Market Research Future (MRFR) reveals that the Silicon Dioxide Market could potentially record a decent CAGR of 6.60% between 2016 and 2030 (appraisal period). Silicon dioxide market analysis by MRFR also expect the value to be USD 13,725.3 Million by 2030-end.
Silicon dioxide is mined extensively largely because there is plenty of it on planet Earth. It’s a mineral. This mineral can vary in looks and texture. Some forms of it are translucent while other forms are gray. In its natural state silicon dioxide is a cluster of crystals that doesn’t have an apparent shape. It’s also odorless and is an excellent conductor of electricity.
Many construction companies use it in their buildings. High-quality silicon dioxide is often incorporated into the wiring of the motors of electronic devices. This helps the motors conduct electricity better. It also helps electronic devices function better and faster.
COVID-19 is a dangerous virus. It’s somewhat contagious and scientists and health professionals can’t predict who will get this virus and who will recover from it. Governments around the world realized that COVID-19 was dangerous and a virus whose spread had to be stopped. That’s why they imposed quarantines and lockdowns. These were temporary since they didn’t really work. In any case, companies in a variety of industries around the world were negatively affected because they were forced to either temporarily halt production or scale it back dramatically.
The silicon dioxide industry was no exception. Many companies were forced to either temporarily shut down or scale production back dramatically because there was less of a demand for the devices that silicon dioxide is currently used in. Construction companies also halted the construction of new projects.
The global silicon dioxide industry remains highly fragmented and competitive. It is filled with numerous companies of all sizes. The silicon dioxide industry is registering a high CAGR in the short and long term. This combined with its relative lucrativeness and low barriers to entry is enticing many companies (especially larger ones) to enter.
Companies must invest heavily in research and development. They can create a sustainable competitive advantage by doing so because they are often able to develop newer forms of silicon dioxide that are safer for humans and domestic animals to be around, have more innovative uses and applications and can be sold at a slightly lower price point.
These companies find that mergers and acquisitions with other successful companies and entering into strategic partnerships with these types of companies is also beneficial. The resulting company has more resources to do research and development. This allows it to create superior products which it can market at slightly lower prices. Incidentally, it also helps these companies create a sustainable competitive advantage which will help them remain profitable in the short and long term.
Gelest Inc is a major American player in the global silicon dioxide industry. It has become an industry leader by investing heavily in research and development. This has allowed it to create a sustainable competitive advantage by allowing it to develop and market products that are better than what the competition can currently offer.
What’s been driving growth in the silicon dioxide industry is the fact that it’s plentiful. It can also be used in a variety of devices and buildings, so it’s versatile. Silicon dioxide is so versatile that it’s currently being put in packages in dry food items to prevent caking. It’s also used to make spices. Two of these include chili powder and salt.
Silicon dioxide doesn’t contain any gluten. That’s why it’s used in the manufacture of a variety of foods. Incidentally, silicon dioxide is used to extract proteins and yeast from alcoholic beverages.
This material is also incorporated into many health supplements. These pills, tablets, or powders don’t stick together and this reduces the risk of an accidental bad interaction. It also keeps the wiring and circuitry dry in electronic devices. This helps them function better and last for longer.
The middle classes are growing in the Asia-Pacific region. This is creating a huge demand for automobiles. The tire industry is growing fast as a result. This is creating a huge demand for silicon dioxide. Manufacturers in the global silicon dioxide industry are realizing this. That’s why they’re investing heavily in research and development to try to create superior silicon dioxide products which can sell at lower price points.
What’s holding growth back in the silicon dioxide market is the fact that there is an abundance of lower-price substitute materials that are just as effective.
Working with silicon dioxide or being exposed to it for a long period of time can lead to breathing problems. These are caused by crystallized lungs. Crystallized lung occurs when people breathe the silicon dioxide crystals in and the small sandy particles become lodged in various areas inside of their lungs.
