Specialty Silica Market Size - Industry Share Report 2017-2024

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Specialty Silica Market Size, Share, Industry
Outlook Forecast 2017-2024
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Global Market Scenario of Specialty Silica
Industry

• Global Specialty Silica Market size is likely to
  witness a prominent growth, expanding at a
  moderate CAGR over the forecast period. Specialty
  silica, chemical name silicon dioxide, is largely
  available in nature as quartz. Specialty silica
  is used in wide range of industries including
  paints coatings, rubber, personal care
  cosmetics, electronic components, refractories,
  food beverage and plastics.
• Enormous investments in research development
  along with technological advancements for cost
  competitive product manufacturing, is expected to
  have a positive influence on the global specialty
  silica market size by 2024. Regulatory approvals
  by numerous associations such as U.S Department
  of agriculture and FDA pertaining to the product
  use in food beverage industry will be the
  factor driving specialty silica market size in
  the forecast period.

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• The rising demand for oral care and cosmetic
  products in developing countries, will be
  escalating the specialty silica market size in
  the coming years. For instance, the global
  cosmetic industry sales in likely to expand at
  over 5 CAGR from 2017 to 2024. Furthermore, due
  to the abrasion resistance and high tensile
  strength of the product, it is highly desirable
  in rubber industry.
• Reasons to Buy This Report
• 1. Specialty Silica Market size share
  forecast by product application
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Key Specialty Silica Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• Based on the product, the global specialty silica
  market share is segmented into fumed,
  precipitated, colloidal, fused silica and silica
  gel. Precipitated silica was the major product
  segment in 2016. It is widely used as a
  performance additive to increase wear resistance
  and wet grip capabilities in industrial and
  automotive tires.

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Research Methodology
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Regional and Competitive Insights

• The specialty silica market size, in terms of
  demand and production is led by the Asia Pacific.
  
• India, china, south Korea and Japan are the main
  consumers of product due to rising demand of the
  paints coatings in automobile and construction
  industry, which has perpetually influenced the
  specialty silica market size.
• Also, automobile manufacturers in Asia Pacific
  are actively moving towards green tire
  development and pursuing it as future business,
  thus propelling the product demand in the near
  future.
• North America is the second biggest consumer of
  the product. This can be attributed to their high
  efficiency and increasing application scope in
  green tire development.

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Competitive Insights

• The major players functional in the specialty
  silica market share are AkzoNobel, PPG
  Industries, Solvay, Cabot Corporation, Madhu
  Silica Private Limited, Huber Engineered
  Materials, Tokuyama Corporation, Evonik
  Industries, W. R Grace Company and Nalco
  Holding Company.
• On account of growing demand from tire rubber
  industry, Evonik Industries began with production
  of precipitated silica at their new plant in
  Essen, USA in 2015. Likewise, Evonik and PPG
  Industries also announced new site for production
  of precipitated silica in 2016. Solvay launched
  highly dispersible silica (HDS) in 2015, that
  enhances performances in tires by saving energy.

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