NON-SILICATES MARKET ANALYSIS

Non-silicates MarketSize and Trends

The global non-silicates market size is expected to witness potential gains in the future, and register a significant CAGR over the forecast period (2019 - 2027).

Market Trends

Non-silicates are a type of material that do not contain silicon. Several of the non-silicates are economically important. Non-silicates can be divided into several mineral groups such as native elements, sulfides, oxides and hydroxides, halides, and others. Non-silicates find application in several industries such as energy, fertilizers, and chemicals. Non-silicates are used to produce iron ore, plaster, table salt, cement, drugs, and chemicals.        

Market Dynamics

Increasing demand for iron ore from end-use industries such as construction is expected to boost the global non-silicates market growth. Hematite is a non-silicate and is an important ore of iron. It is also used to make red paint and jewelry. Another non-silicate, magnetite is also a major iron ore. Increasing demand for cement from the construction industry is also expected to drive growth of the non-silicates market. Calcite, a non-silicate, is used to produce cement.

Increasing research on use of non-silicates in the field of nono-technology is expected to offer lucrative growth opportunities for players in the market. Non-silicate minerals such as gold, silver, and graphite find application in the field of nono-technology. Sliver nanoparticles can be used in food packaging. Key players in the market can focus on expanding their business in the nano-technology field though collaborations and other strategies in order to expand their market share.