A Comprehensive Study On Specialty Silica Market by Knowledge Sourcing Intelligence
Specialty silica is widely used in a number of applications such as rubber, paints & coating, agriculture, personal care, food & beverages, etc. as they can absorb moisture and keep things dry. Specialty silica has a huge demand in the manufacturing of green tires. Silica tires are getting popular as they help in decreasing the rolling resistance of a vehicle and helps in improving mileage and better handling. Increasing demand for green tires is expected to boost the market. Its demand in cosmetics and personal care is increasing due to its features of UV protection, and dispersion. Specialty silica is also used in the agrochemical industry to eliminate caking tendency, improve stability, and the productivity of agrochemical products. It is used as a thickening and reinforcing agent in adhesives. It provides abrasion resistance, high tensile strength, and improves tear resistance of conveyor belts and transmission belts.
Drivers of specialty silica market.
Growing environmental concerns and shift towards environmentally friendly products will uplift the market. Increasing demand from food and beverage, healthcare, rubber, and coatings industries will boost the market. The increasing use of specialty silica in the automobile industry and other industries coupled with lower consumption cost and greater capacity utilization rates is the major factor that is driving the specialty silica market growth.
Hindrance and growth opportunities.
The high cost of specialty silica and the availability of low-cost substitutes is one of the major challenges for the market. Also, internal substitution among fumed silica and precipitated silica can hamper the growth of the market. However, the growing demand for green tires is expected to open growth opportunities for the market. Presently, precipitated silica and carbon black is used as reinforcing filler for tires. But the market trend is shifting towards complete use of precipitated silica excluding carbon black to make green tires that are eco-friendly and provide better performance. Which is expected to increase the specialty silica market size.
On the basis of product type, silica gel is dominating the market due to its high usage as a drying agent in industries such as painting and coating, plastic, food, pharmaceutical, and personal care industries. By Application, specialty silica is extensively used in cosmetics, fertilizers, synthetic detergents as it allows the free flow to the product when they are being used. They are also used in products that are prone to clumping. By the end-user industry, the rubber industry has significant market share owing to its high tensile strength and abrasion resistance. Geographically, the Asia Pacific region is expected to hold a significant market share in the global specialty silica market share.
The growth is projected on account of the booming automotive industry in terms of demand for vehicles as well as the production of tires. North America region is also expected to have a significant share owing to increasing demand for vehicles, and increasing the production of tire. Europe region’s market will be driven by the European regulations to lower the Volatile Organic Compounds (VOC) emissions in paints and coatings industry. Also, Germany is the major manufacturer of automobiles.
Follow us :