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Allied Market Research

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

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Jun 2021 | 179 Views
 
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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.  

Scope of the report

                Report Metric

                                      Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Application, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific), LAMEA (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa

  Companies covered

Akzonobel, PPG Industries, Cabot Corporation, Madhu Silica Private Limited, Evonik Industries, Solvay, Fairmount Santrol, U.S. Silica, All India Minerals Limited, and Fujian Sanming Zhengyuan Chemical Co., Ltd.

 

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 segments covered

          Segment

                            Subsegment

  By Product

  • Fumed
  • Precipitated
  • Colloidal
  • Fused Silica
  • Silica Gel
  • Others

  By Application

  • Paints
  • Coatings
  • Others

  By Region

 

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

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?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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