Home > Chemicals & Materials > Advanced Materials > Functional Materials > Silica Flour Market
Silica Flour Market Size
- Report ID: GMI1176
- Published Date: Feb 2017
- Report Format: PDF
Silica Flour Market Size
Silica flour market size was worth over $350 million in 2015 and is expected to grow at over 7% between 2016 and 2024. The rise of new commercial and residential projects in developing countries will increase the demand for the product.
Increasing glass demand and thriving construction industry are the major factors spurring the growth of the market globally. Improved living standards, enhanced lifestyles and variations in climates have extended the innovations in glass sector on a regular basis as per the consumer demand. Increasing usage for glass in downstream commercial enterprises and packaging applications will boost the consumption of silica flour. In next couple of years, the product will have wide-scale applications in the oil-well industry.
There is a minor risk associated with prolonged exposure to the product, which was observed by some regulatory bodies globally. Hence, manufacturers need to comply with frequently amended workplace safety guidelines, which might reduce their profit margins. These factors can slow down the silica flour market in near future.
| Report Attribute | Details |
|---|---|
| Base Year: | 2015 |
| Silica Flour Market Size in 2015: | 350 Million (USD) |
| Forecast Period: | 2016 to 2024 |
| Forecast Period 2016 to 2024 CAGR: | 7% |
| 2024 Value Projection: | 650 Million (USD) |
| Historical Data for: | 2013 to 2015 |
| No. of Pages: | 129 |
| Tables, Charts & Figures: | 114 |
| Segments covered: | Application and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Silica Flour Market Scope
