Wilmington, Delaware, United States, Transparency Market Research, Inc. , Oct. 15, 2024 (GLOBE NEWSWIRE) -- The global Silica flour's market size (سوق دقيق السيليكا) was estimated at US$ 836.0 million in 2022. A CAGR of 5.0% is predicted between 2023 and 2031, reaching US$ 1.3 billion by 2031. The robustness, durability, and resistance to corrosion and chemical attacks of silica flour make it an appealing choice for use in cementitious materials, concrete, and grouts, leading to a rapid market expansion.
The oil and gas industry relies heavily on silica flour during hydraulic fracturing, or fracking, because it holds open cracks and improves oil and gas flow from reservoirs.
Silica flour is used extensively in the glass manufacturing industry to manufacture specialized glasses, fiberglass, bottles, and other glassware. In addition to improving clarity and strength, silica flour increases the thermal resistance of glass. Paint and coatings manufacturers use silica flour more frequently than ever since it improves coating durability, adhesion, and resistance to weathering and abrasion, driving market growth.
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Due to its ability to facilitate metal casting processes, silica flour is a primary market driver for foundries. As technology advances in silica flour production, such as particle size control and refining procedures, silica flour's range of applications and performance attributes expand, supporting product innovation, quality enhancements, and market expansion.
Key Players Profiled
- Premier Silica LLC
- Silica International
- U.S. Silica
- Sil Industrial Minerals
- Adwan Chemical Industries Co. Ltd.
- Delmon Group of Companies
- Opta Minerals Inc.
- AI Marbaie Group
- Saudi Emirates Pulverization Industries Company (SEPICO)
Key Findings of the Market Report
- In terms of application, fiberglass accounted for the majority of shares in 2022
- Over the next few years, the Asia Pacific region is expected to dominate the market.
- Silica flour market dynamics in North America are expected to be positively impacted by the expansion of oil & gas and paints & coatings sectors.
- Fiberglass in concrete structures is expected to be in high demand due to the growing construction sector.
Global Silica Flour Market: Growth Drivers
- A growing field of study called nanotechnology has several uses for silica nanoparticles. Nanotechnology applications, including electronics, drug delivery systems, sensors, and nanocomposites, may heavily rely on silica flour. Due to ongoing nanotechnology research and development, the need for silica flour may increase.
- With the growing awareness of environmental issues, companies are looking for sustainable substitutes for traditional materials. A low-emissions manufacturing process and responsible sourcing of silica flour could make silica flour a desirable option in various applications.
- The future of the silica flour industry could be influenced by workplace safety and health laws, environmental protection policies, and product quality regulations. Innovation and investment in sustainable practices may be driven by compliance with regulations and standards.
- Silica flour is used in the chemical industry to make silicon compounds, specialty chemicals, and catalysts. As a reinforcing filler in polymer formulations and an anti-blocking agent in plastics and rubber, silica flour is in demand. Plastic and rubber products benefit from silica flour because it enhances mechanical properties, dimensional stability, and processing characteristics.
Global Silica Flour Market: Regional Landscape
- Silica flour is experiencing rapid growth in the Asia Pacific region. In China, several industries have increased their consumption of silica flour in recent years, including the electronics, cement, and glass industries. Ceramics and glasses are also gaining popularity among consumers, contributing to the market's growth. In addition, demand for casting products has surged in the automotive and semiconductor sectors in China, thus further boosting silica flour consumption.
- The rapid increase in infrastructure investments throughout the Asia-Pacific region has contributed to this growth. Adding silica flour in paint manufacturing creates uniformity and enables new applications, including oil-based paints and coatings, where uniformity and suitability matter.
- Ceramics are gaining traction in this sector, especially in developing economies in Asia Pacific, and thus, silica flour is expected to gain traction in the construction industry. It is also used in aerospace and semiconductor industries as a starting material for optical fiber production.
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Global Silica Flour Market: Competitive Landscape
The global silica flour industry is highly consolidated, with several major players accounting for major market shares. To consolidate their position in the global market, leading silica flour suppliers and manufacturers focus on acquiring smaller entities.
Key Developments
- Premier Silica LLC- produces silica sand products for oil and gas fracking, glass making, foundry molds, filtration, and more. Several mining and processing facilities are operated by the company across the country, ensuring customers receive high-quality silica products regularly.
- Silica International supplies silica products to various industries, including automotive, electronics, construction, and consumer goods. As a leading provider of silica-based materials, the company is prepared to provide customers with customized materials tailored to their specific needs, including silica flour, silica gel, silica fume, and colloidal silica.
- U.S. Silica- major producer of hydraulic fracturing (fracking) silica sand for the oil and gas industry. Along with manufacturing and selling fracking sand, the company also sells glassmaking, building, chemical manufacturing, recreation, and industrial silica products. U.S. Silica operates North American mines and processing plants.
Global Silica Flour Market: Segmentation
Application
- Sodium Silicate
- Fiberglass
- Cultured Marble
- Reinforcing Fillers (Plastics, Rubbers, Paints & Coatings, etc.)
- Foundry Work
- Ceramic Frits & Glaze
- Oil Well Cement
- Glass & Clay Production
- Others (Pharmaceuticals, etc.)
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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