Worldwide specialty silicas demand is to rise 5.6% yearly through 2016
Zhengzhou,China (PRWEB) February 18, 2014
iAbrasive, an international online trade platform for abrasives, abrasive products, diamond tools and super-abrasives, recently implies in a survey that Global specialty silicas demand is to increase 5.6% annually through 2016 due to increased use of silica in tire treads and higher levels of tire production.
World demand for specialty silicas -- which include precipitated silica, fumed silica, silica gel, and silica sol -- will rise at a healthy 5.6 percent annual pace to 2.8 million metric tons in 2016. In value terms, the market will grow 7.5 percent per year to $6.4 billion. Volume demand will be bolstered by rising use in the rubber market due to increased use of silica in tire treads and higher levels of tire production, and by recovery in the manufacturing sector.(according to data on http://www.freedoniagroup.com/industry-study/2906/world-specialty-silicas.htm).
Precipitated silica, the dominant specialty silica product, will continue to account for over two-thirds of global demand through 2021. Above average growth will be fueled by the adoption of “green tires,” especially in North America and the Asia/Pacific region. New tire labeling regulations in the EU, Japan, and South Korea will increase demand for precipitated silica in tire treads, where precipitated silica lowers rolling resistance (improving fuel economy) and improves wet grip.
iAbrasive.com is a professional business to business trade platform for abrasives, abrasive products, super-hard abrasive products and diamond tools, for more information, please click http://www.iabrasive.com/.