Global Silica Flour Market Size By Type (Quartz, Cristobalite), By End-User (Fiber Glass, Foundry, Glass And Clay), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Silica Flour Market Size By Type (Quartz, Cristobalite), By End-User (Fiber Glass, Foundry, Glass And Clay), By Geographic Scope And Forecast
Silica Flour Market Size And Forecast
Silica Flour Market size was valued at USD 562.22 Million in 2022 and is projected to reach USD 721.94 Million by 2030, growing at a CAGR of 2.9% from 2023 to 2030.
The global market for silica flour is being driven by the rising use of glass in packaging and downstream commercial operations. The worldwide Silica Flour Market will expand throughout the course of the anticipated period as a result of increased demand from the construction, fiberglass, clay manufacturing, foundry, oil well cementing, and cosmetics sectors. The Global Silica Flour Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Silica Flour Market Definition
A set of minerals made of silicon and oxygen are referred to as silica (SiO2), commonly known as silicon dioxide. This comes in a broad range of dimensions and structures. When not moist, it is stable and occurs naturally as quartz. Its nature makes it non-toxic. It usually has a hue of white, grey, or yellow. Due to its hardness, chemical inertness, and high thermal expansion, silica is a desirable material for a broad range of uses. And flour is a powder that is created by grinding different materials. Finely processed crystalline silica rocks or silica sand with a high silica concentration and exceptional purity are used to make silica flour.
It is an amorphous powder that is white, odorless, and impermeable to water. In order to make or provide silicon and ferrosilicon alloys, elevated quartz is carbothermically reduced with carbonic or carbonaceous materials such as coal, coke, and wood chips in electric discharge furnaces. Due to its great fineness and high silica concentration, silica flour is a very powerful pozzolanic substance. Acerbic ingredients like silica flour can be found in cosmetics, toothpaste, paint, and soaps. Moreover, it is a filler in many other medicinal formulations.
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Global Silica Flour Market Overview
Consumer buying power has increased as a result of the growing world population and rising standards of living, which has encouraged them to look for unique building materials for their residences. Ceramics is one such material that has become popular in the worldwide building sector. In both residential and commercial construction, it is utilized in a variety of products, including as ceramic tiles, sanitary ware, washbasins, and kitchen worktops. Grounded silica is one of the key components used in the production of glazed and clay bodies.
In order to provide the melting or glassifying agents in ceramics the capacity to fuse, it is added to the production process. Because ceramics have a relatively high melting point, they are frequently fluxed with other substances, including amorphous silica powder, to reduce their melting points. The use of silica flour is predicted to increase as ceramics become more popular in the construction sector, and the market is expected to expand significantly over the course of the forecast period.
The main use for silica flour is oil well cementing, and the increase in the cost of crude oil has fueled the demand for silica flour. Because of its transparency and mechanical properties, silica flour is widely utilized in oil well cementing. Well, depth or physical treatment can cause wellbore temperatures in the western Canadian Sedimentary Basin to rise over 110 degrees Celsius. To satisfy the demands for compressive strength and permeability in these conditions, silica flour must be added to ordinary cement. As a result, silica flour for oil well cementing is in limited supply.
Despite the fact that silica is frequently found in items like paints, coatings, adhesives, glass, and rubber tires, it poses a concern when an individual is subjected to the product for an extended period of time. Globally, millions of employees are exposed to silica flour and other silica-containing materials. Respirable dust is produced during the processing of siliceous rocks, and breathing it in poses considerable health risks. According to the International Agency for Research on Cancer (IARC), crystalline silica quartz, also known as cristobalite, that comes from industrial sites can cause human cancer.
Moreover, research done by Sibelco revealed that particulate employees had a high incidence of a number of autoimmune disorders, including rheumatoid arthritis, systemic lupus erythematosus, and scleroderma. It is clear from this that exposure to silica particles can have serious negative consequences. As a result, the manufacturers are forced to alter their processing parameters in order to conform to changing workplace regulatory rules, which has an impact on their profit margin and slows this market’s rate of expansion.
Silicosis is a disorder brought on by inhaling and holding onto tiny silica particles. A lung condition known as silicosis has the potential to result in death or severe impairment. Those who have silicosis are more likely to get pulmonary TB. Furthermore, the negative effects of silica flour on people’s health pose a serious threat to the market’s expansion.
As a natural adsorbent, silica flour is utilized in the cosmetics business. People of all ages utilize skin care products now that they have acquired widespread notice. Although silica flour is a key ingredient in a lot of skincare products, demand for it has increased significantly. Because consumers now have more discretionary cash due to economic growth in emerging markets, the use of cosmetic items has expanded internationally. This increase in cosmetic product demand will also increase the need for silica flour, which is used in skincare products
Global Silica Flour Market Segmentation Analysis
The Global Silica Flour Market is Segmented on the basis of Type, End-User, And Geography.
Silica Flour Market, By Type
- Quartz
- Cristobalite
Based on Type, The market is segmented into Quartz and Cristobalite. The Quartz segment accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. Quartz is widely utilized in the manufacturing of pottery, paints, fiberglass, silicone rubber, cosmetics, and oil well cement. The segment’s demand is projected to increase because of quartz flour’s higher densities, strong chemical resistance, and hardness.
Silica Flour Market, By End-User
- Fiber Glass
- Foundry
- Glass and Clay
- Ceramic and Refractory
- Oil Well Cement
Based on End-User, the market is segmented into Fiber Glass, Foundry, Glass & Clay, Ceramic & Refractory, and Oil Well Cement. Fiber Glass Companies segment accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. Fiberglass is preferred for usage in composite and insulation applications in the building, wind energy, and automotive industries because of its qualities including low weight and high strength. Contractors and builders’ significant interest in using silica flour to create fiberglass for building projects might be contributed to the segment’s rise.
Silica Flour Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, The Global Silica Flour Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America accounted for the largest market share and is projected to grow at a significant CAGR during the forecast period. Because of the enormous growth in the tire sector brought about by the presence of the car giant, the North American area has been leading the global market for silica flour. The usage of silica flour as a reinforcing filler has expanded due to the country’s growing tire industry. Also, the development of the region’s Silica Flour Industry has been influenced by the use of glass and silica flour in renewable energy resource applications like solar cells and wind turbines.
Key Players
The “Global Silica Flour Market” study report will provide valuable insight with an emphasis on the global market. The major players in the 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.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In June 2019, In Georgia, United States, U.S. Silica announced the purchase of a former ceramic proppant factory. The company’s Industrial and Specialty business sector intended to manufacture high-end goods in the new facility. The firm hopes that the new facility will assist it in reducing manufacturing costs, streamlining the supply chain, and moving lower up the value chain. Moreover, it will quicken the company’s product development process and enable customer-requested product modification.
- In July 2020, In order to increase its existing turnaround times and retain in stock the commodities that are in high demand, AGSCO Company announced the expansion of its warehouse capacity in Illinois, United States. The firm expects that the expansion will help it better offer its clientele with industrial minerals, abrasives, and aggregates.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Silica Flour Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Silica Flour Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2019-2030 |
BASE YEAR | 2022 |
FORECAST PERIOD | 2023-2030 |
HISTORICAL PERIOD | 2019-2021 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Adwan Chemical Industries Co. Ltd, AGSCO Corporation, Delmon Group of Companies, Fineton Industrial Minerals Ltd., Hoben International Ltd., Opta Minerals Inc., Premier Silica LLC |
SEGMENTS COVERED |
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