1h Free Analyst Time
The Silica Market size was estimated at USD 51.19 billion in 2023, USD 54.78 billion in 2024, and is expected to grow at a CAGR of 7.35% to reach USD 84.13 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Silica, alos refers as silicon dioxide (SiO2), is a compound of silicon and oxygen occurs naturally. It is most commonly found in nature as quartz and many other minerals. Silica is used across various industries, including electronics, construction, pharmaceuticals, and glass manufacturing, due to its durability, electrical insulation, and thermal stability. Increasing urbanization and industrial activities across economies, growing utilization of Silica across the electronics industry, and the rising role of Silica in various pharmaceutical formulations drive the adoption of Silica.
However, health risks associated with silica exposure and the availability of alternative materials hinder market growth. Nevertheless, innovations in sustainable processes, increasing purity for advanced applications, and minimizing health and ecological impacts are pivotal areas for research and development, creating potential opportunities for Silica's market growth.
Regional Insights
In the Americas the demand for silica is driven by its wide utility in the construction sector, especially for producing glass and concrete products. The automotive industry also significantly contributes to silica consumption, primarily for tire manufacturing. Technological innovations and investments in high-purity silica for electronics and optical fibers are trends to watch. The European Union (EU) countries exhibit a high demand for silica, primarily attributed to the automotive and electronics industries. Environmental regulations and sustainability initiatives significantly influence purchasing behaviors, pushing for greener alternatives and recycling processes.In contrast, the Middle East and Africa show growing potential, with investments focusing on construction and the energy sector, including solar panels manufacturing which requires high-purity silica. China, Japan, and India are leading consumers in the silica market within the Asia Pacific region. This area is characterized by robust industrial growth, particularly in construction, electronics, and automotive sectors. China's vast industrial base positions it as a major consumer and producer of silica. Significant research and patents in this region relate to enhancing silica efficiency in rubber manufacturing and electronics. Investments in infrastructure and the automotive sector drive demand in India and Japan, with a growing emphasis on sustainable and high-purity silica products.
Market Trends by Segment
- Type: Proliferating adoption of fused silica providing thermal shock resistance, and high optical clarity in a wide spectral range
- Application: Evolving application of silica across construction sector
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Evonik Increases Production of Precipitated Silica at Charleston by 50%
Evonik, a silica manufacturer, has announced a significant investment in expanding its precipitated silica production line at its Charleston, USA facility. Set for construction commencement in mid-2024 and operational by early 2026, the expansion, involving a substantial investment in the mid-double-digit million Euro range, is anticipated to boost the site's production capacity by 50%.Sio Silica and Pyrophyte Merging in USD 708M Deal
Sio Silica, a Canadian firm dedicated to producing and supplying ethically and environmentally sourced high-purity quartz silica, has announced a strategic merger with Pyrophyte acquisition. This pivotal agreement values the combined enterprise at USD 708 million, with an equity value of USD 758 million. Approval of this merger is poised to fully finance the development of Sio's inaugural extraction and processing plant located in Winnipeg, Manitoba.Solvay Launches Bio-Circular Silica in Europe, with Expansion Plans in North America
Solvay has introduced its pioneering circular highly dispersible silica (HDS), utilizing bio-based sodium silicate derived from rice husk ash. This innovation is anchored in Solvay's investment at its Livorno facility in Italy, setting the eco-efficient silica production in terms of carbon footprint. With an anticipated production launch by the end of 2024, Solvay aims for a 50% reduction in CO2 emissions per ton of silica produced, leveraging renewable energy sources.Key Company Profiles
The report delves into recent significant developments in the Silica Market, highlighting leading vendors and their innovative profiles. These include Amgeen Minerals, AMS Applied Material Solutions, Brisil, Cabot Corporation, China-Henan Huamei Chemical Co. Ltd., Dailan Fuchang Chemical Co. Ltd., Evonik Industries AG, Henan Xunyu Chemical Co., Ltd., Hubei Huifu Nanomaterial Co., Ltd., Iota Silicone Oil (Anhui) Co., Ltd, Jinsha Precipitated Silica Manufacturing Co.,Ltd, Madhu Silica, MLA Group, OCI Company Ltd., Oriental Silica Corporation, PPG Industries Inc., PQ Corporation, Sinosi Group Corporation, SiO Silica, Inc., Solvay SA, Supersil Chemicals (I) Pvt. Ltd, Tata Chemicals Limited, The Kish Company, Inc., Tosoh Corporation, U.S. Silica Holdings, Inc., and W.R. Grace & Co.This research report offers invaluable insights into various crucial aspects of the Silica Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Silica Market, by Type
7. Silica Market, by Application
8. Americas Silica Market
9. Asia-Pacific Silica Market
10. Europe, Middle East & Africa Silica Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- Amgeen Minerals
- AMS Applied Material Solutions
- Brisil
- Cabot Corporation
- China-Henan Huamei Chemical Co. Ltd.
- Dailan Fuchang Chemical Co. Ltd.
- Evonik Industries AG
- Henan Xunyu Chemical Co., Ltd.
- Hubei Huifu Nanomaterial Co., Ltd.
- Iota Silicone Oil (Anhui) Co., Ltd
- Jinsha Precipitated Silica Manufacturing Co.,Ltd
- Madhu Silica
- MLA Group
- OCI Company Ltd.
- Oriental Silica Corporation
- PPG Industries Inc.
- PQ Corporation
- Sinosi Group Corporation
- SiO Silica, Inc.
- Solvay SA
- Supersil Chemicals (I) Pvt. Ltd
- Tata Chemicals Limited
- The Kish Company, Inc.
- Tosoh Corporation
- U.S. Silica Holdings, Inc.
- W.R. Grace & Co.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 54.78 Billion |
| Forecasted Market Value ( USD | $ 84.13 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
