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Prime Factors Boosting Growth of Global Silica Flour Market, Increasing Demand from Construction Industry on Top
Published By : 27 Jun 2016 | Published By : QYRESEARCH
Silica flour, also known as ground silica is made of tiny particles of silica sand and comprise of high content of silica. The high purity content of silica enables the use of silica flour in a number of applications, requiring high purity of silica. Silica flour is majorly employed in a wide range of applications such as fiberglass, sodium silicate, cultured marble, and additive, foundry work, reinforcing filler, ceramic frits & glaze, glass & clay production, oil well cements, and other applications. The key factor fuelling the global silica flour market are:
- Manufacturing of Fiberglass in Construction Industry to Boost Demand for Silica Flour: Silica flour is being highly utilized for the making of fiberglass and this is why the segment of fiberglass held a share of 25% in the market in 2014. It has been predicted that the utilization of silica flour is expected to remain the highest in the making of fiberglass. Fiberglass is considered amongst the top insulating agents in the construction industry. The affordable costs of fiberglass have also raised their demand within the construction industry. Hence, the growth of the construction industry in a number of emerging nations globally will further impact the silica flour market positively.
- Rising Demand for Glass to Propel Silica Flour Market: Glass is being highly demanded by the construction industry particularly within the Middle East and Asia Pacific regions. This is owing to the growing utilization of glass in almost all the new constructions. Just as in the case of fiberglass, the production of glass has also come up as a key application segment within the global silica flour market. The growing demand for consumer electronics such as smartphones and television sets have been raising the demand for glass, hence driving the development of the global silica flour market.
In addition to the above two factors, the soaring demand for silica flour from the foundry industry will also augment the growth of the market for silica flour. Thus, a number of factors play role in boosting the overall growth of the market. However, the increasing ill effects of silica flour on the environment as well as health of human being may impede the growth of the market in the coming years.
