Aug 25, 2021   SOURCE: BusinessWire

Global Fumed Silica (Hydrophilic and Hydrophobic) Markets to 2026 Featuring Major Manufacturers - Evonik Industries, Cabot, Wacker Chemie, Tokuyama, and Applied Material Solutions - ResearchAndMarkets.com

The "Global Fumed Silica Market Report 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global fumed silica market size is projected to grow from USD 1.3 billion in 2021 to USD 1.6 billion by 2026, at a CAGR of 5.1% from 2021 to 2026.

The global fumed silica industry has witnessed high growth primarily because of the booming construction sector, rise in renovation & remodeling activities, and rapid urbanization & globalization.

The growth of the fumed silica market is attributed to the increase in demand for fumed silica for numerous applications, particularly for silicone elastomers, adhesives & sealants, and UPR & composites.

In terms of both value and volume, hydrophilic segment to be the fastest-growing segment by 2026

The hydrophilic segment accounted for the largest market share in the fumed silica market. The hydrophilic nature of fumed silica is the result of the attached hydroxyl groups on the silica atom at the particle surface, owing to which the product is capable of hydrogen bonding, helping it to disperse in water.

Hydrophilic fumed silica helps in increasing the adhesion properties. It also absorbs water off the surface of the particle hence is best suited as an anti-caking agent.

UPR & composites segment to be the fastest-growing segment from 2021 to 2026, for fumed silica

The UPR & composites segment is expected to grow at the highest CAGR from 2021 to 2026. It is witnessing high growth owing to increasing resin applications in various industry verticals, technological advancement, and their growing demand in developing regions.

Building & construction, pipes & tanks, and automotive applications use UPR extensively for making fiber reinforced plastics (FRP). They find applications in fuel storage tanks, cooling tower components, beams, ladder rails, boat hulls, decks, and small automobile parts (both interior and exterior).

Pharmaceuticals to be the fastest-growing end-use industry from 2021 to 2026, for fumed silica

Pharmaceuticals will be the fastest-growing end-use industry for fumed silica during the forecast period. Fumed silica is used as an excipient in the pharmaceutical industry. It is used as a multi-functional additive in the pharmaceutical and nutraceutical industries.

Its glidant and anti-static properties help improve the flow properties of powders and reduce friction and static charges in high-speed tablets and capsule machines. Fumed silica adheres readily to hydrophilic ingredients, functioning as an excellent glidant. It is also used as a disintegrant, filler, lubricant, binder, and a sorbent in tablets, capsules, and powders. Fumed silica is also used in liquids, creams, and suspensions.

In terms of both value and volume, the APAC fumed silica market is projected to grow at the highest CAGR during the forecast period

In terms of value and volume, the APAC region is projected to grow at the highest CAGR from 2021 to 2026. Emerging economies in APAC are expected to experience significant demand for fumed silica as a result of the expansion of the construction industries due to rapid economic development and government initiatives toward infrastructural development.

The growing population and rapid urbanization are among the key factors propelling industry expansion in this region. The growing automotive & transportation, personal care & beauty, pharmaceuticals, building & construction, and electrical & electronics industries in several APAC countries are fuelling fumed silica demand in the region.

The global fumed silica market comprises major manufacturers, such as Evonik Industries (Germany), Cabot Corporation (US), Wacker Chemie AG (Germany), Tokuyama Corporation (Japan), and Applied Material Solutions Inc. (US), among others.

Premium Insights

  • Increasing Demand From Building & Construction Industry Will Drive Fumed Silica Market
  • Building & Construction and APAC Led their Respective Segments In Fumed Silica Market In 2020
  • Fumed Silica Market In China To Grow At Highest CAGR From 2021 To 2026

Market Dynamics

Drivers

  • Unique properties and multiple applications of fumed silica
  • Increased demand in pharmaceutical industry

Restraints

  • Stringent government regulations restricting use of fumed silica
  • Volatility in raw material prices

Opportunities

  • Increased demand in paints, coatings & sealants industry
  • Growth in cosmetic industry to drive demand

Challenges

  • Adverse effects of fumed silica on human health
  • Harmful effects of fumed silica on manufacturing sites

Industry Trends

Supply Chain Analysis

  • Prominent Companies
  • Small & Medium Enterprises

YC-YCC Drivers

  • Tariff and Regulatory Analysis
  • Market Mapping/Ecosystem Map
  • Pricing Analysis
  • Fumed Silica- Price
  • Technology Analysis
  • Trade Analysis
  • Hs Code Used for Silicon Dioxide - Import
  • Hs Code Used for Fumed Silica - Import
  • Trade of Silicon Dioxide - Export
  • Hs Code Used for Fumed Silica - Export

Case Study

  • Case Study Topic
  • Introduction
  • Problem Statement
  • Solution Provided

Patent Analysis

  • Methodology
  • Document Type
  • Total Number of Patents for Fumed Silica
  • Insight
  • Top Companies/Applicants
  • Patents by Shin-Etsu Chemical Co., Ltd.
  • Patents by Evonik Industries AG
  • Patents by Colgate-Palmolive Company
  • Patents by Tokuyama Corporation
  • Patents by Dow Global Technologies LLC
  • Top 10 Patent Owners (US) In Last 10 Years

Companies Mentioned

  • AGSCO Corporation
  • Applied Material Solutions Inc.
  • Cabot Corporation
  • Chifeng Shengsen Silicon Technology Development Co., Ltd.
  • China National Bluestar (Group) Corporation
  • China Silicon Corporation Limited
  • China-Henan Huamei Chemical Co., Ltd.
  • Dalian Fuchang Chemical Co, Ltd.
  • Dongyue Group Co., Ltd.
  • Evonik Industries
  • Fuji Silysia Chemical Ltd.
  • Gelest Inc.
  • Guangzhou GBS High-Industry Co, Ltd.
  • Heraeus Quarglas GmbH & Co. Kg
  • Kemitura A/S
  • Orisil
  • Power Chemical Corporation Ltd.
  • Tokuyama Corporation
  • Wacker Chemie AG
  • Yichang CSG Polysilicon Co, Ltd
  • Zhejiang Xinan Chemical Industrial Group Co Ltd

For more information about this report visit https://www.researchandmarkets.com/r/i1akbw