Fumed Silica Market

Market Synopsis:

Global Fumed Silica market is valued at USD 1.2 Billion in 2021 and is estimated to reach a value of USD 1.8 Billion by 2028 at a CAGR of 5.75% during the forecast period. The market revenue and volume are predicted to reduce in 2021 as a result of the COVID-19 pandemic; however, the reduction is expected to soon recover and show a considerable increase thereafter. In terms of both production and consumption, China controls nearly half of the global Fumed Silica market. The global supply chain has been harmed by Chinas reliance since the coronavirus pandemic has disrupted shipping and production processes.

Furthermore, industrial closures and travel and trade restrictions put people at risk of becoming overly reliant on a single area for both vital and non-essential goods. The industry is also catching up to supply concerns by concentrating manufacturing activities in multiple geographic places to reduce the danger of relying on a single source.

The global Fumed Silica market has seen a lot of demand from the automotive, healthcare, paint & coatings, and construction industries, which means there are a lot of potentials for it to grow in the next years. It is expected to be used in the majority of end-user applications. The major players are now on the lookout for new applications in which their products can be used to fulfill the estimated worldwide Fumed Silica market size for the next few years.

Market Segmentation:

The global Fumed Silica market is segmented on the basis of {{segments}}. Based on Type, the market is segmented as Hydrophilic And Hydrophobic. By Application, the market is segmented as Silicone Elastomers, Paints, Coatings & Inks, Adhesives & Sealants, UPR & Composites, Building & Construction, Electrical & Electronics, Automotive & Transportation, Personal Care & Beauty, Food & Beverages, Pharmaceuticals and Others.

The hydrophilic sector of the Fumed Silica market is expected to be the largest. Hydrolyzing volatile chlorosilanes in an oxyhydrogen flame produces hydrophilic Fumed Silica. It can be absorbed and distributed fully in water. At high temperatures, this silica possesses outstanding insulating characteristics. Non-polar resin systems can benefit from hydrophilic Fumed Silica. Its employed in silicone reinforcing and thickening, as well as in the thickening of non-polar solvents including xylene, mineral spirits, and styrene. Its best for compositions where shelf stability isn't a big concern. Because of its inexpensive cost, hydrophilic Fumed Silica is rapidly being used in a variety of applications. Even at high temperatures, it has good chemical purity and excellent insulating characteristics.

The largest section of the Fumed Silica market is expected to be silicone elastomers. Voltage line insulators, cooking, baking, and food storage items; undergarments, sportswear, and footwear; electronics; medical devices and implants; and household gaskets and O-rings are all examples of silicone elastomers in use. Silicone elastomers are also employed in the production of sealants. Because of their physiological inertness, they are ideal for usage in the healthcare business, particularly in blood transfusions, artificial heart valves, and other prosthetic devices. The United Kingdom, France, Germany, the United States, and Japan are the major producers of silicone elastomers.

Increasing Demand For Fumed Silica In The Pharmaceutical Industry Are Expected To Drive Growth Of The Fumed Silica Market

The creation of tablets and capsules in the pharmaceutical business is a big difficulty, but fumed silica helps to improve characteristics, making the process considerably easier. In tablet manufacturing, fumed silica is used as anticaking agents, adsorbents, disintegrants, and glidants to allow powder to flow easily when tablets are being processed. Biologically, these chemicals appear to be harmless. The FDA considers it to be generally safe.

Due to the medical industry in Europe, demand for Fumed Silica is predicted to expand at an unprecedented rate. Large investments are being made in the pharmaceutical business in Europe, and technological advancements are reinforcing the markets grip. The pharmaceutical business has experienced strong growth as a result of COVID-19s impact.

Increased Demand In Paints, Coatings And Sealants Industries Are Expected To Drive Growth Of The Fumed Silica Market

During the projected period, demand for Fumed Silica is expected to rise due to rising demand in the paints, coatings, and sealants industry. According to the World Painting and Coating Association, the global painting and coating industry will produce USD 150 billion in revenue in 2020, and demand for Fumed Silica will rise as the industry improves the properties of paints and coatings to suit customer demand. The thixotropic nature of fumed silica in sealants provides sag-specific features for successful practical application. It also gives sealants reinforcement and mechanical qualities. Because no other source can achieve these qualities, Fumed Silica has a competitive edge and dominates the sealant industry.

Stringent Government Regulations On The Usage Of Fumed Silica

Governments and organizations all over the world have enacted a slew of regulations and standards governing the use of fumed silica. The Food and Drug Administration (FDA), for example, has placed restrictions on the use of fumed silica in production. Manufacturers may use fumed silica as a food additive, but only in modest amounts that do not exceed 2% of the products weight. A standard for fumed silica is enforced by the Occupational Safety and Health Administration (OSHA).

{{Largest_Region}} Fumed Silica Market to Grow at the Fastest CAGR

In terms of value, APAC had the greatest market share of nearly 42.58% in 2021. One of the main drivers of industry expansion in this region is the expanding population and rapid urbanization. APAC is a profitable market for producers looking to acquire market share and enhance profitability because of the high domestic demand, simple availability of raw materials, and low-cost labor. The advantages of setting up production facilities, the low cost of manufacturing, and the opportunity to better serve local emerging markets are attracting manufacturers of fumed silica to this country.

Competitive Landscape:

Some of the major vendors in the Fumed Silica market is Dongyue Group

Fumed Silica is Segmented as Follows: