Technavio, a tech-focused market research firm, has published a new report on the global specialty silica market, which is expected to grow at a CAGR of more than 6% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global specialty silica market into the following key regions: APAC, Europe, North America, and ROW.
Source: Technavio
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Top three contributors for the global specialty silica market are elaborated below
Specialty silica market in APAC: The specialty silica market in APAC is led by countries such as India, China, Japan, and Australia in terms of production and consumption of specialty silica. During the forecast period, the rise in the demand for tires from APAC’s flourishing automotive industry is expected to further fuel the growth of the specialty silica market in the region.
According to Ajay Adikari, a lead analyst at Technavio, specializing in research on metals and minerals, “Owing to favorable factors such as tax subsidies, incentives, and government regulations, automotive OEMs have increased their focus on countries such as Indonesia, Malaysia, and Thailand for production, which is anticipated to reflect positively on the market’s growth in this region.”
Specialty silica market in North America: The US, Canada, and Mexico are the key players in the specialty silica market in North America. The surge in the demand for personal care products, especially anti-hair loss and anti-aging products that reduce blemishes, wrinkles, and spots is likely to propel the demand for specialty silica in the North American market during the forecast period.
Specialty silica market in Europe: The European market for specialty silica is driven primarily by the demand from the personal care and rubber industries. Germany, Russia, Italy, France, Spain, and the UK lead the market in terms of consumption of specialty silica.
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The top vendors operating in the global specialty silica market are:
- Evonik Industries
- PPG Industries
- W.R. Grace
- J.M. Huber
- Solvay
Other prominent vendors in the market include Anten Chemical, Cabot, FUJI SILYSIA CHEMICAL, Gujarat Multi Gas Base Chemicals (GMGBC), IQE, Kadvani Chemicals, Madhu Silica, Oriental Silicas, PQ, Qingdao Haiyang Chemical, and Tosoh Silica.
A more detailed analysis is available in the Technavio report titled, ‘Global Specialty Silica Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Silica Gel Market 2016-2020
- Global Silica Minerals Mining Market 2016-2020
- Global Coated Abrasives Market 2017-2021
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