Global Silica Industry Expanding at 6.9% CAGR During 2017-2025
by Steve Blade · December 5
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, 2018
According to Goldstein Research, global silica industry is anticipated to grow at 6.9% CAGR over the forecast period 2017-2025, to reach a market size of USD 31.4 billion by 2025. The application of silica is very wide & it caters nearly every industry of the world. Thus the rising demand of silica in multiple industries from aviation to fertilizers to cosmetics & pharmaceutical industry, is driving the growth of global silica industry.
Further, the continuous growth in global silica insulation bricks market is propelling the penetration of silica industry in construction sector. Whereas the global silica aerogel market has been attracting the aviation industry, construction industry and oil & gas sector. Also
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, silica is widely used in the production of phosphoric acid for the fertilizer industry. Thus the expansion of phosphatic fertilizers market is igniting the global silica industry.
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Market Segmentation
Based on our in-depth analysis of Global Silica Industry, it can be segmented as follows:
By Applications Glass Products (Float Glass, Fiberglass etc.) Fracturing Sand Foundry Sand Fillers and Building Products Whole Grain Silica Chemical Applications Others (Sports and Leisure etc.) By Silica End Use Industry Oil and Gas Building and Construction Manufacturing Industry Chemical Industry Agriculture Sector Pharmaceutical and Cosmetic Industry Others (Defense Materials, Aerospace and Marine, etc.) By Region North America Silica Industry Analysis, 2017-2025 Europe Silica Industry Analysis
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, 2017-2025 Middle East And Africa Silica Industry Analysis, 2017-2025 Latin America Silica Industry Analysis, 2017-2025 Asia Pacific Silica Industry Analysis, 2017-2025
Silica and its other derivatives serves as raw material for glassmaking and a wide range of other construction applications. Significant growth in silica industry has set construction glass market to grow at a CAGR of 7% to reach USD 120 billion by 2024, according to Goldstein Research.
Geographically, China Silica Industry
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, owing to huge production base and rising adoption of advanced insulation materials for building construction is likely to be the fastest growing region at CAGR of 9.1% during the forecast period.
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Key players mentioned in the report are: Adwan Chemical Industries, Badger Mining, CEMEX SAB, EUROQUARZ GmbH
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, Fairmount Santrol, Saint-Gobain, Taiwan Glass Industry, Tochu Corporation, Pioneer Natural Resources, Zhuzhou Kibing Group
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, Evonik Industries AG, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation, Solvay SA, Huber Engineered Materials and Oriental Silica Corporation
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, etc.
Key Highlights in Global Silica Industry Report:
The global silica industry report highlights the competitive outlook of major global players, their business strategies, financial analysis, product portfolio, revenue distribution, R&D activities and investments. The competitive analysis also analyses the mergers
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, acquisitions and partnership scenario in the industry.
The comprehensive analysis of silica industry report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.
Global silica industry report encompasses the analysis of new opportunities emerging in the market, major factors driving the growth of market, and the factors posing threats & challenges to the market.
The silica industry outlook also comprises the market analysis based on market dynamics, risk factors, USP analysis, SWOT analysis
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, BPS Analysis & market attractiveness.
Further the silica industry report includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region covered in the market.
About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years
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, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors鈥?overview.
Our analysts working on chemicals industry trends helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients鈥?needs and business agenda.
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Steve Blade
(Global Sales Head)
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