New York, March 08, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Nanosilica Global Market Report 2021: COVID-19 Growth And Change” – https://www.reportlinker.com/p06033666/?utm_source=GNW
The global nanosilica market is expected to grow from $3.18 billion in 2020 to $3.61 billion in 2021 at a compound annual growth rate (CAGR) of 13.47%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.74 billion in 2025 at a CAGR of 7.04%.
The nanosilica market consists of the sales of nanosilica products and related goods by entities (organizations, sole traders and partnerships) that are engaged in various fields such as medical, electrical & electronics, chemicals, construction, and others.Nanosilica is an allotrope of silicon, which is the second most abundant element in the earth’s crust.
Only goods and services traded between entities or sold to end consumers are included.
The nanosilica market covered in this report is segmented by type into P type, S type, type III. It is also segmented by raw material into rice husk, olivine, bagasse, others and by application into rubber, health and medicine, food, coatings, plastic, concrete, gypsum,…