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Specialty Silica Global Demand to Rise
Related Companies
A study from Freedonia forecasts that the world demand for specialty silicas — which include precipitated silica, fumed silica, silica gel and silica sol — will rise 6.3 percent per year to 2.7 million metric tons in 2014. In value terms, demand will rise 6.8 percent per year to US$ 5.8 billion. Gains will be driven by a rise in world manufacturing activity, particularly in key silica markets such as tires, rubber, chemicals and agricultural products. Additionally, demand will benefit from the rising levels of silica use in developing economies.
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