Silicon Dioxide Industry Market Highlights
The Global Silicon Dioxide Industry is estimated to be valued at USD 13,725.3 Million by the end of 2030 and record a CAGR of 6.60% during the forecast period. The crystalline forms of silicon dioxide are mostly found on the earth’s crust in the forms of sand or rocks of minerals such as quartz, cristobalite, coesite, tridymite, stishovite, lechatelierite, chalcedony, hydrous silica mineral opal, and vitreous (glassy) silica, among others. Quartz is the most commonly found mineral. The amorphous forms of silica are artificially synthesized.
According to MRFR analysis, the global Silicon Dioxide Industry has been segmented based on form, purity, application, end-use industry and region.
On the basis of form, the amorphous segment held the largest market share of over 45% in 2018 due to its wide applications in food & beverages, paints & coatings, and glass & ceramics and relatively high cost. However, by volume, the quartz segment held the largest market share in 2018.
Based on purity, the less than 99% purity segment held the largest market share in 2018 owing to its large-scale consumption for building & construction application. The segment is expected to grow at a CAGR of around 6% during the forecast period.
By application, the building material segment is estimated to be the largest application segment in 2018 and is projected to register a CAGR of around 5.5% during the forecast period.
On the basis of end-use industry, the building & construction segment held the largest market share of around 35% in 2018.
Market Research Future (MRFR) recognizes the following companies as the key players in the global Silicon Dioxide Industry: Evonik Industries AG (Germany), PPG Industries, Inc (US), Cabot Corporation (US), Solvay (Belgium), American Elements (US), Wacker Chemie AG (Germany), Tokuyama Corporation (Japan), Tosoh Corporation (Japan), Gelest, Inc (US) and Aluflor AB (Sweden).
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Geographically, the global Silicon Dioxide Industry has been divided into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, the Asia Pacific market was the dominant regional market, accounting for the largest share of around 48 % in 2018 and is expected to register a healthy CAGR during the forecast period. Asia-Pacific is followed by Europe, which accounted for the second-largest share of the global Silicon Dioxide Industry in 2018. The North American market is expected to exhibit the second-largest CAGR of over 6 % during the forecast period.
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