The global fumed silica market is projected to witness a CAGR of 4.28% during the forecast period to reach a total market size of US$752.185 million by 2026, increasing from US$560.942 million in 2019.
Introduction: Definition and Properties.
Fumed silica is a unique material due to its peculiar characteristics. Fumed silica has several unique properties like sag resistance, free-flow, anti-caking, corrosion resistance, absorbency, reinforcement, scratch, and abrasion resistance. The distinguishing factors make fumed silica a widely used raw material in various industries ranging from agriculture to cosmetics. These inimitable features induce colossal market growth.
Unique functions and applications driving the market.
Fumed silica has two primary functions. Reinforcement increases the strength of various materials, allowing them to be used in a wider number of applications by the user's exact requirements. Rheology control allows customers to tailor the viscosity of a system to their requirements. It is used as a thickening agent, as a desiccant, and a viscosity adjuster.
Fumed silica is an extremely small particle with enormous surface area, high purity, and a tendency to form chains in the chemical manufacturing process. They need to be packed in multiple paper bags, drums, or super sacks. Development in packaging technologies has also aided to extend the silica market as it made transportations and preservation easier.
By type, the hydrophilic segment is projected to be the largest segment in the fumed silica market. This silica has superior properties making it suitable for different types of use. Geographically, the APAC region is expected to hold the largest market share due to several industrial growths and expansions. By application, elastomers (silicon rubber) will have significant growth. Silicone elastomers are used in a wide variety of products, like voltage line insulators, cooking, baking, and food storage products; undergarments, sportswear, and footwear; electronics; medical devices and implants; and in household gaskets.
Owing to its distinctive characteristics and functions, the uses of fumed silica have spread from pharmaceuticals, construction, paints and sealants, cement, and many more. Fumed silica has eased the production of tablets and capsules as an absorbent and anti-caking agent. As the pharmaceutical industry continues to grow, more so in the current years, the demand for silica will also rise. The increased demand in the paints, coating & sealants industry is also expected to drive the demand for fumed silica across the globe during the estimated period. It is used to control rheological characteristics, helps in the prevention of rust and corrosion. In the adhesive industries, fumed silica is used to increase the product viscosity, improve anti-settling, control the extrusion, and impart anti-sag. This leads to the betterment of the adhesive industries thereby, expanding the fumed silica market. The adhesive industry is a major supplier in the automobile industry. The growth of automobiles will also fuel the silica market. Likewise, fumed silica serves as a raw material in a range of diverse industries. As the dependent industries grow, the market for fumed silica will also expand.
Fumed silica is used in a variety of personal care and cosmetics products from toothpaste to hair spray, from setting powders to fragrances. As fumed silica is available in both liquid and powder formulations, it can be incorporated into different kinds of products. Silica is used in a wide range of cosmetics and personal care products including bath products, eye makeup, hair care products, makeup, nail care products, oral hygiene products, and skincare products. The beauty industry is ever-expanding with innovative products being launched periodically. The mounting uses of fumed silica in these products positively affect the growth of the silica market.
Despite the growth of the fumed silica market, some factors curb its expansion. Some restraining factors include government regulation and ill-effects on health. These aspects challenge the market growth as R&D practices search for alternative options.
Medicine and drugs have shown positive growth due to the impact of Covid. The growth in the pharmaceutical industry has helped the fumed silica market to sustain in the bleak period.
The market leaders for the Global Fumed Silica market are Evonik Industries AG, Wacker Chemie AG, Cabot Corporation, Tokuyama Corporation, Orisil, Zhejiang FuShiTe Group Co., Ltd, Guangzhou GBS High-Tech. & Industry Co., Ltd, Dongyue Group Ltd, and Boehle Chemical, Inc. The key players in the market implement growth strategies such as product launches, mergers, and acquisitions, etc. to gain a competitive advantage over their competitors. For Instance,
|Market size value in 2019||US$560.942 million|
|Market size value in 2026||US$752.185 million|
|Growth Rate||CAGR of 4.28% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Application, End-Use Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Evonik Industries AG, Wacker Chemie AG, Cabot Corporation, Tokuyama Corporation, Orisil, Zhejiang FuShiTe Group Co., Ltd, Guangzhou GBS High-Tech. & Industry Co., Ltd, Dongyue Group Ltd, Boehle Chemical, Inc|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global fumed silica market?
A1. Fumed Silica Market was valued at US$560.942 million in 2019.
Q2. What will be the fumed silica market size by 2026?
A2. The global fumed silica market is projected to reach a total market size of US$752.185 million by 2026.
Q3. What are the growth prospects for the fumed silica market?
A3. The fumed silica market is projected to witness a CAGR of 4.28% during the forecast period.
Q4. What factors are anticipated to drive the fumed silica market growth?
A4. The increased demand in the paints, coating & sealants industry is also expected to drive the demand for fumed silica market growth.
Q5. Which region holds the maximum market share of the fumed silica market?
A5. Geographically, the APAC region is expected to hold the largest share of the fumed silica market due to several industrial growths and expansions.
Evonik Industries AG
Wacker Chemie AG
Zhejiang FuShiTe Group Co., Ltd
Guangzhou GBS High-Tech. & Industry Co., Ltd
Dongyue Group Ltd
Boehle Chemical, Inc
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