Specialty Silica Market Research Report- Forecast to 2027

Specialty Silica Market Global Information: by Product Type (precipitated silica, fused silica, fumed silica, silica gel, colloidal silica), Application (rubber, electronic components, agriculture, paints & coatings, food & beverage, personal care & cosmetics and others) and Region Forecast till 2027

ID: MRFR/CnM/1607-HCR | February 2021 | Region: Global | 140 pages

Specialty Silica Market Overview


Specialty Silica Market was valued at USD ~5.1 billion in 2016 after growing at a CAGR of ~6.1% from 2016 to 2022.


Specialty silica market is growing steadily with various applications of the same in rubber, paints & coatings, agriculture, personal care & cosmetics, food & beverage, electronic components and others. With such wide application, automobile industry will always be the top application segment for specialty silica owing to production of tires and efforts taken towards reducing carbon emission. In addition, growing concern of depletion of fossil fuels and strict emission rules, automotive industries are shifting to use green tires that will have positive impact on specialty silica market. However, the market will be restraint by factors such as high cost of colloidal silica and availability of low cost substitutes during the forecasted period 2022. Specialty silica shows cyclical behavior. So, low cost substitute will affect the continuity of profit margin and revenue generation which is a major challenge for manufacturers in specialty silica.


Specialty Silica consist of five basic types silica which includes precipitated silica, fused silica, fumed silica, silica gel and colloidal silica which are extensively used in end user industries such as rubber, agriculture, paints & coatings, electronic components, personal care & cosmetics and others. Rising demand for specialty silica in personal care & cosmetics products owing to its properties such as anticaking, UV protecting and dispersive nature will push the specialty silica market in future. Furthermore, developing regions like China and India are showing high growth in the construction industry as well as in infrastructure which calls for the rise in demand for paints & coatings. These are one of the key application of specialty chemicals and has boosted the demand for the same in developing regions. Owing to properties such as high tensile strength and abrasion resistance, specialty silica is highly used in rubber industries which are expected to boost its demand in forecasted period.


Precipitated silica has found large applications in rubber, cosmetics, oral care, automotive tires and food & beverage. Therefore, rising demand of precipitated silica in various industries has dominated major market share of the global specialty silica market. Fumed silica is used in paint & coatings due to rise of construction and infrastructural development in emerging economies. Moreover, it is used in electronic components such as circuit boards and capacitors which is further anticipated to grow the demand of specialty silica in the electronic industry. Expensive colloidal silica and fused silica can easily be substituted by silica gel which can be easily preferred by small and medium buyers (SME). Therefore, it provides opportunities for SME’s. 


Geographically, APAC region dominates the specialty silica market. Rising automobile industry has led to rise in production of tires which in turn has positive impact on specialty silica market. Countries like China, India and South Korea are using specialty silica at a high rate owing to developing infrastructure and electronic industry. Therefore, it provides bigger opportunities to manufacturers of specialty silica in developing economies. It is forecasted that the growth of this market is very high in North America owing to rise in demand for cosmetics and food & beverage industries.


 


Research Methodology for Specialty Silica  Market: Global Specialty Silica Market


Study Objectives of Specialty Silica  Market:



  • To study market overview of the specialty silica.

  • To estimate market size by types, by application and region.

  • To provide insights about market drivers, restrains and opportunities related to specialty silica market.

  • To provide geographical market analysis and outlook for North America, Europe, Asia along with other parts of the world.

  • To analyze the global specialty silica market based on various factors- supply chain analysis, Porters Five Force analysis etc.

  • To provide strategic profiling of key players in the market; broadly analyzing their core competencies.

  • To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments besides research and developments related to global specialty silica


Market Segmentation:
Market Segmentation Silica  Market

Key Players


Rising R&D investments coupled with new product development for manufacturing cost effective product is benefitting players in various regions. The Key players of global specialty silica market are Evonik Industries, Akzo Nobel N.V., Cabot Corporation, Wacker Chemie AG, PPG Industries, Inc., Huber Engineered Materials, Solvay S.A., W. R. Grace & Co., Nalco Holding Company, Madhu Silica Private Limited and others.


Reasons to buy



  • This report includes an in-depth study analysis of specialty silica market

  • It covers market segmentation by type, by application and by end user.

  • It helps in identifying region-wise major suppliers and understanding their consumption patterns.

  • The report will provide useful and premium insights that will support in investments in specialty silica and allied companies providing detail on the fast-growing segments and regions.

