Asia Pacific Silica Flour Market size exceeded USD 216 million in 2020 and is estimated to witness over 5.3% CAGR from 2021 to 2027.
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Fiberglass application segment accounted for 27% market share 2020 and will observe around 6% growth rate during the forecast period. The consumption of silica flour in fiberglass, glass & clay production, and ceramic frits & glaze has significantly increased due to rapid industrialization. Fiberglass materials are important for the insulation industry owing to their low cost and ability to be applied in all kinds of shapes & figures.
Fiberglass and glass manufacturing segments are important application segments of the Asia Pacific silica flour market. Silica flour is one of the important additives in paints manufacturing, which does not react with pigments and renders a uniformity to the solution, making it suitable for use in paints & coatings. The growing infrastructural investments in various Asia Pacific countries, such as India, China, South Korea, Japan, and Vietnam, are also augmenting the market growth.
In 2020, China dominated 50% of the Asia Pacific silica flour market. China has always been on the forefront of manufacturing and its allied activities of various end-use industries including electronics, cement, and glass among others. The country is also experiencing a boost in the consumer goods demand, such as glasses and ceramics, which may fuel the market expansion. Additionally, the surging demand for casting products in automotive and semiconductor sector will likely enhance the consumption of silica flour in foundry work.
The major companies operating in the market are Shri Vinayak Industries, Tanvi Mines & Minerals, Tokai Kogyo Co., Ltd., REDOX, FINETON Industrial Minerals Limited, SCR-Sibelco N.V., 3M, Lianyungang Haosen Mineral Products, Anyang Huatuo Metallurgy Co., Ltd., Lianyungang Changtong Silica Powder Co., Ltd., Dalian Fuchang Chemical Co., Ltd., Tianjin Sunward Building Materials Co., Ltd., Adwan Chemical Industries Co., Ltd., and Adinath Industries. Silica flour manufacturers are constantly expanding their product range and forming strategic alliances.