Silica Flour Market Intelligence Report Offers Insights on Growth Prospects
Stratview Research has published a new report titled “Silica Flour Market” which is segmented by Application Type (Sodium Silicate, Fiberglass, Cultured Marble, Additive, Reinforcing Filler, Foundry Work, Ceramic Frits & Glaze, Oil Well Cements, Glass & Clay Production, and Others) and by Region (North America, Asia-pacific, Europe, RoW).
As per the study, silica Flour Market is likely to witness an impressive CAGR of 7.5% during the forecast period. The growth of the market is being fueled by rising glass demand and the growing construction industry. Improved living standards, better-quality lifestyles, and variations in climate have prompted the glass industry to innovate on a regular basis in response to consumer demand.
The use of glass in downstream commercial organizations and packaging applications will increase the silica flour demand. The product will have widespread applications in the oil well industry in the coming years.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the application type, the market is segmented as sodium silicate, fiberglass, cultured marble, additive, reinforcing filler, foundry work, ceramic frits & glaze, oil well cements, glass & clay production, and others. Fiberglass is expected to hold the largest share of the market during the forecast period on account of its extensive utilization in multiple and diverse industries, such as in the construction and automotive industries. In addition, sodium silicate is estimated to register high growth in the market over the forecast period, as it has a wide range of applications due to its low cost as compared to other alkaline salts.
In terms of regions, Asia-Pacific is estimated to be the leading region in the silica flour market during the forecast period. The growth of the region’s market is driven by the food & beverages, personal care products, and electronics sectors, which are rapidly growing in the region and in turn, have increased the consumption of glass. Also, increasing usage of fiberglass and the growing automotive industry in North America are expected to fuel the growth of the North American silica flour market during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Silica Flour Market:
· Adwan Chemical Industries Co. Ltd.
· AGSCO Corporation
· Delmon Group of Companies
· Fineton Industrial Minerals Ltd.
· Hoben International Ltd.
· Opta Minerals Inc.
· Premier Silica LLC
· SCR-Sibelco NV
· Sil Industrial Minerals Inc.
· U.S. Silica Holdings, Inc.
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