Aug 12, 2021   SOURCE: BusinessWire

Silica Flour (Quartz, Cristobalite) Markets - Global Forecast to 2026: Focus on Fiberglass, Foundry, Glass & Clay, Ceramic & Refractory, Oil Well Cement - ResearchAndMarkets.com

The "Global Silica Flour Market by Type (Quartz, Cristobalite), End-use (Fiberglass, Foundry, Glass & Clay, Ceramic & Refractory, Oil Well Cement) and Region (North America, APAC, Europe, South America, Middle East & Africa) - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global silica flour market is projected to grow from USD 563 million in 2021 to USD 684 million by 2026, at a Compound Annual Growth Rate (CAGR) of 3.9%.

The global silica flour industry has witnessed high growth primarily because of the booming construction sector, rise in renovation & remodeling activities, and rapid urbanization & globalization. The growth of the silica flour market is attributed to the increase in demand for silica flour for numerous applications, particularly for fiberglass and glass & clay production.

In terms of both value and volume, quartz segment to be the fastest-growing segment by 2026

The quartz segment is projected to grow at the highest CAGR from 2021 to 2026. Quartz is estimated to be the largest segment in the silica flour market in 2020. Quartz is extensively used in the production of paints, cosmetics, fiberglass, silicone rubber, and ceramic and in oil well cementing. The hardness, high density, and high chemical resistance offered by quartz flour are likely to contribute to the growth of this segment during the forecast period.

In terms of both value and volume, fiberglass is projected to be the fastest-growing segment from 2021 to 2026, for silica flour

Fiberglass is projected to be the fastest-growing segment in the silica flour market. Fiberglass is a fiber-reinforced plastic in which the reinforcement material is a glass fiber. Properties such as high strength and low weight make fiberglass preferable for use in composite and insulation applications in the construction, automotive, and wind energy industries. The growth of this segment can be attributed to the keen interest of contractors and builders to use silica flour to produce fiberglass for construction activities (as a construction and insulation material), especially in the emerging economies of APAC and South America.

In terms of both value and volume, the APAC silica flour market is projected to grow at the highest CAGR during the forecast period

In terms of value and volume, the APAC region is projected to grow at the highest CAGR from 2021 to 2026. Emerging economies in APAC are expected to experience significant demand for silica flour as a result of the expansion of the construction industries due to rapid economic development and government initiatives toward infrastructural development.

The growing population and rapid urbanization are among the key factors propelling industry expansion in this region. The growing fiberglass, cosmetics, foundry, construction, and glass & clay industries in several APAC countries are fueling silica flour demand in the region.

The global silica flour market comprises major manufacturers, such as U.S. Silica Holdings, Inc. (US), Sibelco Group (Belgium), Adwan Chemical Industries Company (Saudi Arabia), Sil Industrial Minerals (Canada), and AGSCO Corporation (US), amongst others.

Premium Insights

  • Emerging Economies Offer Attractive Opportunities in Silica Flour Market During the Forecast Period
  • US Was Largest Market for Silica Flour in North America in 2020
  • Quartz to Lead Silica Flour Market During Forecast Period
  • Fiberglass Projected to be Dominant End-use of Silica Flour Market by 2026
  • Market in India Projected Grow at Highest CAGR from 2021 to 2026

Market Dynamics

Drivers

  • Increasing Demand for Silica Flour for Oil Well Cementing
  • Silica Flour Preferred as a Good Refractory Material

Restraints

  • Stringent Government Regulations on the Usage of Silica Flour

Opportunities

  • Rise in Construction and Infrastructural Activities
  • Growth in the Cosmetic Industry to Drive Demand for Silica Flour

Challenges

  • Adverse Effects of Silica Flour on Human Health

Pricing Analysis

  • Silica Flour - Price

Trade Analysis

  • HS Code Used for Silica Flour - Import
  • HS Code Used for Silica Flour - Export

Patent Analysis

  • Document Type
  • Insights
  • Top Companies/Applicants
  • List of Patents by Elkem AS
  • List of Patents by United States Gypsum Corporation
  • List of Patents by Saudi Arabian Oil Company
  • List of Patents by US Army
  • 10 List of Top 10 Patent Owners (US) in Last 10 Years

Companies Mentioned

  • Adinath Industries
  • Adwan Chemical Industries Company
  • AGSCO Corporation
  • B.R.K. Minerals
  • BMS Factories
  • Cairo Fresh for Minerals & Quarries Materials
  • El Fayrouz Foundation
  • Elkem AS
  • Fineton Industrial Minerals Limited
  • Green Egypt Group
  • Gulf Minerals & Chemicals LLC
  • Hoben International Limited
  • International Silica Industries Co.
  • Knouz
  • Lianyungang Changtong Silica Powder Co. Ltd.
  • Micamin Exports
  • MS Industries II, LLC
  • Premier Silica LLC
  • Quarzwerke GmbH
  • RP Enterprise
  • SAC Corporation
  • Saudi Arabian Oil Company
  • Shri Vinayak Industries
  • Sibelco Group
  • Sil Industrial Minerals
  • Suez Company for Minerals
  • Tanvi Mines & Minerals
  • Tasmanian Advanced Minerals
  • Terengganu Silica Consortium Sdn. Bhd.
  • Thrrat Factory for the Industry
  • Tianjin Binhai New Area Dagang Farwing Drilling Technical Service Co. Ltd.
  • U.S. Silica Holdings, Inc.
  • United States Gypsum Corporation
  • US Army

For more information about this report visit https://www.researchandmarkets.com/r/rizvpd