Green Silica Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Green Silica Market
The green silica market size was valued at USD 297.0 million in 2022, and the market is now projected to grow from USD 262.3 million in 2023 to USD 444.9 million by 2030, exhibiting a CAGR of 7.8% during the forecast period of 2023-2030.
The COVID-19 pandemic impacted the green silica market growth by disturbing the supply chain in rubber, paints and coatings end-use industries. Lockdowns in major countries such as China, India and Germany slowed down the transportation of materials and constrained the procurement of raw materials and the delivery of finished solutions. Therefore, this move impacted the revenue of manufacturers who lost enormous amounts of money.
The development of unbeneficial health impacts of standard silica, for example, lung malignant growth and silicosis, has advanced the appeal of green silica. Currently, green silica is produced from by-products of agriculture and, hence more environmentally friendly compared to normal silica, which causes many carbon emissions. Due to the expenses saved and its eco-friendly attributes, it attracts environmentally conscious firms. As more organisations begin to incorporate the green aspect in the supply chain will drive the green silica market share.
Moreover, the increase in the use of bio-based products has been a leading factor in the burgeoning sustainable silica market. Green silica plays a fundamental role in developing green materials that will help reduce the impact or harm done to the environment and improve sustainability. It has versatile uses in various areas including beauty products, chemotherapy and the production of electrical appliances. The increased interest in bio-based products drives the need for sustainable silica with companies looking at incorporating it into tyre manufacturing.
Comprehensive Analysis of Green Silica Market
The global green silica market and the chemicals & advanced materials industry are expanding at a rapid rate due to its market segmentation. In addition to this market expansion, one can gain regional analysis which is essential and helpful while considering the supply and demand factors of the chemicals & advanced materials market. These segmentations are methodically segregated by types and by applications. The types include, Highly Dispersible Silica and Easily Dispersible Silica. The application includes, Tires, Rubber Goods, Paints & Coatings and Others.
The Asia Pacific region accounted for a majority share of 52.3% of the global market in 2022 due to the rising demand for paints and coatings, driven by development in the construction and automotive sectors. The product's use as a flatting and thickening agent has boosted its application in these industries. The strict regulation on high-risk products such as rubber and paints & coatings creates market opportunity. China dominates the region because of its vast industrial frontier.
The major players in the market are involved in the chemicals and advanced material industry helping in the growth of various industrial prospects and formulating the policies regarding market norms. These players include, Evonik Industries AG (Germany), Brisil (India), Green Silica Group (Brazil), BSB Nanotechnology Joint Stock Company (Vietnam), Ekasil (Thailand), Solvay (Belgium), Agrilectric Power (U.S.), Usher Agro Ltd. (India), Refratechnik (Germany) and Amyris, Inc. (U.S.). These market players provide a level-playing competitive landscape.
In September 2022, Evonik Industries, a major silica producer, partnered strategically with the Austrian engineering firm Pörner Group and Thailand’s Phichit Bio Power Co., Ltd. to supply sustainable ULTRASIL precipitated silica. The cooperation aims to create an innovative approach to the synthesis of high-purity ULTRASIL silica from rice husk, a biomass residue of rice processing. This scheme intends to create a value chain focusing on environmental conservation for civil, economic, and social benefits using new industrial solutions.
Segmentation Table
Global Green Silica Market Scope
Study Period 2017-2030
Base Year 2022
Forecast Period 2023-2030
Growth Rate CAGR of 7.8% from 2023-2030
Historical Period 2017-2021
Unit Value (USD Billion)
Segmentation By Type, Application, and Region
By Type Highly Dispersible Silica
Easily Dispersible Silica
By Application Tires
Rubber Goods
Paints & Coatings
Others
By Region North America (By Application and Country)
U.S. (By Application)
Canada (By Application)
Europe (By Application and Country)
Germany (By Application)
U.K. (By Application)
France (By Application)
Italy (By Application)
Rest of Europe (By Application)
Asia Pacific (By Application and Country)
China (By Application)
India (By Application)
Japan (By Application)
South Korea (By Application)
Rest of the Asia Pacific (By Application)
Latin America (By Application and Country)
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
Middle East and Africa (By Application and Country)
GCC (By Application)
South Africa (By Application)
Rest of the Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Market Trends
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Insights on Regulatory Scenario
- 4.4. Latest Technological Advancement
- 4.5. Porter’s Five Forces Analysis
- 5. Qualitative Insights on Impact of Covid-19 on the Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Companies to Overcome the Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Green Silica Market Analysis, Insights and Forecast, 2017-2030
- 6.1. Key Findings
- 6.2. By Type (Value)
- 6.2.1. Highly Dispersible Silica
- 6.2.2. Easily Dispersible Silica
- 6.3. By Application (Value)
- 6.3.1. Tires
- 6.3.2. Rubber Goods
- 6.3.3. Paints & Coatings
- 6.3.4. Others
- 6.4. By Region (Value)
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Green Silica Market Analysis, Insights and Forecast, 2017-2030
- 7.1. Key Findings
- 7.2. By Type (Value)
- 7.2.1. Highly Dispersible Silica
- 7.2.2. Easily Dispersible Silica
- 7.3. By Application (Value)
- 7.3.1. Tires
- 7.3.2. Rubber Goods
- 7.3.3. Paints & Coatings
- 7.3.4. Others
- 7.4. By Country
- 7.4.1. U.S.
