The absence of the clear domination of a single
player has led to a fragmented competitive scenario within the global
market for silica flour, finds Transparency Market Research (TMR) in
a recent study. In 2014, the top three players, namely, U.S. Silica
Holdings Inc., Premier Silica LLC, and SCR-Sibelco N.V, accounted for
a share of 32.1% in this fragmented market.
Over the coming years, the competition among
participants is likely to be further reduced by the limited scope of
differentiation. However, the leading manufacturers are focusing
aggressively on establishing dedicated distribution channels across
the world in order to deter the threat of a declined market share.
Along with this, producers are also trying to enter into direct
selling of silica flour in order to understand the needs of end users
and, consequently, increase the sales.
This 157 page report gives readers a
comprehensive overview of the Silica Flour market. Browse through 49
data tables and 23 figures to unlock the hidden opportunities in this
market@
Rising Application of Fiberglass Impels Demand
for Silica Flour
Silica flour finds widespread applications the
production of fiberglass. “The recent rise in various industries,
such as building and construction, consumer goods, transportation,
and wind turbines, has increased the industrial application of
fiberglass, which, in turn, has fueled the demand for silica flour
significantly and will continue to do so over the forthcoming years,”
says an analyst at TMR.
Along with this, the demand for silica flour has
also been impelled by the ongoing expansion in the foundry (metal
casting) industry. Due to its purity, consistent sizes and shapes of
particles, chemically inert nature, and compatibility with chemical
binders, silica flour is widely utilized in steel foundries in order
to obtain the required tensile strength, high resistance to metal
penetration, and improved temperature sustainability in cores.
Health and Environmental Threats of Silica
Flour to Hamper its Demand
Although the market looks thriving at large; a
number of factors are expected to slow down the demand for silica
flour, obstructing the market’s growth trajectory. The main one
among them is the health and environmental threats associated with
silica flour. The presence of microparticles in silica flour makes it
considerably injurious for workers, who are continuously exposed to
it, increasing the risk of diseases such as silicosis, bronchitis,
and tuberculosis.
Nonetheless, the growing application of silica
flour in high temperature cementing is likely to create lucrative
opportunities for silica flour producers over the next few years.
Asia Pacific to Report Strongest Demand for
Silica Flour
According to the report, the opportunity in the
global silica flour market was worth US$338.1 mn in 2014. Rising at a
CAGR of 7.0% between 2015 and 2023, it is expected to increase to
US$618.0 mn by 2023. In terms of volume, the market is likely to
expand at a CAGR of 6.10% during the forecast period.
Get accurate market forecast and analysis on
the Silica Flour market. Request a sample to stay abreast on the key
trends impacting this market@
Asia Pacific led the demand for silica flour in
2014 with a share of more than 46%. Driven by the soaring demand for
fiberglass in the construction and the transportation industries, the
region is likely to continue its leading streak in the coming years.
The Middle East and Africa is also expected to witness a steady
increase in the demand for silica flour over the next few years.
Fiberglass, among all the application areas, will continue to report
the strongest demand for silica flour in the near future.
The study presented here is based on a report by
Transparency Market Research (TMR) titled “Silica Flour Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2023.”
Key Takeaways
- The top three silica flour producers accounted for a share of 32.1% in 2014
- Asia Pacific led the demand for silica flour with a share of more than 46% in 2014
- In terms of volume, the global silica flour market is likely to expand at a CAGR of 6.10% between 2015 and 2023
The report segments the global silica flour
market as follows:
By Application
- Sodium silicate
- Fiberglass
- Cultured marble
- Additive
- Reinforcing filler
- Foundry work
- Ceramic frits & glaze
- Oilwell cements
- Glass & clay production
- Others (Including pharmaceutical applications)
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