According to a new market report published by Lucintel, the future of the specialty silica market looks promising with opportunities in the rubber, electronic component, agriculture, paint & coating, food & beverage, personal care & cosmetics markets. The global specialty silica market is expected to grow with a CAGR of 6% from 2021 to 2026. The major drivers for this market are growth in rubber and coatings market and growing infrastructural development.
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In this market, different type of specialty silica, such as precipitated, fused, fumed, gel, and colloidal are used in a wide range of industries. Lucintel forecasts that precipitated silica will remain the largest segment due to increasing demand of green tires, to minimize the fuel consumption.
Within the specialty silica market, rubber will remain the largest application during the forecast period due to increasing consumption of tire and non tire rubber in various applications. The 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 rubber consumption by the automotive industry, growing tire applications, increasing disposable income, growing industrialization in the developmental countries.
Evonik, Cabot, PPG Industries, Solvay SA, Imerys SA, AkzoNobel NV, and Ecolab are among the major specialty silica manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global specialty silica market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Specialty 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 specialty silica market by product type, application, and region as follows:
By Product Type [Kilotons and $M shipment analysis for 2015 – 2026]:
Precipitated
Fused
Fumed
Gel
Colloidal
By Application [Kilotons and $M shipment analysis for 2015 – 2026]:
Rubber
Electronic Components
Agriculture
Paints & Coatings
Food & Beverage
Personal Care & Cosmetics
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.
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