Growth in the cosmetic industry to drive the demand for silica flour

July 28 17:35 2021
Growth in the cosmetic industry to drive the demand for silica flour

Browse 154 market data Tables and 41 Figures spread through 166 Pages and in-depth TOC on “Silica Flour Market”
Silica Flour Market by Type (Quartz, Cristobalite), End Use (Fiberglass, Foundry, Glass & Clay, Ceramic & Refractory, Oil Well Cement) and Region (North America, APAC, Europe, South America, Middle East & Africa)

The global silica flour market size is projected to grow from USD 563 million in 2021 to USD 684 million by 2026, at a CAGR of 3.94% from 2021 to 2026. The silica flour market is expected to witness moderate growth in the coming years due to its increased demand across the construction, fiberglass, foundry, oil well cementing, and cosmetics industries.

Silica flour is used in cosmetics as a natural absorbent. Skin products have gained the attention of the masses in recent times, and people of all age groups use them. Since most skin products are manufactured using silica flour, the demand for silica flour has increased globally in recent years. According to Cosmetics Europe (The Personal Care Association), the cosmetic industry was valued at EUR 79.8 billion at a retail sales price in 2019, and the European cosmetics and personal care market is the largest in the world. Globally, the economic development in emerging countries has further increased the utilization of cosmetic products, as consumers have more disposable income. This growth in demand for cosmetic products will, in turn, drive the demand for silica flour for application in skincare products.

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In terms of value & volume, quartz is estimated to lead the silica flour market in 2020.

Quartz, by type, accounted for the largest market share in the silica flour market. Quartz silica, often called quartz sand, white sand, industrial sand, and silica sand includes sand with high silicon dioxide (SiO2) content. It is a hard, crystalline mineral that consists of silicon and oxygen atoms. Quartz is estimated to be the largest segment in the silica flour market in 2020. Quartz is extensively used in the production of paints, cosmetics, fiberglass, silicone rubber, and ceramic and in oil well cementing. The hardness, high density, and high chemical resistance offered by quartz flour are likely to contribute to the growth of this segment during the forecast period.

The North American region is projected to account for the largest share in the silica flour market during the forecast period.

The North American region is projected to lead the silica flour market in terms of both value and volume from 2021 to 2026. North America has witnessed a substantial upsurge in the tire industry due to the presence of automobile giants, such as General Motors and Ford Company. The growing tire industry has increased the consumption of silica flour as a reinforcing filler in this region. Additionally, the use of glass and silica flour for renewable energy resource applications such as solar cells and wind turbines has accelerated the growth of the silica flour market in the region.

Sibelco Group (Belgium), U.S. Silica Holdings, Inc. (US), Sil Industrial Minerals (Canada), Adwan Chemical Industries Company (Saudi Arabia), International Silica Industries Co. (Jordan), Hoben International Limited (UK), Premier Silica LLC (US), Knouz (Egypt), and AGSCO Corporation (US), amongst others, are the key players operating in the silica flour market.

Sibelco Group (Belgium) is a global material solutions company engaged in the sourcing, transformation, and distribution of specialty industrial minerals–particularly silica, clays, feldspathics, and olivine. The company serves various industries, such as glass, ceramics, construction, coatings, polymers, and water purification. It has 195 production sites & 20 technical centers, with operations in 34 countries across the globe. The has a strong presence across the North American, South American, Asia Pacific, and European regions.

U.S. Silica Holdings, Inc. (US) is one of the leading manufacturers of commercial silica used in the oil and gas industry. The company offers a range of silica products to be used in a wide range of industrial applications. With its wide experience, the company has developed core competencies in mining, processing, logistics, and materials science. It offers ground silica and fine ground silica products through its Industrial & Specialty Products segment. The company has 23 production plants in the US and a strong customer base across the North American region.

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