Global Specialty Silica Market Status, Opportunities, Market Forecasts 2019
Albany, NY (PRWEB) January 21, 2015 -- The global demand for specialty silica including fumed silica, precipitated silica, silica gel, and silica sol are expected to grow because of its deployment in the rubber market. Rubber is reportedly the largest market for specialty silicas and is high in demand especially in the Asia-Pacific region, North America, as well as Western Europe.
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The report based on the global specialty silica market offers in-depth analysis of this market on a global level, keeping its major focus on various key segments. Precipitated silica and fumed silica are the two major segments within the global specialty silica market. Precipitated silica is often used in tire treads and is therefore expected to account for approximately more than two-thirds of the global demand for silica in the near future. Precipitated silica holds majority of the share in the overall specialty silica market mainly due to the growth in the automobile and construction sectors. It has also grown at an accelerated pace due to the increasing adoption of green tires. High demand for and increasing penetration of green tires that use precipitated silica to improve motor-vehicle fuel economy and lower rolling resistance will also be increasing in the near future.
Fumed silica, on the other hand, is expected to grow in silicone rubber industrial applications.
Through specific insights on the size of the market, industrial use, and growth drivers, the study covers essential information and in-depth analysis on both these key segments.
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Silica is one of the most necessary components used in a broad range of construction materials and products around the world. Specialty silica (inclusive of fumed, precipitated, and silica gel) play a key role in several end-use market segments ranging from electronics, spanning rubber, print media, polymers, elastomers, chemical mechanical planarization, and footwear. With abundant varieties available to cater to vital industry applications, the total demand for silica is surging in many countries.
This report covers market information for regions such as North America, Asia-Pacific, and Western Europe. The report assesses the market trends and size of specialty silica globally, providing detailed insights on the market drivers, developments, future outlook, market size, and penetration of the specialty silica market all over the world as well as in the main regions mentioned above.
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The study report also provides key opportunities, factors driving the growth of the market, and different challenges faced by key players in the specialty silica industry. Such elements have been outlined and analyzed in the report for the forecast period 2014-2019.
Some of the key players operating in the global specialty silica market are also profiled in this report. They are Solvay, Evonik Industries, and PPG Industries, among others.
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