Increasing Demand for Fiberglass from Construction Industry to Boost Global Silica Flour Market
Silica flour, also known as ground silica, is made by finely grinding industrial silica sand owing to the fact that this sand comprises high silica content. The small particle size, along with the very high purity of silica in silica flour makes its utilization extremely useful in a wide range of applications. The global silica flour market is primarily fuelled by the increasing demand for fiberglass from the growing construction industry. Utilization of silica in high-temperature cementing for the industry of oil and gas will be a lucrative opportunity for the market for silica flour in the coming eight years. However, according to a number of studies, occupational exposure to silica flour may lead to a number of autoimmune diseases in human beings. This may inhibit the growth of the silica flour market in the coming years.
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Fiberglass was the Biggest Application Segment and Held Over 25% Market Share in 2014
In terms of application, the silica flour market is segmented into fiberglass, sodium silicate, additive, reinforcing filler, ceramic frits and glaze, foundry work, glass and clay production, oilwell cements, and others including pharmaceutical applications. Amongst these, in 2014, fiberglass was the biggest application segment of the silica flour market and held a share of more than 25% in the market. In addition, the segment of fiberglass is predicted to be the most swiftly developing application segment and will exhibit a CAGR of more than 6.0% from 2015 to 2023. In addition, silica flour is utilized as an additive within the industry for paints and coatings and is also used in rubber, tire, and plastics as a reinforcing filler. The use of silica flour as a filler within pharmaceutical and oil well cement applications will raise its demand in the coming years at a decent rate.
Asia Pacific Silica Flour Market Represented over 40% of Global Market
In terms of geography, the global silica flour market is segmented into Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. Amongst these, in 2014, Asia Pacific dominated the market on the basis of volume and represented over 40% of the market owing to the increasing demand for silica within the fiberglass industry in the region. In addition, Asia Pacific is also predicted to be the most swiftly developing silica flour market in the coming eight years. In Asia Pacific, India, China, and ASEAN countries are the major consumers of silica flour.
On the other hand, the Middle East and Africa market is also expected to experience substantial growth in the coming years. In North America, the silica flour market will witness a decent growth curve, while in Europe, it will experience modest growth. The market for silica flour in Latin America is predicted to grow exponentially in the coming eight years owing to the expansion of the glass, automobile, and construction industries.
Prime players operating in the silica flour market include SCR-Sibelco N.V., U.S. Silica Holdings Inc., Sil Industrial Minerals Inc., Delmon Group of Companies, Opta Minerals Inc., Saudi Emirates Pulverization Industries Company (SEPICO), Short Mountain Silica, FINETON Industrial Minerals Limited, and Al-Rushaid Group, among others.
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