HIGH PURITY SILICA MARKET ANALYSIS

High Purity Silica MarketSize and Trends

Global high purity silica market is expected to reach US$ 20.44 billion by 2030, from US$ 7.50 billion in 2023, exhibiting a CAGR of 15.4% during the forecast period.

Global High Purity Silica Market- Trends

• Increasing use of nanotechnology: Nanoscale silica is being used widely in coatings, catalysts, batteries and biomedical due to its high surface area and porosity. For instance, in 2022, according to Royal Society Of Chemistry, silica nanoparticles are used in lithium-ion batteries to improve their performance and stability.
• Growing demand for specialty silica: Specialty silica like spherical, porous, and surface-modified silica are in high demand from end-use industries
• Investment in R&D activities: Key manufacturers are continuously investing in R&D to develop new silica products for applications in biomedical, energy storage, catalyst, and others
• Capacity expansions: Key players are expanding production capacities particularly in APAC region.