Industrial Silica Market Size and Growth Rate:
According to the Research Report, the Global Industrial Silica Market Size was Expected to Reach 31 Billion by 2025 with a CAGR of 7.5% during the forecast period 2019-2025.
Industrial Silica Market Overview:
Silica is widely used in many end-use segments due to its outstanding mechanical properties, such as high strength, resistance to heat and corrosion and low weight. Because of these properties, many governments, such as China, offer substantial subsidies for the production of silica. This has significantly increased the demand for silica and has driven growth in the global industrial silica market. The growing demand for industrial silica from steel smelters is another important factor in the growth of the global market. With many advantageous characteristics such as chemical inertness, high purity, homogeneous size and shape of the particles and compatibility with other chemical binders, the demand for industrial silica has increased considerably in the steel casting segment. The development of the foundry sector, therefore, will stimulate the growth of the global industrial silica market.
Industrial Silica Market Drivers and Restraints:
In terms of applications in the world market, the segment of glass fiber stands out from the others like addiction, smelting, reinforcement filling, sodium silicate, cement from oil wells, production of marble, glass, and clay, and ceramic frits. The silica segment is gaining ground worldwide, thanks to its excellent mechanical properties. In 2016, it had more than 25% of the total market share in terms of volume of the global market. In addition to the glass fiber segment, it is also expected that other segments such as glass, clay, and additives will stimulate the world market for industrial silica in forecasted years.
Industrial Silica Market Regional Analysis:
Geographically, the global industrial silica market can be divided into key regions such as Asia-Pacific, North America, Europe, the Middle East and Africa, and Latin America. The Asia-Pacific region dominated the market in 2016 and represented more than 40% of total revenues and market share in volume. China has become one of the leading manufacturers of industrial silica in the Asia-Pacific region, accounting for nearly 35% of the total market volume of Asia Pacific in 2016. Demand has been strong in many segments, such as casting, silica, clay, and glass. This has mainly stimulated the market in the region. Application sectors, such as sodium silicate, glass and clay, and silica production together accounted for almost 55% of the total market share of the industrial silica market in the Asia-Pacific region. However, in the coming years of the forecast period, segments such as additives and smelters are expected to contribute significantly to the development of the market in the Asia-Pacific region.
Some of the Promising Companies leading the Global Industrial Silica Market Profiled in the Report are:
- International Silica Industries Company Plc
- Short Mountain Silica
- AGSCO Corporation
- FINTON Industries Minerals Limited
- Sibelco
- Quarzwerke Group
- Aggregate Industries
- Wolf & Muller
- SAMIN
- Saudi Emirates Pulverization Industries
The Research Report segments the Industrial Silica Market into the following submarkets:
Industrial Silica Market – By Type:
- Crystalline State
- Amorphous State
Industrial Silica Market – By Application:
- Fiberglass
- Cultured Marble
- Additive
- Reinforcing Filler
- Foundry work
- Ceramic frits & glaze
- Oilwell Cement
- Glass & Clay Production
- Sodium Silicate
- Others
Industrial Silica Market – By Region:
- North America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Middle-East & Africa
+1 888 709 8757
Chat With Us