Increasing applications in automotive sector is likely to generate significant revenue growth in specialty silica market in the forthcoming years. Key players and manufacturers are working towards expanding their manufacturing capabilities for the purpose of meeting the growing demands from several applications for specialty silica.
A recent study by Future Market Insights predicts a steady 5.8% CAGR growth of specialty silica market during the anticipated period, 2016-2026. Developing effective specialty silica for end-users is possible to be a vital trend, increasingly impacting growth of specialty silica market. Besides, the report poses constructive insights for the growth of specialty silica market in the forthcoming years.
Analysts that have been part of this report development made sure that they have delivered valuable information as to how specialty silica market will expand through 2026. Additionally, our analysts have catered to the growing concerns of industry participants and market observers.
What is trending in the specialty silica market?
Well, based on the in-depth analysis, usage of specialty silica for the purpose of manufacturing green tires is considered as a trend that is likely to drive the demand for specialty silica in the forthcoming years. Key players and manufacturers are planning to introduce highly dispersible silica as part of their product portfolio. This is expected to be a major trend that is observed amongst the leading industry players.
According to you, what are the major factors that would trigger the growth of specialty silica market?
Based on analysis, increasing application of the specialty silica in automotive sector has been contributing significantly towards the growth of specialty silica market. Apart from this, considerable increase in the usage of specialty silica for the purpose of CMP (chemical mechanical planarization) as well as for moisture absorption purposes has been driving the demand for specialty silica and related products globally.
Which industry do you think will continue to create significant growth opportunities for specialty silica market?
Plastics and rubber industry will continue to create significant growth opportunities for specialty silica market in the forthcoming years.
Would you like to provide some useful insights on the regional landscape in specialty silica market?
Certainly yes. Based on analysis, APEJ is likely to be the leading region in the specialty silica market. China is likely to dominate the global market, thereby continuing to be the major supplier of specialty silica. Leading companies are planning to setup manufacturing plants in China.
Can you mention some of the key players in specialty silica market?
Yes. Of course. Some of the key players in specialty silica market profiled by analysts are inclusive of Qingdao Makall Group Inc., Akzo Nobel NV, Huber Engineered Materials, Nalco Holding Company, PPG Industries, Inc., Solvay SA and Wacker Chemie AG.
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