Overview:

Specialty silica also known as silicon dioxide is compound formed from rock and sandstone. The compound is mainly available in quartz form. The compound finds its application majorly in rubber, paint and coating, and personal care products among others.

Market Dynamics:

Rising adoption of specialty silica as a performance additive especially in manufacturing tire is a key factor fueling growth of the global market. Increase in demand for electric vehicles is another factor indirectly propelling demand for efficient tires, which is another factor driving growth of the market globally. In addition, increase in tire plant capacity and investment in development of new plants is another factor expected to create lucrative opportunities for key players in the global market during the forecast period. Moreover, rising demand from cosmetic industry for use of specialty silica in personal care, oral care, and healthcare products is another factor propelling growth of the market.

Key Trends:

Increasing investment in R&D to develop new grade of extremely dispersible silica is a key trend observed in the market, which is a factor expected to fuel growth of the target during the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market accountedfor major revenue share in 2018, and is expected to witness highest growth during the forecast period. Rising demand from rubber industry and tire manufacturers in countries such as India and China is a key factor driving growth of the target market in Asia Pacific region. The market in North America accounted for second highest share owing to rising remand from automotive sector in the region and is expected to witness significant growth during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Specialty Silica Market, By Type:

• Precipitated Silica
• Silica Gel
• Fumed Silica
• Colloidal Silica
• Fused Silica

Global Specialty Silica Market, ByApplication:

• Rubber
• Agrochemicals
• Oral care
• Food
• Desiccants
• Paints & coatings
• Others

Key Players Covered:

Key players operating in the market includes, AkzoNobel, PPG Industries, Solvay, Cabot Corporation,W. R Grace & Company,Madhu Silica Private Limited, Tokuyama Corporation, Evonik Industries, Huber Engineered Materials,and Nalco Holding Company

Key features of the study:

Foresight Market Research provides detailed analysis on SpecialtySilica Market in our report- Global SpecialtySilica Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global specialty silica market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.