Green Silica Market: Introduction
Transparency Market Research delivers key insights on the global green silica market. In terms of revenue, the global green silica market is estimated to expand at a CAGR of 7.4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global green silica market.
The global green silica market is broadly affected by several factors, including increase in usage of silica in various end-use industries such as automotive, paints coatings, plastic packaging, food beverages, and personal care cosmetics. Rise in environmental concerns; implementation of stringent government regulations; and increase in adoption of greener substitutes are expected to be the primary drivers of the global green silica market.
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Green Silica Market: Major Players
The global green silica market is consolidated, with the presence of key players. Prominent players operating in the global green silica market include Brisil, ORYZASIL, Novosilgreen, Green Silica Group, BSB Nanotechnology Joint Stock Company, Amyris, Inc, Usher Agro Limited, Refratechnik, Agrilectric Power, and Wadham Energy Limited Partnership.
Green Silica Market: Dynamics
Countries across the globe are taking significant steps to move the current fossil-based economy to a more sustainable bio-based economy, owing to increase in global warming and threats regarding environmental issues. The shift to a bio-based economy is expected to result in an environmentally, economically, and socially sustainable global economy.
Green silica, a substitute to conventional silica, is produced by using various sources that include rice husk ash, sugarcane bagasse ash, and bamboo leaf. Rice husk ash is a key raw material that provides distinct properties to silica, resulting in better performance of products. Rice husk is produced after the milling of rice. It contains approximately 80%–90% of silica. The rate of recovery of silica from rice husk ash is 90%–95% if the conversion efficiency is more than 70%. Thus, rice husk ash is one of the economical feedstock that can be used for silica production.
The development of bio-based products is the new trend in the market. These materials are likely to address environmental issues associated with the chemical industry. This is projected to drive the green silica market.
Green Silica Market: Prominent Regions
Asia Pacific holds major share of the global green silica market. The market in the region is anticipated to expand at a CAGR of more than 8.1% during the forecast period. Increase in demand for green silica in various end-use industries such as automotive tire production, industrial rubber, cosmetics personal care, and paints coatings in Asia Pacific is driving the green silica market in the region. China is a key country in the Asia Pacific green silica market. It held a significant share of the green silica market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Europe also held large share of the global green silica market in 2020. Germany led the green silica market in Europe in 2020. The expansion of the automotive industry in Germany is driving the green silica market in the region.
- North America
- Latin America
- Asia Pacific
- Middle East Africa
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Global Green Silica Market: Segmentation
Green Silica Market, by Form
Green Silica Market, by Source
- Rice Husk Ash
- Sugarcane Bagasse Ash
- Bamboo Leaf
- Others (including Bamboo Culm and Banana Peel)
Green Silica Market, by Type
- Highly Dispersible Silica (HDS)
- Easily Dispersible Silica (EDS)
Green Silica Market, by Application
- Consumer Goods
- Industrial Rubber
- Food Products
- Paints, Coatings, and Inks
- Plastic Films
- Others (including Oral Care Products)
Green Silica Market, by End-use
- Paints Coatings
- Plastic Packaging
- Personal Care
- Food Beverages
- Others (including Construction and Cosmetics)
Tires Application Segment Dominates Global Green Silica Market
Based on application, the tires segment dominated the global green silica market in 2020. This can be primarily ascribed to the increase in demand for green silica in automotive tire production across the globe. Silica has become a key filler for the tire industry due to its various beneficial properties. This is augmenting the demand for green silica, thereby driving the global green silica market.
Rise in Demand for Green Silica in Automobile Tire Production: Key Driver of Global Green Silica Market
- Growth in urbanization and rise in disposable income of consumers have contributed to the rise in demand for automobiles. The automotive industry is expanding consistently. Demand for automobiles is increasing at a rapid pace.
- Silica has become a key filler for the automotive tire industry due to its various beneficial properties. Silica improves physical dynamic properties in tires such as tensile strength, abrasion resistance, tear resistance, and wet grip.
- Silica is perceived by the tire industry as a material that can address the environment challenges associated with tire production and replace carbon black
Relevant Reports Publish by TMR
Pharmaceutical Packaging Market: https://www.einpresswire.com/article/578086795/pharmaceutical-packaging-market-to-reach-valuation-of-us-148-4-bn-by-2031
Waterproofing Membranes Market: https://www.transparencymarketresearch.com/waterproofing-membrane-market.html
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