High Purity Silica Market

High Purity Silica Market Outlook 2022-2032

The consumption of high-purity silica has been observed in various industries for the past few years owing to its alloy properties, and business shall be driven by North American, accounting for more than 20% global share. To satisfy the consumer’s demand, manufacturers have been delivering high-purity silica in different forms such as foil, plate, sheet, rods, ingots, pellets, billets, wires, and disks.

The high purity silica is the standard material used in nearly all semiconductors driving demand for sales of high-purity silica in the forecast duration. The automobile segment is growing in terms of products and manufacturing techniques.

The global high-purity silica market is anticipated to reach USD 1.64 Billion in 2032. The market is expected to grow with a CAGR of 6.3% in the forecast duration. High purity silica market valued at USD 0.89 Billion in 2022. North America is anticipated to hold a major share in high-purity silica in the forecast period, which is projected to be more than 20%. Manufacturers in high-purity silica are experimenting with forms such as foils, plates, disks, and rods.

This surge in the automobile segment is expected to drive the growth of high-purity silica materials. The expansion of the automobile sector has given numerous opportunities to manufacturers. This is attributed to the fact that the rubber & tire industry accounts for the noteworthy consumption of high-purity silica.

Report Attributes	Details
High Purity Silica Market size (2022 A)	USD 0.89 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 1.64 Billion
Global Market Growth rate (2022-2032 E)	CAGR of 6.3%
Key Companies Profiled	Fuso Chemical Merck Nyacol Corning Canadian Metals Inc. Heraeus Evonik Industries AG Huber Engineered Materials Akzo Nobel Nouryon

What are the Drivers of Demand in the High Purity Silica Market?

The demand for green tires is growing due to lower rolling resistance, and higher grip is anticipated to have a positive impact on the demand for high-purity silica in the manufacturing of green tires. The consumption of high-purity silica in the manufacturing of semiconductors is another having application in the electronics industry owing to mechanical planarization. The demand for semiconductors is expected to fuel the demand in the consumer electronics industry in the future.

High-purity silica in Solar panels to improve clarity

There is an increase in demand for photovoltaic grade silicon dioxide owing to rising use in microelectronics. This is used in solar panels to ensure they remain free from impurities improving optical clarity. The high-purity silica reduces the clouding effect and improves the diffusion of light by rising the roughness of the surface, providing a higher level of transparency.

What are the Restraints faced by the High Purity Silica Market?

The uncertainty of raw material prices and availability is a restraining factor for high-purity silica manufacturers. The stringent regulatory measures and reluctance of manufacturers to novel technology are other causes for deterrence in an expansion of the high-purity silica market. Companies have to pay attention to sustainability parameters and other socio-economic conditions while managing operations.

Automotive sector recovery from the pandemic is anticipated to rise demand

Automotive sales around the globe have been impacted by the COVID-19-induced slowdown. This has also had a ripple effect on the high-purity silica market since it is highly utilized in rubber tire manufacturing, as most countries are attributed toward the utilization of green tires, which is likely to give a promising stance for the manufacturers in upcoming years.

High-purity silica is also used extensively in the semiconductor and electronics industry for LED screens, computers, tablets, memory chips & memory drives, and other electrical devices. The rising demand for electronic gadgets among consumers is likely to fuel the market during the forecast period.

Segment wise analysis

The average size of high-purity silica particles is 60nm which are well dispersed and have narrow size distribution. These particles can be prepared under low-temperature conditions to provide high-frequency discharge. The particles within size 10 to 25nm have 95% content of SiO2. The high pozzolanic properties and improved dispersion rate make it applicable to concrete. Particles of size 20-50 nm and 50-130 nm are widely used owing to multiple possibilities in terms of material properties and performance.

On the basis of forms, the high-purity silica occurs in foil, sheets, rods, and plates. Foils and sheets are widely used per their thickness and sizes for various applications. Most of the time, foils of silica are produced for coating and chemical vapour deposition. These foils are used in evaporation sources and microelectronics. Hard-resistant coatings are popular applications of silica foils.

High-purity silica is used in coating and paints owing to its properties of improving resistance to wear and abrasion because of stains. The narrow size of distribution and colour that the file demands. The high purity silica is often used in coating solutions as it can replace titanium dioxide up to half the amount. The application of high-purity silica as a catalyst is expected to rise in forecast duration owing to high chemical purity and improved heat resistance in chemical reactions.

Regional Insights

The US is the leading market for high-purity silica

The US is one of the largest high-purity silica globally. The US high-purity silica sale is set to follow the same historic pattern during the assessment period. Demand is likely to remain muted in the next couple of years as the automobile sector is highly impacted by the COVID-19 pandemic.

The U.S is a prominent manufacturer and consumer of synthetic rubber. The demand for tires from the automotive sector is anticipated to fuel the demand in this region. North America region is poised to lead the global purity silica market during the assessment period since rapid industrialization has witnessed considerable demand from consumers.

Asia Pacific: An emerging giant in the high-purity silica market

Asia Pacific region holds a noteworthy market share. The consumption of high-purity silica in the automotive sector has witnessed considerable demand for green tire manufacturing in this region. Till April 2022, about 210,000 commercial vehicles were produced in China. The country’s production of passenger cars was at 996,000 for the year 2022. On a similar note, India’s car manufacturing market is expected to reach USD 54.84 Billion by 2027 from the present valuation of USD 32.70 Billion. These statistics project higher demand for automotive and high-purity silica from Asia Pacific regions during the forecast period.

This historical trend shows that the production of automotive vehicles in these countries is increasing at a significant rate and is expected to follow the same trend in the upcoming years. The demand for automotive vehicles is projected to give numerous opportunities for green tire production, which in turn is expected to fuel the demand for high-purity silica in this region.

Competitive landscape

The high-purity silica market is consolidated in nature since a large number of dominant key players are present across the world. To attain a dominant position, the companies may follow an inorganic growth strategy such as merger, expansion, acquisition, partnership, and collaboration of the companies along with a new product development strategy.

• Nyacol has produced a proprietary procedure for the NexSil brand determining ultra-high purity colloidal silica. These particles’ size is adjustable between 5nm to 100nm. These can be applied to catalyst raw materials and polishing slurries. The chromatography packing and binders require higher purity where the company is using colloidal silica.
• HPFS Fused Silica technology by Corning is having the leading capacity to play a major role in the production of edge materials. Fused forms of silica material are capable of low refractive index and homogeneity value, large size capacity, and extraordinary transmittance in the infrared region.

Key Segments

• By Particle Size

  • 10-20nm
  • 20-50nm
  • 50-130nm
  • Others

• By Form

  • Foil
  • Sheet
  • Plate
  • Pellet
  • Ingots
  • Billets
  • Wires
  • Rods
  • Disks

• By Application

  • Coating
  • Polishing
  • Catalyst
  • Mechanical Planarization
  • Others

• By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K.
    • Benelux
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia
    • India
    • Thailand
    • Malaysia
    • Indonesia
    • Rest of South Asia
  • Oceania
    • Australia
    • New Zealand
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • South Africa
    • Rest of Middle East & Africa

• Regional Segments Analysed Include

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)