The global silica flour market size was US$ 520.0 million in 2021. The global silica flour market size is estimated to reach US$ 841.9 million by 2030, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2030.
Silica flour is a fine material and filtered state of crystalline silica that inherently appears in various forms. It has high mechanical power and offers permeability in different end-use sectors and it can resist high temperatures that make them appropriate for heat stabilization applications and thermal insulation in different end-use sectors like cement production, steel and iron, glass manufacturing, petrochemicals, and others. They are utilized as an abrasive additive in skin care products, soaps, coatings, paints, etc.
Factors Influencing Market Growth
Growth in industrialization, the increase in the production sector, and the growth in expenses of crude oil have increased the requirement for silica flour which is used as an additive to standard cement to encounter compressive strength and permeability demands, which is a major element boosting the overall market growth.
Silica flour acts threat to humans if disclosed exceeding the highest concentration boundaries, thus hindering the overall market growth.
Quick infrastructure growth and an upsurge in demand from the automotive industry have led to an increase in iron and steel manufacturing in growing economies where silica flour indicates a high melting point, low thermal expansion, and resistance to metal deformation due to which silica flour is used as a coating material in iron and steel industry. Thus, propelling the overall market growth.
Effect of the COVID-19 Pandemic
The COVID-19 outbreak adversely impacted the overall market growth. Due to many hardships with material supply chain disorders and labor lacks in 2020 and the decline of the oil and gas sector where silica flour is utilized for lowering heat loss within high-temperature streams, thus limiting the growth of the overall market.
Asia-Pacific is expected to increase at the highest CAGR and recorded the highest market share in 2021. This is due to the growing requirement for iron and steel from different end-use industries like construction infrastructure, industrial, automotive, and others have directed the iron and steel factories to improve their manufacturing abilities where silica flours are majorly utilized for temperature stability goals.
The prominent players in the global silica flour market are:
Sil industrial minerals
Opta Minerals Inc
Hoben International Limited
Delmon Group of Companies
Adwan Chemical Industries Co. Ltd
The global silica flour market segmentation focuses on Type, Application, and Region.
Segmentation on the basis of Type
Segmentation on the basis of Application
Glass and Clay
Oil Well Cement
Ceramic and Refractory
Segmentation on the basis of Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America