Global Specialty Silica Market was valued at USD 5.1 Bn, at a CAGR of 6.1% to 2022, Growing Steadily with Various Applications of The Same in Rubber, Paints, Aoatings, Agriculture, Personal Care, Cosmetics, Food and Beverage
Pune, India – January 9, 2019 —
Specialty Silica Market Key Players:
The major players operating the global specialty silica market are Nalco Holding Company, Akzo Nobel N.V., Wacker Chemie AG, Solvay S.A., PPG Industries Inc., Evonik Industries, Madhu Silica Private Limited, W. R. Grace & Co., Huber Engineered Materials, Cabot Corporation, and others.
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Specialty Silica Market Segmental Analysis:
The global specialty silica market has been segmented on the basis of product type, application, and region.
By mode of product type, the global specialty silica market has been segmented into fused silica, precipitated silica, silica gel, fumed silica, and colloidal silica. Among these, the precipitated silica is considered to dominate the global specialty silica market as it is extensively used in the shoe and tire industry. With the extensive use of the product in the refectories & abrasives and coatings industries, the segment is likely to flourish during the assessment period. Economies such as China and India are likely to exhibit a significant growth rate in the tire industry, which is expected to impact the segment growth positively.
Specialty Silica Market Regional Insights:
Geographically, the specialty silica market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the Asia Pacific region is likely to register the largest market share owing to the growing automotive industry in emerging countries of the APAC region. With increased construction & infrastructure spending by the Chinese and Indian governments, the region is likely to expand. Moreover, the growth of the automotive industry in economies such as Thailand, Japan, Indonesia, and South Korea are flourishing the region growth during the assessment period.
The North American region is presumed to expand at a significant rate during the assessment period. The growth is attributed to the rapid urbanization, population growth, and increasing disposable income in Mexico. Moreover, the rubber tire industry in this region has witnessed significant growth rate in the past few years due to the growing demand of automotive. Such factors are considered to influence the market growth during the forecast period highly.
Specialty Silica Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Specialty Silica Market
Specialty Silica Market Table of Content to be Continue……,
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This news is published on Reuters.