Cristobalite Market size to grow at a CAGR 4.2%, market value to reach USD 45 million by 2026
Acumen Research and Consulting
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As per research conducted by Acumen Research and Consulting, the global Cristobalite market size is expected to grow at considerable CAGR of 4.2%, market value to reach USD 45 million for the forecast period between 2019 and 2026.
Cristobalite is composed of silicon dioxide (SiO2), however the structure of cristobalite is noted as remote and hence it is called as a polymorph of silicon dioxide. Octahedron or spherulite, is a crystal structure of cristobalite. This mineral is colorless or white and quartz in character. Cristobalite has glass luster, it is being used in various industries. Mainly used as filler and stone for engineering. It’s used in ceramics, glasses, etc. The mineral is discovered in two distinct variants: namely high cristobalitis and low cristobalitis. Low cristobalite is found naturally and its relatively unstable at temperatures till 270°C. Severe cristobalitis occurs at temperatures beyond 270 °C. But at higher temperatures it is only stable. For this reason, the stable one is difficult to produce. The industrial production is chosen over naturally occurring cristophalite. In addition, like quartz, cristobalite was chemically inert; Therefore, is widely used as a filler in many processes and products.
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Dynamics of Cristobalite Market
Notion of the surface cladding is gaining popularity in both commercial and residential buildings, and stone continues to overcome aesthetic barriers for designing and functioning that have recently increased interest in wide range of the silica mineral. Consistency of color, pattern and the cristobalite in New Age stone varieties has shown to be quite important by consumers as it improves their appearance, improves the transparency and increases their durability.
Cristobalite is an important component of a wide range of sectors over the years, as it was formed in volcanic lava dome as a result of vapor phase mineralization as well as devitrification of the rock mass. The global cristobalite market surpassed USD 27 million in 2018 and market remains monopolistic amongst major cristobalite producers. Because the oil produced has increased, demand in construction is also high due to high luminosity and ease of weathering, its accessibility is limited to certain geological areas, major manufacturers like the Sibelco are focusing on synthetic production of cristobalite.
Manufacturers are being forced to create new material alternatives as Sibelco as demand for cristobalite exceeded supply in the year 2018. Cristobalite has been linked to numerous health issues, and this remains a challenge for cristobalite supplies. Replacing cristobalite with cheaper quartz and polymorphs in view of comparable structures and other properties can easily create another obstacle to market development. Given the rare ore and the availability of cheaper substitutes, the companies are focusing their investments on state-of-the-art cristobalite synthesis techniques that operate with sophisticated energy efficiencies and reduced emission levels.
Cristobalite Regional Market analysis
Given the nature of the product and geographical limitations of the sources, companies are quite reluctant to increase their presence in the Latin American countries and Middle Eastern countries due to their high import dependency along with high production costs. The Asia Pacific region continues to be at the center of the broader growth of cristobalite sector, big companies are looking to the region from both a manufacturing and commercial perspective. Continued urban industrialization and coupled with an increase in disposable income for spending on high-value products, has also led to a reorientation of focus.
Cristobalite Top Market Players
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silica market size estimated to grow at CAGR 9%, market value to reach USD 9.5 billion by 2026
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