Global Specialty Silica Market

Global Specialty Silica Market: Increasing Demand for Automotive Sector to Drive Growth of
Market
Albany, New York, October 16, 2017: Some of the key companies in the global specialty silica
market include names such as Huber Engineered Materials, Madhu Silica Private Limited, Solvay
SA, Cabot Corporation, PPG Industries Inc., Qingdao Makall Group Inc., and Wacker Chemie AG
among others. Internationally, all these companies are found to be broadening their manufacturing
capacities so as to catch up with the growing demand for specialty silica for several applications. In
addition to this, launching of new products such as highly dispersible silica for its use in fuel
efficient tyres, are expected to further enhance their product portfolio and thus the global presence
of the company. It is one of the major trends observed among the players in the global specialty
silica market.
Request and Download Sample Report @
https://www.futuremarketinsights.com/reports/sample/REP-GB-577
The global market for specialty silica is stood at an overall market valuation of worth US$5.6 bn in
the year 2016. This valuation is expected to grow at a strong CAGR of 5.8% over the course of the
given forecast period of 2016 to 2026. With respect to the total volume, the worldwide demand for
specialty silica was projected to reach at 3,188.1 KT (thousand tonnes) by the year 2016.
Wide Range of Applications to Drive Market Growth
The overall development of the global specialty silica market is chiefly driven because of the
growing applications of specialty silica in the field of automotive. Specialty silica is specifically
used as a performance additive in the tyres. This leads to better resistance, rolling, and traction of
the tyres which makes the vehicle consume less fuel and perform better when compared to the use
of traditional tyres. In the electronic sector, specialty silica is being increasingly used for the process
of chemical mechanical planarization (CMP) and to soak the moisture out of the electronic
products. Such a wide range of application is expected to drive the overall development of the
global specialty silica market.
The in terms of the product type, the global specialty silica market can be segmented into fumed
silica, colloidal silica, precipitated silica, and silica gel. Of these types, the precipitated silica
segment is projected to dominate the market over the given forecast period.
In terms of the application, the global specialty silica market can be segmented into plastics, rubber,
coatings and ink, electronics and electrical, food and beverages, personal care, and agriculture and
feed among others.
To view TOC of this report is available upon request @
https://www.futuremarketinsights.com/reports/specialty-silica-market/toc
Cyclic Behavior of End-use Industries Can be a Cause of Concern
However, there are some challenges faced by the global market for specialty silica. One of the chief
restraining factor for the development of the global specialty silica market is that it is relies heavily
on the end-use sectors. Some of these end use industries may show cyclic behavior. This is expected
to slow down the overall progress of the global specialty silica market. Also, in such conditions, it
becomes highly difficult to sustain a stable profit and revenue generation. This is also expected to
hinder the development of the global market over the given period of forecast.
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver
syndicated research reports, custom research reports and consulting services which are personalized
in nature. FMI delivers a complete packaged solution, which combines current market intelligence,
statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the
competitive framework and future market trends.
CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44(0)20-7692-8790
Sales: sales@futuremarketinsights.com
Website: http://www.futuremarketinsights.com