Industries > Chemicals > Silica Market Report 2019-2029

Silica Market Report 2019-2029

Market and Volume Forecasts by Form (Amorphous, Crystalline (Quartz, Tridymite, Cristobalite), Others (Coesite, Keatite and Lechatelierite)), by Application (Rubber (Tyre Application and Other Rubber Application), Agrochemicals, Paints & Coatings, Adhesives & Sealants, Oral Care, Food & Feed, Polymer, Cosmetics, Others), by Source (Natural and Synthetic) with Regional and National Market Analysis and Financial Analysis of Leading Companies

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The Silica Market is expected to grow at a CAGR of 8.1% over the forecast period from 2019-2029. Increasing consumption from rubber applications across the global is expected to fuel the demand of overall silica market. Silica offers rubber products with greater resistance to abrasion, tensile strength and flexible fatigue characteristics. Due to its capability to enhance bond and tear strength between rubber tires and metallic reinforcements, it is commonly used in tire applications. The worldwide tire demand has increased as result of higher automotive vehicle production is one of the key factors driving the market. It is anticipated that rapid economic growth, increased government spending, advances in road infrastructure, and increased consumer inclination toward personal transportation will increase demand for automobiles, driving market growth.

Asia-Pacific is expected to dominate the global silica market with more than 45% of market share in 2018. The region has also registered highest growth and is estimated to maintain its pace in coming years also. The growth of this region is mainly driven by developing countries such as China, India, South Korea, and Indonesia. China and India are the two major automotive producer in Asia-Pacific region which resulted in higher consumption of tires as well silica. The growth of silica market is also fuled by growing its applications in paint and coatings industry. In paints & coatings sector, it is primarily used to regulate rheological characteristics and to assist in rust and corrosion discouragement.

Leading companies featured in the Silica Market Report 2019-2029 report include AKZONOBEL N.V., Cabot Corporation, Evonik Industries, Imerys S.A., Kemira Oyj, Nissan Chemical Corporation, Oriental Silicas Corporation, PPG Industries, Inc., Solvay S.A., Tosoh Corporation among others. Mergers, acquisitions, and joint ventures constitute some of the industry players’ common strategies for reducing product price overall and maintaining extremely competitive conditions. In order to guarantee continued raw material supplies and ease of installation services, many actors in the sector create alliances with raw material providers and third-party installers.

The comprehensive report provides market estimates and forecasts for leading domestic markets across the world for the period from 2019 to 2029. In addition, the report includes dedicated leading companies covering 10 leading silica producers.

The report on the Silica Market Report 2019-2029 will appreciate anyone who wants to better understand the market in various end use industries. It will be useful for companies that want to better understand the part of the market in which they are already involved or those that want to enter or expand into another regional or technical part of the silica industry.

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