Specialty Silica Market Forecast, Size and Gross Margin Analysis by 2030

Posted on 2023-01-10 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Jan 10, 2023 — /EPR Network/ —

Specialty Silica Industry Overview

The global specialty silica market size was valued at USD 5.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030.

The growth of the market for specialty silica is attributed to the rising demand for rubber and paints and coatings across different industries such as construction and electric vehicles. A significant rise in the production of Electric Vehicles (EVs) is expected to provide a lucrative opportunity for the tire market, which is anticipated to positively influence specialty silica demand. In 2021, the global EV sales reached 6.6 million, which was more than double as compared in 2020.

Gather more insights about the market drivers, restrains and growth of the Global Specialty Silica Market

The U.S. holds the largest share of the market for specialty silica in North America. The U.S. automotive industry has shown significant growth in the EVs segment. This has led to the rising demand for advanced and high-efficient rubber tires. Growing production of these vehicles in the country is expected to have a positive influence on specialty silica demand from the U.S. tire industry. For instance, in May 2021, Lion Electric announced that they are going to construct the largest medium and heavy-duty EV plant in the country. The company is expected to invest USD 70 million over a period of three years. The plant is anticipated to have a production capacity of 20,000 all-electric buses and trucks.

Furthermore, the U.S. government is focused to provide affordable homes to its residents, which is expected to propel the demand for paints and coating. For instance, in September 2021, the House Democrats passed the Build Back Better Act, which is expected to allocate a financial aid of USD 170 billion for affordable housing. The government is targeting to preserve or build over one million affordable homes. Increasing product demand from various application industries such as packaging, rubber, and paints and coating is expected to propel market growth over the coming years. For instance, in November 2021, Nouryon announced that they are planning to expand the capacity of their Levasil colloidal silica manufacturing plant in the U.S. The expansion is aimed to meet the increasing demand from the packaging and construction industry.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

Sintered Metal Filters Market – The global sintered metal filters market size was estimated at USD 1.31 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2022 to 2030.
Pottery Ceramics Market – The global pottery ceramics market size was valued at USD 10.72 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2022 to 2030.

Specialty Silica Market Segmentation

Grand View Research has segmented the global specialty silica market on the basis of product, application, and region:

Specialty Silica Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- Precipitated silica
- Fumed Silica
- Fused Silica
- Silica Gel
- Colloidal Silica
Specialty Silica Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- Rubber
- Agrochemical
- Oral Care
- Food Industry
- Desiccants
- Paints & Coating
- Others
Specialty Silica Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Specialty Silica market include

Elkem
Evonik Industries AG
Madhu Silica Pvt. Ltd.
Nouryon
Oriental Silicas Corporation
PPG Industries, Inc.
PQ Corporation
Sinosi Group Corporation
Solvay
Tosoh Corporation
Wacker Chemie AG
W.R. Grace & Co.

Order a free sample PDF of the Specialty Silica Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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