According to a new market report published by Lucintel, the future of the silica market looks promising with opportunities in the rubber, construction, agrochemicals, oral care, food & feed markets. The global silica market is expected to grow with a CAGR of 8% from 2021 to 2026. The major drivers for this market are increasing tire consumption by automotive industry and growth in paints & coatings market.
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In this market, different forms of silica, such as precipitated silica, silica gels & sols, fumed silica, silica fume, are used in rubber, construction, agrochemicals, oral care, food & feed markets to improve bond and tear resistance.
Within the silica market, rubber will remain the largest end use industry during the forecast period due to favorable government regulations, growth in the tire market as silica when used in tire rubber increases the grip of tries and help with reducing rolling resistance.
Asia Pacific will remain the largest region the forecast period due to growth in construction industry, growing use of automotive, growing industrialization, and increase in government investment.
Evonik Industries, PPG Industries, Wacker Chemie AG, AkzoNobel N.V., Tosoh Corporation, Cabot Corporation, and Solvay SA are among the major silica manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global silica market by form, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Silica Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global silica market by form, application, and region as follows:
By Form [Kilotons and $M shipment analysis for 2015 – 2026]:
Precipitated silica
Silica Gels & Sols
Fumed Silica (Pyrogenic Silica)
Silica Fumes (Microsilica)
By Application [Kilotons and $M shipment analysis for 2015 – 2026]:
Rubber
Construction
Agrochemicals
Oral Care
Food & feed
Others
By Region [Kilotons and $M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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