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What are the challenges to specialty silica market growth?

Wednesday, January 11, 2017 4:09
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(Before It's News)

The analysts forecast the global specialty silica market to grow at a CAGR of 6.24% during the period 2017-2021. This report covers the present scenario and the growth prospects of the global specialty silica market for 2017-2021. To calculate the market size, This report considers the revenue generated from the sales of specialty silica in key application areas such as rubber; personal care; food, feed, and agriculture; ink, paints, and coatings; and others across regions have been considered.

Complete report available at http://www.rnrmarketresearch.com/global-specialty-silica-market-2017-2021-market-report.html .

Silica, which is the most plentiful mineral found in the crust of the earth, is a chemical compound generally known as silicon dioxide (SiO2). Silica is commonly found in nature in the form of quartz. Silicon dioxide is typically procured by mining and refinement of quartz. Silica-based products can be categorized into four major types, namely, precipitated silica, colloidal silica, fumed silica, and silica gel. Each type has its own industrial applications. Specialty silica is mainly used in rubber; personal care products; food, feed, and agricultural products; plastics; ink, paints, and coatings; and adhesives and sealants.

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The following companies are the key players in the global specialty silica market: Evonik Industries, PPG Industries, W.R. Grace, J.M. Huber, and Solvay. Other Prominent Vendors in the market are: Anten Chemical, Cabot, FUJI SILYSIA CHEMICAL, Gujarat Multi Gas Base Chemicals (GMGBC), IQE, Kadvani Chemicals, Madhu Silica, Oriental Silicas, PQ, Qingdao Haiyang Chemical, and Tosoh Silica

According to the report, the automotive industry is growing with the increasing sales of passenger and commercial vehicles worldwide. In terms of units, almost 90 million vehicles were sold in 2015, and this number is expected to reach up to 108 million by 2020. The rising per capita income with increasing population across regions will likely drive the revenue of the global automotive industry.

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Further, the report states that precipitated silica is extensively used in the rubber and automotive tire industries as a filler agent. However, the extraction process of precipitated silica is performed at a very high temperature (2,400 °F to 2,700 °F). To maintain such high temperature ranges, high amounts of fuel and gases are required. This high energy requirement for the production of precipitated silica and the cost associated with it, thereby, increase the overall production cost, which directly increases the cost of the product.

The increased emphasis on the R&D to develop eco-friendly silica gel products, owing to the increasing global awareness of the need to protect the environment, is resulting in the introduction of safer silica gel products. The introduction of Eco Blue Silica Gel by Nantong OhE Chemicals can be cited as an example of such a development. This product does not contain cobalt dichloride or cobalt chloride, the main types of environment pollutants mostly found in allochroic silica gel products, while still having the same level of efficiency.

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Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

 

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