Rice Straw Market for Silica Production to Grow at a CAGR of 5.5% from 2023-2031, reaching US$ 63.2 Million: As per TMR Study

PRESS RELEASE

Published March 31, 2023

WILMINGTON. DE / ACCESSWIRE / March 31, 2023 / Transparency Market Research Inc. - The rice straw market for silica production generated US$ 39.1 Million in 2022 and the global market is anticipated to reach US$ 63.2 Million by 2031. The global industry will grow at a CAGR of 5.5% between 2023 and 2031. Due to the growing demand for silica and the need for more sustainable and cost-effective alternatives, businesses are growing market demand for rice straw in the market.

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Rice straw is a valuable source of silica in various industries, including rubber, plastics, cosmetics, and pharmaceuticals. Excellent physical, chemical, and thermal properties allow it to be used for a variety of applications. With the low cost of rice straw compared with other sources of silica, such as sand and quartz, the use of rice straw in silica production is expected to grow.

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With the support of diverse stakeholders, intensive efforts are being made in Vietnam to promote the sustainable utilization of rice husks and other biomass resources for the production of electricity and heat. About 8.8 million tons of rice husk were generated from the harvest of 43.8 million tons of rice in 2019.

Approximately 9.21 tons of husks will be produced by 2025, according to the Ministry of Agriculture and Rural Development. Rice straw has seen rapid growth in recent years, mainly in countries such as India and China. In addition to a growing demand for silica in various industries, rice straw is readily available at an affordable price in these regions.

With India being the largest producer and exporter of rice straw for silica production, large quantities are shipped to the United States and Canada. The Chinese market for the production of silica from rice straw has also experienced rapid growth over the past few years.

Key Findings of the Market Report

Over the past few years, ceramic brick production has increased at a rate of 2% to 3%.
A growing population and urbanization will increase construction activity worldwide by 2% to 3% each year, boosting silica demand in the market.
Globally, the tire industry is expected to be the largest producer of silica in the market.
Growing investment in housing and the development of public institutions is anticipated to boost the rice straw market for silica production.
Rice husks are expected to be in high demand in the agricultural industry.
For agricultural purposes, silica is considered a natural resource that promotes plant growth and provides nutrients to plants.

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Global Rice Straw Market for Silica Production: Growth Drivers

In an effort to explore the potential for silica as an industrial material, rice straw, which is a by-product of rice farming, has gained prominence as a source of the mineral silica in cement, glass, and ceramics.
Unlike traditional sources of silica, rice straw offers a sustainable alternative to traditional sources of silica. A growing focus on reducing waste and carbon emissions into the environment has led to the growth of rice straws as a fuel in the market.
Numerous studies have been conducted to optimize the extraction of silica from rice straws and to develop new applications for the market. Research on rice straw as a silica source is expected to provide more efficient and cost-effective methods of treating silica in the market.
Compared to traditional sources of silica, they provide a cost-effective alternative, making them the preferred choice for businesses seeking to reduce production costs while maintaining a high level of quality in the market.
Governments are advocating the use of rice straw as a source of silica to reduce waste and carbon emissions from the agricultural sector. For example, in India, a program has been launched to promote the use of rice straw as a silica source.

Global Rice Straw Market for Silica Production: Regional Landscape

According to the report, the Asia Pacific rice straw market for silica production is expected to lead the global market.
Growing industrialization businesses in China, India, and the Middle East are expected to be major markets during the forecast period.
A rise in investments in biofuel projects will increase demand for silica production in the United States.
With China accounting for 65% of global silica production, the market for rice straw for silica production is expected to increase.
India produces more than 20 million tons of rice husk each year, thereby stimulating a market for the production of silica from rice husk.

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Global Rice Straw Market for Silica Production: Key Players

Key players are consolidating their market positions by acquiring, merging, and forming alliances in the market. Several recent developments have taken place in the market as it enters a competitive phase.

In January 2023, Solvay announced the launch of its first highly dispersible silica (HDS) made with sodium silicate, obtained from rice husk ash. By reusing rice husk as part of a local value chain, this breakthrough silicate process provides a circular solution at its Livorno, Italy plant.

Global Rice Straw Market for Silica Production: Segmentation

Silica Type

Amorphous Silica
Crystalline Silica

Technology

Sol-Gel method
Lye method
Precipitation method
Heat Treatment

Measuring Range

Up to 5g
5g-20g
Above 20g

Application

Fillers
Catalyst Support
Lithium-ion Battery
Glass and Ceramics
Others

Regions

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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