Silicon Dioxide (SiO2) Market Segmentation by Form (Amorphous, Quartz, Crystalline, Cristobalite, and Tridymite); by Source (Natural, and Synthetic); by Application (Adhesives & Sealants, Food Additives, Composites, Coatings, Greases, and Printing & Packaging); and by End Users (Electrical, Food & Beverage, Chemical, and Pharmaceuticals)-Global Demand Analysis & Opportunity Outlook 2031

Global Silicon Dioxide (SiO₂) Market Highlights Over 2022 - 2031

The global silicon dioxide (SiO₂) market catered an approximate revenue figure of USD 8.35 billion in the year 2021 and is estimated to grow at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the natural availability of silicon dioxide (SiO₂), along with its remarkable properties such as anti-caking and high-temperature stability. Additionally, the nature of silicon towards protection against diffusion of dopants, i.e., a process used for controlling impurities into a material to change it's electrical, optical or structural properties, is also expected to add in to the market growth in the coming years. Besides, growing adoption of solar panels, and the increasing manufacturing of health supplements are certain factors anticipated to drive the market growth. Furthermore, the rising demand for silicon dioxide (SiO₂) in the construction industry and electronic industry are considered to add to the market growth. As per the statistics sourced from the U.S Geological Survey (USGS), the worldwide production of silicon materials in the year 2020, accounted for nearly to 8000 thousand metric tons.

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Silicon dioxide (SiO₂), also referred to as silica, is a natural compound that consists of two materials procured from the earth’s crust, i.e., silicon (Si) and oxygen (O₂). It is naturally sourced from water, plants, animals, and from the earth’s crust, wherein, the earth's crust alone accounts for 59% of the total available silica. Silicon dioxide (SiO₂) is a translucent, shapeless solid, with no fragrance. Silicon dioxide (SiO₂) is used in the construction of industry as a building material, microelectronics, fiber optics, and solar panels.

The global silicon dioxide (SiO₂) market is segmented by form, source, application, and by end-users. On the basis of form, the market is further segmented into amorphous, quartz, crystalline, cristobalite, and tridymite. The amorphous segment held the major market share in the year 2021 and is estimated to continue growing at a modest CAGR during the forecast period. The growth of the segment can be associated with the wide applications of amorphous silicon across industries such as paints & coatings, and glass & ceramics, among others. As a result of its mechanical resistance, high dielectric strength, and selectivity for chemical modification, amorphous silica is used as a key material in microelectronics and chromatograph which is anticipated to drive the growth of the segment furthermore.

Global Silicon Dioxide (SiO₂) Market Regional Synopsis

Regionally, the global silicon dioxide (SiO₂) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America witnessed modest growth in the year 2021, on the back of technological development and increasing use of silicon dioxide (SiO₂) among industries. Alternatively, the market in the Asia Pacific is estimated to grow at a significant CAGR over the forecast period. The growth of the market can be attributed to the availability of resources and investment platforms, along with the growing industrialization & development in the region. Additionally, the proper maintenance of buildings and development in microelectronics industry are certain factors that are anticipated to show growth in the market. According to the U.S Geological Survey (USGS), in the Asia Pacific region, China accounted to an approximate of 68% of the global estimated production of silicon material in the year 2020.

Market Segmentation

Our in-depth analysis of the global silicon dioxide (SiO₂) market includes the following segments:

By Form

• Amorphous

• Quartz

• Crystalline

• Cristobalite

• Tridymite

By Source

• Natural

• Synthetic

By Application

• Adhesives & Sealants

• Food Additives

• Composites

• Coatings

• Greases

• Printing & Packaging

By End Users

• Electrical

• Food & Beverage

• Chemical

• Pharmaceuticals 

Growth Drivers and Challenges Impacting the Growth of the Global Silicon Dioxide (SiO₂) Market

Growth Drivers

• Easy availability of silicon dioxide (SiO₂) in nature

• Increasing adoption of solar panels

• Rising demand for silica in the construction industry

Challenges

• Concern for respiratory diseases caused by silica

• Availability of silica substitutes  

Key Companies Dominating the Global Silicon Dioxide (SiO₂) Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global silicon dioxide (SiO₂) market that are included in our report are American Elements, Tosoh Corporation, Merck KGaA, Tokuyama Corporation, Evonik Industries AG, GOLOVACH QUARTZ, Short Mountain Silica (Thiele Kaolin Company), Wacker Chemie AG, CABOT CORPORATION, Kurt J. Lesker Company, and others.

Latest Developments in the Global Silicon Dioxide (SiO₂) Market:

• 25 January 2022: Evonik announced the launch of new generation plasticizer named as “ELATUR DINCD”. The aim of the product is to ease the process of interior and exterior applications such as floor covering and textile fabrics among others. It is a combination of low temperature flexibility and high UV resistance.

• 07 February 2022: Wacker, a Munich-based company, received IATF certification for its silicone business in the field of electromobility. The company is allowed to directly supply developed silicone products to automobile manufacturers.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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