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The specialty silica market size is forecast to increase by USD 4.37 billion at a CAGR of 7.3% between 2022 and 2027. Market expansion is influenced by various factors, notably the increasing utilization of precipitated in the food sector, the rising adoption of aerogel in construction applications, and the growing demand from the personal care industry. With precipitated silica finding diverse applications in food products, aerogel gaining traction in construction for its thermal insulation properties, and the personal care sector leveraging more benefits, the market experiences a broad spectrum of growth opportunities across multiple sectors. Furthermore, the report includes historic market data from 2017 to 2021.
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This report extensively covers market segmentation by application (rubber, personal care, food feed and agriculture, inks paints and coatings, and others), type (precipitated silica, fumed silica, colloidal silica, silica gel, and fused silica), and geography (APAC, Europe, North America, South America, and Middle East and Africa)
The market share growth by the rubber segment will be significant during the forecast period. Silica is commonly used in various rubber products like tires, industrial rubber, silicone rubber, and footwear. There are various reasons behind the use in rubber products. For example, precipitated silica is used as reinforcing fillers in the manufacture of tires.
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The rubber segment was valued at USD 2.79 billion in 2017. Silica is used in tires because it improves fuel efficiency, provides superior tear and tensile strength, improves cut and chip behavior, imparts resistance to abrasion, possesses anti-skid and better dynamic properties, and reduces heat build-up. Therefore, increasing demand for rubber from tire manufacturers of passenger cars, motorcycles, trucks, and heavy-duty equipment is expected to propel this market during the forecast period. Additionally, the high demand from the expanding electronics industry, mainly to absorb moisture from electronic products, will also have a positive impact on the growth of this market.
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APAC is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The leading countries, both in terms of production and consumption in APAC, include India, China, Japan, and Australia. The increasing demand for rubber products, primarily led by the high demand for tires from the growing automotive industry, is expected to drive this market during the forecast period. Furthermore, the wide usage in personal care products; food, feed, and agricultural products; and ink, paints, and coatings will also have a positive impact on the growth of the market in the region during the forecast period.
The market plays a pivotal role in various sectors, including the construction industry and the growing market for electric vehicles (EVs). With the surge in EV sales, manufacturers like Lion Electric are increasingly relying on specialty silica for advanced and high-efficient rubber tires. This aligns with global initiatives for VOC emission reduction, especially in the tire market, where green tires are gaining traction. Additionally, the market witnesses opportunities in sectors aiming for VOC reduction, such as affordable housing. Market insights from sources like Modern Tire Dealer and the China Association of Automobile Manufacturers (CAAM) guide industry players amidst challenges like factory closures, with a focus on innovative solutions like Liquid Silicone Rubber (LSR) and High-Temperature Vulcanized (HTV) rubber over the next three years. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand from the personal care industry is notably driving market growth. Owing to its excellent spreading property, glossiness, and improved texture there is a rise in the silica gel demand in personal care products. The low viscosity changes in silica gel for a wide temperature range make it suitable for use in personal care products. The solubility of specialty silica in most anhydrous alcohols and solvents used in personal care products is expected to augment market growth. Further, specialty silica, essential in various industries, including personal care, faces challenges due to substitute products, highlighting the critical role of desiccants to ensure optimal production capacity and quality control.
Specialty silica is commonly used in the formulation of skincare and hair care products, such as shampoos, deodorants, cleansing creams, antiperspirants, lotions, and bath oils. The demographic factors and growing beauty consciousness among individuals will contribute to the growth of the market for personal care products. Furthermore, specialty silica presents an opportunity for industries, including those reliant on semiconductors, to enhance global supply networks and address the expensive nature of materials by offering cost-effective solutions that can serve as substitutes, fostering innovation and efficiency. Thus, such developments are expected to drive the growth of the global market during the forecast period.
The development of environment-friendly products is an emerging trend in the market. The increased emphasis on R&D to develop environment-friendly silica gel products, owing to increasing global awareness about environment protection, has resulted in the recent introduction of safer silica gel products in the market.
One of the developments has been the introduction of Eco Blue Silica Gel by Nantong OhE Chemicals. This product does not contain cobalt dichloride or cobalt chloride, the main environmental pollutants usually found in allochroic products, while it still has the same level of efficiency. With other manufacturers developing and introducing newer products with lower percentages of these chemicals, the development of environment-friendly products will positively impact the market during the forecast period.
Low-quality and low-priced product offerings are major challenges impeding market growth. Several regional and global vendors operate in the market, and small regional and local vendors generally find it difficult to maintain the quality of their products. Different grades of specialty silica products are required for different applications. Production of a specific grade of silica is complex and requires technical knowledge and advancements, and as most regional vendors do not have access to such know-how, sometimes they provide low-quality and low-cost silica products compared to the product offerings of global vendors. This directly affects the sales of international players and reduces their profit margins.
Low-quality precipitated silica decreases the end-product quality and hampers the end-user industries. Furthermore, new entrants could be a greater challenge in the long term for the market. As a result, international players need to concentrate on improving their products in terms of quality and services offered to attract customers and maintain brand loyalty. Therefore, these factors will hamper the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is experiencing significant growth, driven by various industries such as the EVs segment, the packaging industry, and the rubber industry. Particularly, the precipitated silica segment is witnessing high demand due to its versatile applications in PVC sheets, optical parts, and conveyor belts. Amid lockdowns and virus concerns, specialty silica offers crucial properties like mechanical strength, electrical insulation, and moisture absorption. It plays a vital role in enhancing the performance of products ranging from phones and laptops to skincare products and crop protection products, ensuring purity and efficacy in various applications.
Additionally, the market continues to thrive with diverse applications across numerous sectors. As demand for affordable homes rises, specialty silica finds its place in plastic products used in construction, thanks to its role as an active filler enhancing mechanical properties. In automotive production and tire production, specialty silica minimizes hysteresis loss and improves tread wear, crucial for replacement passenger tires. Moreover, it contributes to electrical properties in optical fibers, smartwatches, and electronic devices while being a vital component in powders, sealants, and adhesives used across oil and gas production, food additives, and drug formulations.
Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.3% |
Market growth 2023-2027 |
USD 4.37 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.1 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 51% |
Key countries |
US, China, India, Germany, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Antenchem, Cabot Corp., Denka Co. Ltd., Ecolab Inc., Elkem ASA, Evonik Industries AG, Fuji Silysia Chemical Ltd., Fuso Chemical Co. Ltd., Glassven C.A., Gujarat Multi Gas Base Chemicals Pvt. Ltd., Madhu Silica Pvt. Ltd., Nouryon Chemicals Holding BV, Oriental Silicas Corp., PPG Industries Inc., PQ Group Holdings Inc., Sinosi Group Corp., Solvay SA, Tosoh Silica Corp., W. R. Grace and Co., and Wacker Chemie AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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