Home > News > Content
Specialty Silica Market Demand To Reach 3,188.1 KT In 2016
Oct 17, 2016

Valley Cottage, NY -- (SBWIRE) -- 10/04/2016 --  Specialty silica demand will continue to be strong in 2016, fuelled by its wide-ranging applications in the rubber and plastics industry. Global demand will reach 3,188.1 KT (thousand tonnes) in 2016, up by 3.7% y-o-y, representing market value worth US$ 5.6 Bn.

Rubber industry will continue to be the largest application segment for specialty silicas in 2016, accounting for 1,933.0 KT. Use of specialty silica in tyre manufacturing will drive demand, as focus on improving fuel-efficiency of automobiles continues to gain momentum. Plastics will be the second largest application segment, representing a revenue share of 8.8% in 2016.

Precipitated silica will continue to witness the highest demand on the basis of product type, with total consumption set to reach 2,280.3 KT in 2016. Precipitated silica is a highly sought-after performance additive in tyre manufacturing, representing 70.7% worth of revenues in 2015. By 2016, global precipitated silica revenues are anticipated to reach US$ 3,997.5 Mn.