Silica Flour Market Size, Share | Industry Forecast Report 2021
Market Forecast By Regions (Europe, North America, Latin America, Asia Pacific, Middle East And Africa), By Product Type (70 Mesh, 70-150 Mesh, 150-325 Mesh, 325 Mesh), By Application (Sodium Silicate, Fiberglass, Cultured Marble, Additive, Reinforcing Filler, Glass & Clay Production) And Competitive Landscape
The Global Silica Flour Market Size is expected to grow from USD 1.02 Billion in 2017 to USD 1.48 Billion by 2030, at a CAGR of 4.5% from 2017 to 2030. The growth of the global silica flour market can be attributed to the increasing demand for glass and ceramics products, growing oil & gas production, and rising demand for lightweight materials in automotive applications. However, environmental concerns related to the use of silica flour may restrain the growth of this market during the forecast period. Based on type, the global silica flour market is segmented into sodium silicate, fiberglass, cultured marble, and others (including clay production additives). Sodium Silicate held a major share of the global silica flour market in 2016 owing to its wide range of applications across various industries such as glassmaking & construction; oilwell cement; ceramic manufacturing; food processing; water treatment; and others (including reinforcing agents for plastics & rubbers). Fiberglass is projected to be one of the fastest-growing types during the forecast period due to its increasing demand from end-use industries such as the automotive and wind energy sectors.
Asia Pacific was the largest regional market in terms of volume share and is expected to grow at a CAGR of XX% from 2022 to 2030. The region has witnessed significant growth in construction spending over the past few years, which is likely to benefit product demand as it is used for producing cement and other building materials such as glass fiber, ceramic fibers, Aggregates, etc. The growing oil & gas industry coupled with increasing exploration activities in the Middle East & Africa will drive the silica flour market over the forecast period.
- Increasing demand for Silica Flour from end-use industries such as construction, automotive, and others is expected to drive the market growth.
- Rising awareness about the benefits of using Silica Flour in various applications is projected to fuel the market growth over the forecast period.
- Growing demand for lightweight and high-strength materials in the automotive and construction industries is anticipated to boost the Silica Flour market growth.
- Technological advancements in production processes are likely to provide opportunities for market expansion over the forecast period.
Silica Flour Market Research Report :
By Type : Sodium Silicate, Fiber glass, Cultured Marble.
By Application : Glass, Oilwell Cements, Clay Production, Ceramic, Reinforcing, Additives.
By Companies: U.S. Silica Holdings, Premier Silica, SCR-Sibelco, AGSCO, Delmon Group, FINETON Industrial Minerals, Saudi Emirates Pulverization Indust, Sil Industrial Minerals, Opta Minerals, Hoben International, International Silica Industries Company, Premier Silica, Adwan Chemical Industries.