What is Silicon Dioxide?
Silicon dioxide (SiO2) is a natural compound, also known as silica, made of two of the earth’s most abundant materials, silicon (Si) and oxygen (O2). It is most often recognized in the form of quartz. Silicon dioxide is found naturally in water, plants, animals, and the earth. The earth’s coating is 59 percent silica and it makes up more than 95 percent of known rocks on the planet. It is even found naturally in the tissues of the human body. Further, silicon dioxide is also added to many foods and supplements. As a food additive, it serves as an anticaking agent to avoid clumping and in supplements, it is used to prevent the various powdered ingredients from sticking together.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Sigma-Aldrich Co. LLC. (United States), Alufluor AB (Sweden), Gelest, Inc. (United States), American Elements (United States), Golovach Quartz (Vietnam), Evonik Industries AG (Germany), Tosoh Silica Corporation (Japan), Kurt J. Lesker Company (United States), Sinosi Group Corporation (China) and Wacker Chemie AG (Germany) |
CAGR | 6.2% |
The Global Silicon Dioxide market is expected to see growth rate of 6.2% and may see market size of USD10.9 Billion by 2028. The study covers a detailed analysis segmented by key business segments i.e. , by application (Adhesives and sealants, Coatings, Food additives, Greases, Composites, Printing and packaging and Others) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Silicon Dioxide market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Silicon Dioxide market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Sigma-Aldrich Co. LLC. (United States), Alufluor AB (Sweden), Gelest, Inc. (United States), American Elements (United States), Golovach Quartz (Vietnam), Evonik Industries AG (Germany), Tosoh Silica Corporation (Japan), Kurt J. Lesker Company (United States), Sinosi Group Corporation (China) and Wacker Chemie AG (Germany).
The Food and Drug Administration (FDA) is amending the regulations for food additives permitted in feed and drinking water of animals to provide for the safe use of silicon dioxide as a carrier for flavors for use in animal feed.
The global silicon dioxide players are focusing on strategic partnerships to improve their products and services. In addition, the companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Influencing Trend:
Increasing Use in Electronic Industry
Market Growth Drivers:
Richness Functionality and Occurrence of Silicon Dioxide and Huge Demand from Food Industry
Challenges:
Health Issues Regarding Silicon Dioxide
Restraints:
Concerns Regarding Direct Exposure to Silicon Dioxide
Opportunities:
Potential Growth Offered By Developing Nations
Key highlights of the Global Silicon Dioxide market Study:
CAGR of the market during the forecast period 2023-2028
In-depth information on growth factors that will accelerate the Silicon Dioxide market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Silicon Dioxide market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Silicon Dioxide Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Silicon Dioxide market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Silicon Dioxide market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using 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 Manufacturers of Silicon Dioxide, Wholesalers, Distributors and Retailers of Silicon Dioxide, Food Industry, Chemical Industry, Governmental Bodies and Research Firms.
This helps us to gather the data for the 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.