Specialty Silica Market Ongoing Status and Forecast to 2022

The market is expected to be driven by the growth of the automotive and paints & coatings industry, coupled with the growing application of precipitated silica in the food industry. The Global Specialty Silica Market is projected to reach USD 4.43 billion by 2022, according to a new report by Grand View Research, Inc.

Growing product demand in various applications including rubber, food & healthcare, coatings, and plastics & abrasives is expected to augment product demand over the forecast period. The demand for higher performance and specialized products is increasing in rubber and a few other industries. Precipitated silica has emerged as a performance additive that imparts increased wear resistance and wet grip capabilities to automotive and industrial tires. Furthermore, growth in the automotive industry particularly in India and China is expected to propel product demand over the next few years.

Growing personal care sector in countries such as the U.S., India, China, UAE, Kuwait, South Africa, Brazil, Germany, and Mexico is expected to augment industry growth. Rising disposable incomes, coupled with increasing penetration of market players such as P&G and Reckitt Benckiser through new product launches in China and India, is expected to promote cosmetics industry growth. Introduction of new product formats, gender-specific products, and technological developments is expected to drive demand for perfumes, thereby fueling specialty silica consumption over the forecast period.

The coating applications segment is expected to gain significant market share over the forecast period. The coatings industry mainly uses fumed silica in order to control rheological characteristics, such as thixotroping agents, anti-settling agent and to help in the prevention of rust and corrosion.Fumed silica has a large surface area and thus is desirable in the coatings industry. Due to this property exhibited by fumed silica, the paints & coatings industry is one of the major consumers of the product.

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Asia Pacific held the largest market share in terms of revenue in 2015. The market in China and India is expected to show substantial growth in the automotive and construction sectors as a result of the increasing disposable incomes and rising government spending on infrastructure development projects.

Top Players of Specialty Silica Market:

Some of the key companies present in the market are Tosoh Corporation, Wacker Chemie AG, Oriental Silicas Corporation, Nissan Chemical Industries Limited, Kemira Oyj, Nippon Aerosil Co. Ltd and Evonik Industries.

Market Segemntation of Specialty Silica Market:

The Global Specialty Silica Market segmented on the basis of Product, Application, and Region.

By Product:

    Precipitated silica
    Silica gel
    Fused silica
    Colloidal silica
    Fumed silica

By Application:

    Rubber
    Food & healthcare
    Coatings
    Plastics
    Abrasives & refractories

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