Fumed Silica Market New Industry Research on Present State & Future Growth Prospects by 2023

Market Segmentation:

MRFR’s analysis of the Fumed Silica Market segments it based on Type, Application and Region. Types of fumed silica have been broadly segmented into hydrophilic fumed silica, and hydrophobic Fumed Silica. 

Applications of Fumed Silica have been segmented into silicon rubber, adhesives & sealants, paints & coatings, pharmaceuticals, cosmetics, battery gel, UPS, and others. Among these, the paint & coatings industry was observed to have captured a market share of more than 30% of the total market. The pharmaceutical sector is anticipated to witness highly promising growth over the forecast period due to growing applications as healthcare investments are growing. 

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Global analysis of the market has segmented the market into key regions which include North America, Latin America, Europe, the Middle East & Africa, and the Asia Pacific. 

Key Players: 

MRFR’s report on the Global Fumed Silica Market includes profiles of market players of prominence. Noted players included are Tokuyama Corporation, Cabot Corporation, Dalian Fuchang Chemical Co. Ltd., Power Chemical Corporation Ltd., 3M, Wacker Chemie AG, Dongyue Group Ltd., PPG Industrie Inc, Evonik Industries AG, and Kemitura. 

Market Insights: 

Market Research Future has reported that the Global Fumed Silica Market is expected to witness higher than average growth at a CAGR of 7.80% during the forecast period from 2017 to 2023. The Fumed Silica Market generated a value of USD 989 Mn in 2016, and at its projected CAGR the market is poised to reach an estimated value of USD 1662 Mn by the end of 2023. 

Applications of Fumed Silica include, but are not limited to, use as a thickening agent, an anti-caking agent in free-flowing powders, as a desiccant, as a light diffuser in cosmetics, as a light abrasive, and several others. Many end-use industries use Fumed Silica for its various properties, the growth of associated industries in a rapidly growing economic scenario has significantly improved the demand for Fumed Silica. Emerging economies of the globe are being recognized as a prime market with expansion opportunities due to rising disposable incomes as well as the presence of significant manufacturing sectors in these countries. The major scope of application for Fumed Silica is primarily in adhesives & sealants and paint & coatings for automotive and construction sectors. Growing construction activities in emerging markets as well as for upkeep of existing infrastructure in developed markets are expected to lead to an increased demand for fumed silica. Moreover, the material is highly affordable making it a common and popular choice. The pharmaceutical industry is an up and coming sector for the sales of Fumed Silica as healthcare investments rise worldwide.

However, demand for Bio-Based Fumed Silica is growing, and the development of this alternative is expected to challenge the growth of the market over the coming years.

Regional Analysis: 

The Asia Pacific secured the largest share of the market of over 35% in 2016. Country-level markets such as China have established themselves in a leadership position in the APAC Fumed Silica Market. Rapidly growing economies with significant growth in industries such as automotive, construction, paint & coatings and healthcare. The APAC has a significant paint & coatings market which drives the Fumed Silica Market in the region. Increased demand for products and services from these industries has resulted in rising demand for Fumed Silica. The APAC region has additionally established itself as a manufacturing hub and has attracted the attention of international players who recognize the potential the regional market represents. 

North America follows the APAC Fumed Silica Market in terms of size which covers roughly a fourth of the global market. Europe represents the third largest share, with Russia representing the fastest growing country-level market in the region. The Middle East & Africa is also a growing regional market due to the presence of rapidly emerging economies such as U.A.E & Saudi Arabia. 

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Fumed Silica Market Competitive Analysis, Emerging Trends and Demand Forecast up to 2023

Segmental Analysis:

The market for Fumed Silica is segmented on the basis of Application, Type and Region.

By Type, the market is segmented into hydrophobic fumed silica and hydrophilic fumed silica. The market segmentation on the basis of application comprises of adhesive and sealants, Paint and coating, pharmaceutical, silicon rubber, cosmetics, UPS, battery gel, and others.

On the Basis of Region, the market covers regions such as the Middle East, North America, Asia Pacific, Latin America, Europe, and Africa.

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Fumed Silica Market – Overview

The demand for Specialty Silica types has increased owing to the production of innovative products. Market reports associated with the chemicals and materials sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is anticipated to earn revenues worth USD 1662.0 million while expanding at a CAGR of 7.80% over the forecast period.

