Silicon dioxide or silica is primarily used in the production of chemicals referred to as speciality silica market (SiO2). Specialty silica is available in chunks, sawn or hewn blocks, and spherical pebbles among other shapes. Rubber, “green” tyres, footwear, food, and beverage manufacturing all frequently employ specialty silica.
Based on the kind of silica, the worldwide silica market may be classified into three groups: precipitated silica sol, silica gel, and fumed silica. Precipitated silica sol is the largest market category in the speciality silica industry due to its growing applications in the manufacture of car tyres. The market can be classified into three categories, including chemicals, rubber, and food and drinks, based on the many end-user applications.
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In 2013, the specialty silica market segment was dominated by rubber. The rubber market is also expected to experience the fastest growth during the forecast period due to the increasing use of silica rubber in eco-friendly automotive tires. Demand for silica sol is expected to be mainly driven by the expansion of end users such as paper coating and semiconductor polishing businesses.
The major factors driving this market are the increasing global interest in environmental sustainability and various labeling laws implemented by governments across the world. The global specialty silica market is primarily driven by improved performance specifications of green tires made with specialty silica, including increased resistance, reduced rolling friction, improved vehicle fuel economy, and increased consumption of processed food and beverages.
The specialty silica market is most popular in Asia Pacific, followed by Europe and North America. The largest growth was seen in the Asia-Pacific region, owing to significant expansion in the Chinese market, particularly in the automotive sector. In the Asia-Pacific region, China holds more than half of the specialty silica market share.
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Some of the major companies operating in the global specialty silica market are:
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- Akzo Nobel NV
- Cabot Corporation
- Ecolab Corporation
- Evonik Industries AG
- Gujarat Multi Gas Base Chemicals Private Limited
- Imeris SA
- Oriental Silica
- Solvay SA
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