The global Specialty Silica Market size was significantly robust in 2020 and is expected to register a rapidly inclining revenue CAGR over the forecast period. Increasing demand from the rubber and coatings sector is a key factor expected to drive market revenue growth over the forecast period. Ability of specialty silica to function as an anticaking, polishing, clarifying, and anti-blocking agent, is also expected to boost revenue growth of the market over the forecast period.
Specialty silica is extensively used for the formulating process of different products and components, especially in electronics, rubber, automotive, healthcare, paints, food, personal care goods, inks, coatings, and other industries. The combination of alkaline silicate with sulphuric or hydrochloric acid produces a residue of this chemical. In the following stage of the process, sulphuric acid solution and sodium silicate are added to the water. It comes in the form of coarse spherical stones. Specialty silica is also utilized in the tire industry as a performance enhancer because of its low rolling resistance property. The use of specialized silica as a matting agent can reduce the glossy appearance on the skin caused by the use of cosmetics. It may also be used as a clarifying and polishing agent, as well as an abrasive. During polymerization, anti-blocking agents, such as specialty silica, can be employed to keep polymer layers from adhering together.
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Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Specialty Silica market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, RD investments and new product launches to gain robust footing in the market and expand their product portfolio.
Key Companies in the market include: 3M (Ceradyne Inc.), Cabot Corporation, Denka Company Limited, Merck KGaA, W. R. Grace Co., Evonik Industries AG, and Wacker Chemie AG.
Report Overview:
The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Specialty Silica market is expected to register robust revenue growth during the forecast period, 2021-2028. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
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Market Segmentation:
Product Outlook (Revenue, USD Billion; 2018-2028)
- Precipitated Silica
- Fumed Silica
- Fused Silica
- Silica Gel
- Colloidal Silica
Application Outlook (Revenue, USD Billion; 2018-2028)
- Rubber
- Crop Protection
- Paints Coatings
- Food Beverages
- Animal Feed
- Plastics
- Personal Care Cosmetics
- Adhesives Sealants
- Chemical Mechanical Planarization [CMP]
- Composites
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key questions covered in the global Specialty Silica market report:
- What is the expected market size of the global Specialty Silica market during the forecast period?
- What factors are expected to hamper global Specialty Silica market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Specialty Silica market?
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