Impact of COVID-19 on Economy, Industry and Company The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in significant demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identify various methodologies which would assist C-Level executive to counter this ongoing threat and make informed business decision.
Kindly contact us to know more details: https://www.bizizzmarketresearch.com/contact
"Global Cristobalite Market was Valued at US$ 26.6 Mn in 2019 and it is Expected to Reach More than US$ 40.5 Mn by 2028, Likely to Grow with the CAGR of 4.8 % During the Forecast Period."
Cristobalite is a naturally-occurring mineral. It can be found in the ashes of volcanic eruptions and in a relatively smaller number of rock types limited to specific geographic regions. Cristobalite commonly used in industrial applications such as manufacturing of glass fibers, ceramics, rubber and coatings and construction-related activities such as road building, sanding of roads in winter, and as a cement additive.
Rise In Demand For Glass & Ceramics, Paints & Coatings Is Anticipated To Drive The Demand For Cristobalite
Cristobalite is widely used in the manufacturing of the paints and coatings owing to its presence improves the coating’s resistance to dirt from the atmosphere. Furthermore, the usage of coarse cristobalite grades will ensure texture to the surface of the coating, in addition, its inertness supports good UV and weatherability performance to exterior architectural coatings.
While the combination of refractive index, brightness, and color, paints including cristobalite will give excellent reproducible color results when working with tinting systems. Cristobalite is one of the fillers with the highest brightness. This contributes to the visibility of road-marking paints. Coarse grades of cristobalite provide roughness to the substrate, making it less slippery in general and wet conditions. This helps provide better visibility in wet conditions. Being resistant to UV radiation, cristobalite reduces the degradation of coatings.
Moreover, an increase in R&D activities regarding transparent ultrafine mineral filler technologies has created opportunities for cristobalite in paint & coating and building & construction industries this is likely to drive the Cristobalite market in the coming years.
However, the availability of substitutes such as quartz and other polymorphs with similar chemical composition and physical and chemical properties as cristobalite along with the low prices of quartz and other polymorphs as compared to cristobalite these factors hampering the cristobalite market.
The Sand Form is Expected to Dominate the Cristobalite Market During the Forecast Period
The sand form of cristobalite was the largest segment, accounting for over 80.0% of global revenue share in 2019 and this trend is expected to continue over the forecast period.
As the sand form of cristobalite used as an alternative to the milled flour which is used in paint & coating applications, manufacturers are wary about spending on other forms. Considering the demand for dust- and weather-resistant exterior paints from the residential construction sector in developing countries, manufacturers will remain focused on strengthening the production of cristobalite sand.
The Building & Construction Segment Held a Significant Share In Global Cristobalite Market In 2019
The building & construction constituted a prominent share of the global cristobalite market in 2019 and it is projected to grow at a significant CAGR of above xx % during the forecast period. Cristobalite is extensively used to manufacture cement. It is also widely employed in road markings due to its excellent wear resistance.
Cristobalite is employed in the manufacture of wear and scratch-resistant glass and ceramic products, which are used in various end-use applications across the globe. Cristobalite is used as a major raw material in the manufacturing of investment casting (precision casting) products due to its high melting point.
The Market in North America Expected To Hold a Significant Share in Cristobalite Market over the Forecast Period
North America is a prominent region in terms of the consumption of cristobalite and is expected to grow at CAGR of above xx % during the forecast period. The U.S. has the largest share in the cristobalite market in North America. The growing demand for cristobalite in applications such as building & construction, paints & coatings, glass & ceramics, foundry casting, and industrial chemicals is expected to drive the demand for cristobalite in the U.S. during the forecast period.
An increase in the number of nuclear families and a rise in the number of first-time homebuyers are projected to boost the building & construction sector in the U.S., which is one of the major consumers of cristobalite in North America.
The Asia-Pacific Region Is Projected To Register a Highest Growth in the Cristobalite Market during the Forecast Period
The Asia Pacific accounted for a major share of the global cristobalite market in 2019 and is expected to be the fastest-growing region with register a CAGR of over xx % over the forecast period.
An increase in building and construction activities across the Asia Pacific is boosting the demand for cristobalite sand and milled flour in cement and road marking applications. This, in turn, is driving the cristobalite market in the Asia Pacific. China and Vietnam are prominent producers and consumers of cristobalite in the region. Furthermore, the demand for paints and coatings is high in the region, especially in China, Japan, and South Korea is also fuel the regional market.
The rapid urbanization and rise in the demand for cristobalite in the building & construction industry are boosting the demand for cristobalite in the Asia Pacific. China, India, and Japan are the major consumers of cristobalite, as these are the fastest-growing economies in the region.
The Asia Pacific is also one of the major producers of paints and coatings, plastics, and adhesives along with glass and ceramic industries which have also been expanding significantly in the region.
The global Cristobalite market is dominated by the top three players includes Quarzwerke GmbH, SCR-Sibelco NV, and Hoben International Limited accounted for more than 70% share in 2019. Some of the key players in the global Cristobalite market are SCR-Sibelco NV, C.E.D. Process Minerals, Inc., Goldstar Powders Pvt. Ltd, Silmer SA, Quarzwerke GmbH, Lianyungang Changtong Silica Powder Co., Ltd, Donghai County Changtong Silicon Micropowder Co., Ltd, and Hoban International Limited
Global Cristobalite Market Key Segments:
Cristobalite Market, By Form
- Milled Flour
Cristobalite Market, By Application
- Construction Activities
- Cement Manufacturing
- Road Building
- Others (including Sanding of Roads and Resin Injection Systems)
- Glass & Ceramics
- Paints & Coatings
- Foundry Casting
- Sports & Leisure Goods
- Industrial Chemicals
- Oil Field Chemicals
Cristobalite Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America