The fumed silica market is projected to grow at a CAGR of 7.1% during the forecast period, in terms of value The fumed silica market is projected to reach USD 2.26 billion by 2022, at a CAGR of 7.1% from 2017 to 2022. The growth of this market is mainly attributed to the rising awareness regarding the benefits of fumed silica in varied applications, such as paints & coatings and inks, adhesives & sealants, pharmaceuticals, UPR, gel batteries, and lighting, among others. Owing to the increasing applicability of fumed silica, its demand is growing significantly across the Asia-Pacific, Europe, and North America. However, the high price of fumed silica is restraining the growth of the fumed silica market. Emerging countries such as India, China, and Brazil are considered to be price sensitive markets, and thus, they prefer the adoption of cheaper alternatives to fumed silica.
The paints & coatings and inks application represents the bulk of the demand for fumed silica Fumed silica is increasingly utilized in the paints & coatings and inks application, owing to its high-performance properties.It is used for printing inks, water-based paints, and powder coatings.
Fumed silica acts as a rheology modifier, thickener, free-flow agent, viscosity modifier, and anti-settling and anti-corrosive agent.
The hydrophobic fumed silica segment is projected to witness the highest growth during the forecast period, in terms of volume Fumed silica is produced by the vapor-phase hydrolysis of silicon tetrachloride in a hydrogen-oxygen flame.The obtained product is hydrophilic fumed silica, which when treated with silanes results in the formation of hydrophobic fumed silica.
Although hydrophilic fumed silica is increasingly utilized owing to its low cost, the demand for hydrophobic fumed silica is expected to grow in the near future, due to its excellent properties and wide applicability across varied end-use industries.
The fumed silica market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period Asia-Pacific is the largest market for fumed silica, in terms of volume, followed by Europe and North America.End-use industries such as building, construction, and automobiles, among others, represent the bulk of the demand for fumed silica in the Asia-Pacific region.
Furthermore, expansion of end-use industries in emerging countries of the Asia-Pacific region has contributed to the growth of the fumed silica market.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows: • By Company Type: Tier 1 (43%), Tier 2 (43%), and Tier 3 (14%) • By Designation: C Level (42%), D Level (29%), and Others (29%) • By Region: North America (43%), Europe (29%), Asia-Pacific (14%), Middle East & Africa (8%), and South America (6%)
Key players profiled in the report include Evonik Industries (Germany), Cabot Corporation (U.S), Wacker Chemie AG (Germany) Tokuyama Corporation (Japan), China National Bluestar (Group) Co., Ltd. (U.S.), Applied Material Solutions, Inc. (U.S), Chifeng Shengsen Silicon Technology Development Co., Ltd. (China), Kemitura A/S (Denmark), Orisil (Ukraine), Cargill, Inc (U.S.), AGSCO Corporation (U.S), Heraeus Quarglas GmbH & Co. KG. (Germany), Guangzhou GBS High-Industry Co, Ltd. (China), China-Henan Huamei Chemical Co., Ltd. (China), Dongyue Group Co., Ltd. (China), Dalian Fuchang Chemical Co., Ltd. (China), China Silicon Corporation Ltd. (China), Fuji Silysia Chemical Ltd. (China), Gelest, Inc. (U.S), Zhejiang Xinan Chemical Industrial Group Co., Ltd. (China), Power Chemical Corporation Ltd. (PCC) (Korea), Yichang CSG Polysilicon Co., Ltd. (China), Henan Xunyu Chemical Co., Ltd. (China), Inner Mongolia Sucon Silicone Co., Ltd. (China), and Zhejiang Fushite Silicon Material Co., Ltd. (China).
Study Coverage This report covers the fumed silica market, in terms of volume and value, and forecasts the market size till 2022.The report includes market segmentation based on type, application, and region.
It also provides company profiles and competitive strategies adopted by key players in the fumed silica market.
Key benefits of buying the report: This research report is focused on various levels of analysis—industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the fumed silica market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
Our reports have been used by over 10K customers, including:
The market for lithium-ion batteries is expected to register a CAGR of 22.58%, during the forecast period (2020-2025). Major factors driving the market studied are the emergence of new and exciting markets, via electric vehicle and energy storage systems (ESS), for both commercial and residential applications, declining lithium-ion battery...
The dimethyl carbonate market is projected to grow from USD 797 million in 2020 to USD 1,078 million by 2025, at a CAGR of 6.2% from 2020 to 2025. The increasing demand for polycarbonates and lithium-ion batteries is expected to drive the global dimethyl carbonate market. Based on application, the battery electrolyte segment is projected...
The market for secondary battery is expected to grow at a CAGR of approximately 12.90% during the forecast period of 2020 – 2025. Major factors driving the market include declining lithium-ion battery prices, rapid adoption of electric vehicles, growing renewable sector, and increased sale of consumer electronics. On the other hand, the demand-supply...
The global battery electrolyte market is expected to grow at a CAGR of more than 7.4% over the period of 2020-2025.Factors such as increasing awareness level of cleaner transportation systems and the electric vehicle deployment is growing at a rapid pace across the world, which in turn is expected to create a huge demand for batteries, thereby...
The market for lithium-ion battery (LIB) separator is expected to register a CAGR of more than 18.01%, during the forecast period 2020-2025. Major factors driving the market studied are the increasing adoption of lithium-ion batteries that significantly complements the growth of the lithium-ion battery separator market, as separators are an...
286 pages •
By Asia Market Information & Development Company
• May 2020
China’s demand for Battery has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and...
The market for the battery is expected to grow approximately at a CAGR of 12.31% during the forecast period of 2019 – 2024. Major factors driving the market include declining lithium-ion battery prices, rapid adoption of electric vehicles, growing renewable sector, and increased sale of consumer electronics....
The market for secondary battery is expected to grow at a CAGR of approximately 12.90% during the forecast period of 2019 – 2024. Major factors driving the market include declining lithium-ion Battery prices, rapid adoption of electric vehicles, growing renewable sector, and increased sale of consumer electronics....
The battery additives market is projected to register a CAGR of 9.0%, in terms of value, between 2018 and 2023. The battery additives market size is estimated at USD 1.2 billion in 2018 and is projected to reach USD 1.8 billion by 2023. The growth of this market is attributed to the increasing investments in renewable energy....
The battery materials market is projected to grow at a CAGR of 8.62% from 2018 to 2023. The battery materials market is projected to grow from USD 43.50 billion in 2018 to USD 65.78 billion by 2023, at a CAGR of 8.62% between 2018 and 2023. The growing demand for battery materials for various battery types, such as lead-acid,...
Greenhouse Gas Emissions
Gross Domestic Product
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.