Fumed Silica Market Projected to reach USD 1.8 Billion by 2028
The Fumed Silica Market is expected to rise USD 1.8 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.1% 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.
The Fumed Silica is segmented as follows:
Browse market data Tables and Figures
Pages and in-depth TOC on "Fumed Silica Market by Type (Hydrophilic, Hydrophobic), by Application (Silicone Rubber, Plastics and Composites (Unsaturated Polyester Resin), Food and Beverages, Paints and Coatings (Including Inks)), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)"
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Vantage Market Research is a reputed company committed to providing high quality data and market research services. The company provides quantified B2B high quality research on more than 20,000 emerging markets. The company offers detailed reports on multiple industries including chemical materials and energy, food and beverages, healthcare, technology, etc. The company comprises over 125 analysts and consultants, adding more than 1,100 market research reports to its vast database every year. The company’s clientele base spans across 70% of the Global Fortune 500 companies.