The business intelligence report titled ‘Asia Pacific Silica Flour Market Forecast 2027 By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, states that Asia Pacific silica flour market is slated to witness a robust growth rate and amass significant returns during 2021-2027.
 

Industry experts cite that rapid industrialization and urbanization in developing economies like India, China and Indonesia are favoring the growth of Asia Pacific silica flour market.

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Speaking of the application spectrum, the fiberglass segment accounted for about 27% of the total market share in 2020 and is expected to record a healthy growth rate of around 6% through 2027. This can be ascribed to extensive use of silica flour in the manufacturing of glass, clay, fiberglass, glaze, and ceramic frits.

The foundry work segment is slated to generate sizable returns during the evaluation period as a result escalating demand for casting goods across automotive and electronic sectors.

With respect to geographical scope, India accounted for around 13% of Asia Pacific silica flour market share in 2020 and is slated to maintain a stable growth rate of 5% through the analysis period. Favorable government initiatives that encourage the usage of glass fiber across sectors, especially the military, if favoring the segmental expansion.  

Meanwhile, China accounts for majority of the industry share as it hosts a large number of component makers, networked suppliers, and distributors which makes it the preferred location for business expansion in the upcoming years. The rising need for semiconductors in various consumer devices as well as the expansion of automotive sectors in the country has played a crucial role in accelerating the growth of foundry and silica flour market in China.

The competitive landscape of the Asia Pacific silica flour market is majorly defined by Tianjin Sunward Building Materials Co.Ltd, Shri Vinayak Industries, Redox Inc., Tokai Kogyo Co., Ltd, Tanvi Mines and Minerals, SCR Sibelco NV, 3M Company, Fineton Industrial Minerals Ltd., Dalian Fuchang Chemical Co., Ltd, Anyang Huatuo Metturgy Co., Ltd., Lianyungang Changtong Silica Powder Co., Ltd., Lianyungang Haosen Mineral Products, and Adwan Chemical Industries Co., Ltd.