  • In addition, it will provide key findings that will help companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.

  • The data used in the report is primarily based on primary interviews with major producing companies and industry experts supported by authentic industry data from secondary sources.


Target Audience



  • Specialty silica manufacturers

  • Traders and distributors

  • Association and government bodies.

  • Application industries

  • Research institute

  • Nationalized laboratory


Geographic Analysis 


The report covers brief analysis of geographical region such as: North America



  • U.S.

  • Canada


Europe

  • Germany

  • France

  • Italy

  • Netherlands

  • U.K.

  • Europe


APAC

  • China

  • India

  • Japan

  • Asia-Pacific


RoW

  • South America

  • Middle East

  • Africa


The report for global specialty silica market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of top key players in the industry. Along with these it also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2016: USD 5.1 Billion
  • 2027: Significant value
  •   CAGR   6.1% (2016-2022)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units    Value (USD Billion)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Product Type, By Application and By Region
      Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Evonik Industries, Akzo Nobel N.V., Cabot Corporation, Wacker Chemie AG, PPG Industries, Inc., Huber Engineered Materials, Solvay S.A., W. R. Grace & Co., Nalco Holding Company, Madhu Silica Private Limited and others
      Key Market Opportunities

  • Growing concern of depletion of fossil fuels and strict emission rules
  • Automotive industries are shifting to use green tires
  •   Key Market Drivers

  • Rising demand for specialty silica in personal care & cosmetics products owing to its properties
  • Owing to properties such as high tensile strength and abrasion resistance, specialty silica is highly used in rubber industries


  • Frequently Asked Questions (FAQ) :


    Colloidal silica, silica gel, fumed silica, precipitated silica, and fused silica are the five different types of specialty silica.

    The specialty silica market is predicted to grow at a 6.1% CAGR between 2020-2027.

    Availability of low-cost substitutes and high price of colloidal silica may limit the specialty silica market growth during the forecast period.

    Specialty silica has a wide range of applications in various end use industries including electronic components, food and beverage, personal care and cosmetics, agriculture, paints and coatings, and rubber.

    Notable players profiled in the specialty silica market include Madhu Silica Private Limited, Nalco Holding Company, W. R. Grace & Co., Solvay S.A., Huber Engineered Materials, PPG Industries, Inc., Wacker Chemie AG, Cabot Corporation, Akzo Nobel N.V., and Evonik Industries.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of The Report

    2.1 Market Definition

    2.2 Scope of The Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Specialty Silica Market

    5 Industry Overview of Global Specialty Silica Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    5.5 Impact analysis

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Specialty Silica Market by Region

    8. Global Specialty Silica Market by Product Types (Precipitated Silica, Fused Silica, Fumed Silica, Silica Gel, Colloidal Silica)

    9. Global Specialty Silica Market by Application (Rubber, Electronic Components, Agriculture, Paints & Coatings, Food & Beverage, Personal Care & Cosmetics and others)

    10. Company Profiles

    10.1 Evonik Industries

    10.1.1 Overview

    10.1.2 Financials

    10.1.3 Portfolio

    10.1.4 Business Strategies

    10.1.5 Recent Development

    10.2 Akzo Nobel N.V.

    10.2.1 Overview

    10.2.2 Financials

    10.2.3 Portfolio

    10.2.4 Business Strategies

    10.2.5 Recent Development

    10.3 Cabot Corporation

    10.3.1 Overview

    10.3.2 Financials

    10.3.3 Portfolio

    10.3.4 Business Strategies

    10.3.5 Recent Development

    10.4 Wacker Chemie AG

    10.4.1 Overview

    10.4.2 Financials

    10.4.3 Portfolio

    10.4.4 Business Strategies

    10.4.5 Recent Development

    10.5 PPG Industries, Inc.

    10.5.1 Overview

    10.5.2 Financials

    10.5.3 Portfolio

    10.5.4 Business Strategies

    10.5.5 Recent Development

    10.6 Huber Engineered Materials

    10.6.1 Overview

    10.6.2 Financials

    10.6.3 Portfolio

    10.6.4 Business Strategies

    10.6.5 Recent Development

    10.7 Solvay S.A.

    10.7.1 Overview

    10.7.2 Financials

    10.7.3 Portfolio

    10.7.4 Business Strategies

    10.7.5 Recent Development

    10.8 W. R. Grace & Co.

    10.8.1 Overview

    10.8.2 Financials

    10.8.3 Portfolio

    10.8.4 Business Strategies

    10.8.5 Recent Development

    10.9 Nalco Holding Company

    10.9.1 Overview

    10.9.2 Financials

    10.9.3 Portfolio

    10.9.4 Business Strategies

    10.9.5 Recent Development

    10.10 Madhu Silica Private Limited

    10.10.1 Overview

    10.10.2 Financials

    10.10.3 Portfolio

    10.10.4 Recent Development

    11 Conclusion

    LIST OF TABLES

    Table 1 World Population by Major Regions (2020 To 2030) (Billion)

