Specialty Silica Market Trends and Forecast Report 2016 – 2024
Market Research Hub( MRH) has recently announced the addition of a fresh report, titled“ Specialty Silica Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” to its report offerings. This report analyzes and forecasts the market for specialty silica at the global and regional level. The market has been forecast based on volume( KILO TONS) and revenue( US $ Mn) from 2016 to 2024, considering 2015 as the base year.
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Specialty silica is silicon dioxide, which is majorly available in the form of quartz in nature. The five basic type of specialty silicas available in the market are: precipitated silica, fumed silica, fused silica, silica gel and colloidal silica. specialty silica are employed in various applications such as rubber, crop protection, paints & coatings, electronic components, food & beverage, animal feed, plastics, personal care & cosmetics, textile, paper, refractories and others. Rising demand for specialty silica in the tire industry in various regions is likely to propel the specialty silica market in the near future. Specialty silica are also used in paints & coatings, electrical & electronic, and other applications industries. Demand for specialty silica is projected to increase significantly in the next few years considering the extensive growth of the global rubber and microelectronics market.
Asia Pacific dominates the specialty silica market in terms of production and demand. Countries such as China, India, Japan, and South Korea are expected to be the key consumers of specialty silica. North America is the second largest consuming region. Availability of inexpensive substitutes for products such as colloidal silica and silica gel is expected to hamper the specialty silica market in the