TAGS: Sustainability / Natural Coatings
Transparency Market Research delivers key insights on the global green silica market. In terms of revenue, the global green silica market is estimated to cross valuation of US$ 466.9 Mn by 2031 by expanding at a CAGR of 7.4%.
Rising Use in Multiple End-use Industries
The global green silica market is broadly affected by several factors, including increase in usage of silica in various end-use industries such as automotive, paints & coatings, plastic & packaging, food & beverages, and personal care & cosmetics.
Rise in environmental concerns; implementation of stringent government regulations; and increase in adoption of greener substitutes are expected to be the primary drivers of the global green silica market.
Green Silica Market: Dynamics
Countries across the globe are taking significant steps to move the current fossil-based economy to a more sustainable bio-based economy, owing to increase in global warming and threats regarding environmental issues. The shift to a bio-based economy is expected to result in an environmentally, economically, and socially sustainable global economy.
Green silica, a substitute to conventional silica, is produced by using various sources that include rice husk ash, sugarcane bagasse ash, and bamboo leaf. Rice husk ash is a key raw material that provides distinct properties to silica, resulting in better performance of products.
Rice husk is produced after the milling of rice. It contains approximately 80%–90% of silica. The rate of recovery of silica from rice husk ash is 90%–95% if the conversion efficiency is more than 70%. Thus, rice husk ash is one of the economical feedstock that can be used for silica production.
The development of bio-based products is the new trend in the market. These materials are likely to address environmental issues associated with the chemical industry. This is projected to drive the green silica market.
Check-out All Silica Grades
Source: TMR