Silica flour market size was worth over $350 million in 2015 and is expected to grow at over 7% between 2016 and 2024. The rise of new commercial and residential projects in developing countries will increase the demand for the product.
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Increasing glass demand and thriving construction industry are the major factors spurring the growth of the market globally. Improved living standards, enhanced lifestyles and variations in climates have extended the innovations in glass sector on a regular basis as per the consumer demand. Increasing usage for glass in downstream commercial enterprises and packaging applications will boost the consumption of silica flour. In next couple of years, the product will have wide-scale applications in the oil-well industry.
There is a minor risk associated with prolonged exposure to the product, which was observed by some regulatory bodies globally. Hence, manufacturers need to comply with frequently amended workplace safety guidelines, which might reduce their profit margins. These factors can slow down the silica flour market in near future.
|Silica Flour Market Size in 2015:
|350 Million (USD)
|2016 to 2024
|Forecast Period 2016 to 2024 CAGR:
|2024 Value Projection:
|650 Million (USD)
|Historical Data for:
|2013 to 2015
|No. of Pages:
|Tables, Charts & Figures:
|Application and Region
|Pitfalls & Challenges:
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Fiberglass accounts for a significant share in applications of silica flour market share. Fiberglass is used in new buildings in developing and developed regions to comply with environmental norms. It helps in maintaining the temperature of buildings by minimizing the heat exchange from the building interior to its surrounding and vice versa. Fiberglass is also used extensively in vehicles to restrict the outside atmosphere from interfering with vehicle comfort. Increasing fiberglass usage in multiple and diverse industries will bolster the product market.
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Sodium silicate is next substantial application for silica flour. Sodium silicate possesses many properties, which make it more beneficial than other alkaline salt and is used in a wide spectrum of applications owing to its low cost. It is used as zeolite, chemical, deflocculate, catalyst base, anticorrosive, coagulant aid, binder, cement, detergent, and adhesive in industries.
Various functional characteristics and properties of soluble silicates are used economically and efficiently to solve wide problems in chemical and industrial processes. The positive outlook of all these industries in future will foster the Silica Flour market growth.
Silica flour is extensively consumed for fiberglass manufacturing in the construction and renovation industry. Increasing adoption of fiberglass in the construction industry can be attributed to its distinguished insulation properties. Further, fiberglass application is growing in automotive manufacturing and transportation sector for aesthetic and security applications. Rise in construction activities and automotive industry due to the increase in global population will push the silica flour market during the forecast period.
Glass is a crucial component in plenty of products that are used in daily life. It is used to produce renewable energy in wind turbines and solar panels, fiber optic cables, and for life cycle engineering, biotechnology, medical technology, electronics appliances, housing, tableware, and packaging. Escalating glass consumption in all these applications has bolstered the silica flour market in the last decade and will continue in future.
Carbon black and amorphous silica are used as reinforcing fillers in the rubber industry. Silica flour is an essential reinforcing filler to increase tire’s longevity and strength and achieve longer lasting products. These reinforced filler tires reduce greenhouse gas emissions from vehicles, especially due to silica. Increasing penetration of vehicles has flourished the tire industry and augmented the usage of silica flour.
Asia Pacific has been spearheading in terms of consumption. China and India witnessed a rise in construction spending on residential & industrial projects in the recent years. Food & beverages, personal care products, and electronics sectors are growing at a rapid pace in this region and in turn increased the glass consumption.
North America had witnessed a substantial upsurge in tire industry due to automobile giants such as “General Motors” and “Ford Company”. Flourishing tire industry have increased the product consumption as a reinforcing filler in this region. Moreover, the U.S. is always recognized globally, for its renewable energy resources such as solar cells, wind turbine, etc., leading to increased glass usage for these applications. Multiple and diverse industries in North America have spurred the growth of silica flour market.
Europe, especially Germany is recognized all over the world for its outstanding automotive industry, providing a base to pioneers such as BMW AG, Mercedes-Benz, Porsche AG, Volkswagen AG, and Audi AG. etc. These producers are implementing fiberglass in their vehicles to achieve a competitive edge.
Further, these companies have grown industrial construction leading to the consumption of sodium silicate in the form of cement, binders, chemicals, adhesives, and detergents. All these have translated into a flourished silica flour market value in recent years and will continue to ramp up during the forecast period.
The silica flour market is majorly concentrated in the U.S. with companies such as:
Silica flour market research report includes in-depth coverage of the industry, with estimates and forecast in terms of volume in kilo tons & revenue in USD million from 2016 to 2024, for the segments:
The above information is provided on a regional and country basis for the following: