As per the research conducted by Fast. MR, the report titled “ Silicon dioxide Market – By Form (Amorphous, And Crystalline), By Source (Natural And Synthetic), By Application (Adhesives & Sealants, Coatings, Food Additives, Greases, Composites, Printing & Packaging, Others), By Industry (Chemical, Electrical, Pharmaceutical, Food & Beverage, Others) & Global Region- Market Size, Trends, Opportunity, Forecast 2018- 2024” provides current as well as future analysis of the market by evaluating the major applications, advantages, trends, and challenges. The report dives deeper to produce useful insights into Silicon dioxide Market such as major global regions and key competitors and strategies that can be used for the entry-level player too.
Silicon dioxide, with chemical formula SiO2 is commonly found in nature as quartz and various living organisms. Silicon dioxide is a tough substance that is resistant to chemicals and alteration. Such properties make Silicon dioxide an essential material in a range of industries including the glass industry, the optical industry, food industry, building industry, and more. The global Silicon dioxide market reached a market valuation of USD XX.X Billion in 2018 and is estimated to grow at a CAGR of XX.X% during the forecast period, i.e., 2019- 2024.
Growth Drivers – Silicon dioxide Market
Wide Range of Industrial Application
Silicon dioxide founds a range of applications across many industries. Different kinds of Silicon dioxides are being used in different areas; for instance, SiO2 is used as fillers in plastics, rubber, dyes, and adhesives and serve as adsorbents or trickling agents. Further, rapid industrialization across the globe, especially in developing and underdeveloped countries, is anticipated to increase the consumption of Silicon dioxide in the coming years. Furthermore, the introduction of new applications of Silicon dioxide is another factor which is poised to bolster the growth of the global Silicon dioxide market.
Growing Construction Activities
Silica is one of the most common compounds found in the earth and is used in construction materials, concrete, Portland cement, electronics, and as an ingredient in some foods and medications. Among the above applications, building & construction application is actively growing use of Silicon Dioxide. Many common construction materials contain silica including, for example, asphalt, brick, cement, concrete, drywall, grout, mortar, stone, sand, and tile. Strong use of silicon dioxide in construction building and rapidly growing construction activities across the globe are expected to bolster the growth of the global Silicon dioxide market.
Barriers – Silicon dioxide Market
Some of Silicon dioxide’s applications could be a hazard to human health and the environment. Further, the presence of other alternative material is also a key barrier in the growth of the global Silicon dioxide market.
The Silicon dioxide market is segmented in different categories including by form, by source, by industry, and by the application. The market is segmented by form into amorphous, and Crystalline (Quartz, Tridymite, Cristobalite). Among this segment, the amorphous layer is expected to capture significant shares of the market in 2018. Global amorphous Silicon dioxide segment was totaled at USD XXX.X billion in 2018 and is projected to reach USD XXX.X billion in 2024 at a CAGR of XX.X% from 2019 to 2024.
Moreover, based on the source, the Silicon dioxide market is further sub-segmented into natural and synthetic. Among which natural segment is about to register a remarkable growth rate in upcoming years. The report is further breakdown into two more sections including by application (adhesives & sealants, coatings, food additives, greases, composites, printing & packaging, others) and by industry (chemical, electrical, pharmaceutical, food & beverage, others).
– Food & Beverage
– Adhesives and sealants
– Food additives
– Printing and packaging
– North America (U.S. & Canada)
– Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
– Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
– Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
– Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa
The report profiles various major market players such as
- Evonik Industries AG
- PPG Industries, Inc.
- Cabot Corporation
- American Elements
- Wacker Chemie AG
- Tokuyama Corporation
- Tosoh Corporation
- Gelest, Inc.
- Aluflor AB
- Other Notable Player
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