The global specialty silica market is expected to reach USD 4.43 billion
by 2022, according to a new report by Grand View Research, Inc. Rising
application scope of the product in various end-use industries including rubber
and coatings is expected to fuel demand over the forecast period.
Increasing coating demand in Asia Pacific on
account of growing construction and rising government expenditure on
infrastructure development in emerging economies of India and China is expected
to propel product need over the next seven years.
Automotive industry growth in numerous countries
is expected to fuel tire demand which in turn is expected to have a positive
impact on the product market over the forecast period. In addition, increasing
use of the product in green tire manufacturing on account of various advantages
such as increased shelf life and fuel efficiency will propel the industry
growth over the next seven years. However, mature nature of various end-use
industries primarily in Europe and North America may challenge specialty silica
industry growth.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/specialty-silica-market
U.S. specialty silica market volume, by product, 2012-2022 (Kilo Tons)
Further key findings from the report
suggest:
·
Precipitated silica was the largest product
segment estimated over 2,000 kilo tons in 2014. It is widely employed as a
performance additive as it increases wet-grip capabilities and wear resistance
in automotive and industrial tires. Silica-filled tires are widely used owing
to low rolling resistance which results in better handling and improved
mileage. This is expected to fuel overall product demand over the forecast period.
·
Rubber application segment was estimated over
USD 1,000.0 million in 2014. Rising rubber need on account of increased
automobile production particularly in India and China is expected to have a
positive impact on the industry over the forecast period.
·
Europe specialty silica market was estimated
over USD 300.0 million in 2014. Robust automotive manufacturing base in the
Germany is expected to be a favorable factor for rising demand. In addition,
growth in the food & healthcare sector in various countries including
France, UK, and Germany on account of changing lifestyle of consumers coupled
with increased government spending on public health is expected to propel
product need over the next seven years.
·
The global specialty silica industry is highly
competitive with key multinationals dominating the sector. Increased R&D
expenditure for new product developments coupled with the need to reduce
production cost are key trends witnessed within the industry. In January 2016,
PPG Industries announced plans for setting up new production site for
precipitated silica in North America. As of July 2015, Solvay introduced highly
dispersible silica (HDS) which enhances the performance of tires by
cost-effective energy saving.
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this category @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global specialty silica market on the basis of product, application and region:
Specialty Silica Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2022)
·
Precipitated silica
·
Silica gel
·
Fused silica
·
Colloidal silica
·
Fumed silica
Specialty Silica Application Outlook (Volume, Kilo Tons, Revenue,
USD Million, 2012 - 2022)
·
Rubber
·
Food & healthcare’
·
Coatings
·
Plastics
·
Abrasives & refractories
·
Others
Specialty Silica Regional Outlook (Volume, Kilo Tons, Revenue, USD
Million, 2012 - 2022)
·
North America
·
U.S.
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
India
·
Latin America
·
Brazil
MEA
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