NON-SILICATES MARKET ANALYSIS
Non-silicates Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
The global non-silicates market size is expected to witness potential gains in the future, and register a significant CAGR over the forecast period (2019 - 2027).
Market Overview
Non-silicates are a type of material that do not contain silicon. Several of the non-silicates are economically important. Non-silicates can be divided into several mineral groups such as native elements, sulfides, oxides and hydroxides, halides, and others. Non-silicates find application in several industries such as energy, fertilizers, and chemicals. Non-silicates are used to produce iron ore, plaster, table salt, cement, drugs, and chemicals.
Market Dynamics
Increasing demand for iron ore from end-use industries such as construction is expected to boost the global non-silicates market growth. Hematite is a non-silicate and is an important ore of iron. It is also used to make red paint and jewelry. Another non-silicate, magnetite is also a major iron ore. Increasing demand for cement from the construction industry is also expected to drive growth of the non-silicates market. Calcite, a non-silicate, is used to produce cement.
However, stringent government regulations on mining is expected to hinder growth of the market. Excessive, mining may lead to erosion, sinkholes, loss of biodiversity, or the contamination of soil and groundwater.
Increasing research on use of non-silicates in the field of nono-technology is expected to offer lucrative growth opportunities for players in the market. Non-silicate minerals such as gold, silver, and graphite find application in the field of nono-technology. Sliver nanoparticles can be used in food packaging. Key players in the market can focus on expanding their business in the nano-technology field though collaborations and other strategies in order to expand their market share.
Market Outlook
Among regions, Africa is expected to hold dominant position in the global non-silicates market, owing to presence of major mining industries in the region. Asia Pacific is expected to be the fastest growing region in the market. This is attributing to significant growth of the construction industry in the region that has led to high demand for iron and cement.
North America is expected to witness significant growth in the market, owing to increasing research and development in the field of nanomaterials. The market growth rate in Europe may be competitively low, owing to strangest regulation on mining activities.
Key Players
Key players operating in the global non-silicates market include, Freeport-McMoRan Inc., Anglo American Plc., Tata Steel Ltd., and Aluminum Corporation of China Limited.
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