Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global High Purity Silica market. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2018, and key prospects over the forecast period 2018 – 2027.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the High Purity Silica market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the High Purity Silica market.
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After reading the High Purity Silica market report, readers get insight into:
The High Purity Silica market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
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Demand for High Purity Silica from Industrial Rubber and Tire Industry Growing
High purity silica is gaining rapid acceptance from the industrial rubber and tire industry. It is being largely used to manufacture green tires that differ from conventional tires in terms of higher grip and low rolling resistance. Low rolling resistance offers reduced fuel consumption thus saving money and protecting environment by lowering the CO2 emissions. This has spurred the demand for high purity silica in rubber and tire sector. This factor is also supported by the fact that governments across regions are focusing on reducing the greenhouse emissions by enhancing fuel consumption of vehicles.
With the growth in the rubber industry in the United States, the region continues to remain a major consumer of tires as well as a huge producer of synthetic rubber. 2018 is expected to be an opportunistic year for the economy of United States. The demand for tires from the automotive sector in the United States is expected to fuel the use of high purity silica in this region. Albeit a maturity in the US automotive sector, this industry is expected to present potential opportunities for the high purity silica market.
In emerging economies, the demand of high purity silica in the automotive sector, for production of green tires is expected to soar at high pace. In 2016, the automobile production (passenger cars) in China was around 24,420,744 units and in 2017 it reached 24,806,687. Likewise, in India, the number of passenger cars in 2017 recorded a volume production of about 3,952,550 from an initial volume of 3,677,605 in 2016. This trend shows that the production of passenger as well as commercial vehicles in these countries is increasing at a steady pace and is expected to continue with this trend in the coming years. This has presented significant opportunity for tire manufacturers to develop green tires, which in turn is expected to trigger the sale of high purity silica in these countries. Moreover, in India, the demand for tires is expected to increase by 7 to 8 percent during 2018-2019 timeline, which is expected to aid the growth of the global high purity silica market.
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The global High Purity Silica market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
Some important questions that the High Purity Silica market report tries to answer exhaustively are:
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