Silica Flour Market report for 2017-2024 – companies, applications, products and more

The rapid growth of the construction & automotive sectors across the globe is expected to augment silica flour market size, subject to the fact that this material is extensively used as a filler in plastics and mortar, which find applications in the construction sector.

Silica flour is essentially finely ground crystalline silica that enhances the quality of mortar and plastics and finds usage in cleansers, skin products, paints, toothpaste, and pharmaceutical products. Pertaining to the fact that these products find applications in myriad end-user sectors such as chemicals, automotive, pharmaceuticals, construction, adhesives, and personal care, Silica flour market size is anticipated to cross a revenue of USD 650 million by 2024, growing at a CAGR of 7% over 2016-2024.

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The demand for glass has risen considerably since the last few years, subject to its extensive usage across residential and commercial spaces. In addition, improved consumer lifestyles and weather fluctuations have led to the introduction of myriad innovations in the glass manufacturing industry, which deploys silica flour on a massive scale. Subject to the increasing usage of glass in numerous packaging and downstream commercial enterprises, silica flour industry will observe a notable growth rate over the next seven years.

Major companies operating in silica flour market prefer deploying tactics such as mergers and acquisitions to sustain their position in the global business space. In addition, it is expected that the product will find its way across the cement and oil sectors, which will give rise to numerous opportunities for silica flour industry players to diversify their product portfolio.

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The U.S. houses the maximum number of companies operating in silica flour market. Key participants include Premier Silica LLC, International Silica Industries Company PLC, Saudi Emirates Pulverization Industries Co., Delmon Group of Co., Opta Minerals, Inc., AGSCO Corp., FINETON Industrial Minerals Ltd., SCR-Sibelco N.V., U.S. Silica Holdings, Inc., Hoben International Limited, Sil Industrial Minerals, Inc., and Adwan Chemical Industries Co., Ltd.

Silica flour is extensively used in sodium silicate, which is less expensive than alkaline salts and can be used as catalyst bases, binders, zeolites, deflocculates, adhesives, coagulant aids, and detergents. Subject to its beneficial characteristics, it is used in numerous industrial and chemical processes, which will impel silica flour industry from sodium silicate applications, slated to grow at a ret of 6% over 2016-2024.

Renowned automotive companies such as Mercedes-Benz and BMW AG have begun to penetrate the industrial construction sector, that demand the usage sodium silicate in the form of binders, chemicals, adhesives, detergents, and cement. This will lead to Europe silica flour market generating a significant revenue from sodium silicate applications over the next few years.

Browse key industry insights spread across 129 pages with 103 market data tables & 11 figures & charts from the report, "Silica Flour Market Size By Application (Sodium Silicate, Fiberglass, Cultured Marble, Additive, Reinforcing Filler, Foundry Work, Ceramic Frits & Glaze, Oilwell Cements, Glass & Clay Production), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" in detail along with the table of contents:https://www.gminsights.com/industry-analysis/silica-flour-market

Renowned automotive companies such as Mercedes-Benz and BMW AG have begun to penetrate the industrial construction sector, that demand the usage sodium silicate in the form of binders, chemicals, adhesives, detergents, and cement. This will lead to Europe silica flour market generating a significant revenue from sodium silicate applications over the next few years.

Fiberglass is extensively used for the construction of new buildings that are required to comply with regulatory norms pertaining to environmental safety. This is primarily due to the fact that fiberglass helps minimize the heat exchange between the building interiors and exterior surroundings, thereby maintaining the optimized building temperature. Subject to the aforementioned fact, fiberglass is heavily deployed across the constructions sector, which will impel silica flour market from fiberglass applications.

Fiberglass applications accounted for more than 25% of the overall silica flour industry share in 2015 and will grow lucratively over the years ahead. This growth can be primarily attributed to the thermal insulation properties of fiberglass and its ability to enhance vehicle comfort, on grounds of which it is used across the rapidly advancing automotive and renovation sectors.

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