Cristobalite Market Overview
Cristobalite Market size is forecast to reach US$48.2 million by
2027, after growing at a CAGR of 4.3% during 2022-2027. Cristobalite is a polymorph of silica that
is formed at very high temperatures. Cristobalite occurs as white octahedra
or spherulites in acidic volcanic rocks and is used in dentistry
as a component of alginate impression material. Major factors that
are expected to boost the growth of the cristobalite market in the forecast
period are the swiftly growing ceramic adoption, the increasing demand for
cristobalite in the engineered stones market because it enhances the
functionality of the stones, and the rise in the demand for paints, coatings,
and sealants. Furthermore, it is projected that the bolstering
construction and automotive industry will increase the demand for paints,
coatings, cement, ceramic, and more, which will also contribute towards the
market growth during the forecast period.
COVID-19 Impact
The construction industry was one of the hardest hit by COVID-19, as
it had already been dealing with a liquidity crisis for more than a year as the
financial sector's non-banking financial institutions collapsed. Several
projects were left unfinished during the pandemic as a result of a lack of
funding. During the pandemic, construction output was significantly reduced as
a result of these factors. For instance, as per the Office for National
Statistics, the construction industry in the United Kingdom was 11.6 percent
lower in July 2020 than it was in February 2020. In August 2020, the level of
construction activity in the United Kingdom was 10.8% lower than in February
2020. Furthermore, manufacturers were stranded on raw material orders as a
result of the COVID-19 area's lockdown, which had a significant impact on the
logistics industry. Due to this decline in construction activities, there was a
decrease in demand for paints, coatings, ceramics, cement, and more, which
significantly reduced the demand for cristobalite, thereby limiting the market
growth in 2020.
Report Coverage
The report: “Cristobalite
Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth
analysis of the following segments of the Cristobalite Industry.
Key Takeaways
- Asia-Pacific dominates the cristobalite market, owing to the increasing demand for paints and coatings in the region. For instance, according to the Japan Paint Manufacturers Association (JPMA), in 2019, the total synthetic resin base paints and coating manufactured in Japan was 1,101,715 tons, which was about 1.2% higher when compared with 2018.
- With the rising migration of people towards urban areas, there is a strong need to build a greater number of residential houses, which will have a positive impact on the cement industry and thereby accelerate the demand for the cristobalite market.
- An increase in R&D in transparent ultrafine mineral filler technologies has opened doors for cristobalite in the artificial marble and paints and coatings industries.
- Cristobalite-related products are often used in the foundry and metallurgical industry. Over the forecast period, the market is expected to be driven by the growing foundry and metallurgical industry.
Figure: Asia-Pacific Cristobalite Market Revenue, 2021-2027 (US$ Million)
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Cristobalite Market Segment Analysis – By Application
The paints & coatings segment held the largest share in the cristobalite
market in 2021 and is forecasted to grow at a CAGR of 6.2% during 2022-2027. Cristobalite
possesses properties such as high brightness, relatively high Mohs hardness of
6.5, relatively low refractive index (making it a transparent filler), easy wetting,
high inertness in various media, transparency for UV
radiation. Owing to these properties cristobalite is often used in formulating
paints & coatings. There is a surge in the production and demand for paints
and coatings. For instance, according to British Coatings Federation (BCF), due
to continued strong consumer demand for DIY commodities such as paints and
wallcoverings, as well as a strong manufacturing and construction industry
rebound, the first 5 months of 2021 achieved remarkable sales results in
both industrial and decorative coatings in the United Kingdom. Overall,
paint and coatings sales in the UK increased by 24% compared to the same period
in 2020. Thus, all the advantageous properties of cristobalite coupled with the
expanding paint and coatings industry is stimulating the growth of the market.
Cristobalite Market Segment Analysis – By End-Use Industry
The building and construction segment held the largest share in the cristobalite
market in 2021 and is forecasted to grow at a CAGR of 8.7% during 2022-2027,
due to the increasing usage of cristobalite in the residential, commercial,
industrial, and infrastructure sectors in the application areas such as paints,
coatings, ceramics, cement, and more. Cristobalite is primarily used as a
filler and reinforcing agent for gypsum plaster in residential construction. It
can be used alone or in combination with other materials to create a variety of
finishes, such as stucco, paintable plasters, thick coatings, and so on, that
are suitable for both interior and exterior applications, depending on market
demand. Cristobalite is a mineral that is used in the construction of
commercial buildings for insulation, filtration, and soundproofing. Because of
its low conductivity, it has thermal insulating properties that provide high
resistance to heat transfer. Cristobalite (Silica) also reduces the rate of
build-up on HVAC coils by reducing condensation, which is particularly useful
during the heating and cooling seasons. Thus, the wide application of cristobalite
in the building and construction industry is the major factor boosting market
growth.
Cristobalite Market Segment Analysis – By Geography
Asia-pacific region held the largest share in the cristobalite market in 2021 up to 43%, owing to spiraling demand for cristobalite from the flourishing building and construction industry in the region. The building & construction sector is expanding in Asia-Pacific countries. For instance, according to the International Trade Administration (ITA), in 2020, the Korean construction industry, which includes public and private infrastructure as well as civil engineering services, experienced double-digit growth of 16.9%. Despite the COVID-19 surge, the industry generated revenue of $164 billion (KRW194 trillion). In January 2022, Honda-Dongfeng announced to build an electric-vehicle production plant in Wuhan. In November 2021, Chinese electronics manufacturer Xiaomi announced its plan to build an automobile manufacturing plant in Beijing with an annual capacity of three lakh vehicles. By 2024, the facility will be operational and will produce electric vehicles. According to the Australian Bureau of Statistics, private sector houses rose 15.1 percent monthly and 57.5 percent annually in February 2021, in seasonally adjusted terms (ABS). According to the Vietnam Ministry of Construction, the average house floor area per person in Vietnam will be 27 square meters by 2025, with 28 square meters in urban areas and 26 square meters in rural areas. Thus, the increasing building & construction industry in APAC is the major factor boosting the market growth during the year 2021 and the forecast period.
Cristobalite Market Drivers
Increasing Electric Vehicle Production
Cristobalites are often used in paints and coatings production. And paints & coatings are widely used in electric vehicles to provide outstanding resistance to water, oil, chemicals, weather, and more. Electric vehicle production and adoption are expected to rise around the world. According to Invest India, the Indian EV market is expected to grow at a CAGR of 44 percent between 2020 and 2027, with annual sales reaching 6.34 million units by 2027. California has mandated that by 2035, all new passenger vehicles sold in the state by 100% electric. The recently unveiled American Jobs Plan proposes a total of US$174 billion in incentives, rebates, and investments to promote the production and adoption of electric vehicles. GM has also proposed that all diesel and gasoline-powered cars be phased out by 2035, with the entire fleet being converted to electric vehicles. As a result, it is expected that a gradual shift toward electric vehicles will boost demand for paints and coatings, thereby propelling the cristobalite market forward.
Increasing Demand for Foundry & Metallurgy
Cristobalite is often used for manufacturing abrasives. And abrasives
are primarily used in the foundry and metallurgy industry because their grains
can penetrate even the hardest metals and alloys. Applications for abrasives in
the foundry and metallurgy industry generally fall in the following categories:
cleaning of surfaces and the coarse removal of excess material, shaping (as in
form grinding and tool sharpening), sizing (primarily in precision grinding),
and separating (as in cut-off or slicing operations). The foundry and
metallurgy market is growing. For instance, the foundry sector in the country
is expected to witness an annual growth of 13-14 percent. This would see the production
of castings increase from 11.5 million tonnes to 14-15 million tonnes by 2021
and 20 million tonnes by 2025. According to Statistics Canada, in 2018, foundries
manufacturing revenues reached US$3.2 billion compared to US$3.0 billion in
2017, an increase of 9.2%. With the growing foundry and metallurgy industry,
the demand for cristobalite is also significantly increasing, thereby driving
the market growth during the forecast period.
Cristobalite Market Challenges
Health Hazards Related to Cristobalite
Cristobalite when coming into contact with humans for an extended
period poses serious health risks. The substance has the potential to harm the
lungs and kidneys, cause silicosis, trigger autoimmune diseases, and cause
cancer in humans. Cristobalite dust was found to be carcinogenic to humans and
could cause cancer, according to the International Agency for Research on
Cancer. This substance causes organ damage through prolonged or repeated
exposure, may cause cancer, is suspected of causing cancer, and is harmful if
inhaled, according to the classification provided by companies to ECHA in CLP
notifications. Cristobalite can cause a variety of health problems, including
eye and nose irritation. Lung cancer, reproductive damage, and tuberculosis are
all possible side effects. As a result, various regulatory bodies are
constantly monitoring cristobalite production, which is limiting the market
over the forecast period.
Cristobalite Industry Outlook
Technology launches,
acquisitions, and R&D activities are key strategies adopted by players in
this market. Cristobalite top 10 companies include:
- Sibelco
- C.E.D. Process Minerals Inc.
- Hoben International Limited
- Goldstar Powders
- Silmer SAS
- Quarzwerke Gmbh
- Donghai Changtong silica powder
Co. Ltd.
- Lianyungang Changtong Silica
Powder Co. Ltd
- Heraeus Holding
- Jinyu Advanced Material Co.
Ltd.
Recent Developments
- In September 2019, U.S. Silica has established a cutting-edge facility that will produce industrial roofing and construction products (including cristobalite) for sale in the United States and abroad.
- In March 2019, Grenzebach develops and installed a cristobalite production plant in Vietnam capable of producing 80,000 tonnes cristobalite per year.
- In January 2019, U.S. Silica Holdings, Inc. has purchased a former ceramic proppant facility in Millen, Georgia, which will be converted into a high-end product manufacturing facility for the company's Industrial and Specialties Products (ISP) division. One of the products will be cristobalite.
Relevant Reports
LIST OF TABLES
1.Global Cristobalite and Value Analysis, by Form Market 2023-2030 ($M)2.Global Competition Landscape Market 2023-2030 ($M)
3.Global Cristobalite and Value Analysis, by Form Market 2023-2030 (Volume/Units)
4.Global Competition Landscape Market 2023-2030 (Volume/Units)
5.North America Cristobalite and Value Analysis, by Form Market 2023-2030 ($M)
6.North America Competition Landscape Market 2023-2030 ($M)
7.South America Cristobalite and Value Analysis, by Form Market 2023-2030 ($M)
8.South America Competition Landscape Market 2023-2030 ($M)
9.Europe Cristobalite and Value Analysis, by Form Market 2023-2030 ($M)
10.Europe Competition Landscape Market 2023-2030 ($M)
11.APAC Cristobalite and Value Analysis, by Form Market 2023-2030 ($M)
12.APAC Competition Landscape Market 2023-2030 ($M)
13.MENA Cristobalite and Value Analysis, by Form Market 2023-2030 ($M)
14.MENA Competition Landscape Market 2023-2030 ($M)
LIST OF FIGURES
1.US Cristobalite Market Revenue, 2023-2030 ($M)2.Canada Cristobalite Market Revenue, 2023-2030 ($M)
3.Mexico Cristobalite Market Revenue, 2023-2030 ($M)
4.Brazil Cristobalite Market Revenue, 2023-2030 ($M)
5.Argentina Cristobalite Market Revenue, 2023-2030 ($M)
6.Peru Cristobalite Market Revenue, 2023-2030 ($M)
7.Colombia Cristobalite Market Revenue, 2023-2030 ($M)
8.Chile Cristobalite Market Revenue, 2023-2030 ($M)
9.Rest of South America Cristobalite Market Revenue, 2023-2030 ($M)
10.UK Cristobalite Market Revenue, 2023-2030 ($M)
11.Germany Cristobalite Market Revenue, 2023-2030 ($M)
12.France Cristobalite Market Revenue, 2023-2030 ($M)
13.Italy Cristobalite Market Revenue, 2023-2030 ($M)
14.Spain Cristobalite Market Revenue, 2023-2030 ($M)
15.Rest of Europe Cristobalite Market Revenue, 2023-2030 ($M)
16.China Cristobalite Market Revenue, 2023-2030 ($M)
17.India Cristobalite Market Revenue, 2023-2030 ($M)
18.Japan Cristobalite Market Revenue, 2023-2030 ($M)
19.South Korea Cristobalite Market Revenue, 2023-2030 ($M)
20.South Africa Cristobalite Market Revenue, 2023-2030 ($M)
21.North America Cristobalite By Application
22.South America Cristobalite By Application
23.Europe Cristobalite By Application
24.APAC Cristobalite By Application
25.MENA Cristobalite By Application