Global Fumed Silica Market Analysis Report, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Region - Forecast to 2027
"Global Fumed Silica Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027" is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global fumed silica market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global fumed silica market report has been segmented on the basis of product type, application, and region.
Fumed silica, also known as pyrogenic silica, is an amorphous compound which has a very strong thickening effect. It is produced in flame pyrolysis of silicon tetrachloride or from quartz sand vaporized in a 3000°C electric arc. Fumed silica particles are non-porous, possesses an extremely low bulk density (160–190 kg/m3), and high surface area (50–600 m2/g).
Major factor driving growth of the global fumed silica market is the exponential demand in various applications such as paints & coatings, adhesives & sealants, food industry, and others. In addition, cost-effectiveness of the product over precipitated silica, is another factor expected to propel growth of the target market. Moreover, increasing innovations in the production of drugs, which in turn boost demand for fumed silica, is a dynamic factor anticipated to fuel growth of the target market. However, increasing demand for bio-based products and availability of alternatives such as biogenic fumed silica, may hamper the growth of the global fumed silica market over the forecast period. In addition, rising standards of living coupled with growing disposable income of people, is expected to create a lucrative opportunity for driving growth of the global fumed silica market. A trend observed in the target market is increasing demand of fumed silica in personal care products. This factor is expected to further propel growth of the target market to a significant extent over the long run.
Analysis by Segment:
Among the product type segments, the hydrophilic fumed silica product type segment is expected to witness highest growth in terms of volume and revenue in the target market. In the application segments, the paints & coatings application segment is anticipated to register highest revenue share in the target market, owing to the rising demand from architectural and industrial sector.
Analysis by Region:
The Asia Pacific fumed silica market holds major share in terms of revenue and is expected to dominate the target market over the forecast period. This dominance is attributed to the rising demand of fumed silica in various applications such as paints & coatings, adhesives & sealants, UPR, gel batteries etc. in countries in the region. The fumed silica market in Asia Pacific is projected to witness fastest growth rate in the global fumed silica market over the next few years. In addition, fumed silica market in North America is expected to register a significant growth in terms of revenue in the target market during the forecast period. Europe fumed silica market is estimated to witness a significant growth rate in the global fumed silica market over the forecast period, followed by Middle East & Africa.
Global Fumed Silica Market Segmentation:
Segmentation On the Basis of Product Type:
Segmentation On the Basis of Application:
- Paints & Coatings
- Adhesives & Sealants
- Unsaturated Polyester Resins (UPR)
- Gel Batteries
- Others (Cosmetics, Greases, and Silicone Rubber)
Segmentation On the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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$
- Evonik Industries
- Wacker Chemie AG
- Cabot Corporation
- Tokuyama Corporation
- Cargill Inc.
- Dongyue Group Ltd.
- Kemitura A/S
- Dalian Fuchang Chemical Co., Ltd.
- Power Chemical Corporation Ltd.
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