Introduction
Specialty Silica or Silicon dioxide is produced in the form of round pebbles and sawed or trimmed blocks or fine powder which is further used as a key additive in the formulation of several products for various range of end-user industries including automotive, electronics, inks, coatings, personal care products
Growing concern of depletion of fossil fuels and strict emission rules, automotive industries are shifting to use green tires that will have positive impact on global specialty silica market. However, the market will be restraint by factors such as high cost of colloidal silica and availability of low cost substitutes
In addition, the recovering manufacturing activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Rising demand from the rubber and coatings industry
10.2 Shift towards green tires usage
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Evonik Industries
15.2 Solvay
15.3 PPG Industries
15.4 W. R. Grace & Co.
15.5 Cabot Corporation
15.6 Wacker Chemie
15.7 PQ Corporation
15.8 Tokuyama Corporation
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The global specialty silica market is expected to grow to $ 9.00 billion by 2025
Growth momentum is expected to accelerate during the forecast period with an 8.30% CAGR.
Specialty Silica is majorly used in tire production owing to its extremely high purity and low moisture absorption. It brings superior electrical properties to rubber products.
APAC is a prominent regional market due to rising demand from key countries such as China, Japan, and India.
Key Trends
Investments in production capacities are helping companies in the specialty silica market to scale their business in APAC, and Middle-East countries is expected to boost the growth of the market.
Regulatory approvals by numerous associations such as the U.S Department of Agriculture and FDA pertaining to product use in the food & beverage industry are likely to create opportunities for the market in the coming years.
Key Market Players
Some of the key players in the market are Evonik Industries, Solvay, PPG Industries, W. R. Grace & Co., Cabot Corporation, Wacker Chemie.
The key players are partially consolidated in nature. Also, many manufacturers are looking forward to expanding their production facilities across different regions around the globe.
Growth Drivers and Challenges
Rising demand from the rubber and coatings industry is the major factor driving the growth.
Growing concern of depletion of fossil fuels and strict emission rules, automotive industries are shifting to use green tires is also driving the demand for the market.