Global Specialty Silica Market Size to Exceed USD 13.3 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Specialty Silica Market Size Expected to Grow from USD 6.8 Billion in 2023 to USD 13.3 Billion by 2033, at a CAGR of 6.94% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Specialty Silica Market Size, Share, and COVID-19 Impact Analysis, By Type (Precipitated Silica, Silica Gel, Fumed Silica, Colloidal Silica, and Fused Silica), By Application (Rubber, Personal Care, Food and Feed, Chemicals, Plastics, Paints, Coatings and Inks, Metal and Refractories, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The specialty silica market is the global economy engaged in the manufacturing, marketing, and utilization of high-purity forms of silica such as precipitated silica, fumed silica, colloidal silica, silica gel, and fused silica. Specialty silica is utilized pervasively in industries like automotive, rubber, coatings, electronics, personal care, and food because of its reinforcing, thickening, and anti-caking properties. Moreover, the specialty silica market is the global economy engaged in the manufacturing, marketing, and utilization of high-purity forms of silica such as precipitated silica, fumed silica, colloidal silica, silica gel, and fused silica. Specialty silica is utilized pervasively in industries like automotive, rubber, coatings, electronics, personal care, and food because of its reinforcing, thickening, and anti-caking properties. However, the high cost of production, fluctuation in raw material prices, and strict environmental controls check market expansion. Moreover, the availability of alternatives and difficulties involved in mass manufacturing affect the broad usage of specialty silica.
The precipitated silica segment accounted for the largest share of the global Specialty silica market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of type, the global Specialty silica market is divided into precipitated silica, silica gel, fumed silica, colloidal silica, and fused silica. Among these, the precipitated silica segment accounted for the largest share of the global Specialty silica market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. It is predominantly utilized in the tire industry, rubber, coatings, and food processing industries owing to its low cost, large absorption capacity, and reinforcing effects. Increased fuel-efficient tyres and industrial demand are responsible for this segment's dominance.
The rubber segment accounted for a substantial share of the global Specialty silica market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of application, the global specialty silica market is divided into rubber, personal care, food and feed, chemicals, plastics, paints, coatings and inks, metal and refractories, and others. Among these, the rubber segment accounted for a substantial share of the global specialty silica market in 2023 and is anticipated to grow at a rapid pace during the projected period. Specialty silica is utilized extensively as a reinforcement material in tyre production, enhancing durability, fuel efficiency, and traction. Increased automotive production, demand for high-performance tyres, and strict environmental legislation favouring low-rolling-resistance tires propel this segment to dominate the market.
Asia Pacific is projected to hold the largest share of the global Specialty silica market over the projected period.
Asia Pacific is projected to hold the largest share of the global Specialty silica market over the projected period. This is supported by aggressive demand from the automotive, rubber, and construction sectors. Accelerating industrialization, expanding tire production, and expanding investments in manufacturing industries in China, India, and Japan are factors leading to market supremacy. Increasing personal care and coatings demand also drive regional growth.
North America is expected to grow at the fastest CAGR growth of the global Specialty silica market during the projected period. The growth is spurred by increasing demand for fuel-efficient tyres, growing applications in cosmetics and personal care, and rising applications in coatings and adhesives. The robust presence of major manufacturers, technological innovation, and strict environmental regulations favouring sustainable materials further drive market growth in the region.
Company Profiling
Major vendors in the global Specialty silica market are Evonik Industries AG, Cabot Corporation, 3M (Ceradyne Inc.), Clariant, Wacker Chemie AG, Tata Chemicals, Merck KGaA, Nouryon, Imerys, Denka Company Limited, Fuji Silysia Chemical, Fuso Chemical Co. Ltd, Glassven C.A., Orisil, W. R. Grace & Co., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2022, Evonik Industries AG, a producer of silica, formed a strategic partnership with the Pörner Group and Phichit BioPower to provide sustainable Ultrasil precipitated silica to multiple tyre makers. Pörner will use biomass power to drive its own process to manufacture silicate from RHA. This will enable Evonik to save 30% of CO2 emissions compared to the company's normal silica.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global Specialty silica market based on the below-mentioned segments:
Global Specialty Silica Market, By Type
- Precipitated Silica
- Silica Gel
- Fumed Silica
- Colloidal Silica
- Fused Silica
Global Specialty Silica Market, By Application
- Rubber
- Personal Care
- Food and Feed
- Chemicals
- Plastics
- Paints
- Coatings and Inks
- Metal and Refractories
- Others
Global Specialty Silica Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa