Silicon dioxide
is not only one of the most commonly occurring minerals but it is also one of
the minerals that has found application in industries as varying as food and
beverages and construction. With a CAGR of 6.6%, silicon dioxide market size is
expected to surpass USD 13,725.3 million by 2030.
Silicon dioxide
is a natural chemical mix of silicon and oxygen that has uses in many food
products as an anticaking agent. Silicon dioxide is generally safe as a food
additive, though some agencies are calling for stricter guidelines about the
quality and characteristics of the silicon dioxide found in foods.
In the
pharmaceutical industry, silicon dioxide (also known as colloidal silicon
dioxide) has many uses in tablet-making, including as an anti-caking agent,
adsorbent, disintegrant, or glidant to allow powder to flow freely when tablets
are processed. These compounds appear to be biologically inert. Silicon dioxide
is generally recognized as safe by the FDA.
Manufacturers
use silica to make everything from glass to cement, but it also has a use in
the food industry as an additive and anticaking agent. This type of food
additive prevents foods from caking or sticking together in clumps. This may
help ensure a product's shelf life, protect against the effects of moisture, and
keep powdered ingredients from sticking together and helping them flow
smoothly.
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Competitive Overview:
Silicon dioxide
market players comprise some of the biggest names in the chemicals industry as
well as companies that focus specifically on silicon production. Evonik
Industries AG, Solvay PPG Industries, Wacker Chemie AG, Gelest, Inc, Cabot
Corporation, Aluflor AB, American Elements, Tosoh Corporation, Tokuyama
Corporation are some of the giants in the silicon dioxide industry.
Segmentation:
Silicon
dioxide market is segmented on the basis of purity, form, application and
end-use industry.
According to
purity, less than 99% pure silicon dioxide segment witnessed the largest
market share in 2018 due to the expansion of the building & construction
industry and the immense demand for the less pure silicon for application in
construction activities. Over the forecast period, less
than 99% purity segment is anticipated to register a CAGR of nearly
6%.
According to
form silicon dioxide market is classified as amorphous, quartz, keatite,
coesite, cristobalite, tridymite. Among these, amorphous silicon dioxide market
share was at the highest at 45% in 2018, a trend that is expected to continue
over the forecast period as amorphous silicon dioxide find immense demand from
its application in food & beverages, glass & ceramics, paints &
coatings, pharmaceuticals etc. The quartz segment has however been credited
with the largest market share by volume in 2018.
Application wise
silicon dioxide market segmentation includes glass & ceramics, building
materials, silicon wafers, adhesives & sealants, paints & coatings,
food & pharmaceutical additives. Among these the building material segment
was the largest application segment in 2018 and is anticipated to register a
5.5% CAGR over the review period.
Silicon dioxide
market according to end-use industry comprises building & construction,
healthcare, electrical & electronics, chemical and food & beverages, of
which building & construction segment held a market share of approximately 35%
in 2018.
Regional Analysis:
Geographically,
silicon dioxide market has been segmented into Asia-Pacific, North America,
Europe, Latin America, and the Middle East & Africa.
Due to an
expanding building and construction industry, the silicon dioxide market in
Asia Pacific has witnessed massive growth. In 2018, silicon dioxide market
share in the region was estimated to be around 48% and is expected to register
a CAGR of nearly 7% over the forecast period.
Europe silicon
dioxide market is also expected to grow exponentially over the coming years and
register a 5% CAGR over the review period. An expanding microelectronics
industry as well as increasing building renovation activities will create a
potent market for silicon dioxide products in the region. Germany and France
are countries in the region that are anticipated to contribute substantially
towards the market growth in Europe.
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Industry News:
The uses of
silicon dioxide are varied and widespread. Recently, ripples were caused in the
silicon dioxide market as researchers at the Case Western Reserve University
demonstrated that buildings can be protected from wildfires with a blanket made
of amorphous silica fabrics laminated with aluminum foil.
The incidence of
wildfires is becoming more common in California as well as the world over.
Megafires are being predicted in the coming years and residents have been
seeking means to protect properties from the clutches of such fires. Draping
buildings with flame-retardant blanket was a technology that was developed
during World War II and seems to have found renewed application in the present
scenario. Though the blanket might not be a foolproof solution in the face of
wildfires that can rage on for days, its can definitely keep fires spreading
from house to house and thus keep it from spreading.
NOTE: Our
Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
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