A Comprehensive Study On Specialty Silica Market by Knowledge Sourcing Intelligence
Introduction
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.
Market segmentation
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.
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