Westford,USA, July 27, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, the growing trend of modern theme-based building and construction projects has led to a significant increase in the demand for glass products used in various applications, such as windowpanes, doors, and other building components in the silica flour market. Silica flour plays a crucial role in the glass manufacturing process.
Browse in-depth TOC on the "Silica Flour Market"
- Pages - 260
- Tables - 42
- Figures – 78
The global demand for silica flour market has experienced a significant increase due to multiple factors. Rapid industrialization, burgeoning manufacturing industries, and increasing crude oil prices have all contributed to the need for silica flour.
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Report Scope & Segmentation:
| Attributes | Details |
| Market Size in 2022 | USD 591.59 Million |
| 2030 Value Projection | USD 917.62 Million |
| CAGR | 5.64% |
| Forecast Period | 2023-2030 |
| Segments Covered |
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| Regions Covered |
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Prominent Players in the Silica Flour Market
- SCR-Sibelco NV
- U.S. Silica Holdings, Inc.
- Sionine Industry Co., Ltd.
- Adwan Chemical Industries Co. Ltd.
- Saudi Emirates Pulverization Industries Company (SEPICO)
- AGSCO Corporation
- Fineton Industrial Minerals Limited
- Sil Industrial Minerals Inc.
- Finmac Llc.
- Opta Minerals Inc.
- Premier Silica LLC
- Minco Mineral Mining Company
- International Silica Industries Company plc
- Micamin Exports India Pvt. Ltd.
- Al-Rushaid Group
- Industrial Minerals (NZ) Ltd.
- Delmon Group of Companies
- Delmon Industrial and Mechanical Insulation Factory Co.
- Silpro, LLC
- Short Mountain Silica
Fiberglass Segment is Expected to Grow in the Market Due to a Wide Range of Applications
The fiberglass segment has emerged as the dominant force in the global silica flour market. This versatile material combines high toughness and low weight, making it an ideal choice for various applications.
The markets inthe North America have been at the lead of the global silica flour market, primarily driven by the substantial growth in the tire sector. The tire demand has witnessed tremendous growth in the region with prominent automobile giants and a robust automotive industry.
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Paints & Coatings Segment is Expected to Dominate the Market Due toAdditional Benefits
The paints & coatings segment is poised to witness the most rapid growth among all applications in the silica flour market. Building on the previously mentioned advantages, incorporating grounded silica in paints and coatings offers additional benefits.
Regional markets in the Asia Pacific emerged as the dominant force in the silica flour market, and this trend is expected to persist throughout the forecast period. The region's strong position can be attributed to several factors that continue to drive its growth. The Asia Pacific boasts a burgeoning construction industry fueled by rapid urbanization and infrastructural development.
A comprehensive analysis of the major players in the silica flourmarket has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Key Developments in the Silica Flour Market
- U.S. Silica Holdings, Inc., a prominent player in the industrial and specialty products (ISP) segment, recently announced the conclusion of its review of strategic alternatives for this particular segment. The company evaluated various options to optimize its business operations and enhance shareholder value. The decision came after thoroughly assessing the ISP segment's performance and potential growth prospects. By concluding the review, U.S. Silica Holdings aimed to focus on its core strengths and align its business strategy with the changing market dynamics.
- ProFrac, a U.S.-based energy services company, recently revealed its plans to acquire US Well Services (USWS), an oilfield service company, through an all-stock transaction. The acquisition represented a significant development in the energy services sector and showcased ProFrac's strategic intent to expand its presence in the oilfield services market.
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Key Questions Answered in Silica Flour Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
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