According to the new market research report ” Fumed Silica Market by Type, Component, Application, Location and Region – Global Forecast to 2028″, published by IMARC Group, the market is projected to reach US$ 35.4 Billion by 2028, exhibiting at a CAGR of 6.69% during 2023-2028.
The global fumed silica market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028
Fumed silica, commonly known as pyrogenic silica, is generated through the vaporization of silicon tetrachloride or silicon dioxide vapor at high temperatures, followed by condensation. This remarkable substance plays a vital role in various formulations, offering valuable attributes such as viscosity control, thixotropy, and resistance to sagging. By preventing the settling or separation of solid particles in suspensions, fumed silica ensures stability in coatings, adhesives, and other viscous materials. Moreover, it significantly enhances mechanical properties like tensile strength, tear resistance, and dimensional stability. Additionally, its ability to improve flow properties and processability makes it an indispensable rheology modifier and thickening agent in liquid systems.
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Fumed Silica Market: Key Drivers and Trend:
The market for fumed silica is experiencing significant growth worldwide, driven by its expanding applications in various industries. In the food and beverage sector, fumed silica is increasingly utilized as a thickener or stabilizer to preserve the texture and stability of powdered food products. This usage trend contributes to the overall market growth. Similarly, the chemical industry is adopting fumed silica as a catalyst support to enhance reaction rates and remove impurities, further fueling market expansion. Furthermore, fumed silica finds extensive use as a reinforcing agent in the production of silicone elastomers, improving their toughness, hardness, tensile strength, and resistance to tear and abrasion. These positive attributes have a favorable impact on the market. Moreover, ongoing research and development (R&D) efforts play a crucial role in bolstering the growth of the fumed silica market.
Fumed Silica Market 2023-2028: Segmentation
Breakup by Type:
- Hydrophilic Fumed Silica
- Hydrophobic Fumed Silica
Breakup by Application:
- Silicone Elastomers
- Paints, Coatings and Inks
- Adhesives and Sealants
- UPR and Composites
- Others
Breakup by End Use Industry:
- Building and Construction
- Electrical and Electronics
- Automotive and Transportation
- Personal Care and Beauty
- Food and Beverages
- Pharmaceuticals
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Report Purchase Reason:
- Historical market data from 2017-2022
- CAGR of the market during the forecast period 2023-2028
- Detailed information on factors that will drive Fumed Silica Market growth during the next five years
- Precise estimation of the Fumed Silica Market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- The growth of the Fumed Silica Market across North America, APAC, Europe, Latin America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of Fumed Silica Market key players
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