The global silica market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. It improves rubber goods' resistance properties, structural rigidity, and flex fatigue qualities. Silica is frequently employed in tire applications due to its capacity to strengthen the binding and shear resistance between car tires and metallic reinforcements. Tire demand is being driven mostly by expanding vehicle manufacturing, particularly in India, China, Indonesia, South Korea, Japan, Malaysia, Taiwan, Mexico, the U.S., and Germany. Rapid economic expansion, increased government expenditure, advances in road infrastructure, and a growing consumer preference for personal transportation are expected to drive demand for vehicles, supporting market revenue growth.
Top Companies Operating in the Global Silica Market:
- PPG Industries Inc. (U.S.)
- Industrias Químicas del Ebro SA (Spain)
- Evonik Industries AG (Germany)
- Tata Chemicals Ltd (India)
- AntenChem Co. Ltd (U.S.)
- Solvay SA (Belgium)
- PQ Corporation (U.S.)
- R. Grace Co. (U.S.)
- Oriental Silica Corporation (Taiwan)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Silica market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Silica market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Silica market key players
3.2 Global Silica size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Silica market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Silica Market Segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Amorphous
- Crystalline
Application/End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Building and Construction
- Rubber Manufacturing
- Shale Oil and Gas
- Glass Manufacturing
- Water Treatment
- Other
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