 % CAGR between2018 and 2025, culminating in 2026 global sales of $xx.8Billion.
Silica is a colorless, unreactive, and a hard compound which arises as a sandstone and mineral quartz and it is also known as silicon dioxide (SiO2) made of silicon and oxygen. In the market silica forms like fumed, gels & sols and micro silica (fumes).Growing demand for the Tire product from the rubber industry, due to its capability to enhance bond and tear resistance between rubber tires and metallic supports the main factor driving the market.Silica is famous for his characters such as higher tensile strength, flex fatigue properties, and abrasion resistance to rubber products. To reduce the carbon black effect, many green tire companies are substituting carbon with silica on the basis of its eco-friendly benefits with better performance as contrasting to carbon black. This is anticipated to have a helpful impact on the market. Silica fumes are mainly used in the concrete industry because of its durability and strength in concrete. The market is determined by the growth of the global construction sector. The rise in demand for rubber tires is mostly determined by growing automotive production, specifically in countries such as Malaysia, Taiwan, Mexico, U.S., Germany, India, China, Indonesia, South Korea, and Japan. Advancement in road infrastructure, Government expenditure, and significant country economic growth are anticipated to propel the market demand for automobiles.
“Optimal Price Point (OPP) for Global Silica”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in the China Global Silica materials are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Global Silica Market by “Application Categories”
We have segmented the Global Silica market based on Application are Construction, Oral Care, Agrochemicals, Rubber, Food & Feed.
We have observed that Silica dominated worldwide by the Rubber segment with the largest revenue share of 33.4% in the market 2018. Silica helps to reduce the rolling resistance at the time of merging between silica and tire rubbers, to increase the grip of tires which can reduce the fuel consumption of the vehicle about 7.0%.
We have also observed the rapid growth of Oral segment with a CAGR of 7.8% in terms of profits in the market during the forecast period. Mainly silica sols and gels are used in toothpaste to provide cleaning and whitening properties in the global market.
Agrochemicals having both usage properties such as liquid and solid formulation. It generates visco-elastic properties to the liquid formulation and acts as ananti-setting additive to stop agglomeration of active ingredients.
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Global Silica materials followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The rapid growth of the automotive industry and availability of Global Silica materials optionlike rubber and oral care create an impact in developing countries for the demand for vehicle, tire and toothpaste manufacturers.
“Competitive Landscape”and “Merger& Acquisition Insights”
The key market participants include Evonik Industries, PPG Industries, Wacker Chemie AG, AkzoNobel N.V., Tosoh Corporation, Cabot Corporation, and Solvay SAare a few major players in Global Silicamarkets. TheGlobal Silica market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Global Silica Market by Application Type (Revenue, Million, 2018 – 2026)
- Oral Care
- Food & Feed
Global Silica Market Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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