Global Silica Market

Silica Market Size, Share, Growth Analysis, By Type(Precipitated Silica, Fused Silica, Silica Gel, Colloidal Silica), By Application(Rubber, Glass, Paints and Coatings, Ceramics), By End - Use(Automotive, Construction, Consumer Goods, Industrial Manufacturing), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15E2218 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 97 | Figures: 76

Silica Market News

  • In December 2022, the Nanoscale journal published a report on a new technique that utilized raspberry-shaped silica nanoparticles for drug delivery. This innovative approach holds potential in the field of medicine and offers possibilities for enhanced drug delivery systems.
  • In August 2022, researchers in Iran developed an ultra-thin silicon nanoparticle that demonstrated promising applications in solar cell technology. This breakthrough showcased an efficiency rate of 11%. The scientists explored various configurations and structures of nano silica to achieve this significant result.
  • In July 2022 Allup Silica Ltd., , strengthened its resources for a silica sand project located in Western Australia. The project, known as the "Sparkler A Silica Sands Exploration Project," focuses on the exploration and development of silica sand resources in the region. This initiative aims to meet the growing demand for silica sand in various industries.
  • Imerys, a company in the mineral industry, introduced the SustainAgility framework in May 2022. This framework aimed to provide a transparent and comprehensive approach to mineral sustainability. Imerys' initiative seeks to promote responsible and sustainable practices in the utilization of minerals.
  • In November 2021, scientists at Oak Ridge National Laboratory (ORNL) developed a novel polymer binder that can be used for 3D-printing prototypes, molds, and parts in the automobile and aviation industries. The binder, called polyethyleneimine (PEI), exhibited improved strength in sand components compared to conventional binders. By applying cyanoacrylate to fill the spaces, binder jet printed items initially porous were made significantly stronger. The PEI binder's strength is enhanced by its interaction with the cyanoacrylate during the curing process.
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Silica Market size was valued at USD 47.62 Billion in 2023 and is poised to grow from USD 52.33 Billion in 2024 to USD 111.37 Billion by 2032, growing at a CAGR of 0.099 during the forecast period (2025-2032).

The global silica market is highly competitive and characterized by the presence of numerous key players. Silica, also known as silicon dioxide, is a versatile compound used in various industries due to its unique properties. The competitive landscape of the global silica market is shaped by factors such as product innovation, manufacturing capabilities, distribution networks, and geographical reach. One of the key competitive factors in the silica market is product quality and differentiation. Companies strive to develop high-quality silica products that meet the specific requirements of end-use industries. This includes providing silica with desired particle sizes, surface areas, and purity levels. Innovation in product development and customization helps companies gain a competitive edge in the market. 'Sibelco (Belgium)', 'U.S. Silica Holdings Inc. (US)', 'W. R. Grace & Co. (US)', 'Imerys S.A. (France)', 'Quarzwerke Group (Germany)', 'Saint-Gobain S.A. (France)', 'Evonik Industries AG (Germany)', 'Covia Holdings Corporation (US)', 'Silica Holdings Inc. (US)', 'Premier Silica LLC (US)', 'Silica International Group L.L.C. (US)', 'Sil-Mid Limited (United Kingdom)', 'SCR-Sibelco N.V. (Belgium)', 'Unimin Corporation (US)', 'AGSCO Corporation (US)', 'JFE Mineral Co., Ltd. (Japan)', 'Emerge Energy Services LP (US)', 'Mitsui & Co., Ltd. (Japan)', 'Sibelco Asia (Belgium)', 'Sil-Mid America (US)'

The continuous progress of the electronics industry has resulted in an increased demand for silica, which is an essential component in the manufacturing of silicon wafers used in semiconductors. As electronic devices such as smartphones, tablets, and other gadgets continue to advance, the need for silicon wafers rises in tandem. This growing demand for silicon wafers subsequently drives the demand for silica, as it is a vital material in their production. The expanding electronics industry is a key factor propelling the demand for silica in the global market.

A key market trend in the global silica market is the increasing demand from the building and construction industry. Silica plays a vital role as a primary component in a wide range of building and construction products. Its use is particularly crucial in enhancing the durability and structural integrity of various construction materials. Whole-grain silica finds extensive application in the production of flooring, mortars, specialty cement, roofing shingles, asphalt mixtures, skid-resistant surfaces, and other industrial materials used in the building and construction sector. These materials require the presence of silica to ensure improved strength, longevity, and performance.

Geographically, Asia Pacific dominates the global silica market, driven by the presence of key end-use industries and rapid industrialization in countries like China and India. These countries have witnessed substantial infrastructure development, construction activities, and automotive production, contributing to the demand for silica. North America and Europe also hold significant market shares, primarily due to the established electronics and automotive industries in these regions.

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Global Silica Market

Report ID: SQMIG15E2218

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