The global Spherical Silica Powder market was valued at USD 417.63 million in 2019 and is expected to reach USD 640.39 million by the end of 2026, growing at a CAGR of 6.21% between 2020 and 2026.
Spherical silica powder refers to the spherical silicon dioxide powder material made of irregular corner silicon powder by process of flame and fusion method, VMC Method, etc. It is featured by small surface area, good liquidity and low stress. They are widely used in semiconductor encapsulation material filler.
Global Spherical Silica Powder Market- Key Players
Micron, Denka, Tatsumori, Admatechs, Shin-Etsu Chemical, Imerys, Sibelco Korea, Jiangsu Yoke Technology, NOVORAY, are some of the key players, functioning in the global Spherical Silica Powder market. Denka is the world leader, holding 31.27% production market share in 2019. As Chinese companies like Jiangsu Yoke Technology keep expanding production capacity in recent years, the market share of China product is expected to expand.
In application, spherical silica downstream is wide and recently spherical silica has acquired increasing significance in various fields of semiconductor encapsulation material filler. Filler is a major application of spherical silica, it can be used in epoxy moulding compounds (EMC). It is the additive to increase fluidity and reduce flash in various types of resins (epoxy resins, etc.), such as semiconductor sealants, filler for liquid type sealants, various types of resin fillers, etc. In 2019, the spherical silica sales in filler was 88018 MT, and it will reach 156927 MT in 2026.
Global Spherical Silica Powder Market: Regional Analysis
Japan, China, Korea, USA, Southeast Asia are analyzed in the report. Japan monopolized the spherical silica market in recent years. In global market, the production of spherical silica reached to 106213 MT in 2019 and is led by Japan, capturing more than two third of global spherical silica production. The follower is Southeast Asia, owning about 13.73% production share. China is the region with fastest growth in recent years. In 2015, China only accounted for 4.19% share while in 2019, the share has changed to 13.62.
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