Friday, February 23, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Metal Mining and Chemicals Chemicals Key Insights on Competitive Landscape in Global Specialty Silica Market: Ken Research

Key Insights on Competitive Landscape in Global Specialty Silica Market: Ken Research

Few Global Players Dominate the Market despite the Presence of about ~200 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on the Global Specialty Silica Market by Ken Research

Specialty silica is manufactured in the form of round pebbles or fine powders and is further used as key additives in the formulation of several products for various end-use industries such as automotive, electronics, inks, coatings, and personal care products. Silica is a compound of silicon and oxygen (SiO2), two of the most common elements in the earth’s crust. Silicon dioxide occurs naturally as agate, sand, quartz, cristobalite, and flint. It is one of the major constituents of dental porcelain, and in granular form serves as a dental abrasive and polishing agent.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Global Players Constitute ~10% of the Total Number of Competitors, While Country-Niche Players Dominate Representing ~55% of Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the global specialty silica market is competitive with ~200 players, including globally diversified players, regional players, and many country-niche players. The country-niche players comprise about ~55% in terms of the number of companies followed by regional players with ~35% of the total competitors. The players in the industry are manufacturing different types of specialty silica such as precipitated silica, fumed silica, fused silica, silica gel, and colloidal silica to be used in various different applications including rubber, plastic, paint & coatings, electrical & electronics, agricultural & feed, food & beverages, personal care, and others.

Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDk5

Global Specialty Silica IndustryThe Rise in the Production of Electric Vehicles (EVs) is expected to be the Primary Driver of the Market.

Detailed comparative analysis of key competitors available within the Research Study shows that major players such as Cabot Corporation, Akzo Nobel N.V., Evonik Industries, Huber Engineered, Materials, Solvay, PQ, and others are highly focused on providing different types of specialty silica products that can be used across multiple end-user industries, including construction, automotive, research, electrical & electronics, and more. Furthermore, several companies and organizations are aggressively focusing on acquisitions and mergers with specialized players to develop different methods used to manufacture specialty silica.

  • In May 2021, Lion Electric, a Canada-based manufacturer of commercial vehicles constructed its largest medium and heavy-duty EV plant in the country. The company invested US$ 70 million over a period of three years and set up a production plant with a capacity of 20,000 all-electric buses and trucks.
  • In November 2021, Heraeus, a German manufacturer of specialty chemicals, acquired Korean company HS Advanced Materials Co. Ltd. For the expansion of its portfolio of semi-finished quartz materials. The acquisition helped the company to expand its portfolio and enter into the semiconductor industry.
  • In August 2019, Evonik Industries AG, one of the leading manufacturers of specialty silica launched a new specialty product Spherilex 145 for the oral care industry. The product is an advanced toothpaste formula with silica ingredients.

Global Specialty Silica Industry
The report covers Global Silicon Dioxide Market, Opportunities in Specialty Silica Market, Competitors in Specialty Silica Market, Specialty Silica Startups..

Increased Government Initiatives and New Strategical Investments in the Construction Industry Promoted Silica Products that Led to Major Industry-Wide Developments, Acquisitions, and new production plants set-up in the industry.

  • An initiative by the USA government to provide affordable homes to its residents, propelled the demand for paints & coatings in the region. For instance, in September 2021, the House Democrats passed the Build Back Better Act, which allocated financial aid of US$ 170 billion for affordable housing. Under the guidelines of the act, the government targets to build over one million affordable homes, which is expected to boost the demand for cement, coatings, rubbers, and other materials.
  • In September 2022, the government of China announced to invest US$ 1,430 billion in major construction projects till 2025. According to the National Development and Reform Commission (NDRC), Shanghai has a total investment plan of US$ 38.7 billion to construct key infrastructures, whereas Guangzhou, signed 16 new infrastructure projects with the given investment of US$ 8.09 billion.

In May 2021, W. R. Grace and Co. completed the expansion of its manufacturing plant of silica gel in Kuantan, Malaysia. The plant caters to the rising demand from various industries such as biofuel, purification anti-blocking in plastic films and bags, leather, matting furniture, and coils.

Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDk5

Key Topics Covered in the Report

  • Snapshot of Global Specialty Silica Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Specialty Silica Market
  • Historic Growth of Overall Global Specialty Silica Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of Global Specialty Silica Industry
  • Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
  • Covid-19 Impact on the Overall Global Specialty Silica Market
  • Future Market Forecast and Growth Rates of the Total Global Specialty Silica Market and Segments
  • Analysis of Global Specialty Silica Market
  • Major Production/Supply and Consumption/Demand Hubs within Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

  • Cabot Corporation
  • Akzo Nobel N.V.
  • Evonik Industries
  • Huber Engineered Materials
  • Solvay
  • PQ Corporation
  • Madhu Silica Pvt. Ltd.
  • Wacker Chemie AG
  • PPG Industries, Inc.
  • W. R. Grace & Co.

Notable Emerging Companies Mentioned in the Report

  • AeroShield
  • WaferPro
  • Ultra HPQ
  • Ashtamers Pvt.Ltd.
  • Qingdao Hengze Silica Gel Products Co.,Ltd

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Specialty Silica Manufacturers
  • Specialty Silica Suppliers
  • Precipitated Silica Suppliers
  • Fumed Silica Suppliers
  • Fused Silica Suppliers
  • Silica Gel Suppliers
  • Colloidal Silica Suppliers
  • Specialty Silica Distributors
  • Emerging and Startup Companies in Specialty Silica
  • Different Types of Specialty Silica Research Labs
  • Government Ministries and Departments of Minerals
  • Government Departments of Electronics
  • Ministries and Departments of Paint & Coatings
  • Importers and Distributors of Specialty Silica

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Specialty Silica Market: Ken Research

Follow Us

LinkedIn | Instagram | Facebook | Twitter | YouTube

RELATED ARTICLES

Exploring the Dynamics of the Global Gold Mining Market Trends, and Growth Prospects

Introduction: Understanding the Landscape of the Gold Mining Industry The Global Gold Mining Industry stands as a cornerstone of the economy, providing essential raw material...

Exploring the Dynamics of the Mining Market Share, Trends, and Growth Prospects

Introduction The Mining Industry is a vital component of global economies, supplying essential raw materials for various sectors such as construction, manufacturing, and infrastructure development....

Exploring the Dynamics of the Bauxite Mining Industry Trends, Challenges, and Growth Prospects

Introduction The Bauxite Mining Industry is a cornerstone of the global economy, supplying the primary source of aluminum, a critical material used in various sectors...

Most Popular

Skin Care Market Segmentation: Unveiling Needs and Targeting Strategies

The skincare market is a vast and ever-evolving landscape, encompassing a diverse range of products and catering to a multitude of needs. To navigate this complex...

Biopsy Devices Market Size, Share, Trends & Forecast 2029

The global Biopsy Devices Market is set to experience robust growth in the coming years, driven by a combination of factors such as increasing...

A Growing Industry of Protected Cultivation, Insights on Share and Growth

Introduction to Protected Cultivation Protected cultivation, also known as greenhouse farming, revolutionizes traditional agricultural practices by providing controlled environments for optimal plant growth. This article...

Emerging Trends in Indian Test Prep Market: AI, AR, and the Future of Learning

In the bustling realm of India's education sector, the test preparation market stands as a pivotal domain, shaping the academic journeys of millions of...