What is the global market size of Specialty Silica Market?

Global Specialty Silica Market size was valued at USD 5.5 Billion in 2021 and is poised to grow from USD 6.38 Billion in 2022 to USD 10.1 Billion by 2030, at a CAGR of 5.0% during the forecast period (2023-2030).

What is the key driver of Global Specialty Silica Market?

Specialty silica production involves complex processes and requires high capital investments. The costs associated with raw materials, energy, and specialized equipment are significant. These high production costs can act as a restraint on the market growth, limiting the affordability and accessibility of specialty silica products.

What is the key market trend for Global Specialty Silica Market?

Growing Demand from Automotive Sector: The automotive industry is a significant consumer of specialty silica, particularly in tire manufacturing. Specialty silica is used as a reinforcing filler in tires, improving their performance, durability, and fuel efficiency. With the increasing demand for high-performance tires and the growth of the automotive industry, the specialty silica market is witnessing a rise in demand from this sector.

Specialty Silica Market Size, Share, Growth Analysis, By Product(Precipitated Silica, Fumed Silica, Fused Silica, Silica Gel), By Application(Rubber, Agrochemicals, Oral Care, Food Industry), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15H2037 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 69 | Figures: 75

Specialty Silica Market News

In September 2023, Ecovyst Inc., a leading integrated and innovative provider of specialty catalysts and services, announced plans to expand silica catalyst production capability at its manufacturing facility in Kansas City, KS.

In June 2023, Univar Solutions Inc., a leading global solutions provider to users of specialty ingredients and chemicals, announced that the Company has reached an agreement with W. R. Grace & Co. ("Grace") to distribute Grace's SYLOID® FP silica for pharmaceutical and nutraceutical markets in the majority of European countries.

In June 2023, Solvay announced the new names of the future independent publicly traded companies that will result from its planned separation into two industry leaders: SOLVAY and SYENSQO. The new names will be effective upon completion of the planned separation of Solvay, which is on track to be completed in December 2023, following the satisfaction of customary conditions.

Specialty Silica Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global specialty silica market size was valued at USD 6.38 Billion in 2022 and is poised to grow from USD 6.70 Billion in 2023 to USD 9.9 Billion in 2031, at a CAGR 5.0% during the forecast period (2024-2031).

The market for specialty silica is extremely competitive, with major multinational corporations dominating the industry. Rising product demand in many regions and industries has prompted these organizations to enhance R&D investments and concentrate on developing novel products. 'Evonik Industries AG', 'Cabot Corporation', 'W.R. Grace & Co.', 'PPG Industries, Inc.', 'Solvay S.A.', 'Huber Engineered Materials', 'Imerys SA', 'Tokuyama Corporation', 'Madhu Silica Pvt. Ltd.', 'Akzo Nobel N.V.', 'Nalco Holding Company', 'PQ Corporation', 'Wacker Chemie AG', 'Oriental Silicas Corporation', 'Anten Chemical Co., Ltd.', 'Tosoh Corporation', 'Fuso Chemical Co., Ltd.', 'Kadvani Chemicals Pvt. Ltd.', 'J.M. Huber Corporation', 'Cabot Microelectronics Corporation'

Asia Pacific dominated the specialty silica market, accounting for more than 40% of total revenue in 2022. Growing economic development in the region's emerging countries is expected to play a significant influence in increasing tire production. Furthermore, the coating sector is likely to rise as the region's construction activity increases. Product demand is causing market leaders to expand their manufacturing facilities. For instance, the Evonik Wynca (Zhenjiang) Silica Materials commenced operations in 2021, generating Evonik's first synthesized silica factory in China. Evonik intends to position itself by establishing a worldwide supply chain for its Chinese and Asian customers.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Specialty Silica Market Size, Share, Growth Analysis, By Product(Precipitated Silica, Fumed Silica, Fused Silica, Silica Gel), By Application(Rubber, Agrochemicals, Oral Care, Food Industry), By Region - Industry Forecast 2024-2031

Specialty Silica Market News

Specialty Silica Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Specialty Silica Market?

Who are the key vendors in the Specialty Silica Market?

What is the key driver of Specialty Silica Market?

What is the key market trend for Specialty Silica Market?

Which region accounted for the largest share in Specialty Silica Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300