This is the reason why mining companies and those who manufacture glass are looking for alternatives. The companies in the silicon dioxide market are facing a real challenge. They have to find ways to develop safer forms of silicon dioxide that can be sold at lower price points. These companies are investing heavily in research and development to do this.
The CAGR for the silicon dioxide industry is 6.60%. The silicon dioxide market value is projected to be USD 13,725.3 million by 2030.
Cabot Corporation is a major American player in the global silicon dioxide industry. It has become an industry leader by investing heavily in research and development. This has allowed it to create a new generation of superior products that have more innovative uses and applications. Cabot Corporation is able to sell these at lower price points. This has allowed the company to create a sustainable competitive advantage.
The global silicon dioxide industry can be grouped into the following sub-segments:
The amorphous sub-segment has the highest silicon dioxide market share. There are a few reasons for this. One is because it’s used in a variety of industries:
The amorphous sub-segment had 45% of the total silicon dioxide market size. The quartz sub-segment had the highest silicon dioxide market share in 2018.
The global silicon dioxide industry can be grouped into the following sub-segments based on purity:
The last segment had the highest silicon dioxide market share three years ago. The reason being that this purity is used heavily in the construction sector. Its projected CAGR is 6%.
The global silicon dioxide market can be grouped into the following sub-segments based on application:
The building materials sub-segment had the highest silicon dioxide market share three years ago. It’s CAGR is projected to be 5.5% for the time period that this report covers. Commonly used building materials that include silicon dioxide include:
Silicon dioxide is an almost waterproof material. It is less likely to be damaged by sulfates and it’s not easily damaged by abrasion. These are just some of the qualities of silicon dioxide that make it desired by many companies in most industries around the world!
Silicon dioxide is also used in coatings and paints. In fact, these are the preferred paints and coatings worldwide.
The global silicon dioxide industry can be grouped into the following sub-segments based on end-user.
The building and construction sub-segment has the largest silicon dioxide market share. It had approximately 35% of the total silicon dioxide industry market share in 2018. What accounted for this was the dramatic increase in construction activity worldwide. This occurred with great frequency in developing countries that are rapidly urbanizing and seeing dramatic rises in disposable income.
The Asia-Pacific region leads in terms of silicon dioxide market share. It held 48% of the total silicon dioxide market in 2018. What’s accounting for this is the rapid urbanization and industrialization in most of the nations in the region. The CAGR for this region is projected to be 7% for the time period that this report covers.
China consumes the most silicon dioxide in the Asia-Pacific region. India and Japan take second and third place respectively in this regard.
Also, the demand for cars and car tires is on the rise. This is also accounting for the high CAGR in this region.
The CAGR for the global silicon dioxide industry is projected to be 6.60% until 2030. The silicon dioxide market value is projected to be USD 13,725.3 million by then. The Asia-Pacific region has the lion’s share of the market mainly because of the increase in demand for cars and hence car tires. The European Union follows in second place in terms of market share.
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Form, Purity, Application, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Evonik Industries AG (Germany),PPG Industries Inc (US),Cabot Corporation (US),Solvay (Belgium),American Elements (US),Wacker Chemie AG (Germany),Tokuyama Corporation (Japan),Tosoh Corporation (Japan),Gelest, Inc (US),Aluflor AB (Sweden)|
|Key Market Opportunities||Micro-Optical Coherence Tomography to Emerge as a Profitable Opportunity|
|Key Market Drivers||High Functionality and Expansive Application Scope to Foster Product Demand|
Silicon Dioxide Market is predicted to grow at 6.60% through forecast period of 2020-2027.
The forecast period for Silicon Dioxide Market research report is 2020-2027.
The Asia-Pacific region
Designing equipment open-source and entering into strategic partnerships with other successful companies
Evonik Industries AG (Germany), PPG Industries Inc (US), Cabot Corporation (US), Solvay (Belgium), American Elements (US), Wacker Chemie AG (Germany), Tokuyama Corporation (Japan), Tosoh Corporation (Japan), Gelest, Inc (US), Aluflor AB (Sweden)