Silicon Dioxide Market Research Report - Global Forecast till 2032
Market Research Future (MRFR) has published a cooked research report on the “Global Silicon Dioxide Market” that contains information from 2022 to 2032. The Global Silicon Dioxide Market is estimated to register a CAGR of 6.60% during the forecast period of 2022 to 2032.
MRFR recognizes the following companies as the key players in the Global Silicon Dioxide Market Evonik Industries AG, PPG Industries Inc., Cabot Corporation, Solvay, American Elements, Wacker Chemie AG, Tokuyama Corporation, Tosoh Corporation.
The Global Silicon Dioxide Market is accounted to register a CAGR of 6.60% during the forecast period and is estimated to reach USD 14.57 Billion by 2032.
The Silicon Dioxide market refers to the global or regional trade and production of silicon dioxide, which is a naturally occurring compound commonly known as silica. Silicon dioxide is one of the most abundant minerals on Earth and exists in various forms, including quartz, sand, and glass. It has a wide range of applications in industries such as construction, electronics, automotive, pharmaceuticals, and food & beverages, among others. The Drivers of the Silicon Dioxide Market: The construction sector is a significant driver of the Silicon Dioxide market. Silicon dioxide is a key ingredient in the production of concrete, as it acts as a filler and improves the strength and durability of concrete structures. With the rapid urbanization and infrastructure development in emerging economies, the demand for silicon dioxide in the construction industry is expected to increase and Silicon dioxide is widely used in the electronics and semiconductor industries. It is a critical material in the manufacturing of semiconductors, integrated circuits, and electronic components. As the demand for electronic devices and high-tech equipment continues to rise, the Silicon Dioxide market is positively influenced.
The Global Silicon Dioxide Market has been segmented based on Purity, Application and End-Use Industry
Based on Purity, the market is segmented into 2N (99%), 2N5 (99.5%), 3N (99.9%), 3N5 (99.95%), 4N (99.99%), 5N (99.999%) and Less Than 99% Purity. the amorphous segment emerged as the dominant market player. Amorphous silica (SiO2), an inorganic substance, is widely used in semiconductor circuits to separate different conducting zones. It has become a crucial component in microelectronics and chromatography due to its mechanical strength, high dielectric capacity, and chemical modification selectivity. Its unique properties make silica indispensable in various applications, including chip production, optical fibers, and telescope optics.
Based on Application, the Market has been segmented Building Materials, Glass & Ceramics, Paints & Coatings, Adhesives & Sealants, Food & Pharmaceutical Additives, Silicon Wafers. The category generating the highest revenue is adhesives & sealants. Silicon Dioxide is widely used as a reinforcing agent and additive in adhesives and sealants. It controls rheology, acts as an anti-settlement agent, and provides reinforcement. Nano-silica, in particular, finds extensive application in adhesives and sealants due to its ability to enhance their properties and performance.
Based on End-Use Industry, the Market has been segmented Building & Construction, Electricals & Electronics, Healthcare, Food & Beverages, Chemical. the building & construction category stands out as the highest revenue generator. Silica is a key ingredient in numerous building and construction products. Whole-grain silica finds application in flooring, mortars, specialty cement, roofing shingles, asphalt mixes, skid-resistant surfaces, and other industrial materials, contributing to improved tensile strength and structural integrity.
The Global Silicon Dioxide Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Silicon Dioxide Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Silicon Dioxide Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Silicon Dioxide Market comprises of Middle East, Africa, and Latin America.
The Silicon Dioxide market in North America is expected to be the dominant force, primarily driven by the region's continuous technological advancements and widespread adoption of silicon, driven by its exceptional properties.
The Europe Silicon Dioxide market secures the second-largest market share, driven by the growth of key end-use industries like building and microelectronics. Notably, the German Silicon Dioxide market claims the largest market share in the region, while the UK Silicon Dioxide market experiences the highest growth rate.
In the Asia-Pacific region, the Silicon Dioxide Market is expected to witness the fastest Compound Annual Growth Rate (CAGR) from 2023 to 2032. This growth is attributed to expanding construction activities and the overall growth of industries across the region. China's Silicon Dioxide market stands as the largest market share holder, and the Indian Silicon Dioxide market shows the most rapid growth in the Asia-Pacific region.
Key Findings of the Study
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