Silica Market Size To Hit USD 104.34 Billion By 2030
San Francisco, 9 June 2023: The Report Silica Market Size, Share & Trends Analysis Report By Application (Construction, Agrochemicals, Rubber, Oral Care, Food & Feed, Others), By Region, And Segment Forecasts, 2023 - 2030 The global silica market size is anticipated to reach USD 104.34 billion by 2030, according to a new report by Grand View Research, Inc., registering a 9.9% CAGR during the forecast period. Rising demand for silica across various end-use industries such as rubber, agrochemicals, oral care, and paints and coatings is anticipated to drive the industry. Precipitated silica is the most extensively consumed product in the market. It is utilized in the reinforcement of elastomer products, such as automotive tires, due to its ability to reduce rolling resistance, improved traction under slippery conditions, and enhanced fuel efficiency. It also acts as an anti-blocking agent in thermoplastic films and a matting agent in paints and varnishes. Rubber application a