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PUBLISHER: Grand View Research | PRODUCT CODE: 1268608
PUBLISHER: Grand View Research | PRODUCT CODE: 1268608
Silica Market Size, Share & Trends Analysis Report By Application (Construction, Agrochemicals, Rubber, Oral Care, Food & Feed, Others), By Region, And Segment Forecasts, 2023 - 2030
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Silica Market Growth & Trends:
The global silica market size is anticipated to reach USD 104.34 billion by 2030, according to a new report by Grand View Research, Inc., registering a 9.9% CAGR during the forecast period. Rising demand for silica across various end-use industries such as rubber, agrochemicals, oral care, and paints and coatings is anticipated to drive the industry.
Precipitated silica is the most extensively consumed product in the market. It is utilized in the reinforcement of elastomer products, such as automotive tires, due to its ability to reduce rolling resistance, improved traction under slippery conditions, and enhanced fuel efficiency. It also acts as an anti-blocking agent in thermoplastic films and a matting agent in paints and varnishes.
Rubber application acquired the largest share in 2018 and is estimated to remain dominant throughout the forecast period. The global demand for tires is increasing on account of an expanding automobile industry, especially in emerging economies. As a result, major tire manufacturers are aggressively involved in expansion projects in emerging economies like India. For instance, in April 2018 Bridgestone India announced plans to double its production capacity over the next five years at an investment of USD 304 million. This is anticipated to propel product demand from tire manufacturers.
In the construction sector, high-performance concrete (HPC) comprising silica has been recognized as one of the most significant advanced materials necessary for infrastructure development. HPC manufactured with silica fumes provides increased strength and higher resistance to corrosion, abrasion, and chemicals. Moreover, it offers lower permeability, enhanced durability, sustainability, and life-cycle cost efficiencies for concrete. This is estimated to drive utilization of the product in the construction sector.
The competitive landscape of the market reflects a number of companies currently engaging in capacity extensions in order to enhance their market position. For instance, in October 2018, Evonik set up a precipitated silica plant in South Carolina to meet the increasing demand from the tire industry in North America.
Silica Market Report Highlights:
- Rubber is anticipated to exhibit the highest CAGR of 10.5% during the forecast period, in terms of revenue, on account of increasing demand from tire manufacturers
- In terms of volume, construction captured the second largest market share of 13.3% in 2022, owing to greater compressive strength, high modulus of elasticity, and high flexural strength offered by silica fume in concrete
- Agrochemicals is predicted to register a revenue-based CAGR of 8.8% due to increased viscosity and improved flow ability offered by silica in agrochemical formulations
- Asia Pacific dominated the market with a revenue share of 44.1% in 2022 owing to rapid expansion of automotive and construction sectors in the region
- Evonik Industries, PPG Industries, Tosoh Silica Corporation, Cabot Corporation, Akzo Nobel N.V., and Solvay SA are major players in the market. Capacity expansion owing to increasing demand and price modification on account of volatility in raw material prices are key strategies adopted by these companies.
Product Code: GVR-3-68038-064-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.3. Manufacturing Trends & Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Silica Market: Application Estimates & Trend Analysis
- 4.1. Silica Market: Application Movement Analysis, 2022 & 2030
- 4.2. Rubber
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3. Construction
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Agrochemicals
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Oral Care
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.6. Food & Feed
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.7. Others
- 4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Silica Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2022 & 2030
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.2.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3. Germany
- 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4. U.K.
- 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5. Japan
- 5.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Central & South America
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Ranking
- 6.3. Heat Map Analysis
- 6.4. Market Strategies
- 6.5. Vendor Landscape
- 6.5.1. List of raw material supplier, key manufacturers, and distributors
- 6.5.2. List of prospective end-users
- 6.6. Strategy Mapping
- 6.7. Company Profiles/Listing
- 6.7.1. Evonik Industries
- 6.7.1.1. Company overview
- 6.7.1.2. Financial performance
- 6.7.1.3. Product benchmarking
- 6.7.2. PPG Industries
- 6.7.2.1. Company overview
- 6.7.2.2. Financial performance
- 6.7.2.3. Product benchmarking
- 6.7.3. Wacker Chemie AG
- 6.7.3.1. Company overview
- 6.7.3.2. Financial performance
- 6.7.3.3. Product benchmarking
- 6.7.4. AkzoNobel N.V.
