Silicon Dioxide Market by Source, Form, End-use

List of Tables

[198 Pages Report] The Silicon Dioxide Market size was estimated at USD 10.03 billion in 2023 and expected to reach USD 10.63 billion in 2024, at a CAGR 6.19% to reach USD 15.29 billion by 2030.

Silicon dioxide, also called silica, is an oxide form of silicon, having a chemical formula SiO2, commonly found in nature as quartz and in various living organisms, which is also a major constituent of sand. Silicon dioxide is a hard substance, chemically inert and thermally stable, which makes it suitable for a range of applications, including building materials and electronics, and as an additive in food and pharmaceutical products. The global silicon dioxide market is primarily driven by its widespread use in the manufacturing of optical fibers and cement. The growth in the automotive and construction industries also contributes significantly to the demand for high-grade silicon dioxide. Additionally, the surge in demand for electronics that utilize silicon chips and the cosmetic industry's use of silica as a thickening agent is driving the market's growth. Despite the growth prospects, the silicon dioxide market faces challenges owing to stringent environmental regulations concerning the mining and extraction processes of silicon dioxide. The market also grapples with fluctuating raw material prices, which can hamper the cost-efficiency of silicon dioxide production. However, a rising interest in renewable energy and the role of silicon in photovoltaic cells for solar panels present opportunities for market growth. The trend towards sustainable and green building materials is also expected to increase the utilization of silicon dioxide, providing new growth avenues for the global silicon dioxide market.

KEY MARKET STATISTICS
Base Year [2023]	USD 10.03 billion
Estimated Year [2024]	USD 10.63 billion
Forecast Year [2030]	USD 15.29 billion
CAGR (%)	6.19%

Regional Insights

The silicon dioxide market in the Americas has shown steady growth, with its robust electronics industry and demand for high-quality silica in industrial applications. The demand in the Americas is driven by diverse industries, including food and beverages and pharmaceuticals, where silicon dioxide is used as an anti-caking agent. In the EMEA region, Europe stands as a significant contributor to the market owing to its advanced industrial and manufacturing sectors. Strong regulatory frameworks, particularly concerning food-grade silicon dioxide, have shaped the market direction toward high-quality and compliant products. The Middle East shows potential for growth, driven by the construction industry and the expansion of manufacturing capabilities. However, Africa is still an emerging market but has shown promise with the gradual shift towards industrialization and increased foreign investments in recent years. APAC is experiencing the fastest growth in the silicon dioxide market, driven by rapid industrialization, a growing semiconductor industry, and increased investment in infrastructure development. Demand in the region is bolstered by the expanding middle-class population and their increased spending on consumer goods. Manufacturers in APAC are capitalizing on lower production costs and favorable government policies to boost production, further bolstering the market expansion in the region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Silicon Dioxide Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Ample availability of natural silicon dioxide and rising demand for the application of silicon dioxide in the construction sector
- Increasing use in the food processing sector
- Rising need for low density material with insulating properties from automotive industry

Market Restraints
- Fluctuating costs of raw materials associated with silicon dioxide

Market Opportunities
- Ongoing trend of miniaturizing electronic devices and applications of silicon dioxide
- Significance of silicon dioxide nanomembrane in solar cells

Market Challenges
- Health hazards associated with exposure to silicon dioxide

Market Segmentation Analysis
- Source: Growing demand for synthetic silicon dioxide for high-tech applications
- Form: Rising adoption of quartz in modern electronic devices and construction materials
- End-use: Emerging applications of silicon dioxide in sustainable construction activities

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Silicon Dioxide Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Silicon Dioxide Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

New perovskite solar cell design with silicon dioxide anti-reflector layer

Researchers at Tarbiat Modares University in Iran have innovatively engineered a two-dimensional perovskite solar cell featuring a light-trapping (LT) structure and an anti-reflective silicon dioxide (SiO2) coating. This design distinctly outperforms standard planar perovskite photovoltaic devices by ensuring extensive light capture within the entire cell structure. [Published On: 2023-09-28]

