- Precipitated Silica
- Fused Silica
- Silica Gel
- Colloidal Silica
Silica Market size was valued at USD 488.6 million in 2022 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.
Fastest Growing Market
The increasing application in building and construction, glass manufacturing across the world is the major market driver in the Silica Market during the forecast period. Silica is later classified according to usage; fumed silica is mainly used for the manufacturing of paints and coatings, fused silica has transparent properties and is used for the preparation of lenses, mirror, and other optics, whereas colloidal silica is used in bandages and dressings to treat burns, various usage of silica increases the demand. Hence, this will drive the global market growth at a significant rate.
The silica market size is expected to be valued at USD 488.6 million in 2022, growing at a 6.2% CAGR from 2024 to 2030
The leading players in the silica market are; Elkem ASA, Evonik Industries AG, Nouryon, PPG Industries, Inc., PQ Corporation, Saint-Gobain, Solvay, U.S. Silica, W. R. Grace & Co.-Conn, Wacker Chemie AG, Cabot corporation, Tokuyama corporation, and Applied material solutions
Historic years considered for the market study are 2019 through 2023, 2023 is considered as the base year for market estimation and the forecast presented from 2024 to 2030.