Report ID: SQMIG15B2121
Report ID:
SQMIG15B2121 |
Region:
Global |
Published Date: December, 2024
Pages:
176
|
Tables:
65 |
Figures:
68
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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Report ID: SQMIG15B2121