APAC Colloidal Silica Market Analysis Report 2021 Expected CAGR, Top Leading Players Data and Analysis of Future Development and Prospects till 2030

In a recent published report, Kenneth Research has updated the market report for APAC Colloidal Silica Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for APAC Colloidal Silica Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Asia Pacific Colloidal Silica Market Analysis – 2018 – 2027

Colloidal silica is used in various avenues ranging from electronics, automobile, semiconductors to paints & coatings. It is a dispersion of silicon dioxide where the size of its constituent particles ranges from 1 to 100 nm. Colloidal silica consists of spherical and fine amorphous silica particles and is found in the liquid state. It is also very hydrophilic in nature and thus finds many applications across a wide range of industries. The Asia Pacific colloidal silica market is expected to grow at a CAGR of 6.5% over the forecast period of 2021-2027. In 2019, this market recorded a value of around USD 350 million and is expected to witness growth owing to the rising demand for colloidal silica in the construction sector along with other end-use industries. These industries, including automotive, textile, and electronics are witnessing a growing requirement for colloidal silica which is expected to drive the growth of the colloidal silica market. Furthermore, the growing demand for paints & coatings is also anticipated to drive the market’s growth in the forthcoming years.

The colloidal silica market can be segmented into product, application, and end-use industry. The product segment is further sub-divided into alkaline, acidic, modified, and ordinary colloidal silica. Out of these, the alkaline colloidal silica segment held the largest market share in 2019 with a value of around 45%. This was owing to its use in metallographic polishing, semiconductor wafers, and fine polishing of silicon wafers.

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Owing to a large consumer electronic industry, China witnessed a significant demand for colloidal silica. Rapid urbanization coupled with the increasing adoption of electronic products has led to a large requirement of colloidal silica and as a result, China recorded a market size of around USD 160 million in 2020. Japan and India were also significant consumers of colloidal silica with a market size of around USD 30 million and USD 25 million respectively in 2020.

Some of the affluent industry leaders in the colloidal silica market are Nissan Chemical Corporation, FUSO CHEMICAL CO., LTD., Bee Chems, YOUNG IL CHEMICAL CO., LTD., Zhejiang Yuda Chemical Co.,Ltd., Jinan Yinfeng Silicon Products Co., Ltd., Guangdong Well-Silicasol Co., Ltd., DKIC and Sahajanand Industries.

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