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Silica Flour Market worth $684 million by 2026 | Key players Sibelco Group (Belgium), U.S. Silica Holdings, Inc. (US), Sil Industrial Minerals (Canada), Adwan Chemical Industries Company (Saudi Arabia).

02-20-2024 08:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Silica Flour Market, Silica Flour, Flour Market, APAC Silica Flour Market, Europe Silica Flour Market

Silica Flour Market, Silica Flour, Flour Market, APAC Silica Flour Market, Europe Silica Flour Market

According to recent market research the "Silica Flour Market by Type (Quartz, Cristobalite), End Use (Fiberglass, Foundry, Glass & Clay, Ceramic & Refractory, Oil Well Cement) and Region (North America, APAC, Europe, South America, Middle East & Africa) - Global Forecast to 2026" The global silica flour market size is projected to grow from USD 563 million in 2021 to USD 684 million by 2026, at a CAGR of 3.9% from 2021 to 2026. The market is projected to grow in accordance with the increase in the demand for silica flour for numerous applications, particularly for fiberglass and glass & clay production across the globe. Furthermore, the silica flour market has witnessed a significant increase in demand, owing to its demand as a good refractory material, across various end use industries.

Browse 154 market data Tables and 41 Figures spread through 166 Pages and in-depth TOC on "Silica Flour Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/silica-flour-market-208205821.html

Quartz, by type, accounted for the largest market share in the silica flour market. Quartz silica, often called quartz sand, white sand, industrial sand, and silica sand includes sand with high silicon dioxide (SiO2) content. It is a hard, crystalline mineral that consists of silicon and oxygen atoms. Quartz is estimated to be the largest segment in the silica flour market in 2020. Quartz is extensively used in the production of paints, cosmetics, fiberglass, silicone rubber, and ceramic and in oil well cementing. The hardness, high density, and high chemical resistance offered by quartz flour are likely to contribute to the growth of this segment during the forecast period.

Fiberglass, by end use, accounted for the greatest demand for silica flour in 2020, in terms of value and volume. Fiberglass is a fiber-reinforced plastic in which the reinforcement material is a glass fiber. Properties such as high strength and low weight make fiberglass preferable for use in composite and insulation applications in the construction, automotive, and wind energy industries. The growth of this segment can be attributed to the keen interest of contractors and builders to use silica flour to produce fiberglass for construction activities (as a construction and insulation material), especially in the emerging economies of APAC and South America.

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The North American region is projected to lead the silica flour market in terms of both value and volume from 2021 to 2026. North America has witnessed a substantial upsurge in the tire industry due to the presence of automobile giants, such as General Motors and Ford Company. The growing tire industry has increased the consumption of silica flour as a reinforcing filler in this region. Additionally, the use of glass and silica flour for renewable energy resource applications such as solar cells and wind turbines has accelerated the growth of the silica flour market in the region.

Sibelco Group (Belgium), U.S. Silica Holdings, Inc. (US), Sil Industrial Minerals (Canada), Adwan Chemical Industries Company (Saudi Arabia), International Silica Industries Co. (Jordan), Hoben International Limited (UK), Premier Silica LLC (US), Knouz (Egypt), and AGSCO Corporation (US), amongst others, are the key players operating in the silica flour market.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=208205821

Sibelco Group is a global material solutions company engaged in the sourcing, transformation, and distribution of specialty industrial minerals-particularly silica, clays, feldspathics, and olivine. The company serves various industries, such as glass, ceramics, construction, coatings, polymers, and water purification. It has 195 production sites & 20 technical centers, with operations in 34 countries across the globe. The has a strong presence across the North American, South American, Asia Pacific, and European regions.

U.S. Silica Holdings, Inc. is one of the leading manufacturers of commercial silica used in the oil and gas industry. The company offers a range of silica products to be used in a wide range of industrial applications. With its wide experience, the company has developed core competencies in mining, processing, logistics, and materials science. It offers ground silica and fine ground silica products through its Industrial & Specialty Products segment. The company has 23 production plants in the US and a strong customer base across the North American region.

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