- 7.4.1.1. By Application (Value)
- 7.4.1.1.1. Tires
- 7.4.1.1.2. Rubber Goods
- 7.4.1.1.3. Paints & Coatings
- 7.4.1.1.4. Others
- 7.4.2. Canada
- 7.4.2.1. By Application (Value)
- 7.4.2.1.1. Tires
- 7.4.2.1.2. Rubber Goods
- 7.4.2.1.3. Paints & Coatings
- 7.4.2.1.4. Others
- 8. Europe Green Silica Market Analysis, Insights and Forecast, 2017-2030
- 8.1. Key Findings
- 8.2. By Type (Value)
- 8.2.1. Highly Dispersible Silica
- 8.2.2. Easily Dispersible Silica
- 8.3. By Application (Value)
- 8.3.1. Tires
- 8.3.2. Rubber Goods
- 8.3.3. Paints & Coatings
- 8.3.4. Others
- 8.4. By Country
- 8.4.1. Germany
- 8.4.1.1. By Application (Value)
- 8.4.1.1.1. Tires
- 8.4.1.1.2. Rubber Goods
- 8.4.1.1.3. Paints & Coatings
- 8.4.1.1.4. Others
- 8.4.2. UK
- 8.4.2.1. By Application (Value)
- 8.4.2.1.1. Tires
- 8.4.2.1.2. Rubber Goods
- 8.4.2.1.3. Paints & Coatings
- 8.4.2.1.4. Others
- 8.4.3. France
- 8.4.3.1. By Application (Value)
- 8.4.3.1.1. Tires
- 8.4.3.1.2. Rubber Goods
- 8.4.3.1.3. Paints & Coatings
- 8.4.3.1.4. Others
- 8.4.4. Italy
- 8.4.4.1. By Application (Value)
- 8.4.4.1.1. Tires
- 8.4.4.1.2. Rubber Goods
- 8.4.4.1.3. Paints & Coatings
- 8.4.4.1.4. Others
- 8.4.5. Rest of Europe
- 8.4.5.1. By Application (Value)
- 8.4.5.1.1. Tires
- 8.4.5.1.2. Rubber Goods
- 8.4.5.1.3. Paints & Coatings
- 8.4.5.1.4. Others
- 9. Asia Pacific Green Silica Market Analysis, Insights and Forecast, 2017-2030
- 9.1. Key Findings
- 9.2. By Type (Value)
- 9.2.1. Highly Dispersible Silica
- 9.2.2. Easily Dispersible Silica
- 9.3. By Application (Value)
- 9.3.1. Tires
- 9.3.2. Rubber Goods
- 9.3.3. Paints & Coatings
- 9.3.4. Others
- 9.4. By Country
- 9.4.1. China
- 9.4.1.1. By Application (Value)
- 9.4.1.1.1. Tires
- 9.4.1.1.2. Rubber Goods
- 9.4.1.1.3. Paints & Coatings
- 9.4.1.1.4. Others
- 9.4.2. India
- 9.4.2.1. By Application(Value)
- 9.4.2.1.1. Tires
- 9.4.2.1.2. Rubber Goods
- 9.4.2.1.3. Paints & Coatings
- 9.4.2.1.4. Others
- 9.4.3. Japan
- 9.4.3.1. By Application (Value)
- 9.4.3.1.1. Tires
- 9.4.3.1.2. Rubber Goods
- 9.4.3.1.3. Paints & Coatings
- 9.4.3.1.4. Others
- 9.4.4. South Korea
- 9.4.4.1. By Application (Value)
- 9.4.4.1.1. Tires
- 9.4.4.1.2. Rubber Goods
- 9.4.4.1.3. Paints & Coatings
- 9.4.4.1.4. Others
- 9.5. Rest of Asia Pacific
- 9.5.1.
