Fumed Silica Market Outlook
According to a new report by Expert Market Research titled, “Fumed Silica Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global fumed silica market is projected to grow at a CAGR of 5% between 2024 and 2032. Aided by the growing demand in the automotive sector and applications in paint and coating, the market is expected to grow significantly by 2032.
Fumed silica, also known as pyrogenic silica, is a form of silicon dioxide (SiO2). It is produced in a flame, hence the name ‘fumed,’ and has a wide range of applications across various industries due to its unique properties such as high surface area, thixotropy, and ability to act as a filler. It is predominantly used in the production of silicone rubber, paints and coatings, adhesives and sealants, and in the pharmaceutical and cosmetics industries.
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The global fumed silica market growth is primarily driven by the increasing demand in the automotive sector, where it is used in tires and other rubber components to enhance strength and durability. The expanding automotive industry, especially in emerging economies, is significantly contributing to the demand for fumed silica.
Another significant factor propelling the market is the rising use of fumed silica in the personal care and pharmaceutical industries. As per the fumed silica market analysis, in personal care products, fumed silica is used as a thickening agent and to improve texture and sensory properties. In pharmaceuticals, it serves as an excipient and anti-caking agent in powders and tablets, which is crucial for maintaining the quality and efficacy of pharmaceutical products.
The paints and coatings industry also plays a vital role in driving the market. Fumed silica is used in paints and coatings to control rheology and prevent sagging. The global construction boom and the rising demand for high-performance coatings are further augmenting the fumed silica market size.
The growth in the electronics industry presents another lucrative avenue for the market. Due to its high purity and excellent insulating properties, fumed silica is increasingly being used in the manufacture of electronic components, particularly in insulating wires and cables.
Growing focus on developing eco-friendly production processes and on researching and developing alternative materials that can mimic the properties of fumed silica while being more environmentally sustainable, propels the fumed silica market demand.
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Fumed Silica Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
• Hydrophilic
• Hydrophobic
Market Breakup by Application
• Paints, Coatings and Inks
• Adhesives and Sealants
• Pharmaceuticals
• Unsaturated Polyester Resins
• Gel Batteries
• Food Additives
• Personal Care and Cosmetics
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global fumed silica market. Some of the major players explored in the report by Expert Market Research are as follows:
• Evonik Industries AG
• Cargill Inc.
• Cobot Corporation
• Tokuyama Corporation
• Wacker Chemie AG
• Others
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