Global Fumed Silica Market - Forecasts from 2017 to 2022
Global fumed silica market is expected to witness a robust growth at a CAGR of 6.75% to grow from US$1.75 billion in 2017 to reach US$2.42 billion by the end of the forecast period as applications across end user industries continue to grow for thickening, abrasive, thixotropic, suspending or anti-caking, reinforcing and abrasive agent. Paint and coating is the major industry segment driving the demand for fumed silica over the forecast period. Growing popularity of eco-friendly paints is hampering the demand for fumed silica by paint manufacturers.
Hydrophilic fumed silica is the major segment of the global fumed silica market in terms of volume as well as value. Hydrophobic fumed silica segment is expected to grow at the fastest rate on account of increasing consumption of paints and coatings due to its water-repellent feature. This growth is also attributed to a surge in manufacturing of water repellent paints and coatings and construction of non-corrosive structures.
By Source of Metal
Global fumed silica market utilizes silicon and ferrosilicon as major raw materials, with ferrosilicon segment accounting for significant market share in terms of value in 2016. Increasing production of ferrosilicon over the past few years is also contributing to the market growth. Silicon metal segment of the fumed silica market is also expected to witness a substantial growth rate during the forecast period.
Over the forecast period, pharmaceutical application segment is expected to witness fastest growth rate. However, a moderate growth will be observed across building construction, paints and coatings industry.
Asia Pacific is expected to be the largest market for fumed silica during the forecast period and will witness the highest growth rate. The global fumed silica market is expected to grow at a steady pace owing to its high demand originating from developing countries such as China, India, and other fast growing sub-continent economies, on account of increasing awareness regarding its properties. North America fumed silica market accounted for considerable market share globally during 2016 and will witness a moderate adoption rate over the next five years.
Some of the prominent companies in the global fumed silica market are Evonik Industries AG, Wacker Chemie AG, Cabot Corporation, Tokuyama Corporation, and Dongyue Group Ltd among others. The fumed silica market is witnessing high competition as various companies are expanding to Asia Pacific region and setting up production units to take advantage of this high growing market.
The global fumed silica industry is segmented on basis of type, source of metal, application and geography.
- By Type
- Hydrophilic fumed silica
- Hydrophobic fumed silica
- By Source Of Metal
- Silicon Metal
- By Applications
- Building construction
- Silicone Rubber
- Paints, coatings and Inks
- Adhesives and Sealants
- Gel Batteries
- By Regions
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- South Africa
- Asia Pacific (APAC)
- South Korea
- North America
Key questions answered by the report
- What will be the Fumed Silica Market size from 2017 to 2022?
- How are the major drivers and restraints affecting the Fumed Silica Market growth and the opportunities which exist for key vendors?
- Which segment and region will drive or lead the market growth and why?
- A comprehensive analysis of competitive landscape and key market participants’ behavior.
- Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Overview and Segmentation
4.5. Porter's Five Forces
4.6. Supplier Outlook
4.7. Industry Outlook
4.8. Industry Value Chain Analysis
4.9. Scenario Analysis
5. Global Fumed Silica Market Forecast by Type (US$ Billion)
5.1. Hydrophilic fumed silica
5.1.1. Market Size and Forecast to 2022
5.2. Hydrophobic fumed silica
5.2.1. Market Size and Forecast to 2022
5.3. Global Fumed Silica Market Forecast by Source of Metal (US$ Billion)
5.3.1. Market Size and Forecast to 2022
5.4. Silicon Metal
5.4.1. Market Size and Forecast to 2022
5.5.1. Market Size and Forecast to 2022
6. Global Fumed Silica Market Forecast by Applications (US$ Billion)
6.1. Building construction
6.1.1. Market Size and Forecast to 2022
6.2. Silicone Rubber
6.2.1. Market Size and Forecast to 2022
6.3. Paints, coatings and Inks
6.3.1. Market Size and Forecast to 2022
6.4. Adhesives and Sealants
6.4.1. Market Size and Forecast to 2022
6.5.1. Market Size and Forecast to 2022
6.6. Gel Batteries
6.6.1. Market Size and Forecast to 2022
6.7.1. Market Size and Forecast to 2022
6.8.1. Market Size and Forecast to 2022
7. Global Fumed Silica Market Forecast by Geography (US$ Billion)
7.1. North America
7.1.1. The U.S.
188.8.131.52. Market Size and Forecast to 2022
184.108.40.206. Market Size and Forecast to 2022
220.127.116.11. Market Size and Forecast to 2022
7.2. South America
18.104.22.168. Market Size and Forecast to 2022
22.214.171.124. Market Size and Forecast to 2022
126.96.36.199. Market Size and Forecast to 2022
7.3.1. United Kingdom
188.8.131.52. Market Size and Forecast to 2022
184.108.40.206. Market Size and Forecast to 2022
220.127.116.11. Market Size and Forecast to 2022
18.104.22.168. Market Size and Forecast to 2022
22.214.171.124. Market Size and Forecast to 2022
7.4. Middle East and Africa
126.96.36.199. Market Size and Forecast to 2022
7.4.2. Saudi Arabia
188.8.131.52. Market Size and Forecast to 2022
184.108.40.206. Market Size and Forecast to 2022
7.4.4. South Africa
220.127.116.11. Market Size and Forecast to 2022
18.104.22.168. Market Size and Forecast to 2022
7.5. Asia Pacific (APAC)
22.214.171.124. Market Size and Forecast to 2022
126.96.36.199. Market Size and Forecast to 2022
188.8.131.52. Market Size and Forecast to 2022
7.5.4. South Korea
184.108.40.206. Market Size and Forecast to 2022
220.127.116.11. Market Size and Forecast to 2022
18.104.22.168. Market Size and Forecast to 2022
8. Competitive Analysis
8.1. Market Share Analysis
8.2. Investment Analysis
8.3. Recent Deals
8.4. Strategies of Key Player
9. Major Global Companies
9.1. Evonik Industries AG
9.1.3. Products and Services
9.1.4. Recent Developments
9.2. Wacker Chemie AG
9.2.3. Products and Services
9.2.4. Recent Developments
9.3. Cabot Corporation
9.3.4. Products and Services
9.3.5. Recent Developments
9.4. Tokuyama Corporation
9.4.3. Products and Services
9.4.4. Recent Developments
9.5.3. Products and Services
9.5.4. Recent Developments
9.6. OCI Corp.
9.6.3. Products and Services
9.6.4. Recent Developments
9.7. Guangzhou GBS Hi-tech. &Industrial Co., Ltd.
9.7.3. Products and Services
9.7.4. Recent Developments
9.8. Zhejiang FuShiTe Group Co., Ltd.
9.8.3. Products and Services
9.8.4. Recent Developments
9.9. Jiangxi Blackcat Carbon Black Co., Ltd.
9.9.3. Products and Services
9.9.4. Recent Developments
9.10.3. Products and Services
9.10.4. Recent Developments
9.11. Cargill, Inc.
9.11.3. Products and Services
9.11.4. Recent Developments
9.12. Dongyue Group Ltd.
9.12.3. Products and Services
9.12.4. Recent Developments