Global Silica market is expected to witness a significant growth rate during the forecast period. Factors such as the increasing demand for Silica is the surging Construction Industry and the demand for silica in preparation of high-quality cement.
The increasing demand for Silica in Agriculture as a fertilizer for crop enhancement and in the electronics industry is expected to propel the demand for Silica in the forecasted years. The ongoing R&D to improve the quality of Silica and make them more compliant with the ever-changing regulations is likely to act as an opportunity in the coming years. However, Carbon Black being a major substitute for Silica is likely to obstruct the Market's growth.
The construction industry is the prime consumer of Silica and is expected to drive the demand for Silica in the forecasted years. Whole grain silica is used in specialty cement, flooring, asphalt mixtures, mortars, and other industrial materials for improving durability and structural integrity. Silica performs as a functional extender which adds durability, weathering, anti-corrosion properties in caulks, sealants, and epoxy-based compounds. Silica fumes are a highly pozzolanic material used in the construction industry to enhance concrete mechanical and durability properties.
The increasing usage of high-quality concrete is expected the drive the silica market in the forecasted years. The US's success in the last century was heavily dependent on the construction sector. According to the Construction Association of Americas, the industry boasts about 680,000 employers, employing over 7 million people, creating structures worth USD 1.3 trillion each year. The Mexican Government, to boost the construction industry in the country, announced a USD 43 billion investment plan to be implemented from 2020 through 2024.
More than 50% of the global GDP is generated in cities, and urbanization can lead to sustainable growth if managed well by increasing productivity. Thus, the increasing demand of the construction industry is all set to propel the future Silica market.
Major global players in the industry were Tosoh Corporation, Wacker Chemie AG, Oriental Silicas Corporation, Nissan Chemical Corporation, among others.
Key Topics Covered:
1. Executive Summary
2. Research Scope and Methodology
3. Market Analysis
3.2 Market Dynamics
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
5. Market Segmentation & Forecast
5.1 By Type
5.2 By End-User Industry
5.2.2 Glass & Ceramic
5.2.3 Personal Care
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.2.2 United Kingdom
6.2.6 Rest of Europe
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Tosoh Corporation
7.2 Wacker Chemie AG
7.3 Oriental Silicas Corporation
7.4 Nissan Chemical Corporation
7.5 Evonik Industries AG
7.6 PPG Industries, Inc.
7.7 Imerys S.A.
7.9 Cabot Corporation
7.10 Solvay S.A.
7.11 W.R. Grace & Co.
7.12 Tokuyama Corporation
7.13 China National Chemical Corporation
7.14 Applied Material Solutions, Inc.
7.15 Kemitura A/S
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/xiqx4n
View source version on businesswire.com: https://www.businesswire.com/news/home/20211019005717/en/
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