Silica Flour Market Size to Hit USD 502.6 Million by 2027; Rising Utilization of Ceramics amid Rising Construction Activities to Stoke Market Growth, Says Fortune Business Insights™

Top companies covered are U.S. Silica Holdings, Inc. (U.S.), Sibelco (Belgium), AGSCO Corporation (U.S.), Fineton Industrial Minerals Limited (Hong Kong), Sil Industrial Minerals (Canada), Hoben International Ltd. (UK), Adwan Chemical Industries Co. Ltd. (Saudi Arabia), Capital Sand Company (U.S.), Finore Minerals LLP (India), Euroquarz GmbH (Germany), Al Salam Al Ma’asi Co. (Saudi Arabia), Delmon Group (Saudi Arabia), and other key players profiled in silica flour market research report

Pune, India, March 14, 2021 (GLOBE NEWSWIRE) -- The global silica flour market size is projected to reach USD 502.6 million by 2027, exhibiting a CAGR of 3.5% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Silica Flour Market, 2020-2027”. As per the report, the value of the market stood at USD 397.5 million in 2019.

Silica is one of the primary ingredients used to produce paint and related products. The properties offered by the substance, such as chemical inertness, acid resistance, abrasiveness, and heat resistance, make it a highly desirable material in the paints & coatings industry. Flourishing growth in the paints & coatings industry is estimated to bolster the demand for silica flour. For instance, According to the National Industrial Sand Association, the production of paints & coatings in the U.S. reaches nearly 5 billion liters per year. As per the association, the industry will register 6.3% growth during the study period.


Market Segmentation

The market is segregated on the basis of application and geography. Based on application, the market is segmented into paints & coatings, polymers, glass, and ceramics (sanitary ware, tiles, and others). The paints & coatings segment is expected to hold a major silica flour market share during the forecast period. In terms of the region, the market has been clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.


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What Does the Report Offer?

The report provides a detailed analysis of the key market aspects, namely, the dominant companies, end-users, and leading product types. Apart from this, the report contains tangible insights into the current & upcoming market trends and highlights prominent industry developments. In addition to these factors, the report supplies a holistic understanding of the main drivers, restraints, and segments that are contributing to the growth of the market.