Silica Flour Market to Reach US$618.0 Million by 2023 Driven by Strong Demand for Fiberglass: Transparency Market Research

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16 Oct, 2015, 13:00 GMT

ALBANY, New York, October 16, 2015 /PRNewswire/ --

Transparency Market Research has released a new market report titled "Silica Flour Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023." According to the report, the global silica market was valued at US$338.1 million in 2014 and is anticipated to reach US$618.0 million in 2023, expanding at a CAGR of 7.0% from 2015 to 2023.

Browse the full Silica Flour Market for Sodium Silicate, Fiberglass, Cultured Marble, Additive, Reinforcing Filler, Foundry Work, Ceramic Frits & Glaze, Oil Well Cements, Glass & Clay Production and Other Applications - Global Industry Analysis, Size, Share, Growth, and Trends and Forecast 2015 - 2023 report http://www.transparencymarketresearch.com/silica-flour-market.html

Silica flour is manufactured by grinding silica sand containing high silica content to a miniscule particle size. Minute-sized particles of silica flour make it suitable for applications including sodium silicate, fiberglass, reinforcing filler, and additives. These applications require high content of silica that is usually more than 95%. Besides these applications, silica flour is used in foundry work, ceramic frits and glaze, oil well cements, and glass & clay production. These are used in end-user industries such as glass, chemical, construction, oil and gas, rubber, and paints and coatings.

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Fiberglass was the largest application segment of the silica flour market, accounting for over 25% share in 2014. Additionally, it is expected to be the fastest-growing application segment, expanding at a CAGR of over 6% between 2015 and 2023. Apart from fiberglass production, silica flour is used in applications that necessitate high silica content. Silica flour is widely used in rubber and plastic industries as a reinforcing filler. Decent growth in rubber and plastic industries is anticipated to drive demand for silica flour in the reinforcing filler segment. Silica flour is also employed in chemicals such as sodium silicate. Broad application range of sodium silicate is also likely to boost demand for silica flour in developing regions. Glass and clay production is another major application segment of the silica flour market. The particle size between 40 and 120 (mesh size) of silica flour is highly suitable for glass making. Sustainable demand for glass in packaging and other downstream industries is also likely to fuel demand for silica flour during the forecast period. Demand for silica flour in oil well cementing is estimated to increase at a decent rate in the next few years.

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Key players in the silica flour market include SCR-Sibelco N.V., Premier Silica LLC, International Silica Industries Company Plc, U.S. Silica Holdings Inc., Sil Industrial Minerals Inc., Adwan Chemical Industries Co. Ltd., Delmon Group of Companies, Opta Minerals Inc., Al Marbaie Est., Saudi Emirates Pulverization Industries Company (SEPICO), Hoben International Limited, Short Mountain Silica, AGSCO Corporation, Al-Rushaid Group, and FINETON Industrial Minerals Limited.

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The Report Segments the Global Silica Flour Market as follows: 

Silica Flour Market - Application Analysis 

  • Sodium silicate
  • Fiberglass
  • Cultured marble
  • Additive
  • Reinforcing filler
  • Foundry work
  • Ceramic frits & glaze
  • Oil well cements
  • Glass & clay production
  • Others (Including pharmaceutical applications)

Silica Flour Market - Regional Analysis 

North America 

  • U.S.
  • Rest of North America

Europe 

  • France
  • U.K.
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific 

  • China
  • Japan
  • ASEAN
  • Rest of Asia Pacific

Latin America 

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA) 

  • Saudi Arabia
  • GCC (Excluding Saudi Arabia)
  • South Africa
  • Rest of MEA

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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