Its application in the manufacturing of coatings, cosmetics sealants, adhesives, food additives, inks, toner, and deformers, among others is fuelling the expansion of the market. The end user industries of automation and construction are contributing in a major way to the market’s development. The cost-effective nature of Fumed Silica as a component of various products has led to the accelerated growth pace of the market. Furthermore, the market is estimated to be buoyed by the demand stemming from the pharmaceutical industry in the forecast period.

Competitive Analysis:

The conception in products and services of the markets will alter the development of the market markedly. The extended feasibility of the market is extremely dependent on the techniques and the strategic roadmaps that are involved by market players. The market is significantly elevated by the advances that are occurring in the market.

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The market appeal and competitors’ tendencies are noticeably improved by the strategies that are being exploited by market players. The active combination of supply chain management is regularly enhancing the development of the market. The critical success factors in the market are effortlessly attained in the market leading to an elevated pace of development in the forecast period. The enhanced level of importance on the variation of products is raising the number of customers in the market considerably.

The leading competitors in the Fumed Silica Market globally are Wacker Chemie AG (Germany), Evonik Industries AG (Germany), PPG Industrie, Inc (U.S.), Kemitura, Dongyue Group Ltd. (China), Cabot Corporation (U.S.), 3M(U.S.), Tokuyama Corporation(Japan), Dalian Fuchang Chemical Co., Ltd(China), and Power Chemical Corporation Ltd (UK).

Detailed Regional Analysis:

The Fumed Silica Market globally has been segmented into regions such as Europe, Asia Pacific, Latin America, North America and the Middle East & Africa for the regional analysis. China is one of the highly lucrative markets across the globe, motivating the Asia Pacific’s fumed silica demand. The increased usage of Fumed Silica in various end-use applications is adding to the development of the market. Due to the key industrial developments in China, the country had generated the largest revenue figures worth USD 159 million while expanding at 8.98% as of 2016. North America is the next biggest fumed silica market with one fourth market share globally. Immense acquisition activities drive the evolving growth of the transportation sector among the key automotive giants who generate increased demand. The European region is another potential growth region. Russia was a prominent market in this region while increasing at the highest CAGR of 7.75% as of 2016.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
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Email: sales@marketresearchfuture.com

Fumed Silica Market 2018 | Challenges, Key Players, Industry Segments, Forecast Report 2023

Market Research Future (MRFR) announces the publication of its research report –Fumed Silica Market 2017-2023

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Fumed Silica Market: Evonik Industries AG (Germany), Wacker Chemie AG (Germany), Cabot Corporation(U.S.), Tokuyama Corporation(Japan), PPG Industrie, Inc (U.S.), 3M(U.S.), Dalian Fuchang Chemical Co., Ltd(China), Kemitura, Dongyue Group Ltd. (China), and Power Chemical Corporation Ltd (UK)

Market Highlights:

Commenting on this Report, an analyst from Market Research Future (MRFR)’s team said, Global Fumed Silica Market was valued at USD 989.0 million in 2016 and is predicted to grow at low CAGR of 7.80% to reach USD 1,662.0 million by the end of 2023. Exponential growth in key end use industries including paints & coatings, adhesive & sealants, and pharmaceutical considered as key growth driver in this market. Besides this, it has gained momentum in the pharmaceutical industry owing to crucial application in drug manufacturing. However, introduction of biogenic Fumed Silica has held back the growth of this market. Pressure from regulatory bodies to adopt bio based solution in order to reduce environmental impact is posed as key growth barrier.

Segment Analysis:

The Global Fumed Silica Market is segmented into type, application, and region. Market segmentation based on type includes hydrophilic Fumed Silica and hydrophobic fumed silica. Hydrophobic fumed Silica emerged as dominant segment and has acquired more than half of the global market as of 2016, expanding at 8.30%. Hydrophobic Fumed Silica exhibits properties such as reduced moisture adsorption, scratch and abrasion resistance, corrosion resistance, reinforcement, anti-setting, thickening, and sag resistance in polar system which has set to its increased consumption end user applications.  In addition to this, price economic nature of hydrophobic Fumed Silica is also another factor which has been consistently increasing its demand. On the other hand, hydrophilic Fumed Silica has seen growing at relatively lower CAGR of 7.08% as of 2016. Its consumption expected to progress in terms of market shares in the coming years.

