The Fumed Silica Market is expected to rise USD 1.8 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.00% from 2022 to 2028. Fumed Silica is produced in a flame consisting of microscopic droplets of amorphous. Silica is majorly used in silicone elastomers, adhesives & sealants, paint, and coating & inks. Factors such as, increased demand from pharmaceutical, electrical & electronics, personal care & beauty, food & beverage, building & construction, and automotive & transportation, industries are bolstering the growth of Fumed Silica Market in the coming years.
- The hydrophilic type segment of Fumed Silica Market is projected the largest growth of Fumed Silica Market. Silica has good insulating properties and hence it is used in non-polar resin systems.
- Silicone elastomers application segment is accounted for the steady growth of Fumed Silica Market. These elastomers are used in a wide variety of products such as cooking, baking, food storage, and it is also used in the construction and manufacturing of sealants.
- Asia Pacific accounted the largest growth of the Fumed Silica Market. Europe has a big medical industry and large investments have been made in the technology and pharmaceutical industry that will help them to have a stronghold in this market.
The major players involved in the development of Fumed Silica Market are Dongyue Group, Kemitura Group, Cabot Corporation, OCI Company Ltd., Evonik Industries AG, Tokuyama Corporation, Orisl, China-Henan Huamei Chemical Co., Ltd., Wacker Chemie AG, Henan Xunyu Chemical Co., Ltd., Cabot Sanmar Limited, and Hubei Xingrui Silicon Materials Co., Ltd..
Fumed Silica has been used in the pharmaceutical industry since 1957, earlier it was only used as a medium for medicine to travel in the human body, hence the production of tablets and capsules was a challenge earlier. With the help of research and technology, the use of Fumed Silica and its known properties such as anti-caking agent, good absorbent, quick disintegration, or glidant has aided the tablet and capsule manufacturers in its extensive and widespread use. In addition to this, the FDA has approved it to be safe to use, thus, it increases the Fumed Silica Market demand.
Government and global associations have put numerous stringent rules and mandates pertaining to the use of Fumed Silica. FDA has restricted the use of silica in food additives to only 2% of the total weight of the product. The occupational and health administration has enforced standards against the use of Fumed Silica, thus, hampering the market demand. Silica being a hazardous substance, its usage has a lot of limitations and intern reduces the profit margin & hampers the growth of Fumed Silica Market to an extent.