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