Specialty Silica Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type Of Product (Precipitated Silica, Fumed Silica, Silica Gel, Others), By Application (Rubber Goods, Heat Stability, Anticaking, Others), By End User Industry (Manufacturing, Chemicals, Personal Care & Cosmetics, Others), And By Geography - Forecasts From 2022 To 2027
- Published : Sep 2022
- Report Code : KSI061611490
- Pages : 111
The specialty silica market was valued at US$3.716 billion in 2020 and is projected to expand at a CAGR of 9.37% over the forecast period to reach US$6.958 billion by 2027. Increasing adoption of packaging materials in the automotive, food and beverage, and other industries, along with lower consumption costs and greater capacity utilization rates, is the major factor that is driving the specialty silica market growth.
Specialty silica is extensively used in several applications such as rubber, paints & coating, agriculture, personal care, food & beverages, etc. due to its ability to absorb moisture and keep things dry. Its demand has increased in personal care and cosmetics owing to its unique properties such as anti-caking, UV protection, and dispersion. Rising environmental concerns and the need to use environmentally friendly products will further boost the market’s growth. However, the high cost of specialty silica and the availability of low-cost substitutes will restrain the market’s growth.
By Type of Product
By the type of product, the specialty silica market has been segmented into precipitated silica, fumed silica, silica gel, and others. Others include hydrophilic silica, hydrophobic silica, and silicates. Silica Gel is dominating the market as it is extensively used as a drying agent in industries such as painting and coating, plastic, food, pharmaceutical, and personal care industries.
By application, the specialty silica market has been segmented into rubber goods, heat stability, anti-caking, printing sharpness, and others. Specialty silica is widely used as an anti-caking and carrying agent in cosmetics, fertilizers, and synthetic detergents as it allows the products to freely flow when they are being used. They are often used in products that are prone to clumping.
By End-User Industry
By the end-user industry, the specialty silica market has been segmented into manufacturing, chemicals, electronics, personal care and cosmetics, and others. Others include mining, oil & gas, and pharmaceuticals. Due to its high tensile strength and abrasion resistance, specialty silica is widely used in the rubber industry.
Geographically, the specialty silica market has been segmented into the following: North America, Europe, Middle East & Africa, Asia-Pacific, and South America region. Asia Pacific region will grow at an impressive rate over the forecast period owing to the booming automotive industry in terms of demand for vehicles as well as the production of tires which will impact the specialty silica market growth in a positive manner.
Covid-19 Impact on Specialty Silica Market:
The outbreak of the Covid-19 Pandemic severely impacted the specialty silica market growth in 2020 due to the sharp decline in manufacturing activities. The key end user of synthetic silica, the automotive industry reported a reduction in sales in 2020 which has decreased the demand for specialty silica across the industry. Moreover, massive disruptions in the supply chain, the shutdown of various industries, lack of skilled workforce have further impacted the overall market growth. However, specialty silica sales are anticipated to rise between 2020 to 2027 due to the expansion and advancements in end-user industries.
- Nov 2021: Nouryon announced its plans to expand the capacity of its Levasil colloidal silica manufacturing plant in the U.S. With the help of this expansion plant the company will meet the increasing demand from the packaging and construction industry.
- May 2021: Lion Electric announced its new project under which the company will construct the largest medium and heavy-duty EV plant in the U.S. the company has invested USD 70 million over the period of the last three years. This project is projected to drive the demand for specialty silica across the automotive sector of the country.
- May 2021: W. R. Grace and Co. announced that it has completed the expansion of its manufacturing plant of silica gel in Kuantan, Malaysia. The plant will cater to the growing demand from various industries such as biofuel, purification anti-blocking in plastic films and bags, leather, and coils.
Specialty Silica Market Scope:
|Market Size Value in 2020||US$3.716 billion|
|Market Size Value in 2027||US$6.958 billion|
|Growth Rate||CAGR of 9.37% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type of Product, Application, End User Industry, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Evonik Resource Efficiency GmbH, BASF SE, Clariant, Speciality Silica Private Ltd., Akzo Nobel N.V., Cabot Corporation, Wacker Chemie AG., PPG Industries, Inc., Standard Industries Holdings Inc., Ecolab|
|Customization Scope||Free report customization with purchase|
- By Type of Product
- Precipitated Silica
- Fumed Silica
- Silica Gel
- By Application
- Rubber Goods
- Heat Stability
- Anti caking
- By End User Industry
- Personal Care & Cosmetics
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. SPECIALTY SILICA MARKET BY TYPE OF PRODUCT
5.1. Precipitated Silica
5.2. Fumed Silica
5.3. Silica Gel
6. SPECIALTY SILICA MARKET BY APPLICATION
6.1. Rubber Goods
6.2. Heat Stability
6.3. Anti caking
7. SPECIALTY SILICA MARKET BY END-USER INDUSTRY
7.3. Personal Care & Cosmetics
8. SPECIALTY SILICA MARKET BY GEOGRAPHY
8.2. North America
8.2.1. United States
8.3. South America
8.4.4. United Kingdom
8.5. Middle East and Africa
8.5.2. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
8.6.8. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Evonik Resource Efficiency GmbH
10.2. BASF SE
10.4. Speciality Silica Private Ltd.
10.5. Akzo Nobel N.V.
10.6. Cabot Corporation
10.7. Wacker Chemie AG.
10.8. PPG Industries, Inc.
10.9. Standard Industries Holdings Inc.
Evonik Resource Efficiency GmbH
Speciality Silica Private Ltd.
Akzo Nobel N.V.
PPG Industries, Inc.
Standard Industries Holdings Inc.
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