Global Specialty Silica Market Overview:
Specialty silica is used in a wide range of industries like tire manufacturing, building and construction, and other industries which are related to rubber. Electrical & electronics, agricultural and feed, inks & coatings, personal care, food & beverages, and other industries use specialty silica. Chemical and thermal processing of natural silica or silicon metal, or as a by-product of other mineral or chemical processing, are the primary methods of producing specialty silicas. Changing market trends, such as increased tire usage, as well as pent-up demand in the housing and construction industries, will boost demand for specialty silica.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Research to Find New Applications of Specialty Silica
Market Growth Drivers:
Need of Specialty Silica in Rubber Manufacturing and The demand for Specialty Silica in the Construction Industry
Challenges:
Fierce Competition in The Market of Speciality Silica
Restraints:
Negative Impact on Demand of Specialty Silica Due to Covid-19 Pandemic
Opportunities:
Rise Of Automotive Industry Will Boost the Demand of Specialty Silica and Growing Manufacturing in Developing Economies Will Increase the Demand for Specialty Silica
Competitive Landscape:
Some of the key players profiled in the report are Evonik Industries AG (Germany), Solvay SA (Belgium), Akzo Nobel NV (Netherlands), Huber Engineered Materials (United States), Madhu Silica Pvt. Ltd. (India), Tata Chemicals (India), Gangotri Inorganic Private Limited (India), Deepali Minerals (India), Regoj Chemical Industries (India) and Lamit Chemicals (India). Considering Market by Industry Verticals, the sub-segment i.e. Rubber will boost the Specialty Silica market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Specialty Silica market. Considering Market by Grade, the sub-segment i.e. Chemical Grade will boost the Specialty Silica market.
Latest Market Insights:
In Feb 2017, Tata Chemicals announced the completion of the acquisition of the Silica business from Allied Silica. On a slump sale basis, the Company entered into a Business Transfer Agreement with Allied Silica Limited to acquire their precipitated silica business for a consideration of up to 123 crores. This acquisition is part of an Rs. 295 crore investments in this specialty business approved by the Board in February 2017.
According to FDA regulations, for use of silica in food “Amorphous fumed hydrophobic silica: Not less than 99.0 percent silicon dioxide after ignition. Not more than 3 ppm arsenic. Not more than 0.003 percent heavy metals (as lead). Not more than 10 ppm lead. Not more than 2.5 percent loss on drying. Not no more than 2 percent loss on the ignition after drying. Not more than 1 percent insoluble substances. Not more than 50 parts per million dichloro dimethyl silane.”
What Can be Explored with the Specialty Silica Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Specialty Silica Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Specialty Silica
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Specialty Silica market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Specialty Silica market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Specialty Silica Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.