Albany, NY -- (SBWIRE) -- 06/19/2018 -- According to the findings of the latest study, with a surging scope for application of specialty silica over a plethora of industries, the market demand is expected to surge rapidly. Market Research Hub (MRH) has freshly announced the inclusion of a study titled "Specialty Silica: Global Markets to 2022" to its massive repository, which provides readers a clear picture of the current scenario of the market, with a prime focus on geographic regions such as North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
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This 108-page report also includes key developments taking place in the specialty silica industry including the events that took place in the past and the events that are likely to take place during the forecast period 2017-2022. Specialty silica is a fine powder which is used in powder or granule form depending on the end-user industry. It is well-known for its use in the production of medicated and transparent toothpaste as it acts as a whitening, cleaning and polishing agent. At present, the market is driven by the demand of raw material from the end-user industry; the increasing demand from tire and non-tire rubber market are positively affecting demand for specialty silica across the world.
Research Major Insights
- According to the analyst's key evaluations, the global specialty silica market should reach $8.7 billion by 2022 from $5.8 billion in 2017 at a CAGR of 5.8% from 2017 to 2022. The analyst found that continually increasing demand from developed countries and demand from developing countries is contributing to the overall expansion of the worldwide specialty silica market. Industrial growth in the developing economies is a major driver for expansion of the market during the forecast period.
- Moreover, rising investments in research & development along with technological advancements for cost competitive product manufacturing is expected to have a positive influence on the global specialty silica market size by 2022 end.
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- In terms of geography, the Asia-Pacific region accounts for largest regional market for specialty silica in terms of volume and has high growth potential. This growth is mainly driven by growing end-user industries in the region such as rubber, plastics, food and beverage, and others.
- Apart from the regional insights, the study offers segmental analysis based on major types, technologies, and end-user. The different types of specialty silica considered in the report include precipitated silica, fused silica, fumed silica, silica gel, and colloidal silica. The report includes descriptions of end-use markets such as rubber, electronic components, agriculture, paints and coatings, food and beverage, cosmetics and personal care, and others.
At last, another vital section of the report is competitive landscape featuring some of the top companies, their products and business strategies, and their standing in the global specialty silica market. Key players functioning across the globe include Akzo Nobel Nv, W.R. Grace, Madhu Silica, and Dalian Fuchang Chemical Group Co., Ltd.
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