What is the global market size of Silica Flour Market?

Global Silica Flour Market size was valued at USD 559.79 million in 2021 and is poised to grow from USD 591.59 million in 2022 to USD 917.62 million by 2030, growing at a CAGR of 5.64% in the forecast period (2023-2030).

Global Silica Flour Market Size, Share, Growth Analysis, By Application(Paints, Coatings) - Industry Forecast 2024-2031

Report ID: SQMIG15F2109 | Region: Global | Published Date: February, 2024
Pages: 260 | Tables: 42 | Figures: 78

Global Silica Flour Market Regional Insights

Due to the enormous growth in the tire sector brought about by the presence of the automobile giant, the North American region has been leading the global market for silica flour. The use of silica flour as a reinforcing filler has expanded due to the region's growing tire industry. In addition, the expansion of the region's silica flour market has been influenced by the use of glass and silica flour in renewable energy resource applications including solar cells and wind turbines. Additionally, because of an increase in building spending on residential and industrial projects in China and India, the Asia Pacific region is leading the world market for silica flour in terms of consumption. Besides this, the personal care, technology, and food & beverage industries are all growing quickly in this region, fuelling demand for more glass, and supporting the growth of the market.

Global Silica Flour Market Report Snapshots

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Global Silica Flour Market size was valued at USD 559.79 million in 2019 and is poised to grow from USD 591.59 million in 2023 to USD 917.62 million by 2031, growing at a CAGR of 5.64% in the forecast period (2024-2031).

The Global Silica flour market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. 'SCR-Sibelco NV', 'U.S. Silica Holdings, Inc.', 'Sionine Industry Co., Ltd.', 'Adwan Chemical Industries Co. Ltd.', 'Saudi Emirates Pulverization Industries Company (SEPICO)', 'AGSCO Corporation', 'Fineton Industrial Minerals Limited', 'Sil Industrial Minerals Inc.', 'Finmac Llc.', 'Opta Minerals Inc.', 'Premier Silica LLC', 'Minco Mineral Mining Company', 'International Silica Industries Company plc', 'Micamin Exports India Pvt. Ltd.', 'Al-Rushaid Group', 'Industrial Minerals (NZ) Ltd.', 'Delmon Group of Companies', 'Delmon Industrial and Mechanical Insulation Factory Co.', 'Silpro, LLC', 'Short Mountain Silica', 'In June 2022, U.S. Silica Holdings, Inc. Concludes Review of Strategic Alternatives for Industrial & Specialty Products (ISP) Segment.', 'In June 2022, US-based energy services company ProFrac has agreed to acquire oilfield service company US Well Services (USWS) in an all-stock transaction.', 'In May 2022, SIBELCO entered a partnership with BirdLife, an organization that works towards the conservation of wild birds, their habitats, and global biodiversity.', 'In March 2021, SOMEVAM, a subsidiary of the Tunisian Sebri Group, an independent, family-owned, and operated group with interests in agriculture, food processing, and quarrying, announced plans for a significant investment in the development of its second CDE wet processing solution for the production of high-specification silica sand products.'

Ceramics are being used more frequently, which will boost the market. Consumer spending power has increased as a result of the growing world population and rising standards of living, which has encouraged them to look for unique building materials for their residences. Ceramic is one such substance that has acquired popularity in the global construction business. It can be found in a variety of places in both residential and commercial projects, such as ceramic tiles, sanitary ware, washbasins, and kitchen counters. One of the essential ingredients in the creation of glaze and clay bodies is grounded silica. In order to give the melting or glassifying agents in ceramics the ability to fuse, it is added to the production process. Since ceramics have a rather high melting point, they are frequently fluxed with other materials such as amorphous silica powder to lower their melting point, which helps in maintaining the melting point of ceramics in an optimum range. Grounded silica also imparts hardness to glazes and decreases their thermal expansion As ceramics are gaining demand throughout the construction industry, especially in emerging economies of the Asia Pacific and Latin America, the utilization of silica flour is also expected to acquire considerable market share shortly.

Demand for silica flour is expected to rise as the cosmetics sector expands.

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Global Silica Flour Market Size, Share, Growth Analysis, By Application(Paints, Coatings) - Industry Forecast 2024-2031

Global Silica Flour Market Regional Insights

Global Silica Flour Market Report Snapshots

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