Silica Market: Global Opportunity Analysis and Industry Forecast, 2021-2031 Market

Silica Market Analysis 2020-2027:

Silica, also known as silicon dioxide, is a chemical compound that is composed of silicon and oxygen. It can be found in crystalline form and has three crystalline varieties such as quartz, tridymite, and cristobalite. It is a nonreactive and colorless compound, consisting a silicon atom and two oxygen atoms. Silica when combined with tier rubbers help in the reduction of the rolling resistance of tiers while simultaneously of the product in tires. Furthermore, silica finds its applications in glass manufacturing, fillers for paints, and rubber industry, which acts a key driving force of the global silica market. It is a popular anti-blocking agent used in thermoplastic films and a matting agent in paints and varnishes.  

COVID-19 impact analysis

The global market for silica is severely impacted by the outbreak of the COVID-19 pandemic. The decline in industrial activities due to pandemic will hamper the growth of the market. This is attributed to the fact that the use of silica in construction and production of rubber is the highest, and the outbreak of the pandemic has forced these industries to nearly stop their operations to comply with the government regulations such as social distancing.  Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap. Thus, insufficiency in raw material supply is expected to affect the production rate of silica, thus negatively impacting the silica supply chain management. 

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:

Increase in production of rubber and tire and surge in demand for coatings in the construction industry are the major factors driving the growth of the global silica market. In addition, rise in demand among people for matting agents to prevent the glossy effect on skin after application of cosmetics is boosting the market growth. Furthermore, silica is used widely in the automotive industry as coating materials; thus, expansion of the automotive industry is significantly contributing toward the growth of overall market. Moreover, utilization of silica sand in water filtration, water treatment plants, industrial abrasives, golf courses, and other applications such as in sports fields have augmented the demand of silica, thereby propelling the market growth. However, price fluctuations and usage of silica with super-plasticizer are predicted to demote the growth of market in the projected period. 

New product launches to flourish the market

New products that exhibit improved capabilities have been launched by leading market players. For instance, India Minerals Limited has developed silica nano-particle known as mesoporous silica that can be used in biomedicine segment. Furthermore, manufacturers have taken necessary steps to improve the accuracy of new products and overall functionality. In addition, market players are seeking opportunities to expand their range of silica products in different segments of pharmaceuticals and commercial. Moreover, partnerships, acquisitions, agreements are the key strategies adopted by manufactures to sustain their position in the competitive landscape. Market players are further focusing on producing silica at domestic level and operate by exporting to other regions to expand their business.

Surge in usage in healthcare and commercial applications 

Manufacturers have been focusing on producing new products for specific applications, as there are varying demands based on the utilization. Silica is used a polishing agent, abrasive agent, and anti-blocking agent in many industries. In addition, it prevents polymer layers to tick to each other during polymerization process. Silica is used for in many applications as performance additive, owing to its low rolling resistance property.

Key benefits of the report

• This study presents the analytical depiction of the global silica industry along with the current trends and market estimation to determine the imminent investment pockets.
• The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the silica market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• The report provides a detailed global silica market analysis based on competitive and how the competition will take shape in coming years.
• This report helps users in comprehending the key product segments and their future.

Questions answered in the global silica market research report:

• Which are the leading players active in the global silica market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What should be the response of the silica market players amid the COVID-19 pandemic?
• What are the projections for the future that would help in taking further strategic steps?
• What is the outlook of the industry?
• What are the emerging key segments in the silica market?
• What are the major changes and assessments in market dynamics?

 Silica Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights