Wilmington, Delaware, United States, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The green silica market was estimated to have acquired US$ 215.1 Million in 2020. It is anticipated to register a 7.4% CAGR from 2021 to 2031, with a market value of US$ 466.9 million by 2031.
Increasing environmental awareness and sustainability concerns have led to the growth of the green silica market. As an alternative to traditional silica production, green silica is produced by methods that are environmentally friendly and have less of an impact on the environment.
Get Access to Sample Research Report with Latest Industry Insights @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84299
Global warming and threats to the environment have prompted countries around the world to make significant steps toward making bio-based economies more sustainable in the market. As the global economy shifts to a biobased economy, the environment will be economically, ecologically, and environmentally responsible.
Currently, silica is replacing carbon black as a major filler in tires for developing greener tires. Silica reinforcement reduces CO2 emissions into the environment and improves fuel economy in vehicles. Research is also being conducted on bio-waste-based reinforcement fillers to further enhance the green claim.
Key Findings of Market Report
- As demand for green silica in powder form grows in the automotive industry, the market is expected to see steady growth.
- Due to its popularity as an extraction medium for silica, rice husk ash has become a popular source of silica extraction, thus increasing market demand for these products in the market.
- Green silica demand is expected to increase with the growth of automotive tires and industrial rubbers on the market.
- As paints, coatings, and inks have become more popular in various applications, green silica is becoming more widely adopted.
- Consumer awareness and growing environmental conditions will lead to a growth in demand for green silica.
Trends in the Green Silica Market
Regulations and emissions standards have been tightened in many countries by governments and regulatory bodies. Due to this, industries have adopted more sustainable and clean manufacturing methods, including silica manufacturing. The environmental impact of products is becoming increasingly important to consumers. In response, the demand for environmentally friendly and eco-friendly silica products has grown in various applications has grown demand for green silica in the market.
The production of silica materials has been made more eco-friendly by several researchers. With green synthesis, nontoxic, sustainable ingredients are used in silica production to reduce the environmental impact. The ability to enhance a manufacturer's product through improved dispersion and strengthening properties is a contribution of green silica formulations.
Green silica is widely adopted in agricultural business in the market. The green silicone increases the crop's ability to tolerate stress and makes it more resilient. It helps to keep plants immune against pests and diseases that attack them. In addition to rubber products and tires, green silica is also used in toothpaste, paints and cosmetics, thus offering versatility and value to the market. Innovative and sustainable methods have been developed to produce green silica through research and development. Renewable resources are often used in these methods, energy is conserved, and waste is minimized.
Green Silica Market: Regional Outlook
Asia Pacific has experienced a boom in the popularity of green silica. Green silica for construction activities and automotive consumption in the region has increased the demand in the market. A growing demand for paints and coatings has led to an increase in the use of green silica in these products. As harmful chemicals are increasingly regulated in industries like rubber and paint & coatings, the market prospects for green silica in Asia Pacific are expected to improve.
Due to an increase in demand for green tires in Canada and the United States, North America is expected to hold a substantial share of the market over the forecast period. Green car technologies are rapidly being adopted in the region, which will further increase the demand for green silica used in green tires.
Have Question? Talk to Analyst at: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=84299
Green Silica Market: Key Players
TMR's analysis showed that several green silica manufacturers had expanded geographically and updated their product portfolios in an attempt to gain market share. Several factors are considered to determine how key players are competing, including their strategic moves, segmental revenues, and recent developments.
Green silica manufacturers are focused on providing their clients with the most advanced technology.
Green Silica are widely used by the following companies:
- Brisil
- ORYZASIL
- Novosilgreen
- Green Silica Group
- BSB Nanotechnology Joint Stock Company
- Amyris, Inc.
- Usher Agro Limited
- Refratechnik
- Agrilectric Power
- Wadham Energy Limited Partnership
Key Developments in the Global Green Silica Market are
- In June 2023, the Mirah Green energy company announced plans to build a $140 million silica plant on Batam Island. With the factory, Indonesian industries such as solar panels and semiconducting materials can be supported.
- On July 2023, HPQ Silicon Inc., one of the leading companies in the industry of green engineering processes for producing silicon and silica materials, provided shareholders with an update on the latest development milestones for the Fumed Silica Reactor ("FSR") being led by HPQ Silica Polvere Inc., working alongside PyroGenesis Canada Inc.
Global Green Silica Market: Segmentation
- Form
- Powder
- Granular
- Micropearl
- Source
- Rice Husk Ash
- Sugarcane Bagasse Ash
- Bamboo Leaf
- Corncob
- Others (including Bamboo Culm and Banana Peel)
- Type
- Highly Dispersible Silica (HDS)
- Easily Dispersible Silica (EDS)
- Application
- Consumer Goods
- Industrial Rubber
- Footwear
- Food Products
- Paints, Coatings, and Inks
- Plastic Films
- Others (including Oral Care Products)
- End-use
- Automotive
- Paints & Coatings
- Plastic & Packaging
- Personal Care
- Industrial
- Food & Beverages
- Others (including Construction and Cosmetics)
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Place an Order Copy of Green Silica Market Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=84299<ype=S
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
