Speciality Silicas Market Share, Trend, Segmentation and Forecast to 2029
Specialty silica which comprises silicon dioxide as its main ingredient that is utilized as an additive in the formulation procedure of several products and components in the broad industry segments such as automotive, electronics, personal care products, paints, rubber, food, healthcare, inks, coatings, and so forth. It is attained as a by-product of the reaction of alkaline silicate with hydrochloric or sulfuric acid. Sulfuric acid solution and sodium silicate are also added to water in the next stage of the reaction.Major factors that are expected to boost the growth of the speciality silicas market in the forecast period are the rise in the demand for specialty silica from several end use industries and growing demand for precipitated silica from the food industry. Furthermore, the growing production of tires due to several government regulations is further anticipated to propel the growth of the speciality silicas market. Moreover, the rising consumption of consumer goods including footwear, oral care products is further estimated to cushion the growth of the speciality silicas market. On the other hand, the rise in the preference of fumed silica over precipitated silica is further projected to impede the growth of the speciality silicas market in the timeline period.
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