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Global Cristobalite Market it is expected to Reach More than US$ 38.7 Mn by 2027

Cristobalite is a naturally-occurring mineral. It can be found in the ashes of volcanic eruptions and in a relatively smaller number of rock types limited to specific geographic regions. Cristobalite commonly used in industrial applications such as manufacturing of glass fibers, ceramics, rubber and coatings and construction-related activities such as road building, sanding of roads in winter, and as a cement additive.

Rise in demand for glass & ceramics, paints & coatings is anticipated to drive the demand for cristobalite. It is widely used in the manufacturing of the paints and coatings owing to its presence improves the coating’s resistance to dirt from the atmosphere. Furthermore, the usage of coarse cristobalite grades will ensure texture to the surface of the coating, in addition, its inertness supports good UV and weatherability performance to exterior architectural coatings

Global Cristobalite Market was Valued at US$ 25.4 Mn in 2018 and it is Expected to Reach More than US$ 38.7 Mn by 2027, Likely to Grow with the CAGR of 4.8 % During the Forecast Period.”

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The sand form of cristobalite was the largest segment, accounting for over 80.0% of global revenue share in 2018 and this trend is expected to continue over the forecast period. As the sand form of cristobalite used as an alternative to the milled flour which is used in paint & coating applications, manufacturers are wary about spending on other forms.

The building & construction constituted a prominent share of the global cristobalite market in 2018 and it is projected to grow at a significant CAGR of above xx % during the forecast period. Cristobalite is extensively used to manufacture cement. It is also widely employed in road markings due to its excellent wear resistance.

The Asia Pacific accounted for a major share of the global cristobalite market in 2018 and is expected to be the fastest-growing region with register a CAGR of over xx % over the forecast period. An increase in building and construction activities across the Asia Pacific is boosting the demand for cristobalite sand and milled flour in cement and road marking applications. This, in turn, is driving the cristobalite market in the Asia Pacific. China and Vietnam are prominent producers and consumers of cristobalite in the region. Furthermore, the demand for paints and coatings is high in the region, especially in China, Japan, and South Korea is also fuel the regional market.

The global Cristobalite market is dominated by the top three players includes Quarzwerke GmbH, SCR-Sibelco NV, and Hoben International Limited accounted for more than 70% share in 2018.  Some of the key players in the global Cristobalite market are SCR-Sibelco NV, C.E.D. Process Minerals, Inc., Goldstar Powders Pvt. Ltd, Silmer SA, Quarzwerke GmbH, Lianyungang Changtong Silica Powder Co., Ltd, Donghai County Changtong Silicon Micropowder Co., Ltd, and Hoban International Limited

Impact of COVID-19 on Economy, Industry and Company 

The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.

At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.

Areas at which Bizizz Market Research would help decision makers are:

a) Insights on current demand & supply gap analysis

b) Impact on value chain and supply chain and strategies adopted to off set its impact           

c) Impact on Industry / company revenue and predictive intelligence on forecast sales

d) In-depth analysis on market segmentation – both value and volume analysis

e) Market assessment, regional and country attractiveness, competitive benchmarking                         
    and entry strategy

f) Prioritizing strategies and how it would impact company’s short to long-term business
    outlook 

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