Global Silicon Dioxide Market Size, Share, and COVID-19 Impact Analysis, By Form (Amorphous, Quartz, Crystalline, Cristobalite, and Tridymite), By Application (Adhesives and Sealants, Food Additives, Composites, Coatings, Greases, Printing & Packaging), By End-Use Industry (Electrical, Food and Beverage, Chemical, Pharmaceuticals, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS

Global Silicon Dioxide Market Size is expected to be worth USD 10.30 Billion in 2021 and is estimated to reach up to USD 16.25 Billion by 2030, at a compound annual growth rate (CAGR) of 6.60% from 2022 to 2030.

The chemical compound silicon dioxide also referred to as silica and formed when silica and oxygen react, is widely distributed throughout the crust of the planet. There is both natural and manufactured silicon dioxide. Due to silicon dioxide's pervasive nature, it is frequently found in a variety of forms, including crystalline and amorphous ones. The most widely used crystalline form of silicon dioxide is quartz, which is a frequent component of sandstone and granite. Due to silicon dioxide's widespread use in many different industries, including the culinary, chemical, and pharmaceutical sectors, among others, Amorphous silica nanoparticles are the most popular type utilized for industrial reasons and are widely used across several industries because of their unusual physiochemical features. Additionally, it serves as the principal oxide component in the production of ceramics and glass.  

COVID-19 ANALYSIS

Scientists and medical professionals are unable to anticipate who would contract the virus and who will recover from it although it is relatively communicable. Governments from all across the world concluded that COVID-19 was a virus that needed to be controlled because it was hazardous. They implemented lockdowns and quarantines as a result. Since they weren't very effective, they were just transient. In any case, businesses in numerous industries all over the world suffered as a result of having to either temporarily halt production or drastically reduce it.

The silicon dioxide sector was typical. Because there was less of a market for the gadgets that currently employ silicon dioxide, many businesses were compelled to temporarily cease operations or drastically reduce output.

Rising Application of Silicon Dioxide in Optical Fibers Propel Market Growth 

The silicon dioxide market is anticipated to expand in the coming years due to the abundance of natural silicon dioxide available. The market for silicon dioxide has expanded as a result of the electrical industry's expanding need for silicon wafers and the building industry's growing need for silicon dioxide applications. The market for silicon dioxide can develop, but it is constrained by the presence of substitutes. On the other hand, throughout the forecast period, the use of silicon dioxide in optical fibers is projected to present potential prospects for the silicon dioxide market.

Growing Demand in End-Use Industries Drive Market Growth

The market will be driven by rising demand from end-use industries such as aerospace, oil & gas, chemical, and automotive for low-density materials with insulating qualities. NASA preferred to utilize it in the Stardust Spacecraft to gather extraterrestrial particles and trap any onboard dust particles. The market will rise as silica aerogel is increasingly used in imaging devices, light guides, and optical devices.

Irreversible Health Hazards Hamper Market Growth

Occupational risks have also been associated with silicon dioxide. Silicosis, a lung condition brought on by prolonged, excessive inhalation of crystalline silica particles, may develop as a result of direct exposure to silicon dioxide. Consequently, this has an impact on the market expansion of crystalline silicon dioxide, especially in the glass manufacturing and mining sectors where there is a lot of exposure.

SEGMENTATION INSIGHT

The Global Silicon Dioxide Market is segmented by Form, Application, End-Use Industry, and Region. Based on the Form, the market is categorized into Amorphous, Quartz, Crystalline, Cristobalite, and Tridymite. Based on Application, the market is categorized into Adhesives and Sealants, Food Additives, Composites, Coatings, Greases, Printing & Packaging. Based on End-Use Industry, the market is categorized into Electrical, Food and Beverage, Chemical, Pharmaceuticals, and Others. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

REGIONAL INSIGHTS

The Global Silicon Dioxide Market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

The Asia Pacific region is expected to dominate the market share due to rising demand from several end-use sectors, including oil & gas, automotive, and construction, Asia Pacific is predicted to hold the greatest position in the market. Additionally, the rising need for oil and gas in nations like China and India has significantly raised the demand for silica aerogel. Due to the significant demand from the aerospace and oil & gas industries, North America is anticipated to have the second-largest share. Due to the demand from the automotive sector, Europe is anticipated to have significant growth. Due to increased gas and oil activity, the Middle East and Africa are anticipated to experience significant growth. By the end of the projected period, it is anticipated that Latin America would exhibit slow growth.

LIST OF COMPANIES PROFILED:

• Merck KGaA
• Alufluor AB
• Gelest, Inc.
• GOLOVACH QUARTZ
• Evonik Industries AG
• Tosoh Silica Corporation
• Kurt J. Lesker Company®
• Sinosi Group Corporation
• Cabot Corporation
• Wacker Chemie AG
• PPG Industries, Inc.

KEY INDUSTRY DEVELOPMENTS:

• October 2021- The resource at Metallica Minerals' Cape Flattery silica sand project in Far North Queensland, Australia, has been increased to 53.5 million tonnes with an in-situ silicon dioxide quality of 99.19 percent. The resource is expected to increase by 40% according to predictions made by Ausrocks' industrial mineral specialists utilizing assay data from the drilling campaign in August.
• September 2021- The German multinational science and technology corporation Merck began operating a new production line for effect pigments made of silica at its facility in Gernsheim. With about 750 employees, it is the company's largest pigment production facility in the entire world.

SEGMENTATION

By Form

• Amorphous
• Quartz
• Crystalline
• Cristobalite
• Tridymite

By Application

• Adhesives and Sealants
• Food Additives
• Composites
• Coatings
• Greases
• Printing & Packaging

By End-Use Industry

• Electrical
• Food and Beverage
• Chemical
• Pharmaceuticals
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America 
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa