March 14, 2022 09:52 ET | Source: PMI PMI
Covina, March 14, 2022 (GLOBE NEWSWIRE) -- Global Silica Market accounted for US$ 5.8 billion in 2020 and is estimated to be US$ 12.2 billion by 2029 and is anticipated to register a CAGR of 8.7%
The report "Global Silica Market, By Application (Rubber, Construction, Agrochemicals, Oral Care, Food & Feed, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.
Increasing Demand from the Rubber Industry
Silica is majorly used in the tire production owing to its extremely high purity and low moisture absorption. It brings superior electrical properties to rubber products. Silica has excellent reinforcing effects especially enhancing the tear resistance. Additionally, silica is commonly used in Liquid Silicone Rubber (LSR) and High Temperature Vulcanized (HTV) rubber that requires high mechanical strength and good electrical insulation. In industrial rubber goods, silica is used for reducing hysteresis loss in conveyor belts or as active filler in colored rubber particles or in products with good contact.
Increasing Demand from the Rubber Industry
Silica is majorly used in the tire production owing to its extremely high purity and low moisture absorption. It brings superior electrical properties to rubber products. Silica has excellent reinforcing effects especially enhancing the tear resistance. Additionally, silica is commonly used in Liquid Silicone Rubber (LSR) and High Temperature Vulcanized (HTV) rubber that requires high mechanical strength and good electrical insulation. In industrial rubber goods, silica is used for reducing hysteresis loss in conveyor belts or as active filler in colored rubber particles or in products with good contact.
Request for Free Sample Copy: https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4445
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Silica Market”, By Application (Rubber, Construction, Agrochemicals, Oral Care, Food & Feed, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029
Key Market Insights from the report:
The global Silica market accounted for US$ 5.8 billion in 2020 and is estimated to be US$ 12.2 billion by 2029 and is anticipated to register a CAGR of 8.7%. The market report has been segmented on the basis of application, and region.
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Global-Silica-Market-4445
The prominent player operating in the global silica market includes Evonik Industries, PPG Industries, Wacker Chemie AG, AkzoNobel N.V., Tosoh Corporation, Cabot Corporation, Solvay SA, Nouryon, Imerys S.A, Kemira Oyj.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Request Cutomization: https://www.prophecymarketinsights.com/market_insight/Insight/request-customization/4445
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
Some Important Points Answered in this Market Report Are Given Below:
Global Silica Market, By Application, 2019 – 2029, (US$ Mn)
To view more: Click here