- 6.7.4.1. Company overview
- 6.7.4.2. Product benchmarking
- 6.7.5. Tosoh Corporation
- 6.7.5.1. Company overview
- 6.7.5.2. Product benchmarking
- 6.7.6. Cabot Corporation
- 6.7.6.1. Company overview
- 6.7.6.2. Product benchmarking
- 6.7.7. Solvay S.A.
- 6.7.7.1. Company overview
- 6.7.7.2. Product benchmarking
- 6.7.7.3. Financial performance
- 6.7.8. Oriental Silicas Corporation
- 6.7.8.1. Company overview
- 6.7.8.2. Product benchmarking
- 6.7.8.3. Financial performance
- 6.7.9. Nissan Chemical Corporation
- 6.7.9.1. Company overview
- 6.7.9.2. Product benchmarking
- 6.7.9.3. Financial performance
- 6.7.10. Kemira Oyj
- 6.7.10.1. Company overview
- 6.7.10.2. Product benchmarking
- 6.7.10.3. Financial performance
- 6.7.11. Imersys S.A.
- 6.7.11.1. Company overview
- 6.7.11.2. Product benchmarking
- 6.7.11.3. Financial performance
- 6.7.12. W.R. Grace & Co.
- 6.7.12.1. Company overview
- 6.7.12.2. Product benchmarking
- 6.7.12.3. Financial performance
- 6.7.1. Evonik Industries
Product Code: GVR-3-68038-064-4
List of Tables
- Table 1 Global silica market estimates & forecasts in rubber, 2018 - 2030 (USD Million) (Kilotons)
- Table 2 Global silica market estimates & forecasts in construction, 2018 - 2030 (USD Million) (Kilotons)
- Table 3 Global silica market estimates & forecasts in agrochemicals, 2018 - 2030 (USD Million) (Kilotons)
- Table 4 Global silica market estimates & forecasts in oral care, 2018 - 2030 (USD Million) (Kilotons)
- Table 5 Global silica market estimates & forecasts in food & feed, 2018 - 2030 (USD Million) (Kilotons)
- Table 6 Global silica market estimates & forecasts in other applications, 2018 - 2030 (USD Million) (Kilotons)
- Table 7 North America silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 8 North America silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 9 North America silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 10 U.S. silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 11 U.S. silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 12 U.S. silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 13 Europe silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 14 Europe silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 15 Europe silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 16 Germany silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 17 Germany silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 18 Germany silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 19 U.K. silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 20 U.K. silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 21 U.K. silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 22 Asia Pacific silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 23 Asia Pacific silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 24 Asia Pacific silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 25 China silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 26 China silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 27 China silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 28 Japan silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 29 Japan silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 30 Japan silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 31 India silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 32 India silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 33 India silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 34 Central & South America silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 35 Central & South America silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 36 Central & South America silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 37 Brazil silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 38 Brazil silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 39 Brazil silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
- Table 40 Middle East & Africa silica market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 41 Middle East & Africa silica market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- Table 42 Middle East & Africa silica market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook - Application
- Fig. 7 Competitive Outlook
- Fig. 8 Global Silica Market, 2022
- Fig. 9 Silica market outlook, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 10 Value chain analysis
- Fig. 11 Market dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Silica market, by application: Key takeaways
- Fig. 15 Silica market, by application: Market share, 2022 & 2030
- Fig. 16 Silica market: Regional analysis, 2022
- Fig. 17 Silica market, by region: Key takeaways
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