ENGRA to start producing silicon dioxide in Siberia by 2027, invest upwards of 350 mln rubles

ENGRA LLC has unveiled plans to establish a silicon dioxide manufacturing facility in the Tomsk Region, with projected investments between 350 million and 1.7 billion rubles across the 2023-2026 timeline. This strategic move, revealed during a council meeting aimed at enhancing the region's investment allure, is set to harness the readily available infrastructure near the Tugansky GOK mining and processing hub. [Published On: 2023-09-05]

Oaktree Capital acquires medical molder SiO2

SiO2 Materials Science, an Auburn, Ala.-based biomedical startup specializing in silicon dioxide, has been acquired by investment heavyweight Oaktree Capital Management LP. As demand normalized, the company overreached and refocused on its fundamental offerings in materials science, including essential drug containers, vials, and syringes. [Published On: 2023-09-04]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Silicon Dioxide Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Silicon Dioxide Market, highlighting leading vendors and their innovative profiles. These include American Elements, BASF SE, Cabot Corporation, Evonik Industries AG, Gelest Inc. by Mitsubishi Chemical Group Corporation, JIOS Aerogel Pte Ltd., Junsei Chemical Co.,Ltd., KANTO CHEMICAL CO.,INC., Lorad Chemical Corporation, Merck KGaA, Nacalai Tesque, Inc., Nanografi Nano Technology, Otto Chemie Pvt. Ltd., OXFORD LAB FINE CHEM LLP, PPG Industries, Inc., ProLuke, Shin-Etsu Chemical Co., Ltd., Sinosi Group Corporation, Solvay SA, Spectrum Chemical Mfg. Corp., The Kurt J. Lesker Company, Tokuyama Corporation, Tosoh Corporation, Vizag Chemicals, and Wacker Chemie AG.

Market Segmentation & Coverage

This research report categorizes the Silicon Dioxide Market to forecast the revenues and analyze trends in each of the following sub-markets:

Source
- Natural
- Synthetic

Form
- Amorphous
- Cristobalite
- Quartz

End-use
- Building & Construction
- Chemical
- Electrical & electronics
- Food & Beverages
- Healthcare

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-AD517FAA93DA

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Ample availability of natural silicon dioxide and rising demand for the application of silicon dioxide in the construction sector
  - 5.1.1.2. Increasing use in the food processing sector
  - 5.1.1.3. Rising need for low density material with insulating properties from automotive industry
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuating costs of raw materials associated with silicon dioxide
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing trend of miniaturizing electronic devices and applications of silicon dioxide
  - 5.1.3.2. Significance of silicon dioxide nanomembrane in solar cells
- 5.1.4. Challenges
  - 5.1.4.1. Health hazards associated with exposure to silicon dioxide
5.2. Market Segmentation Analysis
- 5.2.1. Source: Growing demand for synthetic silicon dioxide for high-tech applications
- 5.2.2. Form: Rising adoption of quartz in modern electronic devices and construction materials
- 5.2.3. End-use: Emerging applications of silicon dioxide in sustainable construction activities
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Silicon Dioxide Market, by Source

6.1. Introduction
6.2. Natural
6.3. Synthetic

7. Silicon Dioxide Market, by Form

7.1. Introduction
7.2. Amorphous
7.3. Cristobalite
7.4. Quartz

8. Silicon Dioxide Market, by End-use

8.1. Introduction
8.2. Building & Construction
8.3. Chemical
8.4. Electrical & electronics
8.5. Food & Beverages
8.6. Healthcare

9. Americas Silicon Dioxide Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Silicon Dioxide Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Silicon Dioxide Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. New perovskite solar cell design with silicon dioxide anti-reflector layer
- 12.3.2. ENGRA to start producing silicon dioxide in Siberia by 2027, invest upwards of 350 mln rubles
- 12.3.3. Oaktree Capital acquires medical molder SiO2
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio