Silica Flour Market Size to Surpass US$ 684 Million by 2026| Report by MarketsandMarkets™
Silica flour is a finely ground, quartz-based silica sand with high purity (greater than 95%). It is a fine powder that is used as a filler in paints, plastics, rubber, and adhesives, as a filter for water, air, and oil, and as an abrasive for polishing and cleaning. The use of silica flour in a variety of industries and products, such as fiberglass, ceramics, glass, and electronics, drives demand. Silicon carbide, which is used in many industrial applications such as abrasives, refractories, and heat-resistant ceramics, is also made from silica flour.
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The global silica flour market size is projected to grow from USD 563 million in 2021 to USD 684 million by 2026, at a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast year. Silica flour is a natural, milled, crystalline silica used in a range of applications, such as foundry, ceramic, rubber, paints & glass, and abrasive soaps & powders. It is obtained by the purification of quartz and is a finely ground form of crystalline silica.
The North American region is projected to lead the silica flour market in terms of both value and volume from 2021 to 2026. North America has witnessed a substantial upsurge in the tire industry due to the presence of automobile giants, such as General Motors and Ford Company. The growing tire industry has increased the consumption of silica flour as a reinforcing filler in this region. Additionally, the use of glass and silica flour for renewable energy resource applications such as solar cells and wind turbines has accelerated the growth of the silica flour market in the region.
The silica flour market has thousands of companies which thrive in their domestic market. A few of the major players are, US Silica Holdings, Inc. (US), Sibelco Group (Belgium), Adwan Chemical Industries Company (Saudi Arabia), Sil Industrial Minerals (Canada), and AGSCO Corporation (US), among others. These players have adopted various growth strategies, to increase their market shares and enhance their product portfolios.
Sibelco Group is a global material solutions company engaged in the sourcing, transformation, and distribution of specialty industrial minerals–particularly silica, clays, feldspathics, and olivine. The company serves various industries, such as glass, ceramics, construction, coatings, polymers, and water purification. It has 195 production sites & 20 technical centers, with operations in 34 countries across the globe. The has a strong presence across the North American, South American, Asia Pacific, and European regions.
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U.S. Silica Holdings, Inc. is one of the leading manufacturers of commercial silica used in the oil and gas industry. The company offers a range of silica products to be used in a wide range of industrial applications. With its wide experience, the company has developed core competencies in mining, processing, logistics, and materials science. It offers ground silica and fine ground silica products through its Industrial & Specialty Products segment. The company has 23 production plants in the US and a strong customer base across the North American region.
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