Global Silica Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

Global Silica Market Growth

In 2024, the construction sector demonstrated strong growth, as indicated by a 10% growth in nominal value added and a 12% rise in gross output. Construction expenditures surpassed USD 2 trillion, maintaining a steady course during the first half of the year. Silica plays a vital role in the construction sector, serving as a fundamental component in cement, concrete, and mortar, which contributes to the strength, durability, and wear resistance of structures. Additionally, it is indispensable in the manufacturing of glass, utilised in windows, doors, and facades, fulfilling both functional and aesthetic purposes. Furthermore, silica is integrated into paints, coatings, and sealants to improve durability, weather resistance, and adhesion, thereby promoting the longevity and quality of construction projects.

As per the silica market analysis, each year, approximately 359 billion cubic meters of wastewater are generated worldwide, with over 50% of this volume undergoing treatment. Silica is extensively utilised in wastewater treatment due to its effectiveness as a filtration medium. The granular composition of silica facilitates the capture of impurities, sediments, and microorganisms, thereby enhancing the clarity and quality of water. Furthermore, silica contributes to the reduction of turbidity and the elimination of heavy metals. Its chemical stability and resistance to clogging render it an optimal selection for industrial, municipal, and drinking water treatment processes.

Key Trends and Developments

Global Silica Market Trends

A major factor contributing to the silica market expansion is the increasing demand for silica from the construction and infrastructure sectors, as it plays a crucial role in the production of concrete and glass. Notably, the glass sector is experiencing heightened demand due to its applications in the automotive, electronics, and solar energy sectors. Furthermore, the oil and gas sector remains a significant consumer, particularly in hydraulic fracturing processes where silica is utilised as a proppant. In addition, environmental regulations are prompting companies to pursue sustainable alternatives, thereby steering the market towards eco-friendly, low-dust silica products. Technological innovations in silica purification and production are also broadening their applications across various sectors, including water treatment, electronics, and industrial manufacturing.

Global Silica Industry Segmentation

Global Silica Market Share

Based on the end user industry, the market is segmented into building and construction, shale oil and gas, glass manufacturing, and water treatment, among others. The glass manufacturing segment is projected to grow at a CAGR of 13.6% during the forecast period of 2024-2032. Silica serves as an essential component in the production of glass, contributing both to its strength and clarity. It functions as a fundamental raw material in the creation of diverse glass varieties, such as container glass, flat glass, and speciality glass.

Leading Companies in the Global Silica Market

Market players are focusing on sustainable production methods to gain a competitive edge in the market.

Evonik Industries AG

Established in 2007 and based in Essen, Germany, Evonik focuses on speciality chemicals, delivering solutions across various sectors, including healthcare, nutrition, and consumer products. The company is renowned for its advancements in high-performance materials and environmentally friendly chemical offerings.

PPG Industries, Inc.

Founded in 1883 and located in Pittsburgh, Pennsylvania, PPG Industries stands as a global frontrunner in pain...

Wacker Chemie AG

Founded in 1914 and headquartered in Munich, Germany, Wacker Chemie manufactures chemicals and polymers, suppl...

Cabot Corporation

Established in 1882 and situated in Boston, Massachusetts, Cabot Corporation specialises in speciality chemica...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major players in the silica market are MLA Group of Industries, Oriental Silicas Corporation, Nissan Chemical Corporation, Imersys S.A., Standard Industries Inc., and Mitsubishi Chemical Group Corporation, among others.