Silica Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Report Covers Global Silica Industry Size and Market is Segmented by Type (Amorphous and Crystalline), End-user Industry (Building and Construction, Shale Oil and Gas, Glass Manufacturing, Water Treatment, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers the market sizes and forecasts for silica in volume (million tons) for all the above segments.

Silica Market Size

Silica Market Summary
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Study Period 2017-2027
Market Volume (2023) 486.08 Million tons
Market Volume (2028) 662.23 Million tons
CAGR (2023 - 2028) 6.38 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Silica Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Silica Market Analysis

The Global Silica Market size is expected to grow from 486.08 million tons in 2023 to 662.23 million tons by 2028, at a CAGR of 6.38% during the forecast period (2023-2028).

The primary consumer for silica is the construction industry; with the restart of a few construction activities after the COVID-19 pandemic, the demand for silica is coming back on track, Which is expected to balance the market for silica in the construction industry. Increasing high-quality concrete usage is also expected to drive the market in the upcoming years. The use of silica in electronics is another major factor that is likely to drive the market.

  • The increasing demand for precipitated silica for different end users and rapidly expanding construction activities are likely to drive the growth of the silica market.
  • On the flip side, competition from substitute products is expected to hinder the market growth.
  • The growing emergence of green tires and the increasing adoption of electric and self-driving cars are expected to unveil new opportunities for the market studied.
  • Asia-Pacific is expected to dominate the silica market due to the high demand from China, Japan, and India.

Silica Market Trends

This section covers the major market trends shaping the Silica Market according to our research experts:

Increasing Demand from the Building and Construction Industry

  • Silica is one of the primary components in various building and construction products. For improved durability and structural integrity, whole-grain silica is used in flooring, mortars, specialty cement, roofing shingles, asphalt mixtures, skid-resistant surfaces, and other industrial materials.
  • The Asia-Pacific region is dominating construction activities across the world. The area is registering a fast recovery after the COVID-19 impact, due to increasing construction in China, India, Japan, and Indonesia, among others. China is investing USD 1.43 trillion in significant construction projects in the next five years till 2025.
  • According to the US Census Bureau and the US Department of Housing and Urban Development, privately-owned residential units permitted by building permits totaled 1,873,000 in December 2021, a seasonally adjusted annual rate of 1,873,000.
  • Building output increased by 3.3% in the eurozone and 3.8% in the EU in July 2021 compared to July 2020. In November 2021, construction output increased by 0.5% in the euro and 1.3% in the EU compared to November 2020.
  • The Egyptian government plans to relocate to a vast "New Administrative Capital" 30 miles east of Cairo by the end of 2022. The new capital is being built to relieve Cairo's overcrowding, reduce traffic congestion, and provide the country with modern infrastructure. The USD 45 billion projects will include a new airport, government offices, residential areas, business districts, and green spaces.
  • All the above factors will likely propel the demand for silica sand during the forecast years.
Silica Market : Construction Growth Rate CAGR (%), by End-user Industry, Global, 2022

Asia-Pacific Region Expected to Dominate the Market

  • The Asia-Pacific region is expected to be the dominant market in silica consumption, as China and India dominate the market for the end-user industries, such as building and construction, electronics, and glass manufacturing.
  • China's building industry is expanding at a rapid pace. China's construction production is estimated to be worth CNY 29.31 trillion in 2021, according to the National Bureau of Statistics of China.
  • China plans to invest USD 1.43 trillion in key construction projects for five years till 2025. The Shanghai plan, according to the National Development and Reform Commission (NDRC), calls for a total investment of USD 38.7 billion over the next three years. Guangzhou, on the other hand, signed 16 new infrastructure projects for USD 8.09 billion.
  • Over the next seven years, India is expected to invest over USD 1.3 trillion in housing, with 60 million new homes being built. In 2024, the rate of affordable housing availability is predicted to increase by roughly 70%.
  • The Japanese construction industry is predicted to boom as the country prepares to host the World Expo in Osaka, Japan, in 2025. The Yaesu redevelopment project, which includes a 61-story, 390-meter tall office tower, is scheduled to be completed in 2023 and 2027, respectively.
  • Due to all the above-mentioned factors, the Asia-Pacific region is expected to dominate the market during the forecast period.
Silica Market : Growth Rate by Region 2022-2027

Silica Industry Overview

The silica market is fragmented, with both international and domestic players. The major companies (not in any particular) in the market studied include Covia Holdings LLC, US Silica, Sibelco, Cabot Corporation, and Evonik Industries AG.

