Specialty Silicas: Global Demand to Climb 6.3% Yearly Through 2014
Posted on June 16, 2010 at 15:08 PM EDT
Specialty silicas include fumed silica, precipitated silica, silica sol, and silica gel. According to The Freedonia Group's new report, "world demand for specialty silicas will rise 6.3 percent per year to 2.7 million metric tons in 2014." The primary market driver underlying these gains is a rise in world manufacturing activity, especially in key silica markets such as rubber, chemicals, agricultural products, and tires.
Key findings in this report:
Precipitated silica accounted for 70% of world specialty silica demand in 2009.
Precipitated silica will remain the dominant product type through 2014 and will be the fastest-growing silica product.
Rubber represents the largest market for specialty silicas and will account for 45% of total demand in 2014.
Silicas are expected to see strong gains in demand in the chemicals market as silica additives help improve product process ability and performance.
Specialty silica demand in the Asia/Pacific region will achieve fastest growth through 2014.
For more details on this information:
WORLD SPECIALTY SILICAS (Industry forecasts for 2014 & 2019) by The Freedonia Group
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