    Table 2 Global Specialty Silica Market: By Region, 2020-2027 (USD Billion)

    Table 3 North America Specialty Silica Market: By Country, 2020-2027 (USD Billion)

    Table 4 Europe Specialty Silica Market: By Country, 2020-2027 (USD Billion)

    Table 5 Asia-Pacific Specialty Silica Market: By Country, 2020-2027 (USD Billion)

    Table 6 RoW Specialty Silica Market: By Country, 2020-2027 (USD Billion)

    Table 7 Global Specialty Silica for Product Types Market: By Regions, 2020-2027 (USD Billion)

    Table 8 North America Specialty Silica for Product Types Market: By Country, 2020-2027 (USD Billion)

    Table 9 Europe Specialty Silica for Product Types Market: By Country, 2020-2027 (USD Billion)

    Table 10 Asia-Pacific Specialty Silica for Product Types Market: By Country, 2020-2027 (USD Billion)

    Table 11 RoW Specialty Silica for Product Types Market: By Country, 2020-2027 (USD Billion)

    Table 12 North America Specialty Silica for Application Market: By Country, 2020-2027 (USD Billion)

    Table 13 Europe Specialty Silica for Application Market: By Country, 2020-2027 (USD Billion)

    Table 14 Asia-Pacific Specialty Silica for Application Market: By Country, 2020-2027 (USD Billion)

    Table 15 RoW Specialty Silica for Application Market: By Country, 2020-2027 (USD Billion)

    Table 16 Global Specialty Silica Application Market: By Region, 2020-2027 (USD Billion)

    Table 17 North America Specialty Silica for Application Market: By Country, 2020-2027 (USD Billion)

    Table 18 Europe Specialty Silica for Application Market: By Country, 2020-2027 (USD Billion)

    Table 19 Asia-Pacific Specialty Silica for Application Market: By Country, 2020-2027 (USD Billion)

    Table 20 RoW Specialty Silica for Application Market: By Country, 2020-2027 (USD Billion)

    Table 21 Global Product Types Market: By Region, 2020-2027 (USD Billion)

    Table 22 Global Application Market: By Region, 2020-2027 (USD Billion)

    Table 23 North America Specialty Silica Market, By Country (USD Billion)

    Table 24 North America Specialty Silica Market, By Product Types (Billion USD)

    Table 25 North America Specialty Silica Market, By Application (Billion USD)

    Table 26 Europe: Specialty Silica Market, By Country (USD Billion)

    Table 27 Europe: Specialty Silica Market, By Product Types (USD Billion)

    Table 28 Europe: Specialty Silica Market, By Application (USD Billion)

    Table 29 Asia-Pacific: Specialty Silica Market, By Country (USD Billion)

    Table 30 Asia-Pacific: Specialty Silica Market, By Product Types (USD Billion)

    Table 31 Asia-Pacific: Specialty Silica Market, By Application (USD Billion)

    Table 32 RoW: Specialty Silica Market, By Country (USD Billion)

    Table 33 RoW: Specialty Silica Market, By Product Types (USD Billion)

    Table 34 RoW: Specialty Silica Market, By Application (USD Billion)

    LIST OF FIGURES

    FIGURE 1 Global Specialty Silica market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Specialty Silica Market

    FIGURE 4 Value Chain of Global Specialty Silica Market

    FIGURE 5 Share of Global Specialty Silica Market in 2020, by country (in %)

    FIGURE 6 Global Specialty Silica Market, 2020-2027, (USD billion)

    FIGURE 7 Sub-segments of Applications

    FIGURE 8 Global Specialty Silica Market size by Application, 2020

    FIGURE 9 Share of Global Specialty Silica Market by Application, 2020 to 2027

    FIGURE 10 Global Specialty Silica Market size by Product Types, 2020