Silica Market Leaders

  1. Covia Holdings

  2. US Silica

  3. Sibelco

  4. Evonik Industries AG

  5. Cabot Corporation

*Disclaimer: Major Players sorted in no particular order

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Silica Market News

  • In November 2021, Heraeus expanded its portfolio for semi-finished quartz materials with the acquisition of Korean company HS Advanced Materials Co. Ltd. This acquisition will help the company to expand its product portfolio in the semiconductor industry.

Silica Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand of Precipitated Silica for Different End Uses

      2. 4.1.2 Rapidly Expanding Construction Activities

    2. 4.2 Restraints

      1. 4.2.1 Competition from Substitute Products

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Amorphous

        1. 5.1.1.1 Pyrogenic/Fumed

        2. 5.1.1.2 Hydrated

      2. 5.1.2 Crystalline

        1. 5.1.2.1 Quartz

        2. 5.1.2.2 Tridymite

        3. 5.1.2.3 Cristobalite

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Shale Oil and Gas

      3. 5.2.3 Glass Manufacturing

      4. 5.2.4 Water Treatment

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East And Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AGSCO Corp.

      2. 6.4.2 AMS Applied Material Solutions

      3. 6.4.3 Cabot Corporation

      4. 6.4.4 China-Henan Huamei Chemical Co. Ltd

      5. 6.4.5 Covia Holdings Corporation

      6. 6.4.6 Denka Company Limited

      7. 6.4.7 Evonik Industries AG

      8. 6.4.8 Heraeus Holding

      9. 6.4.9 Kemitura Group AS

      10. 6.4.10 Merck KGaA

      11. 6.4.11 Madhu Silica Pvt. Ltd

      12. 6.4.12 Mitsubishi Chemical Corporation

      13. 6.4.13 Nouryon

      14. 6.4.14 OCI COMPANY Ltd

      15. 6.4.15 PPG Industries Inc.

      16. 6.4.16 Sibelco

      17. 6.4.17 Tokuyama Corporation

      18. 6.4.18 US Silica

      19. 6.4.19 Wacker Chemie AG

      20. 6.4.20 WR Grace & Co.-Conn.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Emergence of Green Tires

    2. 7.2 Growth in the Adoption of Electric Cars and Self-driving Cars

**Subject to Availability

Silica Industry Segmentation

Silica, also known as silicon dioxide, is a compound of two elements in the earth's crust, silicon and oxygen. Currently, silica can be used in a wide range of applications. As silica sand, it is used in the form of Portland cement, mortar, and concrete, and as sandstone, it is used in the construction of buildings and roads. The market is segmented by type, end-user industry, and geography. By type, the market is segmented into amorphous and crystalline. By end-user industry, the market is segmented into building and construction, shale oil & gas, glass manufacturing, water treatment, and other end-user industries. The report also covers the market sizes and forecasts for the silica market in 15 countries across the central regions. For each segment, the market sizing and forecasts have been done based on volume (in a million tons).

Type
Amorphous
Pyrogenic/Fumed
Hydrated
Crystalline
Quartz
Tridymite
Cristobalite
End-user Industry
Building and Construction
Shale Oil and Gas
Glass Manufacturing
Water Treatment
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East And Africa

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Silica Market Research FAQs

The Silica Market size is expected to reach 486.08 million tons in 2023 and grow at a CAGR of 6.38% to reach 662.23 million tons by 2028.

In 2023, the Silica Market size is expected to reach 486.08 million tons.

Covia Holdings, US Silica, Sibelco, Evonik Industries AG and Cabot Corporation are the major companies operating in the Silica Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2027).

In 2023, the Asia Pacific accounts for the largest market share in the Silica Market.

Silica Industry Report

Statistics for the 2023 Silica market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Silica analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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