Global Silica Flour Market to reach US$618.0 mn by 2023 Driven by Strong Demand for Fiberglass : Transparency Market Research
Silica Flour Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023
Transparency Market Research has released a new market report titled “Silica Flour Market for Sodium Silicate, Fiberglass, Cultured Marble, Additive, Reinforcing Filler, Foundry Work, Ceramic Frits & Glaze, Oil Well Cements, Glass & Clay Production and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–2023.” According to the report, the global silica flour market was valued at US$ 338.1 Mn in 2014 and is anticipated to reach US$ 618.0 Mn in 2023, expanding at a CAGR of 7.0% from 2015 to 2023.
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Silica flour or ground silica is manufactured by finely grinding industrial silica sand, which contains high silica content. The minute particle size and extremely high purity content of silica make silica flour useful in a range of applications that demand silica of highest purity. Silica flour is chiefly used in applications such as sodium silicate, fiberglass, cultured marble, additive, reinforcing filler, foundry work, ceramic frits & glaze, oil well cements, glass & clay production, and other applications. These are used in end-user industries such as glass, chemical, construction, oil & gas, rubber, and paints & coatings.
Silica flour is principally used in the production of fiberglass, glass and clay, and chemicals such as sodium silicate. Furthermore, silica flour is widely used in oil wells for cementing application. Increasing oil well exploration is anticipated to boost demand for silica flour in this application. In addition, silica flour is used as a reinforcing filler in plastics and rubber industries. Growth in the plastics and rubber (tire) industries is expected to fuel demand for silica flour during the forecast period. Demand from applications such as cultured marble, foundry work, and ceramic frits & glaze are also projected to propel the silica flour market during the next eight years.
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Asia Pacific is anticipated to be the fastest-growing market for silica flour during the forecast period. Demand for silica flour in the region is projected to be chiefly boosted by rapid rise in consumption of silica flour in China, India, and ASEAN. Aspects such as growth in glass and construction industries is projected to propel demand for silica flour in Asia Pacific in the next few years. The silica flour market in the Middle East & Africa is expected to witness decent growth during the forecast period. The silica flour market in North America is anticipated to experience decent growth due to slow but steady recovery from the economic slowdown. The market for silica flour in Europe is likely to experience average growth due to persistent economic downturn. The silica flour market in Latin America is estimated to expand considerably during the next eight years chiefly due to growth in the construction industry.
Key players in the silica flour market include SCR-Sibelco N.V., Premier Silica LLC, International Silica Industries Company Plc, U.S. Silica Holdings Inc., Sil Industrial Minerals Inc., Adwan Chemical Industries Co. Ltd., Delmon Group of Companies, Opta Minerals Inc., Al Marbaie Est., Saudi Emirates Pulverization Industries Company (SEPICO), Hoben International Limited, Short Mountain Silica, AGSCO Corporation, Al-Rushaid Group, and FINETON Industrial Minerals Limited.
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The report segments the global silica flour market as follows:
Silica Flour Market – Application Analysis
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