Fumed Silica Market Size, Trend and Forecast to 2029
Global Fumed Silica Market, By Product Type (BET 100–160, BET 160–210, BET 210–300, Others), Type (Hydrophilic Fumed Silica, Hydrophobic Fumed Silica), Application (Paints and Coatings, Inks, Adhesives and Sealants, Pharmaceuticals, UPR, Gel Batteries, Lighting, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Fumed Silica Market
Fumed silica market is expected to grow at a compound annual growth rate of 7.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on fumed silica market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
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Fumed silica is the kind of silica which contains microscopic droplets of amorphous silica and is used worldwide as a common thickening agent and anticaking agent in powders. It is also termed as pyrogenic silica, largely used in several industries such as coatings, paints, adhesives, sealants, cosmetics, plastics and unsaturated polyester resins. Fumed silica is also used in the paints and coating industries, as the anti-settling agent.
The rising R&D efforts on new product derived from fumed silica have highly influenced growth of the fumed silica market. In line with this, the cost effective nature of fumed silica when compared to the precipitated silica is also acting as a key determinant favoring the growth of the fumed silica market over the forecast period of 2021 to 2028. Also the rapid shift toward bio-based products led by environmental issues, growing demand of beauty and personal care products, favorable trends coupled with building and construction sector, and changes in government policies and upcoming government projects towards water and waste water treatment are also positively impacting the growth of the fumed silica market. The major factor accountable for the growth of the market is the growing need to improve pharmaceutical production processes.
However, the dearth of awareness regarding the benefits of fumed silica over precipitated silica and high prices of the product may act as key restraint towards fumed silica market growth rate in the forecast period of 2021 to 2028, whereas the major threat from substitutes such as precipitated silica have the potential to challenge the growth of the fumed silica market in the above mentioned forecast period.
Furthermore, the rising usage of fumed silica in respected end-use applications as well as the rapid surge in manufacturing of water repellent paints and coatings and construction of non-corrosive structures will further offer a variety of growth opportunities for the fumed silica market in the above mentioned forecast period.
This fumed silica market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on fumed silica market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fumed Silica Market Scope and Market Size
Fumed silica market is segmented on the basis of product type, type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of product type, the fumed silica market is segmented into bet 100–160, bet 160–210, bet 210–300 and others.
Based on type, the fumed silica market is segmented into hydrophilic fumed silica and hydrophobic fumed silica.
The application segment for fumed silica market is segmented into paints and coatings, inks, adhesives and sealants, pharmaceuticals, UPR, gel batteries, lighting and others.
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Fumed Silica Market Country Level Analysis
Fumed silica market is analyzed and market size, volume information is provided by country, coating type, material type and application as referenced above.
Asia-Pacific leads the fumed silica market because of the growing usage of fumed silica in paints and coatings, adhesives and sealants, UPR and gel batteries applications as well as strong presence of industries within this particular region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to high growth in transportation sector along with continuous research and development activities and huge government expenditures within the region.
Competitive Landscape and Fumed Silica Market Share Analysis
Fumed silica market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fumed silica market.
The major players covered in the fumed silica market report are Norchem, Inc., Elkem ASA, Elkon Products Inc., Dow, BASF SE, Cementec Industries Inc.,Kryton International Inc., Brock White Company, LLC, Cargill, Incorporated, Bisley & Company Pty Ltd., Rockfit Corporation, SHANGHAI TOPKEN SILICA FUME CO. LTD., Kemitura A/S, Cabot Corporation, Evonik Industries AG, AMS Applied Material Solutions, Tokuyama Corporation, AGSCO Corp., Wacker Chemie AG, and Heraeus Holding among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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