Silicon Dioxide Market
The Silicon Dioxide Market is expected to grow at a CAGR of 6.60% with a market value of USD 13,725.3 Million by the end of the forecast period. Because there is so much silicon dioxide in the world, it is mined extensively. It is made of minerals. The appearance and texture of this mineral might vary. Some varieties are transparent, while others are greyish. Silicon dioxide is a cluster of crystals with no discernible structure in its normal condition. It also has no odor and is a good conductor of electricity. Many construction firms employ it in their structures. Silicon dioxide of high quality is frequently used in the wiring of electronic device motors. This improves the conductivity of electricity in the motors. It also aids the better and faster operation of technological devices.
COVID-19 is a potentially lethal virus. It is contagious, and scientists and health experts have no way of knowing who will contract it or recover from it. In any case, businesses in a range of industries around the world suffered as a result of being obliged to either temporarily halt production or drastically reduce it. There was no exception in the silicon dioxide industry.
Based on the form, the global Silicon Dioxide Market has been segmented into Coesite, Keating, Cristobalite, Quartz, Tridymite, and Amorphous (Food and beverages, Medical, Glass and ceramics, Paints and coatings).
Based on the purity, the global Silicon Dioxide Market has been segmented into 2N – 99%, 2N5 – 99.5%, 3N – 99.9%, 3N5 – 99.95%, 4N – 99.99%, 5N – 99.999%, and Less than 99% purity.
Based on the application, the global Silicon Dioxide Market has been segmented into Adhesives and sealants, Glass and ceramics, Silicon wafers, and Building materials (Bricks, Asphalt, Concrete, Cement, Grout, Drywall, Stone, Mortar, Tile, Sand, Paints and coatings, Food and pharma additives).
Based on the end-user, the global Silicon Dioxide Market has been segmented into Chemical, Electrical and electronics, building and construction, food and beverages, and Healthcare.
Based on the region, the global Silicon Dioxide segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
In terms of silicon dioxide market share, Asia-Pacific takes the lead. The growing urbanization and industrialization of most of the countries in the region explain this. In the Asia-Pacific area, China consumes the most silicon dioxide. The European Union has the second greatest market share of silicon dioxide. The material is used in a variety of applications by many end-user industries. Electrical, electronics, and building and construction are among them. The construction and microelectronics industries are booming. The demand for silicon dioxide is increasing as a result. The main silicon dioxide consumers are expected to be Germany and France. Silica is found in most health supplements. In the European Union, they are gaining popularity. This will also increase silicon dioxide demand.
The major key players in the market are Evonik Industries AG (Germany), PPG Industries Inc (US), Cabot Corporation (US), Solvay (Belgium), American Elements (US), Wacker Chemie AG (Germany), Tokuyama Corporation (Japan), Tosoh Corporation (Japan), Gelest, Inc (US), and Aluflor AB (Sweden).