Speciality silica such as precipitated silica, fumed silica and colloidal silica are mainly used in various applications such as rubber, plastics, agriculture & feed, food & beverages, and oral care. In these applications, it serves different purposes; for instance, in tyres, it is used as a performance additive; in personal care products, it acts as a matting agent to avoid skin from appearing glossy after application of cosmetics; in food and beverages, it acts as a clarification agent for beer and helps remove impurities. In plastics, speciality silica is used during polymerisation process as an anti-blocking agent to prevent polymer layers from sticking to each other. Over the last couple of years, use of specialty silica in manufacturing green tyres has increased considerably, a trend that’s expected to fuel global demand during the forecast period.
Global specialty silica market is estimated to account for US$ 5.6 Bn in 2016, and expand at a CAGR of 5.8% in terms of value during the forecast period, 2016-2026. In volume terms, global demand for speciality silica is expected to stand at 3,188.1 KT (thousand tonnes) by the end of 2016.
Growth of the specialty silica market is mainly driven by increasing application of specialty silica in the automotive sector. Use of speciality silica as a performance additive in tyres leads to better rolling resistance and traction, making the vehicle more fuel efficient as compared to the conventional tyres. In the electronics industry, increasing use of specialty silica for chemical mechanical planarization (CMP) and to absorb moisture from electronic products is driving its demand globally.
However, specialty silica market is highly dependent on its end-use industries, some of which shows cyclical behaviour. In such circumstances, to maintain continuity in revenue and profit generation is expected to be one of the major challenges for specialty silica industry leaders.
Global Specialty Silica Market Taxonomy
Global specialty silica market is segmented as the following:
By Product Type
By product type, the market is divided into precipitated silica, fumed silica, fused silica, colloidal silica and silica gel. In terms of value, precipitated silica segment is expected to dominate the market through the forecast period.
By application, global specialty silica market is segmented into rubber, plastics, ink and coatings, electrical and electronics, agriculture and feed, food and beverages, personal care and others. In terms of value, rubber application segment is estimated to account for more than half of the total market share of global speciality silica market by 2016, and is anticipated to remain dominant through the forecast period.
On the basis of regions, the global specialty silica market is segmented into seven key regions, namely, North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America and Middle East and Africa. In terms of market value, Asia Pacific excluding Japan is estimated to dominate the specialty silica market with more than one-third of the global market by 2016 and is expected to expand at a healthy CAGR of 7.0% during the forecast period.
Key players reported in this study on the global specialty silica market are Solvay SA, Huber Engineered Materials, Madhu Silica Private Limited, Evonik AG, Akzo Nobel N.V., Nalco Holding Company (An Ecolab Company), PPG industries, inc., Cabot Corporation, Wacker Chemie AG and Qingdao Makall Group Inc.
Globally, companies are found to have been expanding their production capacities in order to meet the increasing demand of specialty silica for various applications. Also, introducing highly dispersible silica (for its application in fuel efficient tyres) in their product portfolio is a major trend observed among major industry players.
Future Market Insights offers 10-year forecast for the global specialty silica market between 2016 and 2026. In terms of value, the market is expected to register a CAGR of 5.8% during the forecast period (2016 - 2026). This report provides market dynamics and trends on all seven regions, namely, Asia Pacific Excluding Japan (APEJ), North America, Western Europe, Eastern Europe, Latin America, Middle East & Africa and Japan, that influence the current nature and future status of the specialty silica market over the forecast period.
This Future Market Insights report examines the ‘Global Specialty Silica Market’ for the period 2016 - 2026 in terms of value and volume. The primary objective of the report is to offer updates on developments in the global specialty silica market and conduct quantitative as well as qualitative assessment of the market across various product types, applications, and regional market segments.
On the basis of product type, the global specialty silica market is segmented as follows:
On the basis of application, the global specialty silica market is segmented as follows:
Regionally, the iron oxide market is segmented as follows:
To understand and assess market opportunities and trends, the report is categorically split into sections such as market overview, global industry analysis, analysis by product type, by application and by region. Each section discusses the qualitative and quantitative aspects of the global specialty silica market. To give a brief idea about revenue opportunities from various product type, application and region/ country, the report also provide absolute $ opportunity and total incremental opportunity for each segment over the forecast period.
The report starts with market overview and provides market definition and analysis about drivers, restraints and key trends in the specialty silica market. The sections that follow include global market analysis, by product type, by application and further by regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market, covering present scenario and future prospects. For market data analysis, the report considers 2015 as the base year, with market numbers estimated for 2016 and the forecast made for 2017–2026.
To calculate market size, the report considers average price of specialty silica across geographies on a regional basis. The forecast assesses total revenue as well as volume of global specialty silica market. The data is triangulated on the basis of different analysis considering supply side, demand side and dynamics of regional markets. However, quantifying the market across regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.
In the final section of the report, the specialty silica market structure and competitive landscape are included to provide report audience a dashboard view, companies’ presence in the specialty silica market and their key strategies. Some of the market players featured in the section include - Solvay SA, Huber Engineered Materials, Madhu Silica Private Limited, Evonik AG, PPG Industries, Inc., Nalco Holding Company, Cabot Corporation, Qingdao Makall Group Inc., Wacker Chemie AG and Akzo Nobel N.V.
Key Regions/ Country Covered