Silica Flour Market Share, Competitive Market Share & Forecast, 2016 – 2024: Global Market Insights, Inc.
Silica Flour market size will cross USD 650 million by 2024 according to a new research report by Global Market Insights, Inc. Silica flour gets consumed in fiberglass production and is widely used in renovation & construction industry. Fiberglass is widely used in construction sector owing to its better insulation properties as compared to other substitutes. Fiberglass has applications in transportation and construction industries for security and aesthetic purpose. Expanding automotive and construction industries owing to a surge in the global population are likely to propel the product market over forecast period. It is used in plastics and mortar as a filler to improve its quality and reduce the tar required for mold filling. It acts as a coarse material in cleansers, skin care products, toothpaste, and paints. It also acts as a grout in some pharmaceutical products. Granulation of silica sand is done into a fine powder and is used in manufacturing the product. It has application in creation of tile, porcelain, earth, and glass. Rapid urbanization along with industrialization is expected to enhance the product market.
The next preliminary factor that drives silica flour market consumption is the surge in glass demand. Glass market shall witness a potential growth due to expansion of construction industry. Climatic variations and improved standard of living have created innovative glass designs as per the consumer requirements. Increasing residential construction and commercial projects shall drive the product market. Increasing awareness regarding glass applications in commercial enterprises and packaging industry shall bolster the product market.
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