Silica Flour Market Growth Analysis | 2022-2028

Market Insights

Silica Flour Market is likely to grow from USD 591.15 million in 2021 to USD 821 million by 2028 at an impressive CAGR of 4.6% during the forecast period of 2022-2028.

What is silica flour?

Silica flour is the highly purified form of crystalline silica. It has a wide range of applications such as in the manufacturing of sodium silicate, fiberglass, oil well cements, and others.

Market Drivers

The growth of the market is being fueled by rising glass demand and the growing construction industry. Improved living standards, better-quality lifestyles, and variations in climate have prompted the glass industry to innovate on a regular basis in response to consumer demand. The use of glass in downstream commercial organizations and packaging applications will increase the silica flour demand. The product will have widespread applications in the oil well industry in the coming years.

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Segments Analysis

By Application Type

Based on the application type, the market is segmented as sodium silicate, fiberglass, cultured marble, additive, reinforcing filler, foundry work, ceramic frits & glaze, oil well cements, glass & clay production, and others. Fiberglass is expected to hold the largest share of the market during the forecast period on account of its extensive utilization in multiple and diverse industries, such as in the construction and automotive industries. In addition, sodium silicate is estimated to register high growth in the market over the forecast period, as it has a wide range of applications due to its low cost as compared to other alkaline salts.

By Region

In terms of regions, Asia-Pacific is estimated to be the leading region in the silica flour market during the forecast period. The growth of the region’s market is driven by the food & beverages, personal care products, and electronics sectors, which are rapidly growing in the region and in turn, have increased the consumption of glass. Also, increasing usage of fiberglass and the growing automotive industry in North America are expected to fuel the growth of the North American silica flour market during the forecast period.

Market Scope & Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The silica flour market is segmented into the following categories. 

By Application Type:

• Sodium Silicate
• Fiberglass
• Cultured Marble
• Additive
• Reinforcing Filler
• Foundry Work
• Ceramic Frits & Glaze
• Oil Well Cements
• Glass & Clay Production
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the silica flour market are-

• Adwan Chemical Industries Co. Ltd.
• AGSCO Corporation
• Delmon Group of Companies
• Fineton Industrial Minerals Ltd.
• Hoben International Ltd.
• Opta Minerals Inc.
• Premier Silica LLC
• SCR-Sibelco NV
• Sil Industrial Minerals Inc.
• U.S. Silica Holdings, Inc.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the application types by country.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.