Nano Silica Market Report

Market Insights

The Nano Silica market is projected to grow from USD 3.72 billion in 2021 to USD 5.63 billion by 2028 at a CAGR of around 6.08% during the forecast period of 2022-2028.

What is nano silica?

Nano silica is defined as a white fluffy powder that is composed of high purity amorphous silica powder. It is being used in various applications due to its superior benefits such as large specific surface area, large surface energy, strong surface adsorption, good dispersion, and high chemical purity.

Market Drivers

The growth of the nano-silica market is driven by the increasing use of nano-silica in concrete and rubber among others. Expanding automotive and construction industries are expected to drive market growth at a significant rate. In addition to this, rising product demand in the developing countries with significant growth of the end-use industries is likely to create lucrative opportunities for the players operating in the global market during the review period.

COVID-19 Impact on Nano Silica Market

The covid-19 outbreak posed significant challenges across verticals worldwide. Supply chain disruptions due to the imposition of lockdown affected the product availability on time and thus, affected the market growth. Additionally, a decline in the growth of the end-use industries also affected the product demand.

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Key Players

Key players operating in the Nano Silica market are-

• Wacker Chemie AG (Germany)
• Dow Silicones Corporation (US)
• NanoPore
• Incorporated (US)
• Evonik Industries AG (Germany)
• Cabot Corporation (US)
• Fuso Chemical Co., Ltd (Japan)
• DuPont de Nemours, Inc. (US)
• GUANGZHOU SONGYI ADVANCED MATERIALS (China)
• Akzo Nobel N.V. (Netherlands)
• Nanostructured & Amorphous Materials, Inc. (US)

Segment Analysis

Product Trends

Based on product, the market has been segmented into P-type, S-type, and type III. Among these, the P-type segment accounted for the largest market share in 2021 and is expected to propel market growth at a significant rate during the review period. The segment growth can be attributed to widespread product use in the end-use industries.

Regional Trends

The market in the Asia-Pacific region accounted for the largest market share in 2021 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to the strong presence of the automotive and construction industry in China. Expanding industrialization in developing economies is likely to bolster market growth at a significant rate during the review period. The market growth in North America and European regions is expected to be driven by the established presence of the end-use industries.

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. 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. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Target Audience

Here is the list of the group of customers that the nano silica market hopes to have the greatest opportunity to convert-

• Nano silica distributors
• Nano silica suppliers
• Nano silica manufacturers
• Logistics organizations
• Government bodies

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