Global Fumed Silica Market is Growing at a CAGR of 7.0% in 2026
Global Fumed Silica Market is expected to rise from its initial estimated value of USD 1.72 billion in 2018 to an estimated value of USD 2.95 billion by 2026, registering a CAGR of 7% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in rising paints & coatings industry in asia pacific.Fumed silica is the type of silica that contains microscopic droplets of amorphous silica used worldwide as a universal thickening agent and anticaking agent in powders. It is Also known as pyrogenic silica, used in several industries such as paints, coatings, adhesives, plastics, sealants, cosmetics, unsaturated polyester resins. Fumed silica is majorly used in the paints and coating industries, as the anti-settling agent.
Competitive Analysis: Global Fumed Silica Market
Global fumed silica market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fumed silica market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Market Competitors: Global Fumed Silica Market
Few of the major competitors currently working in fumed silica market are Globe Specialty Metals, Inc. (U.S.), Norchem, Inc. (U.S.), Elkem (Norway), Elkon Products, Inc. (Canada), Dow Corning Corporation (U.S.), Cementec Industries Inc. (Canada), Kryton International, Inc. (Canada), Brock White Co. LLC (U.S.), (Australia), (U.K.), Bisley & Company Pty. Ltd. (Australia), Rockfit Corporation (India), Wuhan New Reach Chemical Co. Ltd. (China), Shanghai Topken Silica Fume Co. Ltd. (China), Shenzhen Bemsun Industry Co. Ltd. (China), N.K. Enterprises (India), Concrete Waterproofing Manufacturing Pty Ltd (Australia), Applied Material Solutions (USA), and Heraeus Quarzglas GmbH & Co. Kg (Germany).
Market Drivers:
- Fumed Silica is available at chip price in the market as compare to precipitated silica, this act as a drivers for growing in the market.
- Silica is mostly used in pharmaceutical and construction industries.
Market Restraints:
- Growing popularity of the eco-friendly paints hampering the demand for fumed silica
- There are government regulations in fumed silica, this act as restraints in fumed silica market.
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Segmentation: Global Fumed Silica Market
- By Type (Hydrophilic, Hydrophobic);
- By Application (Paints & Coatings, Adhesives & Sealants, Pharmaceuticals, UPR, Gel batteries, Lighting, others);
- By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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