Specialty Silica Market to Increase at a CAGR of 5.8% During the Forecast Period 2016-2026
Specialty silica demand will continue to be strong in 2016, fuelled by its wide-ranging applications in the rubber and plastics industry. Global demand will reach 3,188.1 KT (thousand tonnes) in 2016, up by 3.7% y-o-y, representing market value worth US$ 5.6 Bn. Rubber industry will continue to be the largest application segment for specialty silicas in 2016, accounting for 1,933.0 KT. Use of specialty silica in tyre manufacturing will drive demand, as focus on improving fuel-efficiency of automobiles continues to...
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