According to Stratistics MRC, the Global Specialty Silica Market is accounted for $4.78 billion in 2016 and is expected to reach $7.42 billion by 2023 growing at a CAGR of 6.4% during the forecast period. Rising applications of specialty silica across several industry verticals, growing RD spending and favorable government regulations in developed nations are the key factors fueling the market growth. However, presence of cost competitive substitutes to silica gel is hampering the market.
By product, fumed silica segment is anticipated to grow at a significant rate attributed to its extensive usage in paints coatings. By geography, Asia Pacific is expected to dominate the market share due to increased growth in the rubber, electronic components and cosmetics personal care application segments in emerging countries.
Some of the key players in Specialty Silica Market include Huber Engineered Materials, Evonik Industries, Solvay SA, Madhu Silica Private Limited, Akzo Noble N.V., Nalco Holding Company, Cabot Corporation, PPG Industries, Qingdao Makall Group Inc., W.R Grace and Company, Tokuyama Corporation and J.M.Huber.
Products Covered:
Precipitated Silica
Fused Silica
Fumed Silica
Colloidal Silica
Silica Gel
Applications Covered:
Plastics
Rubber
o Tire
o Industrial
o Footwear
Ink, Paints and Coating
Electrical and Electronics
Food and Beverages
Agriculture and Animal Feed
Personal Care Cosmetics
Crop Protection
Other Applications
o Textiles
o Paper
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East Africa
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Original Article: Specialty Silica Global Market Outlook 20172023 [Report Updated: 01082017] Prices from USD $4150
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