Specialty Silica Market Report

Specialty Silica Market Analysis By Product (Precipitated Silica, Silica Gel, Fused Silica, Colloidal Silica, Fumed Silica), By Application (Rubber, Food & Healthcare, Coatings, Plastics, Abrasives & Refractories) And Segment Forecasts To 2022

Published: April 2016  |  130 Pages  |  Format: PDF  |  Report ID: 978-1-68038-794-0

Industry Insights

Global specialty silica market size was estimated at 3,200.0 kilo tons in 2014. Increasing rubber consumption in tire production on account of automotive industry growth in developing economies including India, China, and Indonesia is expected to propel demand over the forecast period. In addition, increasing demand for green tires in Europe and North America is expected to have a positive impact on the market over the forecast period.

Regulatory approval from various associations including the FDA and U.S. Department of Agriculture regarding product use in food & beverages is expected to propel demand over the next seven years. Rising R&D expenditure by various market players to improve product quality and decrease production cost will fuel growth over the forecast period.

The product is widely used in various applications including rubber, coatings, food & healthcare, plastics, and abrasives. In addition, it is used in manufacturing numerous types of toothpaste including medicated and transparent wherein it is employed as an abrasive and a polishing agent. These advantages are expected to have a positive impact on the industry over the forecast period.

Stringent regulations regarding product handling on account of emission of harmful particulate matter may challenge product demand over the next seven years. Continuous inhalation of these particles may cause chronic obstructive pulmonary disease, lung cancer, and silicosis among factory workers. These factors may have a negative impact on the industry over the next seven years.

Specialty silica market is expected to witness significant demand over the next seven years on account of rising application scope in plastics, rubber/tire, packaging and oral care, industries. Rising product use in rubber industry on account of various properties including high tensile strength and abrasion resistance is expected to drive demand over the forecast period. The product is also employed in manufacturing cosmetic and personal care products personal care on account of its sweat and oil property which leave the skin texture silky and smooth.

U.S. specialty silica market volume, by product, 2012-2022 (Kilo Tons)

U.S. specialty silica market

Product Insights

The global market is segmented into five product types including precipitated silica, silica gel, fused silica, colloidal silica and fumed silica. Colloidal is expected to witness the fastest growth, growing at a CAGR of over 6.0% in terms of volume from 2015 to 2022. Increasing product demand in various applications including catalysts, surfactants, absorbent and as an abrasive for polishing silicon wafers is expected to have a positive impact on the market over the forecast period.

Fumed silica segment was valued at over USD 50.0 million in 2014. The product is widely employed in the manufacturing of paints & coatings. Growth in the coatings industry, particularly in Asia Pacific on account of rising construction and infrastructural development particularly in India and China, is expected to have a positive impact on growth over the forecast period.

Application Insights

The global market is segmented into five applications including rubber, food & healthcare, coatings, plastics, and abrasives & refractories. Coating application is expected to witness the fastest growth, growing at a CAGR of over 11.0% in terms of revenue from 2015 to 2022. Increasing demand for coatings in various regions including Asia-Pacific, Latin America and the Middle East on account of robust construction industry growth is expected to fuel product demand over the next seven years.

Food & healthcare segment was estimated at over 400.0 kilo tons in 2014. Changing consumer lifestyle coupled with rising number of restaurants and cafés in Asia Pacific countries including India and China is expected to propel product growth.

Growing product demand in the agrochemical industry is expected to impact favorably the market over the forecast period. Increasing use of the product as flow conditioners and absorbent carriers wherein it helps to improve storage stability and suspension in liquids is expected to propel demand over the next seven years.

Regional Insights

Asia Pacific market is likely to grow at a CAGR of over 5.0% from 2015 to 2022. Rising automobile demand in emerging economies of India and China has led to tire industry growth which in turn is expected to have a positive impact on the market over the forecast period.

Rising product need from Europe and North America on account of their high efficiency and increasing application scope in the development of green tires is expected to fuel product demand over the forecast period. Rising R&D investments coupled with technological breakthroughs for cost-effective product manufacturing are expected to have a positive impact on product demand in these regions over the next seven years.

Competitive Insights

The specialty silica industry is fragmented with numerous players operating in various regions. Key players in the industry rely on new product launches and M&A to expand their presence globally.

In December 2015, Wacker Chemie AG introduced two new HRI silicones for encapsulating high-performance LEDs. The encapsulants stand out due to their high refractive index, excellent transparency, and low gas permeability. In May 2015, Evonik Industries started production of precipitated silica at its new plant in Essen, U.S. on account of growing demand from rubber and tire industry.

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