The specialty silica Market was valued at US$3.760 billion in 2018 and is projected to expand at a CAGR of 5.73% over the forecast period to reach US$5.253 billion by 2023. Increasing adoption of packaging materials in the automotive, food and beverage and other industries along with lower consumption cost and greater capacity utilization rates is the major factor that is driving the specialty silica market growth. Specialty silica is extensively used in several applications such as rubber, paints & coating, agriculture, personal care, food & beverages, etc. due to its ability to absorb moisture and keep things dry. Its demand has increased in personal care and cosmetics owing to its unique properties such as anti-caking, UV protection, and dispersion. Rising environmental concerns and the need to use environmentally friendly products will further boost the market growth. However, the high cost of specialty silica and the availability of low-cost substitute will restrain the market growth.
By Type of Product
By the type of product, the specialty silica market has been segmented into precipitated silica, fumed silica, silica gel, and others. Others include hydrophilic silica, hydrophobic silica, and silicates. Silica Gel is dominating the market as it is extensively used as a drying agent in industries such as painting and coating, plastic, food, pharmaceutical, and personal care industries.
By Application
By Application, the specialty silica market has been segmented into rubber goods, heat stability, anti-caking, printing sharpness, and others. Specialty silica is widely used as an anti-caking and carrying agent in cosmetics, fertilizers, synthetic detergents as it allows the products to freely flow when they are being used. They are often used in products that are prone to clumping.
By End-User Industry
By the end-user industry, the specialty silica market has been segmented into manufacturing, chemicals, electronics, personal care and cosmetics, and others. Others include mining, oil & gas, and pharmaceuticals. Due to its high tensile strength and abrasion resistance, specialty silica is highly used in rubber industries.
By Geography
Geographically, the specialty silica market has been segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and South America region. Asia Pacific region will grow at an impressive rate over the forecast period owing to the booming automotive industry in terms of demand for vehicles as well as the production of tires which will impact the specialty silica market growth in a positive manner.
Competitive Intelligence
The specialty silica market is competitive owing to the presence of major players such as BASF, Evonik and Clariant and regional vendors in the market. With large production facilities located globally, these vendors have a huge geographical presence.
The global key players are Evonik Resource Efficiency GmbH, BASF SE, Clariant, Speciality Silica Private Ltd, Akzo Nobel N.V., Cabot Corporation, Wacker Chemie AG, PPG Industries, Inc., W.R Grace & Co. Conn., and Nalco Water- an Ecolab company.
Segmentation
The specialty silica market has been analyzed through the following segments:
By Type of Product
By Application
By End User Industry
By Geography
North America
Europe
Middle East and Africa
Asia Pacific
By Type of Product
By the type of product, the specialty silica market has been segmented into precipitated silica, fumed silica, silica gel, and others. Others include hydrophilic silica, hydrophobic silica, and silicates. Silica Gel is dominating the market as it is extensively used as a drying agent in industries such as painting and coating, plastic, food, pharmaceutical, and personal care industries.
By Application
By Application, the specialty silica market has been segmented into rubber goods, heat stability, anti-caking, printing sharpness, and others. Specialty silica is widely used as an anti-caking and carrying agent in cosmetics, fertilizers, synthetic detergents as it allows the products to freely flow when they are being used. They are often used in products that are prone to clumping.
By End-User Industry
By the end-user industry, the specialty silica market has been segmented into manufacturing, chemicals, electronics, personal care and cosmetics, and others. Others include mining, oil & gas, and pharmaceuticals. Due to its high tensile strength and abrasion resistance, specialty silica is highly used in rubber industries.
By Geography
Geographically, the specialty silica market has been segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and South America region. Asia Pacific region will grow at an impressive rate over the forecast period owing to the booming automotive industry in terms of demand for vehicles as well as the production of tires which will impact the specialty silica market growth in a positive manner.
Competitive Intelligence
The specialty silica market is competitive owing to the presence of major players such as BASF, Evonik and Clariant and regional vendors in the market. With large production facilities located globally, these vendors have a huge geographical presence.
The global key players are Evonik Resource Efficiency GmbH, BASF SE, Clariant, Speciality Silica Private Ltd, Akzo Nobel N.V., Cabot Corporation, Wacker Chemie AG, PPG Industries, Inc., W.R Grace & Co. Conn., and Nalco Water- an Ecolab company.
Segmentation
The specialty silica market has been analyzed through the following segments:
By Type of Product
- Precipitated Silica
- Fumed Silica
- Silica Gel
- Others
By Application
- Rubber Goods
- Heat Stability
- Anti caking
- Others
By End User Industry
- Manufacturing
- Chemicals
- Personal Care & Cosmetics
- Others
By Geography
North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
Europe
- Germany
- France
- Italy
- United Kingdom
- Others
Middle East and Africa
- Israel
- Saudi Arabia
- Others
Asia Pacific
- Japan
- China
- India
- South Korea
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. SPECIALTY SILICA MARKET BY TYPE OF PRODUCT
6. SPECIALTY SILICA MARKET BY APPLICATION
7. SPECIALTY SILICA MARKET BY END USER INDUSTRY
8. SPECIALTY SILICA MARKET BY GEOGRAPHY
9. COMPETITIVE INTELLIGENCE
10. COMPANY PROFILES
Companies Mentioned
- Evonik Resource Efficiency GmbH
- BASF SE
- Clariant
- Speciality Silica Private Ltd.
- Akzo Nobel N.V.
- Cabot Corporation
- Wacker Chemie AG.
- PPG Industries, Inc.
- W.R Grace & Co.- Conn.
- Nalco Water
Methodology
LOADING...