Specialty Silica Market Size, Share | Industry Trends Analysis Report, 2024

In terms of geography, the market is dominated by Asia Pacific, which constituted about 46% of the overall revenue
of the global market in 2015. The thriving construction industry in terms of vehicle sales as well as production rate
will a key factor contributing to the overall growth of the Asia Pacific specialty silica market in the near future. The
Asia Pacific specialty silica market will continue to dominate the global market over the report’s forecast period.
Increased Demand for Low Rolling Resistance Vehicle Tires to Boost Specialty Silica Consumption
Tires with low rolling resistance, allowing vehicles to move smoothly, help reduce the overall fuel consumption of
vehicles. As emission laws become more stringent and the market for conventional vehicle fuels continue to see the
negative impact of depleting fossil fuels in the form of fluctuating prices and reduced supply, the need for ways to
achieve vehicle designs that consume less fuel has intensified. Tires made from a mixture of specialty silica and
rubber help tire manufacturers develop tires with low rolling resistance and a higher quotient of environment
friendliness, which is why the demand for specialty silica is rising on a global front.
Availability of Several Substitutes Could Hinder Market Growth
The easy availability of cheaper substitutes such as silica gel is one of the key restraints for the overall future growth
prospects of the global market for specialty silica. The expensive nature of key specialty silica products such as
fused silica and colloidal silica often refrain small and medium sized buyers from buying them and resorting to
cheaper alternatives. Thus, the threat of alternatives could notably hamper the overall development of the global
specialty silica market over the report’s forecast period.
Get Request For Discount On This Report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=11183
This review of the market is based on a recent market research report by Transparency Market Research, titled
“Specialty Silica Market (Products - Precipitated Silica, Fumed Silica, Fused Silica, Silica Gel, and Colloidal Silica;
Applications - Rubber (Tire, Footwear, and Industrial), Crop Protection, Paints & Coatings, Electronic Components,
Food & Beverage, Animal Feed, Plastics, Personal Care & Cosmetics, Textile, and Paper) - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
For the study, the market has been segmented as follows: