Fumed Silica Market

Fumed Silica Market Size (2023-2028)

The Fumed Silica Market is projected to reach USD 4.34 Billion by 2028, at a CAGR of 10.2% from 2023-2028

Fumed silica is produced in a flame, which is why it is also known as fumed silica. It is a special type of silica made up of microscopic droplets of amorphous silica. Due to its rheological properties and thixotropic behavior, the paints and coatings industry mainly uses fumed silica to prevent oxidation and corrosion. The particle size and unique characteristics of fumed silica make it applicable in a wide variety of applications such as adhesives, coatings, sealants, inks, toners, cosmetics, food additives, and deformers, among others. Various pharmaceutical manufacturers are faced with various problems such as compaction, tablet unevenness, weight variation, unnecessary stickiness, segregation of active or inactive ingredients, chipping, breaking tablets, etc. and fumed silica is the perfect solution to these problems. Advances in technology and the need to achieve cost optimization will force pharmaceutical producers to opt for the product due to its astounding benefits.

The additive can also act as a reinforcing agent to improve the physical properties, in particular the tear resistance of the cured sealant. In Europe, manufacturers in the DIY adhesive market have switched to transparent packaging, where auxiliary opaque reinforcing additives (waxes, clays, and calcium carbonates) are used for rheology control and reinforcement of adhesives and sealants.  STP is used to replace fumed silica, which closely resembles its refractive index with transparent polymers.

Drivers & Restraints of the Fumed Silica Market:

The major driver of growth of the global fumed silica market is the exponential demand in various applications such as paints and coatings, adhesives and sealants, the food industry, and others. In addition, the profitability of the product relative to precipitated silica is another factor that is expected to drive the growth of the target market. In addition, increasing innovations in drug production, which in turn drive demand for fumed silica, is a dynamic factor that is expected to drive the growth of the target market. However, the increasing demand for biologics and the availability of alternatives such as biogenic fumed silica may hamper the growth of the global fumed silica market during the forecast period. Furthermore, the rise in the standard of living coupled with the increase in the disposable income of the population is expected to create a lucrative opportunity to fuel the growth of the global fumed silica market. One trend observed in the target market is the increasing demand for fumed silica in personal care products. This factor is expected to further stimulate the growth of the target market to a large extent in the long term.

The analysis of the fumed silica market may be affected by the availability of cheaper substitutes such as precipitated silica. Precipitated silica offers better performance as a mattifying agent and for reducing the gloss of paints compared to fumed silica. You can reduce gloss by over 62% with minimal addition. Preventive storage and handling measures should be taken when handling fumed silica. It should be kept dry and the use of a fine dust filter respirator is recommended. Additionally, the introduction of biogenic fumed silica has challenged the growth of this market and is expected to continue to be a challenge for years to come.

FUMED SILICA MARKET REPORT COVERAGE:

Fumed Silica Market Segmentation

Fumed Silica Market - By Type

• Hydrophilic

• Hydrophobic

 The difference between these two types is based on their ability to combine with water. Hydrophilic fumed silica has a strong affinity for water, while hydrophobic silica has water-repellent characteristics. Hydrophilic silica is untreated and is relatively less expensive than hydrophobic silane-treated silica. Between these two segments, the hydrophilic segment is likely to occupy the majority of the shares on schedule due to the wide range of applications.

_{Fumed Silica Market - By Application}

• Paints & Coatings and Inks
• Adhesives & Sealants
• Pharmaceuticals
• UPR
• Gel Batteries
• Lighting
• Others

The increase in disposable income levels associated with lifestyle changes will catapult the growth of the cosmetics industry and thus lead to sales growth in the fumed silica market. The adhesives and sealants industry shows important future trends as the product is used as an additive to provide effective rheological control. Increases viscosity and improves anti-settling and extrusion properties.

In the paints and coatings industry, the product is mainly used to induce thixotropic behavior and viscosity adjustment additionally, it minimizes the possibility of thick edges and image framing on coatings while facilitating pattern development. The increasing use of paints and coatings by the automotive and construction industries will positively influence the growth of the fumed silica market in the future.

Fumed Silica Market - By Region

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

The Asia-Pacific dominated the market with a share of over 47%, with the highest consumption in countries like China and India. China accounts for over 43% of Asia-Pacific's total share of the adhesives and sealants market. In addition, in India, the pharmaceutical industry is the main consumer of fumed silica. The country is the world's largest supplier of generic drugs, with 45% of the demand for generic drugs in the United States and 27% of all drugs in the United Kingdom. According to the India Brand Equity Foundation, the country's pharmaceutical industry is expected to reach USD 55 billion, with an average growth rate of 20% year on year. In addition, according to data released by the Department of Industrial Policy and Promotion (DIPP), the drugs and pharmaceuticals sector has attracted accumulated FDI inflows. This is expected to provide huge opportunities for the pharmaceutical sector in the country, thus increasing the use of fumed silica in the sector in particular.

After Asia-Pacific, North America was the second largest market for fumed silica with a quarter of the world market. The development of growth in the transport sector, stimulated by the major supply activities of the main automotive giants, has generated prolific demand. Europe is another region with growth potential, comprising the main markets of Germany, UK, Russia, and France. The region is made up of large government regulators that were forcing major industry players to switch to bio-based products due to environmental concerns. Russia was the very emerging market in this region with the highest CAGR growth of 7.86% as of 2020. Over the past five years, there has been a gradual demand in the Middle East and African markets. Therefore, the growing concentration of the world leader in this region may offer several growth prospects in the coming years.

Fumed Silica Market Key players:

1. Evonik Industries AG (Germany)

2. Wacker Chemie AG (Germany)

3. Cabot Corporation (U.S.)

4. Tokuyama Corporation(Japan)

5. PPG Industrie, Inc (U.S.)

6. 3M(U.S.)

7. Dalian Fuchang Chemical Co., Ltd(China)

8. Kemitura

9. Dongyue Group Ltd. (China)

10. Power Chemical Corporation Ltd (UK)