What is Silicon Powder -?
Silicon is one of the most beneficial factors to mankind. Most is used to make alloys along with aluminium-silicon and ferro-silicon (iron-silicon). These are used to make dynamo and transformer plates, engine blocks, cylinder heads and computing device equipment and to deoxidise steel. Silicon is additionally used to make silicones. Silicon powder broadly used in semiconductor technology, pc microchips, transistors and photo voltaic cells. Silicon powder is additionally used to manufacture different silicon compounds. The method to make silicon is complicated and entails many stages. This onerous manner contributes to silicone rubber's top class fee in contrast to herbal rubber. Main sources of silicone are herbal foundation silica stone (SiO2), water, and herbal gas-derived methanol. Silicones are used in sealants, lubricants, medicine, cooking utensils, thermal insulation, and others. Some frequent varieties encompass silicone oil, silicone grease, silicone rubber, silicone resin, and silicone caulk.
The market study is broken down by Type (Undensified Silica Fume, Densified Silica Fume and Semi Densified Silica Fume), by Application (Powdered food, Anti-caking agent, Dental casting powder and Others) and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Evonik Industries AG (Germany), Gujarat Multi Gas Base Chemicals Pvt. Ltd. (China), Industrias Quimicas del Ebro, S.A. (IQE Group) (Spain), Madhu Silica Pvt. Ltd. (India), Oriental Silicas Corporation (Taiwan), PPG Industries, Inc. (United States), PQ Corporation (United States), Quechen Silicon Chemical Co., Ltd. (China), Solvay S.A. (Belgium), Tosoh Silica Corporation (Japan) and W.R. Grace & Co. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Silicon Powder - market by Type, Application and Region.
On the basis of geography, the market of Silicon Powder - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-users, the sub-segment i.e. Textile will boost the Silicon Powder - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Evonik has acquired German biotech company JeNaCell. The acquisition expands Evonik’s biomaterials portfolio to provide biotechnologically derived cellulose. The nature-identical material developed by JeNaCell is used in medical technology and dermatology for the treatment of wounds and burns as well as in hydroactive skin care. The employees of JeNaCell will continue to work at the development and production site based in Jena, Germany.
In 2021, Evonik launches new EUDRATEC® technology to improve solubility of oral small molecules. Evonik now offers EUDRATEC® SoluFlow, a new microparticle technology to enhance solubility of active pharmaceutical ingredients in oral drug products. This emulsion- based process technology overcomes solubility hurdles that cannot be resolved by existing manufacturing technologies. As more than 70 percent of new small molecules are insoluble, EUDRATEC® SoluFlow therefore enables the development of new oral therapeutics in diverse areas such as cancer, cardiovascular diseases, infectious diseases, and diabetes.
Market Trend
- Rising Use in Construction Industry and Energy Sector
Market Drivers
- Increasing use of Silica Powder in Various Applications
- Rising Awareness about the Benefits of Silica Powder
Opportunities
- Rise demand in Paints, Coatings and Sealants Industries
Restraints
- Rise in Price of Raw Materials
- Limited Number of local Distributors
Challenges
- Adverse effect of Silica on Human Health
- Availability of very Limited Resources of Quartz & Development of Substitutes for Silica in the market
Key Target Audience
Manufacturers of Silicon Powder, Distributors and Suppliers of Silicon Powder, Raw Material Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.