The fumed silica is produced in the flame and consists of minute droplets of fused silica in amorphous form. It is also known as pyrogenic silica. It has small size, strong thickening capacity, low density and large surface area. It is produced by the hydrolysis process of silicon tetrachloride with water. The various application of the fumed silica includes adhesives, sealants, inks, cosmetics, toner, and others. It is primarily used by paints and coating industry to prevent corrosion and rust .Fumed silica is also used in cosmetic industry as an abrasive in the toothpaste.
The global fumed silica market is anticipated to expand at a CAGR around 7.6% 2018-2027. It is projected to reach significant market size by 2027. The rising expansion of various end-use industries across the globe coupled with increasing awareness regarding the various advantages of using fumed silica is anticipated to increase the market growth of the global fumed silica market over the forecast period. The global fumed silica market can be segmented on the basis of grade and end-use. On the basis of grade, it is sub-segmented into hydrophilic fumed silica and hydrophobic fumed silica. Hydrophobic fumed silica is anticipated to be the major sub-segment of the global fumed silica market. This is attributed to the fact of relatively low cost associated with hydrophobic fumed silica and wide range of applicability across the various end -user industries. On the basis of end-use, it is sub-segmented into food & beverages, adhesives & sealants, paints & coatings, pharmaceuticals, personal care, greases & lubricants. Paints and coatings is anticipated to lead the end-use sub-segment on the account of increasing use of fumed silica in the paints and coatings coupled with high application of paints and coatings for various architectural and industrial purposes. The prevention of rust and corrosion by the fumed silica is also major reason for the increasing use in paints and coating industry.
By region, global fumed silica market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia-Pacific is anticipated to be the largest region for the global fumed silica market over the forecast period. The rising industrialization in the region is anticipated to boost the growth of various end-use industries such as automotive, construction, paint & coatings and healthcare. North America is anticipated to be the second largest region of the global fumed silica market. The presence of various companies in the region and increasing merger and acquisition is anticipated to be the major driver for the fumed silica market during the forecast period. Additionally, presence of highly developed industries such as pharmaceuticals and paints and coating industry in the region is also another factor for the region to show substantial growth. CLICK TO DOWNLOAD SAMPLE REPORT
Our in-depth analysis segmented the global fumed silica market in the following segments:
Global fumed silica market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The development of various end-use industries such as paints and coatings and pharmaceuticals is anticipated to increase the demand for the fumed silica. The increasing industrialization across the various developing countries coupled with high application of fumed silica in various products such as adhesives, paints and lubricants is anticipated to boost the demand for the fumed silica globally.
However, the high price of the fumed silica is anticipated to restrain the growth of the global fumed silica market over the forecast period.
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