Silica Flour Market Statistics, Top Major Players 2027

As per a published report the silica flour market size is projected to reach USD 502.6 million by 2027 owing to the increasing utilization of the material in the production of ceramic, states Fortune Business Insights™ in its report, titled “Silica Flour Market, 2020-2027”. As per the report, the value of the market stood at USD 397.5 million in 2019 and is projected to register a CAGR of 3.5% from 2020 to 2027.

COVID-19 Impact

COVID-19 has put a halt on most of the operations around the globe in the first quarter of the global pandemic. As a result of which, the mining processes at all levels were affected. The complete shutdown of the mines has disrupted the supply of the raw materials required for silica flour, thereby restraining its growth during the forecast period.

U.S. Silica Acquires Former Ceramic Proppant Facility

In July 2019, U.S. Silica announced the acquisition of a former ceramic proppant facility in Georgia, the U.S. With the help of the new facility, the company will be able to lower its production cost and improve its supply chain. This will also help the company move down in the value chain. In addition, the launch of this facility is anticipated to aid the company to accelerate product development and facilitate product customization as requested by the clientele, thereby boosting the silica flour market growth.

Source:

https://www.fortunebusinessinsights.com/silica-flour-market-105024