Economic Effects of Silicon Dioxide Market , Advancement Strategy

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Global Silicon Dioxide Market: Overview

Silicon dioxide also commonly known as silica is a chemical compound which is abundantly found in earth’s crust derived from reaction between silica and oxygen. Silicon dioxide is present in natural as well as synthetic form. Due to ubiquitous nature of silicon dioxide it is abundantly formed in various forms such as crystalline, amorphous among others. The most popular crystalline form of silicon dioxide is quartz which is commonly found in granite and is also main component of sandstone. Due to abundance presence of silicon dioxide, it finds application across different industries such as pharmaceutical, chemical and food among others. The most common form used for the industrial purposes is amorphous silica nanoparticles which predominantly used across different industries due to its peculiar physiochemical properties. It is also used as primary oxide material in the formation of glass and ceramics.

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Global Silicon Dioxide Market: Drivers and Restraints

Abundance functionality and occurrence of silicon dioxide is primarily driving the market of silicon dioxide. Silicon dioxide is used across different industries. In food industry, the most widespread use of silicon dioxide is that of anti-caking agent, due its property to absorb excess moisture and thereby, prevents the sticking of the ingredients together. Therefore, it is predominantly used in the manufacturing of spices, salt and chilli powder among other products as it prevents their clumping. Furthermore, it can also be used as anti-forming agent which is used production of beer and wine to remove yeast and protein form it. Moreover, due to its anti-caking property, silicon dioxide is also abundantly used in the manufacturing of health supplements as it prevents the sticking of ingredients without interfering with other active ingredients. Hence, extensive applicability portfolio of silicon dioxide is propelling the market growth. Certain peculiar properties such as removal of unwanted impurities, protection against diffusion of dopants and high temperature stability significantly influences the silicon dioxide market. Owing to these properties, it is abundantly used in the formation of semiconductor, circuit boards, piezoelectric and refractory material among others. Thus, pervasive application of silicon dioxide is spurring the demand for silicon dioxide.

However, silicon dioxide has also been associated with occupational hazards. Direct exposure to silicon dioxide may lead to silicosis, which is a lung disease caused due to excessive inhalation of crystalline silica particles over a longer period of time. Thus, affecting the market growth of crystalline form of silicon dioxide particularly in glass manufacturing, mining sector where there is significant exposure

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Global Silicon Dioxide Market:  Segmentation 

On the basis of form, silicon dioxide market is segmented into:-

• Amorphous
• Crystalline
  • Quartz
  • Tridymite
  • Cristobalite

On the basis of source, silicon dioxide market is segmented into:-

• Natural
• Synthetic

On the basis of industry, silicon dioxide market is segmented into:-

• Chemical
• Electrical
• Pharmaceutical
• Food & Beverage
• Others

On the basis of application, silicon dioxide market is segmented into:-

• Adhesives and sealants
• Coatings
• Food additives
• Greases
• Composites
• Printing and packaging
• Others

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Global Silicon Dioxide Market:  Region wise Outlook

The global silicon dioxide market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Japan Latin America and, North America. North America holds the major share in the global silicon dioxide market. With robust technological development combined with widespread applicability of silicon dioxide across industries is spurring the growth of the market. The silicon dioxide market in Western Europe is expected to expand at substantial growth rate. However, with associate health hazards and stringent regulation is Europe, the growth prospects of silicon dioxide may get affected during the forecast period. The APEJ silicon dioxide market is capitalizing on the opportunity of new product portfolio derived from silicon dioxide. Owing to availability of resources and opportunistic investment platform in APEJ is expected to spur the market growth of silicon dioxide.