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The latest research study “Fumed Silica Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global fumed silica market reached a value of US$ 1.21 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.66 Billion by 2027, exhibiting a CAGR of 5.32% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Fumed silica (SiO2) refers to a white powder that is chemically synthesized by the pyrolysis method wherein silicon tetrachloride (SiCl4) reacts with oxygen (O2) in a flame. The gelling process of SiO2 is reversible as compared to conventional gel electrolytes, such as non-thixotropic gel, which is permanent and non-reversible. In line with this, it assists in enhancing the rheological, thermal, and mechanical properties of adhesives, including thermoplastic polyurethane (TPU). Consequently, fumed silica finds wide-ranging applications in various industries, such as personal care, food and beverage (F&B), construction, chemical, etc.
Global Fumed Silica Market Trends and Drivers:
The expanding automotive sector is primarily driving the fumed silica market. Additionally, the widespread adoption of fumed silica as a desiccant, stabilizer, and thickening and anti-caking agent in pharmaceutical products, paints, sealants, etc., is further catalyzing the market growth. Besides this, the rising utilization of fumed silica in the manufacturing of silicone elastomers to improve their hardness, tensile strength, toughness, resistance against tear and abrasion, etc., is acting as another significant growth-inducing factor. Moreover, the growing popularity of SiO2 as a flow additive for powder coatings and the increasing levels of industrialization are also positively influencing the global market. Apart from this, numerous leading manufacturers are investing in R&D activities to develop innovative product variants, which is anticipated to fuel the fumed silica market over the forecasted period.
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Fumed Silica Market Report Scope
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Type, Application, End Use Industry and Region
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
AGSCO Corp., AMS Applied Material Solutions, Cabot Corporation, Chifeng Shengsen Silicon Technology Development Co. Ltd., China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation), Evonik Industries AG, Gelest Inc. (Mitsubishi Chemical Corporation), Heraeus Holding, Kemitura A/S, OCI Company Ltd., Tokuyama Corporation and Wacker Chemie AG.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has been segmented the market into following categories:
Breakup by End Use Industry:
List of Major Key Players:
The major players in the market are AGSCO Corp., AMS Applied Material Solutions, Cabot Corporation, Chifeng Shengsen Silicon Technology Development Co. Ltd., China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation), Evonik Industries AG, Gelest Inc. (Mitsubishi Chemical Corporation), Heraeus Holding, Kemitura A/S, OCI Company Ltd., Tokuyama Corporation and Wacker Chemie AG.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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