Silica Market, By Application (Rubber, Construction, Agrochemicals, Oral Care, Food & Feed, and Others), and By Region, Trends, Analysis, and Forecast till 2034

Silica Market was valued at USD 53.6 Billion in 2024 and is projected to grow at a CAGR of 11.00% to reach USD 139.1 Billion by 2034.

Silica provides higher abrasion resistance, tensile strength, and flex fatigue properties to rubber products. It is widely used in tire applications, owing to its ability to improve the bond and tear resistance between rubber tires and metallic reinforcements. Specialty Silica consist of five basic types silica which includes precipitated silica, fused silica, fumed silica, silica gel and colloidal silica which are extensively used in end user industries such as rubber, agriculture, paints & coatings, electronic components, personal care & cosmetics and others. 

Increasing Demand from the Rubber Industry

Silica is majorly used in the tire production owing to its extremely high purity and low moisture absorption. It brings superior electrical properties to rubber products. Silica has excellent reinforcing effects especially enhancing the tear resistance. Additionally, silica is commonly used in Liquid Silicone Rubber (LSR) and High Temperature Vulcanized (HTV) rubber that requires high mechanical strength and good electrical insulation. In industrial rubber goods, silica is used for reducing hysteresis loss in conveyor belts or as active filler in colored rubber particles or in products with good contact. It is also employed as a drying agent in protecting a wide variety of products during shipment and storage. Furthermore, increasing demand for paints & coatings and rubber from the construction and automotive industry is expected to drive the demand for precipitated silica as a raw material during the forecast period. Personal care & cosmetics industry is projected to be the fastest growing industry in the global participated silica market. The growth of personal care and cosmetics segment can be attributed to rising disposable income, changing the demographic trend, increasing middle-class population, and rapid urbanization.

Conversely, high cost of colloidal silica and availability of low cost substitutes will hamper the target market growth. Specialty silica shows cyclical behavior. So, low cost substitute will affect the continuity of profit margin and revenue generation which is a major challenge for manufacturers in specialty silica.

The silica market is segmented based on the application, and region.

On the basis of the application, the global silica market is segmented into rubber, construction, agrochemicals, oral care, food & feed, and others.

Regional Insights

In the region, the silica market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the global market in 2018, accounting for 49.2% of the total volume owing to massive industrialization, increased construction spending, and increasing consumption of automobiles in the region. According to the International Organization of Motor Vehicle Manufacturers (OICA), Asia Pacific is the largest producer of motor vehicles. The growing automotive industry, coupled with the recovery of the construction sector in Central and South America, is predicted to have a positive impact on the silica market. Significant new investments by governments in the housing and public sector are predicted to propel the production of paints and coatings and sealants. This is estimated to drive the regional market. North America acquired a revenue share of 22.7% in 2018. The expanding construction sector in the region is expected to drive demand for silica in applications such as concrete, paints and coatings, and adhesives and sealants. Rising demand for tires is significantly driving rubber applications in the U.S. Europe is one of the largest consumers of agrochemicals due to the high production and export of food grains. These factors are anticipated to boost demand for silica in the European agrochemical industry. In Europe various initiatives are being taken to promote the use of eco-friendly materials in paints and coatings, thereby augmenting product demand.

Silica Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.  For the purpose of this study, has segmented the global silica market report based on application, and region.

 Silica Market, By Application:

• Rubber
• Construction
• Agrochemicals
• Oral Care
• Food & Feed
• Others

Silica Market, By Region:

• North America
  • • U.S.
    • Canada
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa

The key players operating in the global silica market include Evonik Industries, PPG Industries, Wacker Chemie AG, AkzoNobel N.V., Tosoh Corporation, Cabot Corporation, Solvay SA, Nouryon, Imerys S.A, and Kemira Oyj. The prominent players are constantly involved in the development of new or combination of product. Investment in R&D is one of the planned measures to beat the competition. For instance, in September 2018, Evonik Industries announced that it is planning to expand capacities for the production of hydrophobic fumed silica in Rheinfelden, Germany to expand its silica business for specialty applications.

• Evonik Industries
• PPG Industries
• Wacker Chemie AG
• AkzoNobel N.V.
• Tosoh Corporation
• Cabot Corporation
• Solvay SA
• Nouryon
• Imerys S.A
• Kemira Oyj