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

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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. 

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.

Silica Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.2%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Silica Market Dynamics

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.

Key Features of the Reports

  • The silica market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.

Silica Market Segmentation

By Form
  • Precipitated Silica
  • Fused Silica
  • Silica Gel
  • Colloidal Silica
By End User
  • Building and Construction
  • Glass Manufacturing
  • Water-Treatment
  • Oil & Gas
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

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.

  • Elkem ASA
  • Evonik Industries AG
  • Nouryon
  • PPG Industries, Inc.
  • PQ Corporation
  • Saint-Gobain
  • Solvay
  • S. Silica
  • R. Grace & Co.-Conn.
  • Wacker Chemie AG
  • Cabot corporation
  • Tokuyama corporation
  • Applied material solutions

Adjacent Markets