According to the research 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, Asia Pacific silica flour market is expected to surpass the valuation of USD 307 million by the year 2027. 

Accelerated urban growth and industrialization, persistent economic progress in developing nations, and extensive product usage in automobile and general manufacturing sectors have all contributed to the expansion of Asia Pacific silica flour marketplace.

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Moreover, utilization of silica flour in manufacturing glass & clay, ceramic fritz & glaze, and fiberglass because of growing industrialization is impelling the industry share. It is also essential in the manufacturing of paints since it provides solution consistency.  

Based on the application spectrum, the industry is segmented into clay & glass production, ceramic fritz & glaze, reinforcing filler, cultured marble, sodium silicate, oilwell cement, foundry work, additive, fiberglass, and others.

Among these, the fiberglass segment held 27% market share in the year 2020 and is projected to increase at a CAGR of 6% through 2027, because of its versatile applications in diverse shapes and figures, as well as the cost-effectiveness, making it elemental for insulation vertical.

Parallelly, the foundry work application segment is also expected to grow at a significant rate through 2027, owing to the increasing demand for semiconductors from consumer electronics and automotive sectors. 

Regionally, India market accounted for 13% volume share in 2020 and is anticipated to grow at a CAGR of 5% through 2027, due to the rising demand for fiberglass and cement, which are used in military and construction vertical respectively, along with setup of new industries with FDI inflow. 

On the other hand, China market accounted for 50% industry share in the year 2020 and is projected to rise at a substantial rate through 2027. Rising manufacturing and related operations for electronics as well as glass industries, along with surge in demand for consumer products, and flourishing automotive sector are responsible for market growth.

The leading organizations in Asia Pacific silica flour marketplace are Dalian Fuchang Chemical Co. Ltd., Redox Inc., Adwan Chemical Industries Co. Ltd., The 3M Company, Anyang Huatuo Metallurgy Co. Ltd., Fineton Industrial Minerals Limited, Tokai Kogyo Co. Ltd., Shri Vinayak Industries, SCR-Sibelco N.V., Adinath Industries, Tianjin Sunward Building Materials Co. Ltd., and Tanvi Mines & Minerals.