London, UK -- (SBWIRE) -- 06/29/2015 -- Specialty silica is an essential component for a wide range of products and construction materials across the globe. Specialty silica plays a vital role in a wide range of end use markets spanning across electronics, polymer, rubber, elastomers, print media and footwear among other applications. With such a diverse range of applications, the demand for specialty silica in increasing in many countries. Moreover, a number of global and domestic manufactures have enhanced their capabilities to serve the international markets by joint venturing with other multinational manufactures.

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Specialty Silica Market: Drivers & Restraints

Opportunities are emerging for specialty silica as its qualities make it a viable option for use in applications such as green tyres. The highly dispersible silica, which is prepared from sand, facilitates to produce green tyres and is used to further renovate the performance of the tire both for safety and fuel efficiency, without forgoing the overall lifecycle of the tyre. Other drivers driving the growth of specialty silica are upsurge in the usage of shale gas, growing rubber industry, lower manufacturing cost and internal demand that has emerged from the development of many market economies is further driving the demand for specialty silica globally. However, slowing global economy and a mature nature of many larger end-user markets for specialty silica in many regions such as Europe are restraining the growth of specialty silica in these regions.

Specialty Silica Market: Segmentation

On the basis of product type,the global specialty silica market is segmented into:

Precipitated silica

Silicates silica gel/aerogels

Micronized silica

Nano-silica

Fumed silica

Colloidal silica/silica sols

The demand for precipitated silica in specialty silica market is anticipated to grow at an accelerated pace mainly due to growth in the construction and automotive sector and increasing adoption of the green tyres.

On the basis of application, the global specialty silica market is segmented into:

Automotive

Construction

Cosmetics and toiletries

Rubber

Chemicals

Coatings and inks

Electrical and electronics equipment

Plastics

Others (adhesives & sealants, packaging, insulation, water treatment)

The demand for rubber in specialty silica market is anticipated to be the largest and is also expected to be the fastest growing.

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Specialty Silica:Region-wise Outlook

Specialty silica market is predicted to witness the maximum growth in the Asia-Pacific, especially in regions such as China, Japan and India. Rising demand for fumed silica, fueled by a strong rebound in the non-tire rubber consumption is anticipated to boost the demand for specialty silica in North America. Specialty silica market is anticipated to expand at a steady rate in other regions of the world as a result of a slowing global economy in these regions.

Specialty Silica Market: Key Player

Some of the key market participants in the specialty silica market are Evonik Industries AG, SOLVAY, PPG Industries Inc., Cabot Corporation, W.R.Grace & Co.-Conn., Akzo Nobel NV, AZ Electronic Material Sarl, Bayer AG, Ceradyne Incorporated, DA NanoMaterials, DuPont (EI) de Nemours, Fuji Silysia Chemical Limited, Nissan Chemical Industries Limited, PQ Corporation, and Orisil Limited.

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