Global Green Silica Market size was valued at USD 51.8 Billion in 2023 and is expected to reach USD 180.6 Billion by 2032, at a CAGR of 9.8% during the forecast period 2023 – 2032.
Green Silica Market: Overview
Green silica, referred to as environmentally friendly silica processes obtained from renewable resources. Silica is a naturally occurring chemical that exists in a variety of forms, including quartz, sand, and glass. It has a variety of applications, including reinforcing filler in rubber goods, abrasive in toothpaste, a component in electrical devices, and an adhesive in concrete and coatings.
Growing emphasis on sustainability across businesses is generating demand for environmentally friendly products such as green silica. Furthermore, strict environmental rules and standards are motivating firms to adopt sustainable methods and products, hence increasing the demand for green silica.
Third, technical improvements are allowing the creation of unique green silica products with improved performance properties, broadening their applicability beyond traditional usage. Moreover, awareness among consumers and preferences for environmentally friendly goods are driving market expansion as more people value sustainability in their purchase decisions.
In addition, increased investment in R&D is accelerating the identification of novel green silica manufacturing techniques and uses, opening the path for sustained global market expansion and acceptance.
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By type, the highly dispersible silica segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Highly dispersible silica (HDS) leads the green silica industry by providing environmentally friendly solutions for a variety of sectors. Its capacity to improve efficiency while lowering environmental impact, notably in tyre and coating applications, makes it an appealing option for sustainable development.
By application, the tyres segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Tyres drive the Green Silica industry since they are a key silica user, improving fuel economy and lowering carbon emissions. Green silica-enhanced tyres have a decreased rolling resistance, which helps to reduce transportation emissions.
Asia-Pacific dominates the Green Silica market due to rapid industrialization, growing environmental concerns, government programs supporting sustainability, and the region’s status as a manufacturing hub.
Nissan Chemical is a prominent producer of colloidal silica and colloidal electro-conductive oxide solutions, creating and providing goods. ORGANOSILICASOL™ contains monodispersed colloidal silica in an organic solvent. It is utilized to considerably increase scratch, chip, and mar resistance in coatings for plastics, films, and paints, among other uses.
CMI has comprehensively analyzed the Global Green Silica market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Green Silica industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Green Silica Market:
- Evonik Industries AG
- PPG Industries, Inc.
- Solvay SA
- Cabot Corporation
- Wacker Chemie AG
- Tokuyama Corporation
- Huber Engineered Materials
- Qingdao Haiyang Chemical Co., Ltd.
- Tosoh Corporation
- Akzo Nobel N.V.
- Ecolab Inc.
- Imerys SA
- Anten Chemical Co., Ltd.
- Grace Silica (Suzhou) Co., Ltd.
- Nissan Chemical Corporation
- Shandong Jinneng Science and Technology Co., Ltd.
- Madhu Silica Pvt. Ltd.
- Silicycle
- Fuji Silysia Chemical Ltd.
- R. Grace & Co.
- Others
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