Global Fumed Silica Market
By Product (Hydrophilic, Hydrophobic), Application (Paints, Coatings & Inks, UPR, Lighting, Gel Batteries, Pharmaceutical, Adhesives & Sealants), and Region (North America, Asia Pacific, Europe, Latin America, Rest of the World) Market Size, Status and Forecast to 2025
The global fumed silica market was valued at USD 1.49 billion in 2016 and is projected to reach USD 2.98 billion by 2025, growing at a CAGR of 7.2% from 2017 to 2025.
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Fumed silica also known as pyrogenic silica is manufactured in a flame and is made up of microscopic droplets of amorphous silica. Fumed silica is majorly used as anticaking agent and thickening agent. The major application segment of fumed silica include paints, coatings, inks, adhesives and sealants.
1. Market Drivers
1.1 Growing application in developing economies
1.2 Increased R & D efforts on new product derived from fumed silica
2. Market Restraints
2.1 Growing popularity of eco-friendly paints
2.2 Lack of awareness regarding benefits of fumed silica
The global fumed silica market is segmented on the basis of product, application, and region.
1. By Product:
1.1 Hydrophilic Fumed Silica
1.2 Hydrophobic Fumed Silica
2. By Application:
2.4 Gel Batteries
2.5 Paints, Coatings & Inks
2.6 Adhesives & Sealants
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Evonik Industries
2. Wacker Chemie AG
3. Applied Material Solutions Inc.
4. Dongyue Group Ltd.
5. Cabot Corporation
6. Kemitura A/S
7. Agsco Corporation
8. Gelest Inc.
10. China Silicon Corporation
11. Tokuyama Corporation
12. Guangzhou Henan High-Industry Co, Ltd.
13. Henan Xunyu Chemical Co, Ltd.
14. Dalian Fuchang Chemical Co, Ltd.
15. Guangzhou Henan High-Industry Co, Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the fumed silica market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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