Silicon Dioxide Market 2022 business opportunities investments growth analysis company profiles and forecast to 2030

 Asia Pacific silicon dioxide market to grow as construction industry expands in the region

Silicon dioxide is not only one of the most commonly occurring minerals but it is also one of the minerals that has found application in industries as varying as food and beverages and construction. Silicon Dioxide Market is projected to be worth USD 13,725.3 Million by 2030, registering a CAGR of 6.60% during the forecast period (2022 - 2030).

Silicon dioxide is a natural chemical mix of silicon and oxygen that has uses in many food products as an anticaking agent. Silicon dioxide is generally safe as a food additive, though some agencies are calling for stricter guidelines about the quality and characteristics of the Silicon Dioxide Market found in foods.

In the pharmaceutical industry, silicon dioxide (also known as colloidal silicon dioxide) has many uses in tablet-making, including as an anti-caking agent, adsorbent, disintegrant, or glidant to allow powder to flow freely when tablets are processed. These compounds appear to be biologically inert. Silicon dioxide is generally recognized as safe by the FDA.

Manufacturers use silica to make everything from glass to cement, but it also has a use in the food industry as an additive and anticaking agent. This type of food additive prevents foods from caking or sticking together in clumps. This may help ensure a product's shelf life, protect against the effects of moisture, and keep powdered ingredients from sticking together and helping them flow smoothly.

Segmentation:

Silicon dioxide market is segmented on the basis of purity, form, application and end-use industry.

According to purity, less than 99% pure silicon dioxide segment witnessed the largest market share in 2018 due to the expansion of the building & construction industry and the immense demand for the less pure silicon for application in construction activities. Over the forecast period, less than 99% purity segment is anticipated to register a CAGR of nearly 6%.

According to form silicon dioxide market is classified as amorphous, quartz, keatite, coesite, cristobalite, tridymite. Among these, amorphous silicon dioxide market share was at the highest at 45% in 2018, a trend that is expected to continue over the forecast period as amorphous silicon dioxide find immense demand from its application in food & beverages, glass & ceramics, paints & coatings, pharmaceuticals etc. The quartz segment has however been credited with the largest market share by volume in 2018.

Application wise silicon dioxide market segmentation includes glass & ceramics, building materials, silicon wafers, adhesives & sealants, paints & coatings, food & pharmaceutical additives. Among these the building material segment was the largest application segment in 2018 and is anticipated to register a 5.5% CAGR over the review period.

Silicon dioxide market according to end-use industry comprises building & construction, healthcare, electrical & electronics, chemical and food & beverages, of which building & construction segment held a market share of approximately 35% in 2018. 

Regional Analysis:

Geographically, silicon dioxide market has been segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Due to an expanding building and construction industry, the silicon dioxide market in Asia Pacific has witnessed massive growth. In 2018, silicon dioxide market share in the region was estimated to be around 48% and is expected to register a CAGR of nearly 7% over the forecast period.

Europe silicon dioxide market is also expected to grow exponentially over the coming years and register a 5% CAGR over the review period. An expanding microelectronics industry as well as increasing building renovation activities will create a potent market for silicon dioxide products in the region. Germany and France are countries in the region that are anticipated to contribute substantially towards the market growth in Europe.

Competitive Overview:

Silicon dioxide market players comprise some of the biggest names in the chemicals industry as well as companies that focus specifically on silicon production. Evonik Industries AG, Solvay PPG Industries, Wacker Chemie AG, Gelest, Inc, Cabot Corporation, Aluflor AB, American Elements, Tosoh Corporation, Tokuyama Corporation are some of the giants in the silicon dioxide industry.

Industry News:

The uses of silicon dioxide are varied and widespread. Recently, ripples were caused in the silicon dioxide market as researchers at the Case Western Reserve University demonstrated that buildings can be protected from wildfires with a blanket made of amorphous silica fabrics laminated with aluminum foil.

The incidence of wildfires is becoming more common in California as well as the world over. Megafires are being predicted in the coming years and residents have been seeking means to protect properties from the clutches of such fires. Draping buildings with flame-retardant blanket was a technology that was developed during World War II and seems to have found renewed application in the present scenario. Though the blanket might not be a foolproof solution in the face of wildfires that can rage on for days, its can definitely keep fires spreading from house to house and thus keep it from spreading.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Market Research Future®

99 Hudson Street,5Th Floor

 

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)a

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com