Specialty Silica Market: Introduction
In
terms of value, the global specialty silica market is anticipated to expand at a CAGR of more
than 6%
from 2020 to 2030 and cross US$ 10 Bn
by 2030. Asia Pacific dominated the global specialty silica market in terms of
volume in 2019. It is estimated to be the leading region of the global
specialty silica market during the forecast period. The rubber industry is
projected to offer lucrative opportunities for the specialty silica market in
the near future.
Specialty
Silica Market: Major Drivers and Restraints
The
increase in usage of specialty silica in the manufacture of tires is expected
to drive the global specialty silica market during the forecast period.
Specialty silica is being aggressively adopted by tire manufacturers as a
reinforcement filler. It offers higher reinforcing ability and improves fuel
efficiency due to stringent environmental norms. The rise in the demand for
green tires is anticipated to boost the global specialty silica market during
the forecast period, as the tire application segment accounts for the majority
of consumption of specialty silica. Specialty silica products are versatile raw
materials for cosmetics and personal care applications. They increase the
viscosity of oils and emulsions, thus improving the stability and structure of
creams, lipsticks, lotions, and make-up preparations.
Request PDF brochure
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11183
Specialty
silica products transform cosmetic oils into highly viscous gels. This produces
transparent products with the pseudo plastic flow behavior. Specialty silica
products are used as thickening agents in toothpastes. This gives toothpastes
the rheological body for good filling during the manufacturing process.
Therefore, increase in usage of specialty silica in cosmetic and personal care
products is anticipated to drive the global specialty silica market during the
forecast period. Specialty silica is employed in end-use industries such as paper
& pulp and textile apart from rubber. Paper & pulp and textile
industries have been expanding at a sluggish pace, since the past few years.
Traditionally, along with polymers, colloidal silica has been employed in paper
and pulp mills for drainage aid systems. However, the demand for colloidal
silica is projected to decline during the forecast period, due to the sluggish
growth of the paper & pulp industry. This, in turn, is likely to marginally
restrain the specialty silica market.
More Trending Reports
Specialty
Silica Market: Segmentation
Based
on product, the precipitated silica segment held major share of the global
specialty silica market in 2019. This trend is anticipated to continue during
the forecast period. Precipitated silica is manufactured commercially by
reacting sodium silicate with mineral acid. It is further precipitated under
alkaline conditions. It is employed in many applications, including rubber,
plastics, food processing, and pharmaceuticals. The rubber application segment
constituted large share of more than 50% of the global specialty silica
market in 2019. This trend is estimated to continue during the forecast period.
On the other hand, the chemical mechanical planarization (CMP) segment is
projected to expand at a rapid pace during the forecast period.
Request enquiry before buying
https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=11183
Competition
Landscape of Specialty Silica Market
Key
manufacturers operating in the global specialty silica market include Evonik Industries AG, Solvay S.A.,
PPG Industries, Inc., W. R. Grace & Co., Cabot Corporation, Wacker Chemie
AG, PQ Corporation, and Tokuyama Corporation.
Request for custom research
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=11183
About
Us
Transparency Market Research is a global market intelligence company, providing
global business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking insight
for thousands of decision makers. Our experienced team of Analysts,
Researchers, and Consultants, use proprietary data sources and various tools
and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research
experts, so that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research employs
rigorous primary and secondary research techniques in developing distinctive
data sets and research material for business reports.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
Comments
Post a Comment