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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Fumed Silica Market Outlook
The global fumed silica market is projected to grow at a CAGR of 5% between 2024 and 2032.
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The Asia Pacific to Dominate the Fumed Silica Market Aided by the Rising Personal Care Segment
One of the key factors driving the growth of the market is the growing demand from the Asia Pacific region for the personal care products. With a significant share, the Asia Pacific dominated the overall market, with the greater consumption taking place in countries such as China and India. In addition, the pharmaceutical industry is the largest user of fumed silica in India. Also, India is the largest distributor of generic drugs across the globe, with significant demand from the U.S. and the U.K. In addition, China is the largest producer of paints and coatings in the region. The rising demand for coatings is predicted to aid market growth.
Market Segmentation
Fumed silica is synthetic amorphous silica (silicon dioxide) obtained by vapor-phase hydrolysis.
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By type, the market is divided into:
- Hydrophilic
- Hydrophobic
On the basis of application, the market is segmented into:
- Paints, Coatings and Inks
- Adhesives and Sealants
- Pharmaceuticals
- Unsaturated Polyester Resins
- Gel Batteries
- Food Additives
- Personal Care and Cosmetics
- Others
The regional markets for the product include North America, the Asia Pacific, Latin America, Europe, and the Middle East and Africa.
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Increasing Demand for Adhesive and Sealant Applications to Boost the Market Growth of Fumed Silica
Fumed silica is used in adhesive and sealant applications to increase the viscosity of the component, boost anti-settling properties during storage, control extrusion properties during application and impart anti-sag properties during cure. The additive can also act as a reinforcing agent to enhance the physical properties of the cured sealant, particularly its tear strength. During the forecast period, the increasing demand for fumed silica is expected to boost market growth. The factors that are expected to obstruct the growth of the market include the substitution of the product by precipitated silica and the production of biogenic fumed silica
Key Players in the Global Fumed Silica Market
The report gives a detailed analysis of the following key players in the global fumed silica market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Evonik Industries AG
- Cargill Inc.
- Cobot Corporation
- Tokuyama Corporation
- Wacker Chemie AG
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global fumed silica market is projected to grow at a CAGR of 5% between 2024 and 2032.
The rising demand for coatings, the expanding pharmaceutical sector, the increasing expenditures on healthcare and beauty products, and surging investments in infrastructure development projects are the major drivers of the market.
The key trends guiding the market growth include increasing applications of fumed silica in personal care products, the rising use of fumed silica as a reinforcing agent, and growing demand for adhesive and sealants.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The various types of fumed silica considered in the market report are hydrophilic and hydrophobic.
The major applications of the product are paints, coatings and inks, adhesives and sealants, pharmaceuticals, unsaturated polyester resins, gel batteries, food additives, and personal care and cosmetics, among others.
The major players in the market are Evonik Industries AG, Cargill Inc., Cobot Corporation, Tokuyama Corporation, and Wacker Chemie AG, among others.
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