- 9.5.1.1. By Application (Value)
- 9.5.1.1.1. Tires
- 9.5.1.1.2. Rubber Goods
- 9.5.1.1.3. Paints & Coatings
- 9.5.1.1.4. Others
- 10. Latin America Green Silica Market Analysis, Insights and Forecast, 2017-2030
- 10.1. Key Findings
- 10.2. By Type (Value)
- 10.2.1. Highly Dispersible Silica
- 10.2.2. Easily Dispersible Silica
- 10.3. By Application (Value)
- 10.3.1. Tires
- 10.3.2. Rubber Goods
- 10.3.3. Paints & Coatings
- 10.3.4. Others
- 10.4. By Country
- 10.4.1. Brazil
- 10.4.1.1. By Application (Value)
- 10.4.1.1.1. Tires
- 10.4.1.1.2. Rubber Goods
- 10.4.1.1.3. Paints & Coatings
- 10.4.1.1.4. Others
- 10.4.2. Mexico
- 10.4.2.1. By Application (Value)
- 10.4.2.1.1. Tires
- 10.4.2.1.2. Rubber Goods
- 10.4.2.1.3. Paints & Coatings
- 10.4.2.1.4. Others
- 10.4.3. Rest of Latin America
- 10.4.3.1. By Application (Value)
- 10.4.3.1.1. Tires
- 10.4.3.1.2. Rubber Goods
- 10.4.3.1.3. Paints & Coatings
- 10.4.3.1.4. Others
- 11. Middle East & Africa Green Silica Market Analysis, Insights and Forecast, 2017-2030
- 11.1. Key Findings
- 11.2. By Type (Value)
- 11.2.1. Highly Dispersible Silica
- 11.2.2. Easily Dispersible Silica
- 11.3. By Application (Value)
- 11.3.1. Tires
- 11.3.2. Rubber Goods
- 11.3.3. Paints & Coatings
- 11.3.4. Others
- 11.4. By Country
- 11.4.1. GCC
- 11.4.1.1. By Application (Value)
- 11.4.1.1.1. Tires
- 11.4.1.1.2. Rubber Goods
- 11.4.1.1.3. Paints & Coatings
- 11.4.1.1.4. Others
- 11.4.2. South Africa
- 11.4.2.1. By Application (Value)
- 11.4.2.1.1. Tires
- 11.4.2.1.2. Rubber Goods
- 11.4.2.1.3. Paints & Coatings
- 11.4.2.1.4. Others
- 11.4.3. Rest of Middle East & Africa
- 11.4.3.1. By Application (Value)
- 11.4.3.1.1. Tires
- 11.4.3.1.2. Rubber Goods
- 11.4.3.1.3. Paints & Coatings
- 11.4.3.1.4. Others
- 12. Competitive Analysis
- 12.1. Company Market Share/Market Ranking Analysis, By Key Players
- 12.2. Company Profiles (Overview, Product Portfolio, Recent Developments, Strategies, Financials (Based on Data Availability))
- 12.2.1. Evonik Industries AG
- 12.2.1.1. Overview
- 12.2.1.2. Description
- 12.2.1.3. Product Portfolio
- 12.2.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.1.5. Recent Developments
- 12.2.2. Brisil
- 12.2.2.1. Overview
- 12.2.2.2. Description
- 12.2.2.3. Product Portfolio
- 12.2.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.2.5. Recent Developments
- 12.2.3. Green Silica Group
- 12.2.3.1. Overview
- 12.2.3.2. Description
- 12.2.3.3. Product Portfolio
- 12.2.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.3.5. Recent Developments
- 12.2.4. BSB Nanotechnology Joint Stock Company
- 12.2.4.1. Overview
- 12.2.4.2. Description
- 12.2.4.3. Product Portfolio
- 12.2.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.4.5. Recent Developments
- 12.2.5. Ekasil
- 12.2.5.1. Overview
- 12.2.5.2. Description
- 12.2.5.3. Product Portfolio
- 12.2.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5.5. Recent Developments
- 12.2.6. Solvay
- 12.2.6.1. Overview
- 12.2.6.2. Description
- 12.2.6.3. Product Portfolio
- 12.2.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.6.5. Recent Developments
- 12.2.7. Agrilectric Power
- 12.2.7.1. Overview
- 12.2.7.2. Description
- 12.2.7.3. Product Portfolio
- 12.2.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.7.5. Recent Developments
- 12.2.8. Usher Agro Ltd.
- 12.2.8.1. Overview
- 12.2.8.2. Description
- 12.2.8.3. Product Portfolio
- 12.2.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.8.5. Recent Developments
- 12.2.9. Refratechnik
- 12.2.9.1. Overview
- 12.2.9.2. Description
- 12.2.9.3. Product Portfolio
- 12.2.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.9.5. Recent Developments
- 12.2.10. Amyris, Inc.
- 12.2.10.1. Overview
- 12.2.10.2. Description
- 12.2.10.3. Product Portfolio
- 12.2.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.10.5. Recent Developments
- 13. Strategic Recommendations
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