Specialty Silica Market Analysis Will Expand at a CAGR of 5.8% from 2016-2026
Verfasser: pradnya_86 on Wednesday, 1 March 2017Speciality silica such as precipitated silica, fumed silica and colloidal silica are mainly used in various applications such as rubber, plastics, agriculture & feed, food & beverages, and oral care. In these applications, it serves different purposes; for instance, in tyres, it is used as a performance additive; in personal care products, it acts as a matting agent to avoid skin from appearing glossy after application of cosmetics; in food and beverages, it acts as a clarification agent for beer and helps remove impurities. In plastics, speciality silica is used during polymerisation process as an anti-blocking agent to prevent polymer layers from sticking to each other. Over the last couple of years, use of specialty silica in manufacturing green tyres has increased considerably, a trend that’s expected to fuel global demand during the forecast period.
Global specialty silica market is estimated to account for US$ 5.6 Bn in 2016, and expand at a CAGR of 5.8% in terms of value during the forecast period, 2016-2026. In volume terms, global demand for speciality silica is expected to stand at 3,188.1 KT (thousand tonnes) by the end of 2016.
Market Dynamics