Silica Market Size (2024 - 2029)

The market size of silica is projected to grow significantly due to increasing demand in various end-user industries, particularly the construction sector. The resumption of construction activities post-COVID-19 is expected to balance the silica market, while the increasing use of high-quality concrete is anticipated to further drive market growth. The use of silica in electronics is another major factor expected to boost the market. However, competition from substitute products could hinder growth. Emerging trends such as green tires and the increasing adoption of electric and self-driving cars present new opportunities for the market. The Asia-Pacific region, with high demand from countries like China, Japan, and India, is expected to dominate the silica market.

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Market Size of Silica Industry

Silica Market Summary
Study Period 2019 - 2029
Market Volume (2024) 517.09 Million tons
Market Volume (2029) 704.48 Million tons
CAGR (2024 - 2029) 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 Silica Market size is estimated at 517.09 Million tons in 2024, and is expected to reach 704.48 Million tons by 2029, growing at a CAGR of 6.38% during the forecast period (2024-2029).

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 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

Silica Market Size Summary

The silica market is projected to experience significant growth in the coming years, driven by increased demand from the construction industry. The sector's revival post-COVID-19 is anticipated to rebalance the silica market, with the rising use of high-quality concrete further propelling market growth. Moreover, the application of silica in electronics is another key factor expected to boost the market. However, the market may face challenges due to competition from substitute products. Regionally, the Asia-Pacific is predicted to dominate the silica market, owing to high demand from countries like China, India, and Japan. The region is witnessing a swift recovery in construction activities following the COVID-19 impact, leading to increased silica consumption. The market is also set to benefit from the growing emergence of green tires and the rising adoption of electric and self-driving cars. The silica market landscape is fragmented, featuring both international and domestic players.

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Silica Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand of Precipitated Silica for Different End Uses

      2. 1.1.2 Rapidly Expanding Construction Activities

    2. 1.2 Restraints

      1. 1.2.1 Competition from Substitute Products

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Technological Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Amorphous

        1. 2.1.1.1 Pyrogenic/Fumed

        2. 2.1.1.2 Hydrated

      2. 2.1.2 Crystalline

        1. 2.1.2.1 Quartz

        2. 2.1.2.2 Tridymite

        3. 2.1.2.3 Cristobalite

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Shale Oil and Gas

      3. 2.2.3 Glass Manufacturing

      4. 2.2.4 Water Treatment

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East And Africa

Silica Market Size FAQs

The Silica Market size is expected to reach 517.09 million tons in 2024 and grow at a CAGR of 6.38% to reach 704.48 million tons by 2029.

In 2024, the Silica Market size is expected to reach 517.09 million tons.

Silica Market Report Snapshots

Silica Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)