Specialty Silica Market Will Reach $4.43 Billion By 2022:Grand View Research Adidas NMD HU Trail Danmark , Inc. Business Articles | May 26, 2016

New Market Research Reports Title “Specialty Silica Market Analysis Size and Segment Forecasts to 2022” Has Been Added to Grand View Research Report Database



The global?specialty silica market?is expected to reach USD 4.43 billion by 2022, according to a new report by Grand View Research, Inc. Rising application scope of the product in various end-use industries including rubber and coatings is expected to fuel demand over the forecast period.?


Increasing coating demand in Asia Pacific on account of growing construction and rising government expenditure on infrastructure development in emerging economies of India and China is expected to propel product need over the next seven years.?


Automotive industry growth in numerous countries is expected to fuel tire demand which in turn is expected to have a positive impact on the product market over the forecast period. In addition Adidas NMD Racer Danmark , increasing use of the product in green tire manufacturing on account of various advantages such as increased shelf life and fuel efficiency will propel the industry growth over the next seven years. However, mature nature of various end-use industries primarily in Europe and North America may challenge specialty silica industry growth.?


Browse full research report on Global Specialty Silica Market:?

Further key findings from the report suggest:

Precipitated silica was the largest product segment estimated over 2,000 kilo tons in 2014. It is widely employed as a performance additive as it increases wet-grip capabilities and wear resistance in automotive and industrial tires. Silica-filled tires are widely used owing to low rolling resistance which results in better handling and improved mileage. This is expected to fuel overall product demand over the forecast period. Rubber application segment was estimated over USD 1,000.0 million in 2014. Rising rubber need on account of increased automobile production particularly in India and China is expected to have a positive impact on the industry over the forecast period. Europe specialty silica market was estimated over USD 300.0 million in 2014. Robust automotive manufacturing base in the Germany is expected to be a favorable factor for rising demand. In addition Adidas NMD CS1 Danmark , growth in the food & healthcare sector in various countries including France, UK, and Germany on account of changing lifestyle of consumers coupled with increased government spending on public health is expected to propel product need over the next seven years. The global specialty silica industry is highly competitive with key multinationals dominating the sector. Increased R&D expenditure for new product developments coupled with the need to reduce production cost are key trends witnessed within the industry. In January 2016, PPG Industries announced plans for setting up new production site for precipitated silica in North America. As of July 2015 Adidas NMD C2 Danmark , Solvay introduced highly dispersible silica (HDS) which enhances the performance of tires by cost-effective energy saving.