Nano Silica Market Report
Nano Silica Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028 See less
Nano Silica Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
Nano Silica Market, By Product (P Type, S Type, Type III), Application (Concrete Mixtures, Rubber and Plastic Additive, Semiconductor, Healthcare, Coating Additive, Cosmetics, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026.
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.
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.
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.
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.
Key players operating in the Nano Silica market are-
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.
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.
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.
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:
Here is the list of the group of customers that the nano silica market hopes to have the greatest opportunity to convert-
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The nano silica market is expected to witness an impressive growth of 6.08% CAGR during 2022-2028.
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) are among the key players in the market.
The nano silica market size is expected to reach USD 5.63 billion in 2028.
The P-type segment accounted for the largest share in the market in 2021.
Asia-pacific accounted for the largest share in the market in 2021.
Nano silica distributors, Nano silica suppliers, Nano silica manufacturers, Logistics organizations, Government bodies are the target audience in the market.
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