Knowledge Sourcing Intelligence announces the publication of a new analysis report based on the “Specialty Silica Market - which is forecasted from 2020 to 2027”.
The prime factor driving the growth of the Specialty Silica Market is the rising adoption of packaging materials in various industries like automotive, food and beverage, and others, along with much lower consumption costs and higher capacity utilization rates.
As per the report, the market of Specialty Silica Market is expected to grow at a steady pace.
Specialty silica is widely used in a number of applications like rubber, agriculture, paints and coating, food & beverages, personal care and so on. This is possible owing to its ability to absorb moisture and keep things as dry as possible. The demand for specialty silica has increased significantly in personal care and cosmetics due to its unique properties such as UV protection, anti-caking, and dispersion. Growing environmental concerns and the need to use environmentally friendly products are further expected to boost growth in the market.
Based on the type of product, the Specialty Silica Market offers precipitated silica, fumed silica, silica gel and others. Silica Gel holds the dominant market share as it is very widely used as a drying agent in industries like pharmaceutical, plastic, food, painting and coating, and personal care.
Based on application, the Specialty Silica Market provides rubber goods, heat stability, anti-caking and others. Specialty silica is extensively used as an anti-caking and carrying agent in fertilizers, synthetic detergents and cosmetics as it allows the products to flow freely when they are being used.
Based on the end-user industry, the Specialty Silica Market caters to manufacturing, chemicals, personal care and cosmetics and others. specialty silica is very often used in the rubber industry, owing to its high tensile strength and resistance towards abrasion.
Based on geography segmentation, the Specialty Silica Market is segmented into North America, Europe, South America, the Middle East and Africa, and Asia Pacific regions. Geographically, the Asia Pacific region is likely to account for a sizable market share and to experience quick expansion owing to the burgeoning automotive industry regarding the demand for vehicles as well as the production of tires, which is expected to impact the growth of the specialty silica market positively.
As a part of the report, the major players operating in the Specialty Silica Market have been covered. The key players of the Specialty Silica Market include Evonik Resource Efficiency GmbH, BASF SE, Clariant, Specialty Silica Private Ltd., Akzo Nobel NV, Cabot Corporation, Wacker Chemie AG, PPG Industries Inc, Standard Industries Holdings Inc., and Ecolab.
This analytics report segments the Specialty Silica Market on the following basis: