The major players functional in the specialty silica market share are AkzoNobel, PPG Industries, Solvay, Cabot Corporation, Madhu Silica Private Limited, Huber Engineered Materials, Tokuyama Corporation, Evonik Industries, W. R Grace & Company and Nalco Holding Company.
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Global Specialty Silica Market size is likely to witness a prominent growth, expanding at a moderate CAGR over the forecast period. Specialty silica, chemical name silicon dioxide, is largely available in nature as quartz. Specialty silica is used in wide range of industries including paints & coatings, rubber, personal care & cosmetics, electronic components, refractories, food & beverage and plastics.
Enormous investments in research & development along with technological advancements for cost competitive product manufacturing, is expected to have a positive influence on the global specialty silica market size by 2024. Regulatory approvals by numerous associations such as U.S Department of agriculture and FDA pertaining to the product use in food & beverage industry will be the factor driving specialty silica market size in the forecast period.
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The rising demand for oral care and cosmetic products in developing countries, will be escalating the specialty silica market size in the coming years. For instance, the global cosmetic industry sales in likely to expand at over 5% CAGR from 2017 to 2024. Furthermore, due to the abrasion resistance and high tensile strength of the product, it is highly desirable in rubber industry. The steady growth in automobile industry all over the world, especially on a larger scale in Asia Pacific, will propel the demand in rubber industry that will eventually augment the specialty silica market size over the forecast timeframe.
Sluggish growth of end-user industries of such as paper and paints & coatings in developed regions, particularly Europe will probably hinder the specialty silica market size in the forecast timespan. Moreover, availability of cost competitive alternatives to silica gel and colloidal silica is also a threat to the industry growth. However, various tire manufacturers are considering uses the product in manufacturing green tires, thus creating new growth avenues for the specialty silica market share contributors over the forecast timespan.
The Specialty silica Market reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. Specialty silica Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Specialty silica Market Product Insights
5. Specialty silica Market Application Insights
6. Specialty silica Market Regional Insights
7. Competitor Profiles
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The specialty silica market size, in terms of demand and production is led by the Asia Pacific. India, china, south Korea and Japan are the main consumers of product due to rising demand of the paints & coatings in automobile and construction industry, which has perpetually influenced the specialty silica market size. Also, automobile manufacturers in Asia Pacific are actively moving towards green tire development and pursuing it as future business, thus propelling the product demand in the near future. North America is the second biggest consumer of the product. This can be attributed to their high efficiency and increasing application scope in green tire development.
1 Specialty silica Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Specialty silica Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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The major players functional in the specialty silica market share are AkzoNobel, PPG Industries, Solvay, Cabot Corporation, Madhu Silica Private Limited, Huber Engineered Materials, Tokuyama Corporation, Evonik Industries, W. R Grace & Company and Nalco Holding Company.
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Name: Arun Hedge
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Organization: Global Market Insights, Inc.
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Website: https://www.gminsights.com/industry-analysis/specialty-silica-market
Source: MarketersMedia
Release ID: 88890480
