Silicon Dioxide Market 2020- Share, Properties by Applications 2020 to 2023
Posted by Mangesh Mahajan on March 27th, 2020
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 Market 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, disintegrate, 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.
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.
Silicon Dioxide Market is segmented based on 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.
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About the AuthorMangesh Mahajan
Joined: July 17th, 2019
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