MarketSegmentation
By Product Type:
Silica Content between 50–70%
Silica Content between 70–90%
Others
By Application: Agriculture
Industrial
Others
Market Value
2024 Market Valuation: USD 319 million
Projected 2031 Valuation: USD 568 million
Compound Annual Growth Rate (CAGR): 8.8%
(2025–2031)
Market Opportunities
Automotive Industry Growth:
durable and heat-resistant ma
Construction Sector Expansio
roofing and insulation applica
Electrical & Electronics: Grow insulation materials.
Sustainability Trends: Shift to recyclable materials.
Emerging Markets: Rapid indu and Latin America regions.
Key Players/Stakeholders
Major Companies Leading the Industry:
Rescon (India)
Sample Report
Yihai Kerry
Yutai Hengdong Insulation Material
Regional Analysis
Asia-Pacific: Dominates with 82% market share.
Europe: Holds 9% of the market.
North America: Accounts for 5% of the market.
About Us
•Established in 2015, 24Chemical Research specializes in providing comprehensive chemical industry research and analysis to support businesses in making well-informed decisions in this ever-evolving sector. Since our inception, we have been dedicated to delivering in-depth market research, identifying key trends, opportunities, and challenges shaping the global chemical industry.
