1. What is the projected Compound Annual Growth Rate (CAGR) of the Green Silica Market?
The projected CAGR is approximately 5.5%.
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Green Silica MarketGreen Silica Market by Type (Highly Dispersible Silica, Easily Dispersible Silica), by Application (Tires, Rubber Goods, Paints & Coatings, Others), by North America (U.S., Canada) Forecast 2026-2034
The Green Silica Marketsize was valued at USD 297.0 USD Million in 2023 and is projected to reach USD 432.04 USD Million by 2032, exhibiting a CAGR of 5.5 % during the forecast period. Eco-silica or green silica is defined as silicon dioxide that undergoes production without having to negatively impact the environment. It is normally obtained from natural resources like rice husks or other agricultural residues and thus helps in a reduction of useless waste and utilization of products from natural sources. There are primarily two types: amorphous green silica which is applied in the production of a wide range of materials and uses because of the high surface area and chemical reactivity and crystalline green silica because of its structural properties. These include high porosity, low environmental impact, and improvements in performance in the reinforcement of rubber goods, water treatment, and as support for catalysts in chemical industries. Bearing a phrase, Green silica is available with green chemistry manufacturing methodology; it is supplemental to multifunctional use.
Green Silica Trends
By Type:
By Application:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.5% from 2020-2034 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.5%.
Key companies in the market include Evonik Industries AG (Germany), Brisil (India), Green Silica Group (Brazil), BSB Nanotechnology Joint Stock Company (Vietnam), Ekasil (Thailand), Solvay (Belgium), Agrilectric Power (U.S.), Usher Agro Ltd. (India), Refratechnik (Germany), Amyris, Inc. (U.S.).
The market segments include Type, Application.
The market size is estimated to be USD 297.0 USD Million as of 2022.
Increasing Awareness of the Harmful Effects of Traditional Silica on Human Health to Drive Market Growth.
Growing Demand for Bio-based/Sustainable Products to Provide Beneficial Market Opportunities.
Lack of Product Awareness makes it Less Accessible for Industrial Application. Hindering Market Growth.
September 2022: Evonik Industries, a leading silica producer, entered into a strategic cooperation with the Pörner Group, an Austrian engineering company, and Phichit Bio Power Co., Ltd., a Thailand-based energy provider, to supply sustainable ULTRASIL precipitated silica. This partnership aims to develop a new process for producing high-quality, sustainable ULTRASIL silica from rice husks, which are a by-product of the rice milling process. Overall, this strategic cooperation is expected to create a new value chain that benefits the environment, the economy, and society as a whole by developing sustainable solutions for industry.
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The market size is provided in terms of value, measured in USD Million and volume, measured in K Tons .
Yes, the market keyword associated with the report is "Green Silica Market," which aids in identifying and referencing the specific market segment covered.
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