Demand Analysis of Cristobalite Market | Latest Technology and Trend| Compound Annual Growth Rate (CAGR) is 6% - Digital Journal

2022-05-20 20:33:27 By : Admin

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The global cristobalite market was valued at US$ 30.52 Mn in 2019. It is anticipated to expand at a CAGR of ~6% during the forecast period. The global cristobalite market is driven by increase in the demand for cristobalite in the artificial marble industry across the globe. Asia Pacific accounts for a major share of the global cristobalite market, led by high demand for cristobalite among manufacturers of paints and coatings in the region.

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Cristobalite is primarily utilized in construction-related activities. Other uses include manufacture of glass and ceramics. Cristobalite is employed in the manufacture of water glass (sodium silicate), which is used in the formulation of cement, passive fire protection, textile and lumber processing, manufacture of refractory ceramics, adhesive, and production of silica gel. In ceramics, cristobalite is employed in the manufacture of sanitary ware and as raw material for ceramic body for tiles.

The latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global cristobalite market to gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating a landscape for the growth of the global cristobalite market. The study also identifies growth avenues for stakeholders. The report provides insightful information about how the global cristobalite market is likely to expand during the forecast period of 2020 to 2030.

The report offers intricate dynamics about different aspects of the global cristobalite market that aid companies operating in the market in making strategic decisions. TMR’s study also elaborates on significant changes that are highly anticipated to configure the growth of the artificial marble industry with respect to the global cristobalite market during the forecast period.

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It also includes a key indicator assessment to highlight growth prospects of the global cristobalite market and estimates statistics related to growth of the market in terms of volume (tons) and value (US$ Thousand).

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Consolidated Nature of Cristobalite Market

The cristobalite market is dominated by large numbers of major players operating across the globes. The top three players — SCR-Sibelco NV, Silmer SA, and Hoben International Limited — cumulatively accounted for 91.6% share in 2019. SCR-Sibelco NV held 67.3% share of the global cristobalite market in 2019. The company’s success is primarily ascribed to its consistent production capacity expansion and development of new products. Silmer SA occupied 9.9% share of the cristobalite market in 2019, while Hoben International Limited constituted 14.4% share in the same year.

Leading Players in Cristobalite Market

TMR Latest News Publication: https://www.globenewswire.com/news-release/2022/05/03/2434802/0/en/Polyurethane-PU-Dispersions-Aqueous-and-Solvent-Market-to-Record-the-Consumption-of-779-3-Kilo-Tons-by-2031-States-TMR-Study.html

Rise in Demand for Paints & Coatings, and Investment Casting to Offer Lucrative Opportunities for Cristobalite Market

Cristobalite is employed as a filler in the manufacture of paints & coatings. It has fairly high hardness; consequently, it provides abrasion and scratch resistance to coatings. Cristobalite contributes to the visibility of road-marking paints as a filler with maximum brightness. Commonly used ingredients employed in the formulation of investment powder are gypsum, quartz, and cristobalite.

Cristobalite, which is the principal ingredient used in investment casting, provides high thermal expansion and high temperature thermal shock resistance. Investment casting is utilized in a wide range of applications such as dental casting materials and gold castings. For dental purposes, cristobalite is used in the production of dental impression materials and models of teeth. Cristobalite enables excellent dyeability and desired elasticity of the impression compound. Thus, an increase in the demand for paints & coatings and investment castings is estimated to augment the global cristobalite market.

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

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