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Global Silica Market is estimated to be 12.2

billion by 2029 with a CAGR of 8.7% during the
forecasted period- By PMI
Global Silica Market, By Application (Rubber, Construction, Agrochemicals,
Oral Care, Food & Feed, and Others), and By Region (North America,
Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends,
Analysis and Forecast till 2029

March 14, 2022 09:52 ET | Source: PMI

Covina, March 14, 2022 (GLOBE NEWSWIRE) -- Global Silica Market accounted for US$ 5.8 billion in

2020 and is estimated to be US$ 12.2 billion by 2029 and is anticipated to register a CAGR of 8.7%

The report "Global Silica Market, By Application (Rubber, Construction, Agrochemicals, Oral Care,

Food & Feed, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and

the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In December 2019, a joint venture between Evonik and Wynca - Evonik Wynca (Zhenjiang)
Silicon Material Co., Ltd. started the construction on a new fumed silica plant in Zhenjiang,
Jiangsu Province, China. The plant is scheduled to be operational by 2021 with an annual
production capacity of 9 Kilo Tons.

In October 2018, Evonik Industries invested about USD 120 million and started a precipitated
silica plant for the tire industry in South Carolina, U.S.

Analyst View:

Increasing Demand from the Rubber Industry

Silica is majorly used in the tire production owing to its extremely high purity and low moisture

absorption. It brings superior electrical properties to rubber products. Silica has excellent

reinforcing effects especially enhancing the tear resistance. Additionally, silica is commonly used

in Liquid Silicone Rubber (LSR) and High Temperature Vulcanized (HTV) rubber that requires high

mechanical strength and good electrical insulation. In industrial rubber goods, silica is used for

reducing hysteresis loss in conveyor belts or as active filler in colored rubber particles or in

products with good contact.

Increasing Demand from the Rubber Industry

Silica is majorly used in the tire production owing to its extremely high purity and low moisture

absorption. It brings superior electrical properties to rubber products. Silica has excellent

reinforcing effects especially enhancing the tear resistance. Additionally, silica is commonly used

in Liquid Silicone Rubber (LSR) and High Temperature Vulcanized (HTV) rubber that requires high

mechanical strength and good electrical insulation. In industrial rubber goods, silica is used for

reducing hysteresis loss in conveyor belts or as active filler in colored rubber particles or in

products with good contact.

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Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on

“Global Silica Market”, By Application (Rubber, Construction, Agrochemicals, Oral Care, Food &

Feed, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the

Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

...
The global Silica market accounted for US$ 5.8 billion in 2020 and is estimated to be US$

12.2 billion by 2029 and is anticipated to register a CAGR of 8.7%. The market report has been

segmented on the basis of application, and region.

By application, the rubber segment accounted for the largest revenue share of 33.1% in 2018.
Precipated Silica is extensively used in the rubber industry, particularly as a reinforcement
filler in the manufacturing of tires. The specialized rubber compound, which is used in tires,
is composed of various materials including natural as well as synthetic rubber.

By region, APAC is expected to dominate the market. India is a growing economy and holds
great potential for future market opportunities. Despite demonetization and GST reforms
affecting the national production volume, the impact of such reforms is slowly waning.
Moreover, the country’s government has been taking initiatives to attract FDIs in the
manufacturing sector, to make India a manufacturing hub.

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Silica-Market-4445

Competitive Landscape:

The prominent player operating in the global silica market includes Evonik Industries, PPG

Industries, Wacker Chemie AG, AkzoNobel N.V., Tosoh Corporation, Cabot Corporation, Solvay SA,

Nouryon, Imerys S.A, Kemira Oyj.

The market provides detailed information regarding the industrial base, productivity, strengths,

manufacturers, and recent trends which will help companies enlarge the businesses and

promote financial growth. Furthermore, the report exhibits dynamic factors including segments,

sub-segments, regional marketplaces, competition, dominant key players, and market forecasts.

In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships

along with regulatory frameworks across different regions impacting the market trajectory.

Recent technological advances and innovations influencing the global market are included in the

report.

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Prophecy Market Insights is specialized market research, analytics, marketing/business strategy,

and solutions that offers strategic and tactical support to clients for making well-informed

business decisions and to identify and achieve high-value opportunities in the target business

area. We also help our clients to address business challenges and provide the best possible

solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and
positioning

Explains details about key operational strategies with a focus on R&D strategies, corporate
structure, localization strategies, production capabilities, and financial performance of
various companies.

Detailed analysis of the market revenue over the forecasted period.

Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST
& SWOT Analysis.

Study on the segments that are anticipated to dominate the market.

Study on the regional analysis that is expected to register the highest growth over the
forecast period

Key Topics Covered

1. Introduction

Study Deliverables

Study Assumptions

Scope of the Study

2. Research Methodology

3. Executive Summary

Opportunity Map Analysis

Market at Glance

Market Share (%) and BPS Analysis, by Region

Competitive Landscape

Heat Map Analysis

Market Presence and Specificity Analysis

4. Investment Analysis

5. Competitive Analysis

Global Silica Market, By Application, 2019 – 2029, (US$ Mn)

Overview
Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029

Y-o-Y Growth Analysis (%), 2019 – 2029

Segment Trends

Rubber
Overview

Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029

Construction
Overview

Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029

Agrochemicals
Overview

Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029

Oral Care
Overview

Market Sizeand Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029

Food & Feed

Overview

Market Sizeand Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029

Others
Overview

Market Sizeand Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029

To view more: Click here

Browse for Related Report:

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& Africa) - Trends, Analysis and Forecast till 2029

2. Global Sodium Silicate Market, By Form (Solid Sodium Silicate and Liquid Sodium Silicate),
By Application (Catalysts, Pulp & Paper, Detergents, Elastomers, Food & Beverages and
Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa) - Market Trends, Analysis, and Forecast till 2030

3. Global Silicon Monoxide Market, By Product ((3N)99.9%, (4N)99.99%, and Others), By

Application (Coating Applications, Anode Material Application, and Others), and By Region
(North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends,
Analysis and Forecast till 2030

Tags

Silica Market Silica Market Research Report Silica Market Size Evonik Industries AG

Akzo Nobel N.V.

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Prophecy Market Insights
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Web: www.prophecymarketinsights.com

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May 11, 2022 09:52 ET May 09, 2022 09:52 ET

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