USD 1.44 Billion
Report ID:
SQMIG15B2121 |
Region:
Global |
Published Date: December, 2024
Pages:
176
|Tables:
0
|Figures:
0
Fumed Silica Market size was valued at USD 1.52 Billion in 2023 and is poised to grow from USD 1.6 Billion in 2024 to USD 2.27 Billion by 2032, growing at a CAGR of 5.20% during the forecast period (2025-2032).
The fumed silica market is expected to witness a substantial growth in the near future due to an increasing range of its application in diverse sectors. Fumed silica is titanium dioxide in the form of small, complete droplets. Fumed silica is an engineering bridge between its rheological and reinforcement properties, which has been fracturing the global market growth. Two types of fumed silica are available: Hydrophobic and hydrophilic. Supported by its versatility, the product is a key functional material for uses like adhesives, personal care, pharmaceutical, food among others.
High demand for the automobile and personal care products backed by growing numbers of potential adopters & increased consumer expenditure act as major drivers to the growth of the market. Rise in working women population is boosting demand for cosmetic and skin care products. These characteristics of its distinctive particle and high purity, high surface area combine to deliver higher functionality performance benefits in end-use applications such as adhesives, paints, and sealants. It is also commonly utilized as an anticaking and thickening agent in the rapidly growing food & beverage industry. Overwhelming deployment of unsaturated polymer resin for manufacturing filled plastic & fiber reinforced plastic products which includes pipes, tanks, sanitary ware, gratings etc. In addition, rising demand for high performance parts for transportation & marine industry is paving new roads for fumed silica market.
Global Market Size
USD 1.44 Billion
Largest Segment
hydrophilic
Fastest Growth
Hydrophobic
Growth Rate
5.4%
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Global Fumed Silica Market is segmented by Type, Application, End User and region. Based on Type, the market is segmented into Hydrophilic, Hydrophobic. Based on Application, the market is segmented into Silicone Elastomers, Paints, Coatings & Inks, Adhesives & Sealants, UPR & Composites, Others (Food, Agri & Feed, CMP, Cosmetics, Toners & Developers, Paper Coating, Textile, Gel Batteries, Lighting (CFL). Based on End User, the market is segmented into Building & Construction, Electrical & Electronics, Automotive & Transportation, Personal Care & Beauty, Food & Beverages, Pharmaceuticals, Others (Greases & Lubricants, Chemicals, and Fertilizers Industries). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product
Based on product type, the market is segmented into hydrophilic fumed silica and hydrophobic fumed silica. The hydrophilic fumed silica will dominate with the largest fumed silica market share in 2023. Hydrophilic fumed silica is prepared by hydrolysis of volatile chlorosilanes in the oxyhydrogen flame and can be completely immersed and dispersed in water. This silica has outstanding insulating properties at elevated temperatures. Hydrophilic fumed silica is also acceptable to use in non-polar resin systems. Some key applications are thickening and reinforcing silicone in non-polar solvents such as xylene, mineral spirits and styrene, a glidant for food and industrial powders.
The Hydrophobic fumed silica segment is anticipated to exhibit significant growth during the fumed silica market forecast period. Due to increasing demand for diverse coating functionalities such as anti-fouling, self-cleaning, anti-icing/wetting, anti-microbial and anti-corrosion etc. This is primarily because it stops sag and run-off of paints applied to vertical surfaces. This product also reduces the risk of corrosion and rust in paint & coatings. Increase in requirement for enhancements of flow properties will also provide a positive outlook towards capacity expansions of hydrophobic fumed silica across ink applications. These factors are increasing the demand for the hydrophobic segment in the market.
Analysis by Application
According to fumed silica market analysis, the pharmaceutical sector is dominating the market. In the pharmaceutical industry, a major challenge lies in ensuring the production of tablets and capsules, but fumed silica improves properties resulting in substantially easier processing. Used in tablet production, fumed silica serves as anticaking agents, adsorbents, disintegrants and glidants that enable the powder to flow freely during the tablet formation process. Fumed Silica demand is expected to grow at an all-time high owing to the medical industry in Europe. Substantial investments are being poured into the European pharmaceutical sector and technology is providing further entrenchment in the market. The pharmaceutical industry has not only picked up the pace owing to COVID-19 but also reported incredibly solid revenue.
Over the fumed silica market forecast period, the demand for fumed silica is anticipated to increase owing to its use in paints, coatings & sealants application. Global painting and coating industry generates an estimated USD 150 billion in revenues annually according to World Painting and Coating Association, which is anticipated to boost the demand for fumed silica as it enhances the characteristics of paints & coatings based on consumer preference. Fumed silica in the sealants has thixotropic characteristics associated with sagging specific properties for a successful practical implementation. It additionally gives sealants mechanical and fortifying properties. Fumed Silica has thus established dominance in the sealant industry since no other source can provide such properties.
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The fumed silica market is majorly dominated by Asia-Pacific and is expected to grow at a significant rate during the fumed silica market forecast period. Global fumed silica market Asia-Pacific accounts for significantly large share of the overall global fumed silica market owing to its increasing application in various industrial verticals including paints and coatings, adhesives and sealants, etc. This region has huge demand and market growth opportunity for the market. Furthermore, the major key players are focusing on this region to capture the market by collaborating with the local companies to increase their presence. These factors are increasing the growth of the market in this region.
Europe is witnessing the fastest growth in the fumed silica market. Broad application of fumed silica in various applications in the region, such as sealants, adhesives, composites, coatings among others is boosting revenues growth. Moreover, favorable growth of the manufacturing sector in the European region increased the adoption of fumed silica consumption. Europe is expected to bring in stricter regulations, forcing the switch to green processes and materials. Fumed silica is a heavily non-polluting inert material, hence the demand in the region is expected to rise further. This is because it is gradually gaining more preference to be used in many sustainable applications.
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Drivers
Growing Demand for Cosmetic and Personal Care Products
Rising Application in Automotive Industry
Restraints
High Cost of Production and Strict Regulations
Growing Problems Related to Raw Materials and Logistics
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The fumed silica industry is a highly consolidated market with few key global players which includes Evonik Industries, Cabot Corporation, Wacker Chemie AG and Tokuyama Corporation. The key players emphasize research and development on product innovation and quality. Mergers acquisition and collaboration, which is a strategic initiative to increase market component and enhance distribution network are frequently adopted. Leading vendors for fumed silica primarily concentrate on R&D activities to improve the functional and application breadth of their products. Furthermore, strategic mergers & acquisitions in addition to geographic expansion are some of the popular trends adopted by key players across the globe to expand their market share as well as cater to diverse customer needs.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, strong demand for fumed silica from paints & coatings industry is driving the global fumed silica industry. Fumed silica is an indispensable additive for improving the viscosity and life of paints. Rising construction activities across developing countries contribute to an increase in paint consumption. However, heavy reliance on China for supply of raw material is a key restrain. In addition, increasing shift towards eco-friendly products in personal care industry offers opportunity to natural alternative for fumed silica. This could create more new growth opportunities during the forecast period through an ongoing development of veterinary grades of fumed silica with enhanced properties.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.52 Billion |
Market size value in 2032 | USD 2.27 Billion |
Growth Rate | 5.20% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Fumed Silica Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fumed Silica Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fumed Silica Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fumed Silica Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15B2121
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