Silicon Dioxide Market Analysis

End use Industry (Building & Construction, Electricals & Electronics, Healthcare, Food & Beverages, Chemical)

By 2037, building and construction segment is estimated to hold silicon dioxide market share of more than 39.9%. The increasing urbanization propelling construction work for residential and commercial spaces is a significant driver for the market as silica is a crucial component in cement and glass manufacturing. In November 2023, SRMPR Cements in India launched its Portland pozzolana cement (PPC) with an investment worth USD 27 million in production facilities. Since, silica is a key component in the production of Portland cement, new ventures in the cement industry with PPC portfolios boost demand for silica.

Furthermore, advancements in silica-based products are expected to expand the revenue share of key industry players. For instance, in May 2023, U.S. Silica Holdings, Inc., launched the EverWhite Pigment, a highly-refined silica-based pigment for building products and coatings. The advancement is promising for the future of the silicon dioxide sector by benefiting the demand for silica-based pigments.

The electricals & electronics segment by end use industry is positioned to increase its revenue share in the silicon dioxide market by the end of the forecast period. The rising demands from the semiconductor industry and for the manufacturing of optical fibers benefit the segment's growth. The rapid growth of data-intensive applications such as video streaming services and the proliferation of 5G and IoT drives demand for optical fibers that can transmit vast amounts of data.

In July 2024, STL launched the high-density 864F Micro Cables to bring uninterrupted connectivity to dense fiber networks in the U.S. and benefit the service providers in the region. The increasing production of optical fibers is poised to create a sustained demand for silica in its manufacturing process, assisting the segment’s continued growth.

Form (Amorphous, Quartz, Keating, Cristobalite, Coesite, Tridymite)

The amorphous segment of the silicon dioxide market is poised to exhibit robust growth during the forecast period. Its extensive use as a filler, thickening agent, and anti-caking agent drives profitable growth. Furthermore, compared to other forms of silicon dioxide, the amorphous form offers a high surface area making it highly absorbent. Furthermore, the industry-accepted non-toxicity of the material expands usage in various end use applications.

Key players in the silicon dioxide market are investing to expand production capabilities to leverage surging consumer and business demands. For instance, in February 2024, PyroGenesis Canada Inc. announced a milestone for a fumed silica reactor project with the capacity to convert amorphous and quartz silica to fumed silica. The reactor is expected to usher in a new innovative approach to the production of one of the most demanding materials in various end use industries, i.e., silica.

Our in-depth analysis of the global silicon dioxide market includes the following segments: