Fumed Silica Market Growth Analysis | 2023-2028

Market Insights

The Fumed Silica Market was estimated at US$ 1.31 billion in 2022 and is expected to grow at a healthy CAGR of 5.2% during 2023-2028 to reach US$ 1.78 billion in 2028.

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What is Fumed Silica?

Fumed silica is a fine, white, and powdery form of silicon dioxide. It is produced through a high-temperature process that involves the reaction of silicon tetrachloride vapor with oxygen. The resulting nano-sized silica particles have a high surface area and are extremely porous.

Fumed silica finds wide application in various industries due to its unique properties. It is used as a reinforcing agent and thickener in adhesives, sealants, and coatings, improving their mechanical properties and preventing settling. Additionally, it acts as an anti-caking agent in food and pharmaceutical products, enhances flowability, and prevents clumping. Fumed silica is also utilized in cosmetics, paints, rubber products, catalysts, desiccants, and thermal insulators, thanks to its versatility and beneficial characteristics.

Market Dynamics

The major factors such as growing requirements for technical progression and to achieve cost optimization in the pharmaceutical industry, an increase in demand for beauty & personal care products, increasing uses of paints & coatings by automotive & construction industries, and favorable trends related to building and construction sector are expected to boost the growth of the market during the forecast period.

Segments Analysis

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By Product Type

Based on the product type, the market is segmented as hydrophilic and hydrophobic. The hydrophilic segment is estimated to account for the major share of the market. The growth of the segment is attributed to its wide range of applications during the forecast period. The main difference between these two products is their capability of combining with water, among these two, hydrophilic fumed silica displays a strong affinity with water, whereas hydrophobic silica represents water-repellant features.

By Application Type

Based on the application type, the market is segmented as pharmaceutical, beauty & personal care, silicone elastomers, paints, coatings, & inks, UPR, adhesives & sealants, food & beverages, and others. Beauty & Personal Care and Pharmaceuticals are estimated to be the leading applications in the market. Fumed silica is utilized as an anti-blocking and thixotropic agent in various cosmetic products such as lipstick, foundations, skincare, and hair care., eventually fueling the growth of the cosmetics sector. On the other hand, fumed silica is the best fit for resolving issues such as compaction, weight variation, active or inactive ingredient segregation, tablet breakage, chipping, etc. faced by many pharmaceutical manufacturers.

Regional Analysis

In terms of regions, Asia-Pacific is estimated to be the leading region in the market during the forecast period. In 2019, around 2/5^th of the global fumed silica production was consumed by Asia-Pacific. The growth is attributed to the presence of a large number of industries in the region. Factors such as Asia-Pacific’s growing real estate sector are estimated to flourish and attract high consumer demand for paints & coatings, and China and India being the major consumers of unsaturated polyester resin in both global and regional sectors, which are expected to fuel the growth of the regional market over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the key players in the fumed silica market are-

• Cabot Corporation
• China-Henan Huamei Chemical Co., Ltd.
• Dongyue Group
• Evonik Industries AG
• Henan Xunyu Chemical Co., Ltd.
• Hubei Xingrui Silicon Materials Co., Ltd.
• Kemitura Group
• OCI Company Ltd.
• Tokuyama Corporation
• Wacker Chemie AG

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

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