Global Industry Analysis of Specialty Silica Market Estimated to Grow Swiftly at a CAGR of 5.9% Until 2024
The global Specialty Silica Market Analysis have predicted that its market’s value to surge at a CAGR of 5.9% and reach US$7.32 bn by the end of 2024. The product used in various end-use industries including rubber and coatings is expected to fuel demand over the forecast period.
Request Free Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=931747
Initially, the report begins with a market overview and then moves on to cover the growth prospects of the specialty silica market. This introductory section presents a detailed analysis of specialty silica, along with its market dynamics (such as drivers, restraints and opportunities) and its type and application in several industries. Specialty silica is a silicon dioxide, majorly available in the form of quartz in the environment. There are some basic type of specialty silica market available in the market which are as follows:
Among these, colloidal silica and fused silica are the two key products from the global specialty silica market that are used in refractories. The market is also expanding due to the inclusive growth of the cosmetics industry and the evolution in demand for fumed silica. Moreover, applications such as rubber, crop protection, paints & coatings, personal care & cosmetics, electronic components, food & beverage, animal feed, plastics and others (textile, paper, refractories etc.) are also increasing the need for specialty silica. Demand for specialty silica is projected to increase rapidly in the forthcoming years, due to extensive growth and push in the microelectronics market.
Additionally, research analysts estimate that the global specialty silica market is presently being driven by the growth in the global automotive industry and its high demand for green tires. In terms of geography, Asia Pacific dominates the specialty silica market in terms of production and demand. Also, in terms of speed of growth North America and Asia Pacific both are on the rise because these regions currently hold a flourishing automotive industry.
Read Full Report with TOC: http://www.marketresearchhub.com/report/specialty-silica-market-global-industry-analysis-size-share-growth-trends-and-forecast-2016-2024-report.html
Moreover, competitive landscape section of the report has been presented. It provides the list of major players operating in the global market such as: Akzo Nobel N.V., Evonik Industries AG, PPG Industries, Inc., Huber Engineered Materials, Cabot Corporation, Wacker Chemie AG, Tokuyama Corporation, Solvay S.A. and W. R. Grace & Co. All these market competitors have been profiled on the basis of attributes such as company overview, financial overview, business tactics and their recent developments.
About Market Research Hub:
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
90 State Street,
Albany, NY 12207,
Toll Free: 866-997-4948 (US-Canada)
Follow Us on: