Non-silicates Market Adopts Innovation To Stay Competitive Forecast 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).
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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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