Silica Market: By Forms (Precipitated Silica, Fumed silica, Fused Silica, Silica Gel, and Colloidal Silica), By End User (Building and Construction, Glass Manufacturing, Water-Treatment, Oil and gas, and others), and Geography

Silica Market size was valued at USD 598.7 million in 2023 and is poised to grow at a 6.2% CAGR from 2024 to 2030. Silica is an oxide of silicon, viz., silicon dioxide, and is generally colorless to white and insoluble in water. When associated with metals or minerals the family of silicates is formed. Precipitated silicas have been used extensively in many rubber applications, much more than fumed silica. In the rubber industry, the use of fumed silicas is limited due to expense, mainly being used as reinforcing fillers for silicon rubbers.

Silica is used in many applications such as building and construction, glass manufacturing, water treatment, and oil & and gas, according to forms type fumed silica is mostly used in the pharmaceutical industry which drives the silica market. Increasing demand for fumed silica in paint and coatings. Furthermore, fused silica use in manufacturing optical parts such as lenses mirrors, and UV and IR transmitting optics results in higher demand for silica in the future which results to create new demands in the market. Government and associations have provided numerous regulations for the standard usage of silica in the products, silica is classified as hazardous material, and therefore under Chapter 4 of the Hazardous Substances, the employer has a legal duty to eliminate silica poison and control the risk which is the major challenges in the silica market. silica. 

Silica Market Key Developments:

• In September 2022, Evonik, one of the world’s leading silica producers, entered a strategic cooperation with the Pörner Group, Austria, and Phichit Bio Power Co., Ltd., Thailand, to supply sustainable ULTRASIL® precipitated silica to tire manufacturers. The key raw material for sustainable silica is sodium silicate, which is derived from rice husk ash (RHA), an agricultural waste product, and produced exclusively with green energy.
• In January 2022, Elkem Silicones launched an online storefront for advanced mold-making products. A broad range of silicone rubbers are available on this new storefront including BLUESIL™ RTV 3040, BLUESIL™ V-330, BLUESIL™ RTV 1065, and more.  These silicones can be used in a wide range of end applications such as prototyping, serial manufacturing, special effects, model making, medical training aids, jewelry making, sculpting, candle making, and home crafts.