Growth in the cosmetic industry to drive the demand for sili… – MENAFN.COM

Growth in the cosmetic industry to drive the demand for sili… – MENAFN.COM

(MENAFN - GetNews) Silica Flour Market by Type (Quartz, Cristobalite), End Use (Fiberglass, Foundry, Glass & Clay, Ceramic & Refractory, Oil Well Cement) and Region (North America, APAC, Europe, South America, Middle East & Africa) The global silica flour market size is projected to grow from USD 563 million in 2021 to USD 684 million by 2026, at a CAGR of 3. 94% from 2021 to 2026. The silica flour market is expected to witness moderate growth in the coming years due to its increased demand across the construction, fiberglass, foundry, oil well cementing, and cosmetics industries. Silica flour is used in cosmetics as a natural absorbent. Skin products have gained the attention of the masses in recent times, and people of all age groups use them. Since most skin products are manufactured using silica flour, the demand for silica flour has increased globally in recent years. According to Cosmetics Europe (The Personal Care Association), the cosmetic industry was valued at EUR 79. 8 billion at a retail sales price in 2019, and the European cosmetics and personal care market is the largest in the world. Globally, the economic development in emerging countries has further increased the utilization of cosmetic