Research Nester published a report titled “Asia-Pacific Fumed Silica Market: Demand Analysis & Opportunity Outlook 2025” which delivers detailed overview of the fumed silica market in terms of market segmentation by product and by application.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The growth of the fumed silica market is driven by technological advancements, investments and expansions by key players of the fumed silica market. The use of fumed silica is widely preferred by various silicone elastomer manufacturers as it helps to improve the tear and tensile strength of the silicone elastomers. The promising trends pertaining to silicone elastomers in various industries such as automotive, construction & others are anticipated to bolster the growing demand of fumed silica over the coming years. In 2019, the Asia-Pacific fumed silica market accounted for a market value of USD 436.39 million and is expected to grow at a CAGR of 6.71%, over the forecast period of 2021-2025. There is an on-going trend for the use of treated fumed silica in place of precipitated calcium carbonates, which are majorly used for rheology control of polyurethane adhesives and sealants, as they offer more adhesive strength. The fumed silica's lower specific gravity contributes far less to the adhesive weight, benefitting applications where the adhesive weight is a concern, for example, in automotive light-weighting.
The Asia-Pacific fumed silica market is segmented by product into hydrophilic and hydrophobic. The hydrophilic segment accounted for USD 184.29 million in 2014 and is estimated to grow at a significant CAGR over the forecast period. Hydrophilic fumed silica is primarily utilized to enable thixotropic properties in adhesives and coatings and is used across the pharmaceutical industry to improve the flow properties. The growth of the hydrophobic segment can be attributed to the water repellent properties offered by hydrophobic fumed silica. This property makes it one of the most preferred materials used in anti-corrosive applications.
Growing Investments And Initiatives Across The Fumed Silica Market And the Growing Application of Fumed Silica In Pharmaceutical As Well As Paints & Coatings Industry To Drive The Market Growth
Technological advancements and the growing need for cost optimization are estimated to compel the pharmaceutical manufacturers to utilize product with astounding benefits. The overall pharmaceutical industry's growth, on account of growing health expenditures, regulatory system, and the huge population size, is anticipated to drive the demand for fumed silica across the region. Also, there is a huge growth in the demand for fumed silica from the paints, coatings and inks industry on the back of its growing applications. The three-dimensional structure of the fumed silica efficiently enables sagging in coating and paints. Moreover, the rising demand for paints & coatings from the construction and automotive industries, is anticipated to drive the growth of fumed silica market during the forecast period.
However, threat from substitutes such as precipitated silica and growing popularity of eco-friendly products, are anticipated to hamper the growth of Asia-Pacific fumed silica market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Asia-Pacific fumed silica market which includes company profiling of Cabot Corporation (NYSE: CBT), OCI Company Ltd. (KRX: 010060), Evonik Industries AG (ETR: EVK), Tokuyama Corporation (TYO: 4043), Kemitura Group, Orisil, Hubei Xingfa Chemicals Group Co. Ltd (SHA: 600141), Henan Xunyu Chemical Co., Ltd, Wacker Chemie AG, and others. The profiling enfolds key knowledge of the companies which incorporates business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Asia-Pacific fumed silica market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.