According to the latest report by IMARC Group, titled “Specialty Silica Market by Product (Precipitated Silica, Fumed Silica, Fused Silica, Silica Gel, Colloidal Silica), Application (Rubber, Agrochemicals, Oral Care, Food Industry, Desiccants, Paints and Coatings, and Others), and Region 2023-2028,” the global specialty silica market size reached US$ 6.8 Billion in 2022. Specialty silica refers to a group of high-purity, amorphous silicon dioxide materials with specialized properties and applications. It is distinct from common crystalline silica, such as quartz, and is produced through various manufacturing processes, which results in unique characteristics tailored to specific industries. It can enhance the durability, rheological properties, and anti-settling characteristics of paints and coatings. It is utilized in environmental applications, including wastewater treatment, due to its ability to remove heavy metals and other contaminants.
Global Specialty Silica Market Trends:
Specialty silica is used as a thickening agent, absorbent, and anti-caking agent in cosmetics and personal care products, such as foot powder, hair volumizing spray, setting powder, sunscreen, serum, face mask, moisturizer, primer, and face scrub. This, coupled with the increasing sales of premium quality specialty silica-based cosmetics and personal care products via e-commerce channels due to the easy availability and a wide collection of products, represents one of the major factors augmenting the market growth around the world. Moreover, specialty silica is employed in the pharmaceutical industry as an excipient in drug formulations. This, along with the surging prevalence of chronic ailments among the masses, is impelling the market growth. In addition, the rising consumption of processed and ready to eat (RTE) food products on account of rapid urbanization, hectic schedules, and expanding purchasing power of individuals is catalyzing the demand for specialty silica in the food and beverage (F&B) sector. Apart from this, the growing employment of specialty silica in agrochemical formulations to improve the flowability and efficacy of pesticides and fertilizers is influencing the market positively. Looking forward, the market value is projected to reach US$ 9.7 Billion by 2028, expanding at a CAGR of 6.30% during 2023-2028.
- Based on the product, the market has been classified into precipitated silica, fumed silica, fused silica, silica gel, and colloidal silica. At present, precipitated silica dominates the market.
- On the basis of the application, the market has been segregated into rubber, agrochemicals, oral care, food industry, desiccants, paints and coatings, and others. Rubber currently accounts for the biggest share in the market.
- Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
- The competitive landscape of the market has also been examined, with some of the key players being 3M Company, Cabot Corporation, Ecolab Inc., Evonik Industries AG, Imerys S.A., Madhu Silica Pvt. Ltd., Nouryon Holding B.V., PPG Industries Inc., Solvay S.A, Tosoh Corporation, W. R. Grace & Co, and Wacker Chemie AG.
|Base Year of the Analysis
||Precipitated Silica, Fumed Silica, Fused Silica, Silica Gel, Colloidal Silica
||Rubber, Agrochemicals, Oral Care, Food Industry, Desiccants, Paints and Coatings, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||3M Company, Cabot Corporation, Ecolab Inc., Evonik Industries AG, Imerys S.A., Madhu Silica Pvt. Ltd., Nouryon Holding B.V., PPG Industries Inc., Solvay S.A, Tosoh Corporation, W. R. Grace & Co, Wacker Chemie AG, etc.
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