H1 2023: In H1 2023, the Asia Pacific region accounted for the biggest consumer of Silica. China experienced a marginal price uptick, whereas India witnessed a substantial increase in January. This price surge in both countries was instigated by traders elevating their offers in response to a modest uptick in demand from the downstream market. The market conditions in China remained stable, while India exhibited a bullish trend. Supplies in both regions ranged from moderate to stable, with demand registering as low in China and moderate in India. The construction sector in India displayed some improvement in demand. In March 2023, Silica prices in China and India sustained stability attributed to a balanced supply and demand scenario. In May 2023, Silica prices in the Asian market experienced a decline, influenced by diminished silica usage in the construction industry amid abundant product availability. The demand prospects for the product remained subdued, impacting the price trajectory of various commodities globally, including Silica Sand. Silica prices in the Indian market mirrored a similar downward momentum, attributed to ample product availability within the country and no external disruptions to supplies. Additionally, the construction sector in India initially saw a rise in April 2023, but thereafter, construction activities remained stagnant.
The global Silica market stood at approximately 940 million tonnes in 2022 and is anticipated to grow at a CAGR of 6.8% during the forecast period until 2032. Silica, comprised of the two most prevalent elements on Earth, Silicon and Oxygen, ranks among the most abundant substances on the planet. Silicon dioxide, also known as Silica, serves as a primary raw material in the production of silicates and various everyday products. It holds significant importance in industries such as glass, ceramics, construction, and foundries. The extraction of Silica involves mining it from the Earth, where it exists in various forms, with quartz being the most widespread of this abundant material.
Silica, also known as silicon dioxide, exhibits remarkable versatility across a spectrum of industries. In construction, it serves as a fundamental component, augmenting the strength and resilience of concrete and mortar. The glass manufacturing industry heavily relies on silica as a primary raw material, imparting transparency, strength, and thermal resistance to glass products. In industrial and metallurgical contexts, Silica finds diverse applications, including its use in water filtration and purification, serving as filler sand, and playing a role in foundry sand applications. It is a key component in specialized flooring solutions, refractories, and the glass manufacturing process. Silica also contributes to the formulation of paints and wall coatings, showcasing its versatility in various industrial sectors. Additionally, it serves as a silica flux, further underlining its significance in facilitating essential processes within these industries. In the electronics sector, silica finds application in semiconductor and electronic component manufacturing due to its insulating properties. Water treatment processes leverage silica for impurity removal and water quality enhancement. From cosmetics and personal care items to pharmaceuticals, silica's absorbent and abrasive qualities contribute to various formulations. In agriculture, silica functions as a soil conditioner, improving water retention and nutrient absorption by plants. Silica's anti-caking properties make it a valuable ingredient in food products, while in the oil and gas industry, it aids in hydraulic fracturing operations. Additionally, silica is integral to abrasives manufacturing, rubber, plastics, and various industrial processes, showcasing its indispensable role and broad impact across multiple sectors.
The silica market is propelled by various drivers stemming from its diverse applications across multiple industries. With a burgeoning construction industry globally, the demand for silica remains robust as it plays a fundamental role in enhancing the strength and durability of concrete and mortar. Simultaneously, the expansion of the glass industry, driven by demand in construction, automotive, and consumer goods sectors, significantly contributes to the growth of the silica market, where it serves as a primary raw material in glass manufacturing. Silica's involvement in hydraulic fracturing operations within the oil and gas industry mainly contributes to market expansion, given the ongoing exploration activities. In agriculture, silica acts as a soil conditioner, enhancing water retention and nutrient absorption by plants, thus supporting its demand in the agricultural sector. The cosmetic, personal care, and pharmaceutical industries leverage silica for its absorbent and abrasive properties, fostering demand in these sectors. The tire manufacturing sector, a subset of the broader automotive industry, utilizes silica in rubber and plastics, further boosting demand. These multifaceted market drivers underscore the pivotal role of silica across various industries and the global Silica market is anticipated to reach nearly 1820 million tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Silica. The Asia Pacific region is strategically positioned as the primary consumer of silica, driven by robust industrialization, extensive infrastructure development, and a thriving glass industry with increased construction, automotive manufacturing, and consumer goods production. Serving as a major hub for electronics manufacturing, the region's dynamic electronics sector, including semiconductors, sustains a substantial demand for silica. Additionally, silica's role as a soil conditioner enhances agricultural productivity, aligning with the agricultural reliance in Asia Pacific. The escalating demand for water treatment solutions, in response to rising population and urbanization, positions silica as a pivotal component in addressing water quality challenges across the region. The burgeoning automotive industry in Asia Pacific, coupled with silica's essential role in tire manufacturing and automotive components, further solidifies its integral position, reflecting the region's industrial diversity and sustained growth potential.
Based on the end-user industry, the global Silica market is divided into Hydraulic fracturing, Glass, Ceramics, Foundry, and Others. However, Hydraulic fracturing is the major segment and held approximately 53% of the global Silica market in 2022 and is expected to maintain its dominance in the market in the coming years as well. Silica serves diverse industrial applications, notably as whole-grain silica in flooring, mortars, and roofing materials for enhanced tensile strength. The oil and gas sector drives global silica demand, specifically in the form of fracturing sand, propelling rock fractures open in deep wells to augment oil and gas flow. Silica's hardness and structural integrity resist high pressures. In glass manufacturing, crystallized silica, predominantly quartz, is employed for its low thermal expansion and resistance to temperature-induced transformations, making it ideal for glass furnace bricks. Silica's effectiveness as a water filter medium, with chemically inert properties, finds application in pool filters and sewage treatment systems, ensuring efficient removal of contaminants from potable water. Additionally, silica gravel acts as a packing material in deep-water wells, extending permeability zones and maximizing aquifer yield while preventing intrusion of tiny particles.
Major players in the Global Silica market are Cabot Corporation, Evonik Industries, Imersys S.A., Nissan Chemical Corporation, Oriental Silicas Corporation, PPG Industries, Solvay SA, Tosoh Corporation, W.R. Grace & Co., Wacker Chemie AG, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Silica which covers production, demand and supply of Silica market in the globe.
• To analyse and forecast the market size of Silica
• To classify and forecast Global Silica market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Silica market in the globe.
To extract data for Global Silica market, primary research surveys were conducted with Silica manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Silica market over the coming years.
ChemAnalyst calculated Silica demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Silica. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Silica manufacturers and other stakeholders
• Organizations, forums and alliances related to Silica distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Silica manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Silica market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
940 million tonnes
Market size Volume in 2032
1820 million tonnes
Growth Rate
CAGR of 6.8% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Hydraulic fracturing, Glass, Ceramics, Foundry, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Silica in terms of volume in 2022?
Ans:
The global market size of Silica had reached approximately 92 million tonnes in 2022.
Q2.
Which region is the major consumer of Silica?
Ans:
Asia Pacific region is the leading consumer of Silica globally.
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