The accelerated demand for paints, rubber, and coatings across diverse industries drives the global specialty silica market. It also finds its application in construction and electric vehicles, further fueling its demand on a global level. Specialized silica usage in tire rubbers significantly reduces the rolling resistance and improves the grip of tires. As a result, the fuel consumption of vehicles comes down at a significant pace. This has amplified the demand for specialty silica in the tire industry. With an increase in the manufacturing of electric vehicles (EVs), the demand for specialty silica is likely to increase as well. In addition, specialty silica also functions as an anti-caking, anti-blocking, clarifying, and polishing agent. This has propelled its utilization in cosmetic and oral care products. Such a broader spectrum of applications is setting the stage for a robust expansion of the specialty silica market.
Thriving Automotive Industry Drive Towards Sustainable Development to Aid Specialty Silica Market Growth
Noticeably, annual carbon dioxide emissions from a typical passenger car sum up to 4.6 metric tons. However, factors such as fuel efficiency, fuel type, and annual mileage of a vehicle can alter the figure. This, coupled with growing awareness apropos to the harmful impacts of carbon emissions has created a demand for energy-efficient and eco-friendly solutions. To this end, the automotive industry is experiencing sharp spikes in demand for cleaner and faster vehicles. This ascending demand has promoted the usage of specialized silica in the automotive industry. In addition, specialty silica is comprehensively utilized in the manufacture of green tires, fostering holistic growth of the market. The advancements in chemical mechanical planarization (CMP) are further steepening the growth curve of the specialty silica market.
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Precipitated Silica to Unfold New Dynamics for Specialty Silica Market Expansion
The extensive use of precipitated silica is likely to propel the global specialty silica market toward a sound growth trajectory. It enables the fortification of substances, instilling abrasion and tear resistance to them. The usage of precipitated silica in PVC sheets facilitates enhancements in color dispersion and increases tensile strength. This has elevated the demand for specialty silica around the world. The demand is further augmented by the growing requirement for these products in toothpaste manufacturing, the food processing industry, and agrochemicals. Agricultural-based applications such as fungicides, pesticides, insecticides, and herbicides are further poised to create substantial demand for the specialty silica market.
Asia Pacific to Acquire a Major Share in Specialty Silica Market Owing to Increased Automobile Production Capacity
Asia Pacific is set to dominate the global market, garnering a major share of the overall revenue. Emerging economies, in the region, are expanding their economies and sustaining leading positions. A consistent uptick in tire production and expansion of the coatings business is likely to increase the demand for specialty silica. In light of these aspects, the major players in the region are expanding their manufacturing facilities to strengthen their market positions in the regional and global markets. Such practices, along with rising demand for specialized silica are projected to augur well for the specialty silica market in Asia Pacific.
Prominent Players in Specialty Silica Market
Some of the leading market players in the global specialty silica market include Wacker Chemie AG, Evonik Industries AG, Madhu Silica Pvt. Ltd., Elkem, Oriental Silicas Corporation, Nouryon, PQ Corporation, PPG Industries, Solvay, Tosoh Corporation, W.R. Grace Co., and Sinosi Group Corporation.
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