The Asia Pacific Colloidal Silica Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“The Asia Pacific Colloidal Silica Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The Asia Pacific colloidal silica market has been segmented on the basis of product type, application, as well as countries.
Colloidal silicas are suspensions of fine amorphous, nonporous, and typically spherical silica particles in a liquid phase. The surface of colloidal silica in contact with water is covered by siloxane bonds and silanol groups. This makes colloidal silica very hydrophilic and capable of forming numerous hydrogen bonds.
The growing demand for colloidal silica from several end-use industries for varying applications such as investment casting, textile & fabrics, polishing, etc. This is a primary factor that is expected to boost the revenue growth of the Asia Pacific colloidal silica market in the foreseeable future.
The increasing adoption of colloidal silica in applications such as the manufacture of water-based products in the paints & coatings industry, and the subsequent expansion of this sector due to increasing industrialization and urbanization, thereby increasing the demand for paintings and coatings. Moreover, the use of colloidal silica in the fabrication and the electronics sectors for the purposes of semiconductor wafer polishing, casting, etc. are some other key factors that are expected to fuel the revenue growth of the Asia Pacific colloidal silica market in the coming years.
However, in light of the recent COVID-19 outbreak, the manufacturing and supply-chain operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce. This factor is also slated to have an exponentially detrimental impact on the Asia Pacific colloidal silica market in the years to come. Furthermore, the characteristics relating to the temperature sensitivity of colloidal silica is another factor that may restrain future market expansion for this industry.
Howbeit, the steady increase in the use of colloidal silica for the several Chemical Mechanical Polishing (CMP) activities is a factor that is anticipated to positively influence the future revenue growth of the Asia Pacific colloidal silica market.
Segmentation of the Asia Pacific colloidal silica market is as follows:
In terms of product type, the acidic colloidal silica segment accounted for the maximum number of revenue shares of the Asia Pacific colloidal silica market in 2020, and is slated to expand at a considerable CAGR in the coming years.
With respect to application, the investment casting segment accounted for the highest number of revenue shares of the Asia Pacific colloidal silica market in 2020, and is anticipated to remain the front-runner for the remainder of the forecast period.
Regional Segmentation and Analysis:
The markets in China accounted for the highest number of revenue shares of the Asia Pacific colloidal silica market in 2020, and is anticipated to index the highest CAGR over the next 10 years due to increasing demand from this region. Japan is also expected to register considerable revenue growth in the coming years, owing to the robust expansion of end-use industries.
Segmentation of the Asia Pacific Colloidal Silica Market:
Segmentation by Product Type:
- Alkaline Colloidal Silica
- Acidic Colloidal Silica
- Modified Colloidal Silica
- Ordinary Colloidal Silica
Segmentation by Application:
- Investment Casting
- Textile and Fabrics
- Paints and Coatings
- Other Applications
Segmentation by Countries:
- Australia & New Zealand
- South-East Asia
- Rest of Asia Pacific
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Merck KGaA
- Evonik Industries AG
- Akzo Nobel N.V. (Nouryon)
- Adeka Corporation
- W.R. Grace & Co.
- Nissan Chemical Corporation
- Fuso Chemical Co. Ltd.
- Chemiewerk Bad Koestritz GmbH
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