The international silica market’s value is estimate to reach USD 9.5 billion by the end of 2026 and the market is expected to spectator a CAGR of 9.0% through the estimate years. The industry is driven by rising in demand from numerous end-use for instance, paints and coatings.
The development of silica as a market is driven by its expanding application in paints and coatings. It is chiefly used in this industry to control rheological attributes and to help in the discouragement of rust and corrosion. It is additionally utilized as an anti-settling agent and thixotroping specialist in the division. An emerging paints and coatings industry in the developing markets of Asia Pacific, driven by developing development and car divisions, is relied upon to drive product demand over the conjecture time frame. However, growing awareness regarding the harmful impact of chemically derived products is possible to hamper a challenge for numerous manufacturers.
Silica fumes are significantly utilized in the concrete industry so as to bestow quality and strength in concrete. The market is driven by the development of the worldwide construction sector. For example, the construction sector in Asia is relied upon to extend at a critical pace over the gauge time frame. High demand in the development and infrastructure crosswise over Southeast Asia is foreseen to decidedly influence product use through 2026.
Precipitated silica is the most broadly expended product in the market. It is used in the fortification of elastomer products, for example, car tires, because of its capacity to diminish moving opposition, improved footing under slippery conditions, and upgraded eco-friendliness. It likewise goes about as an anti-blocking agent in thermoplastic films and a matting agent in varnishes and paints.
Rubber application gained the biggest offer in 2018 and is projected to stay overwhelming all through the coming year. The worldwide demand for tires is expanding by virtue of an extending car industry, particularly in developing economies. Therefore, significant tire makers are forcefully associated with development extends in rising economies like India. For example, in April 2018 Bridgestone India reported designs to twofold its production capacity throughout the following five years at a venture of USD 304 million. This is foreseen to move product demand from tire makers.
Market By Application
Market By Geography
Asia Pacific dominated the worldwide market in 2018, representing 48.9% of the total volume inferable from massive industrialization, expanded development spending, and expanding utilization of vehicles in the region. As per the International Organization of Motor Vehicle Manufacturers (OICA), Asia Pacific is the biggest maker of motor vehicles. The region is anticipated to show the quickest CAGR over the figure time frame.
In Europe, the Paints Directive 2004/42/EC, confined by the European Commission, is gone for restricting VOC emissions because of the utilization of natural solvents in engineering paints and varnishes just as vehicle refinishing products. Thus, different activities are being taken to advance the utilization of eco-friendly materials in paints and coatings, accordingly expanding product demand. Besides, Europe is one of the biggest purchasers of agrochemicals because of high production and export of food grains. These variables are foreseen to help demand for silica in the European agrochemicals industry.
Solvay SA, Evonik Industries, Cabot Corporation, PPG Industries, Tosoh Corporation, Wacker Chemie AG, and AkzoNobel N.V. are noteworthy companies operating in the worldwide silica market.
The global recycled elastomers market size is expected to reach around US$ 6.8 billion by 2026 and growing at a CAGR of above 11.9% over forecast period 2019 to 2026. Elastomer materials are made of polymer materials that are joined by chemical bonds and have high elongation and flexibility properties that increase its applicability in various industries. Elastomers rubber compound
The global recycled thermoplastic market in 2018 was above US$ 50 Bn and is expected to grow more than US$ 103 Bn by 2026. The market is expected to register a CAGR of above 9% from 2019-2026. Thermoplastic polymer has properties such as high-impact strength and heat-resistance and when mixed with the compounded thermoplastic polymer matrix it gives more high performance such as im
The global beverage container market size is expected to reach around US$ 251 billion by 2026 and growing at noteworthy CAGR around 4.2 % throughout the forecast period 2019 to 2026. Beverage container refers to the packaging of beverages with jars & bottles, cartons, pouches, bags-in-boxes or cans. These containers are manufactured from the paperboard, plastics, glass or metals, and also from
The global cinnamaldehyde market is expected to grow at a CAGR of around 6.0% during the forecast period 2019 - 2026 and reach the market value of over US$ 330 Mn by 2026. Cinnamaldehyde is also known as 3-phenyl-2-propenal, cinnamic, phenylalacrolein, cinnamal, cinnamyl aldehyde, and trans-cinnamaldehyde. It is a yellowish oily liquid with a sweet taste and a cinnamon smell that is liable for the
The global lignin market value is expected to reach around US$ 907.1 million by 2026 and forecasted to grow at a CAGR of 2% over the time frame 2019 to 2026. The report provides analysis of global lignin market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights The worldwide lignin industry is evolving at a good pace, with a favorable develop
The global graphene market is forecasted to grow at a CAGR around 38.2% over the forecast time frame 2019 to 2026 and reach around US$ 552.6 million by 2026. The report provides analysis of global Graphene market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. Market Insights Increasing demand for lightweight and durable products for different parts, incl