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【English Market Research Report】Global Market for Specialty Silica

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The global specialty silica market was valued at 6.38 billion USD in 2022 and is expected to grow from 6.7 billion USD in 2023 to 9.9 billion USD by 2031, with a projected CAGR of 5% during the forecast period (2024-2031). The specialty silica market is expanding due to increased demand for paints, coatings, and rubber in sectors including construction and electric vehicles. The demand for specialty silica is likely to be significantly influenced by the substantial growth in EV production, which is expected to create favorable opportunities for the tire industry. The majority of the specialty silica market in North America is held by the United States. In the U.S., the electric vehicle (EV) market is dramatically expanding, leading to a demand for innovative and energy-efficient rubber tires. This expansion of domestic automobile production is likely to help the U.S. tire industry require specialty silica.

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