Global Specialty Silica Market Information-by Product Type (precipitated silica, fused silica, fumed silica, silica gel, colloidal silica), by Application (rubber, electronic components, agriculture, paints & coatings, food & beverage, personal care & cosmetics and others) and by Region - Forecast to 2022

Pune, India -- (SBWire) -- 05/16/2018 --Commenting on this report, an analyst from Market Research Future (MRFR)'s team said, "The market of Specialty Silica is growing rapidly due to rise in demand from industries where its application is more such as rubber, electronic components, agriculture, paints & coatings, food & beverage, personal care & cosmetics and others. Rubber industry is the major application segment of Global Specialty Silica Market owing to usage of rubber in industrial tools, automotive tires and equipment's. Rise in demand of green tires in countries like North America and Europe drives the Specialty Silica Market growth and is expected to continue this in future. Other applications such as paints & coatings and personal care & cosmetics is also expected to drive the demand for Specialty Silica Market in future owing to properties of silica such as acting as a catalyst, absorbents and abrasive.

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Precipitated Silica accounts for the largest share of Global Specialty Silica Market owing to numerous application of precipitated in tires, food & beverages, rubber and cosmetics. It acts as a clarification agent in beer, acts as an anticaking agent, and is also used as UV protection in personal care products and reduce impurities in food. Owing to wide application of precipitated silica, the market for the same is growing. Fumed silica is used in paints & coatings and electronic components such as ceramic capacitors and circuits boards. Growth of the paint & coating industry due to rise in construction and infrastructure development in countries like China and India is expected to positively impact this market growth in future. Colloidal silica and fused silica are other two key products segment of specialty silica which are used in refractories and are highly expensive in nature. Buyers of this market are looking out for alternative such as silica gel which can substitute Specialty Silica maintaining the efficiency in spite of being available at low cost. Buyers who are looking for all these, their demand can negatively impact the demand for colloidal silica and fused silica. On the other hand, substitutes like silica gel which are not only cheaper but easy to procure are largely preferred by small and medium size buyers.

Based on Application, the automotive industry is expected to fuel the tire demand which accounts for the largest market share owing to use of rubber in production of tires which is an application of specialty silica. Rising production of tires which increases the demand of rubber in the automotive sector to increase shelf life and fuel efficiency of vehicles that will boost the Specialty Silica Market growth further. The growing coating industry due to rise in construction and infrastructure development will also boost the demand for specialty silica in the coming years.

This study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.

The market is classified and analyzed on the basis of various geographic segmentation which includes Americas, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific accounts for largest market share owing to rise in automotive, paints & coating and rubber industry in China & India. Paints & coatings market is growing rapidly in China due to increase in government's expenditure in infrastructure. Rapid industrialization and high rate of consumption coupled with changing lifestyle of consumers in North America is driving the demand for Specialty Silica in the electronic industry. Increase in R&D investment coupled with product development will open opportunities for manufacturers in future. Growing automobile industry in Germany is expected to propel the demand for Specialty Silica Market in Europe.

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