Silica Flour Market to trace exponential gain till 2024; boosted by the automotive industry
Oct 2, 2019
Asia Pacific is the most prominent region in the silica flour market owing to rising investments in the infrastructure & construction industry.
Sellbyville, United States - October 2, 2019 /MarketersMedia/ —
Silica Flour Market growth in the automotive sector is projected to showcase significant growth over the forecast period. Glass is extensively used in automobiles for protection and aesthetic purposes. Economic development and rising income levels, mostly in developing regions, has led to increased automobiles demand which is anticipated to drive the global silica flour industry during forecast years.
Continued exposure to the product has been linked with health hazards like silicosis and other respiratory diseases. This has led to regulatory bodies developing new guidelines on the product usage. Complying to such guidelines may add extra cost to the manufacturing process and may harm the global silica flour market in the coming years.
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Fiberglass possesses high insulation properties, subject to which it is used in construction and renovation activities. It also reduces the heat exchange from the building interiors to the external surroundings and maintains overall building temperature, thereby complying with building norms laid out by the government. Owing to this factor, fiberglass applications had contributed to more than 25% of the overall silica flour market in 2015 and is anticipated to grow significantly over the coming years.
Silica flour market has nine major application segments including sodium silicate, fiberglass, cultured marble, additive, reinforcing filler, foundry work, ceramic frits & glaze, oil well cements, glass & clay production, and other applications. Fiberglass segment is anticipated to grow by a healthy rate till 2024 owing to its usage in buildings and automobiles. The segment is likely to occupy 25% of total industry revenue by 2024. Sodium silicate segment mostly finds its application as adhesives, detergents, anticorrosive, binders, coagulant aids, deflocculates, cement, catalyst bases, and zeolites in various industries. The segment is likely to witness growth exceeding 6% CAGR and is anticipated to be a major propelling force behind the growth of silica flour industry.
Prominent usage of carbon black and amorphous silica in the rubber industry as reinforcing fillers will stimulate silica flour market. The product helps increase the shelf life of tires, reduce GHG emissions, and maintain temperature within the vehicle, owing to which it is deployed heavily in the automotive sector. North America silica flour industry will also witness an upswing subject to the product usage in the developing tire manufacturing sector. The extensive usage of silica flour in myriad industrial sectors will also propel U.S. silica flour market, which in turn will positively influence North America regional industry.
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Asia Pacific is the most prominent region in the silica flour market owing to rising investments in the infrastructure & construction industry. Growing automobile market will also be a contributing factor for the products rising demand in Asia Pacific. The region is expected to occupy a considerable share in the overall market by 2024. North America is another important silica flour market and the regional growth will be mainly propelled by growing tire demand from a well-developed automotive sector. Rising glass demand from the renewable energy sector is also anticipated to favor the regional industry growth.
Silica flour market players include Silica Holdings, SCR-Sibelco N.V., Premier Silica, AGSCO Corp, FINETON Industrial Minerals Ltd., Delmon Group, Saudi Emirates Pulverization Industries, Sil Industrial Minerals, Opta Minerals, Hoben International Limited, Premier Silica, International Silica Industries Company, and Adwan Chemical Industries Company.
Glimpse of Table of Content (ToC)
Chapter 4. Silica Flour Market, By Application
4.1. Silica flour market share by application, 2015 & 2024
4.2. Sodium Silicate
4.2.1. Market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Fiberglass
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Cultured marble
4.4.1. Market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
4.5. Additive
4.5.1. Market estimates and forecasts, 2013 – 2024
4.5.2. Market estimates and forecasts by region, 2013 – 2024
4.6. Reinforcing filler
4.6.1. Market estimates and forecasts, 2013 – 2024
4.6.2. Market estimates and forecasts by region, 2013 – 2024
4.7. Foundry work
4.7.1. Market estimates and forecasts, 2013 – 2024
4.7.2. Market estimates and forecasts by region, 2013 – 2024
4.8. Ceramic frits & glaze
4.8.1. Market estimates and forecasts, 2013 – 2024
4.8.2. Market estimates and forecasts by region, 2013 – 2024
4.9. Oil well cements
4.9.1. Market estimates and forecasts, 2013 – 2024
4.9.2. Market estimates and forecasts by region, 2013 – 2024
4.10. Glass & clay production
4.10.1. Market estimates and forecasts, 2013 – 2024
4.10.2. Market estimates and forecasts by region, 2013 – 2024
4.11. Others
4.11.1. Market estimates and forecasts, 2013 – 2024
4.11.2. Market estimates and forecasts by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/silica-flour-market
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