Specialty Silica Market

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SPECIALTY SILICA MARKET ANALYSIS

• Specialty Silica Market, By Product Type
  (Precipitated, Fumed, Fused, Silica Gel,
  Colloidal), By Application (Rubber, Plastics, Ink
  Coatings, Electrical Electronics, Agriculture
  Feed, Food Beverage, Personal Care, Others),
  and By Region (North America, Latin America,
  Europe, Asia-pacific, Middle East Africa) -
  Size, Share, Outlook, and Opportunity Analysis,
  2019 - 2027

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• Specialty Silica is widely used in the production
  of the tire in the automotive industry as it
  helps to reduce carbon emission. Specialty Silica
  can be classified into precipitated Silica, fumes
  silica, fused silica, colloidal silica, and
  silica gel and they all find application across
  paints coatings, electronic components,
  personal care, and cosmetic products among
  others. Moreover, silica precipitate also finds
  application across the construction industry
  owing to their high tensile strength and
  resistance to abrasion. Furthermore, specialty
  silica is also used in the electronics industry
  as a circuit board and capacitor.
• The global specialty silica market is projected
  to reach US 10.4 billion by the end of 2027, in
  terms of revenue, growing at CAGR of 6.0 during
  the forecast period (2019 to 2027).
• Drivers
• Growing adoption of specialty silica for chemical
  mechanical planarization/ polishing (CMP) in the
  electronics industry is propelling the market
  growth of specialty silica. CMP is a polishing
  process that involves the removal of undesirable
  dielectric products on the surface of the silicon
  wafer. Specialty silica, is broadly used in
  manufacturing of flat, defect-free, and smooth
  surface on silicon semiconductor, optical lenses,
  and sapphire wafers in electronic goods.

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Figure 1.  Global Specialty Silica Market,
Revenue Share (), By Region, 2018
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• Market Restraints
• High dependency on cyclical end-use industries
  specialty silica is not a standalone finished
  product, instead, it is a consumable the product
  that finds application across various end-use
  industries. Some of the end-use industries such
  as the automobile industry, represent cyclical
  behavior in terms of demand, which in turn might
  affect demand for specialty silica. As a result
  of derived demand from the end-use industries,
  growth, and profitability of specialty silica
  market depend on the growth and profitability of
  end-user industries. This, in turn, it could
  become a major challenge for market players
  operating in the global market.
• The major disadvantage of specialty silica filler
  is that it is very hard that leads to increased
  wear in polymer processing instrument. Moreover,
  the availability of cost-effective substitute of
  silica gel and colloidal silica is also projected
  to restrict the market growth of specialty silica
  over the forecast period.

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• Market Opportunities
• Increasing the launch of novel and new silica for
  emerging applications is expected to propel the
  market growth of the specialty silica. For
  instance, in August 2019, Evonik Business Line
  Silica launches a new specialty product,
  SPHERILEX 145, for the oral care industry. This
  product in oral care product will help to achieve
  high cleaning levels can be achieved while
  offering lower abrasion to dentin, enamel,
  fillings and other oral hardware. Therefore, the
  rising launch of new silica product is expected
  to foster the market growth.
• Rising investment by major players for improving
  the production of silica is expected to offer
  potential growth opportunity to the market of
  specialty silica. For instance, in April 2019,
  BASF has announced to invest mid-range
  double-digit euro million sums in
  the modernization of its silica plant at the
  Düsseldorf-Holthausen site. The investment is
  earmarked for the modernization and
  enhancement of existing facilities in the later
  years to come. Such rising investment is
  projected to fuel the market growth of specialty
  silica over the forecast timeframe. 

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Figure 2. Global Specialty Silica Market
Opportunity Analysis
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• Market Trends
• Rising application of silica for coatings
  application and for that manufacturer are
  offering new silica especially for coating
  industry is gaining traction in the market is
  expected to propel the market growth in the year
  to come. For instance, in March 2019, DKSHs
  Business Unit Performance Materials, ingredients
  and specialty chemicals distributor, has
  announced the expansion of Evoniks performance
  range of silica for use in coatings and ink
  applications to Indonesia, Thailand, the
  Philippines, Singapore, Myanmar, and Cambodia.
• Growing usage of specialty silica in animal feed
  as an additive is expected to propel the market
  growth of specialty silica over the forecast
  period. Also, the rising demand for silica from
  the personal care and cosmetic industry is again
  expected to propel the market growth of specialty
  silica. Moreover, the rising application of
  silica in the food beverage industry is further
  anticipated to foster the market growth of
  specialty silica over the forecast timeframe.

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Figure 3. Global Specialty Silica Market, Revenue
Share (), By Product Type, In 2018
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• Competitive Section
• Key players active in the global specialty silica
  market are Solvay SA, Huber Engineered Materials,
  Madhu Silica Pvt. Ltd. (MSPL), Evonik Industries
  AG, PPG Industries, Inc., Akzo Nobel NV, Cabot
  Corporation, Wacker Chemie AG, Nalco Holding
  Company, and Qingdao Makall Group Inc.
• Few Recent Developments
• Solvay SA
• In February 2015, Solvay introduced its new range
  of highly dispersible silica, under brand name
  Efficium, in order to cater to the increasing
  demand for green tires.
• In 2015, Solvay acquired New Jersey-based Cytec
  Industries Inc. in order to enhance its market
  position in specialty chemicals and advanced
  materials business.
• Huber Corporation 
• In September 2017, The J.M. Huber Corporation has
  completed the sale of the Silica business unit of
  Huber Engineered Materials (HEM) to Evonik
  Industries AG, a global specialty chemicals
  company. The US 630 million transactions,
  completed after approvals from the European
  Commission and other global regulatory bodies,
  transfers ownership of the HEM Silica facilities
  in North America, Europe and Asia to Evonik

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Figure 4. Global Specialty Silica Market Value
Chain Analysis
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