Furthermore, on the basis of application the global market has been segmented into paints & coatings, adhesive & sealants, silicon rubber, pharmaceutical, cosmetics, battery gel, unsaturated polyester resin and others. Among all, paints and coatings dominated the global market and has acquired 31.73% global shares as of 2016. As fumed silica serves the role of viscosity adjustment, this has led to its higher adoption in paints and coating applications. The overall paints & coatings industrial growth was notes at 5.5% annual growth, therefore, the industry has set to its enhanced consumption in the coming years.   Adhesive and sealants is the second largest application segment growing at 7.91% CAGR, and it is likely to grow in same trend over the forecast period as well. Although, pharmaceutical is most emerging application segment and has gained attention most of the industry players. Pharmaceutical applications has registered dynamic CAGR of 8.03% and it is expected to increase over the assessment period. It is used to maintain power flow, die filling acid to maintain uniform weight of tablet and compaction aid to influence the hardness of tablet. It altogether has resulted into increasing adoption of Fumed Silica in drug formation, and set to uplift its usage.

Regional Analysis:

The Global Fumed Silica Market is spanned across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. According to the MRFR analysis, Asia Pacific was the most promising region in terms of consumption as of 2016. The region has accounted for the largest market share of 39% followed by North America at 23%. The region consist of few dynamic economies who have been the major contributor in the regional dominance of Asia Pacific including, China, India, Japan, and South Korea. Specifically, China is the most impactful regional as well as global market across the globe, wherein, large production and export of fumed silica undertaken. In addition to this, key industries such as paints & coatings, adhesive & sealants and pharmaceutical industries in this region was on the rise after 2010 and are encouraging demand for Fumed Silica over the years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape analysis of key vendors.

This research report provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion.
Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Fumed Silica, including the high-growth regions and their political, economic and technological environments. Furthermore, the project report also provide the views over the historical market values as well as, pricing and cost analysis of the same.

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Fumed Silica Market 2017: Analysis, Growth and Trends by Forecast to 2023

Fumed Silica, also known as pyrogenic silica, is a material consists of microscopic droplets of amorphous Silica, which is fused into branched, chainlike, three-dimensional secondary particles agglomerate into tertiary particles. The three-dimensional structure of Fumed Silica gives the material some significant properties such as high viscosity and thixotropic behavior when used as a thickener or reinforcing filler. The unique particle size and characteristics of Fumed Silica makes it applicable in a large number of applications such as paints, adhesives, coatings, sealants, inks, toner, cosmetics, food additives, and deformers, among others. The major end use industries wherein the product has successfully penetrated into paints & coatings, building and construction, and pharmaceuticals, among others. Increasing construction activities, rapid urbanization, surging disposable income, and rising standard of living in both developing and developed world are some of the major factors favoring rapid growth of the Global Fumed Silica Market. Moreover, the applicability of Fumed Silica is continuously increasing in numerous other applications such as silicon rubber, gel batteries, and lighting. Furthermore, the Global Construction Adhesives Markets is estimated to grow at a CAGR of 5.5% to reach nearly USD 11 billion by the end of review period, which is anticipated to fuel the demand of the product in the coming years. The introduction of biogenic Fumed Silica as an alternative to Fumed Silica, growing popularity towards ecofriendly paints and stringent government regulation on paint composition, are the major factors likely to hamper the growth of the market.

Competitive Analysis:
The major players operating in the fumed silica market are Wacker Chemie AG (Germany), Evonik Industries AG (Germany), Cabot Corporation (U.S.), Tokuyama Corporation (Japan), Kemitura A/S (Denmark), Cargill Inc. (U.S.), China Bluestar (Group) Co., Ltd. (China), Orisil (Ukraine), AGSCO Corp (U.S.), and Dongyue Group Ltd. (China), among others.

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Market Segmentation:
The Global Fumed Silica Market is segmented on the basis of type, source of metal, application, and region. On the basis of type, which are commercially available, the market is divided into hydrophilic and hydrophobic. The hydrophilic Fumed Silica segment is holding the largest share of the market both in terms of value and volume. This is mainly attributed to its relatively low-price and increasing usage in paints & coatings and silicon rubber. The hydrophobic Fumed Silicon or treated silicon is also an important type of Fumed Silicon, which is preferred in applications where its unique moisture resistant properties are beneficial.

Based on the source of metal, the Global Fumed Silica is segmented into silicon and ferrosilicon. Among them, the ferrosilicon segment accounting for major share of the market, in terms of value, as of 2016. Silicon metal segment of the Fumed Silica Market is also projected to witness a substantial growth rate during the forecast period.

On the basis of application, the Global Fumed Silica Market is categorized into paints & coatings, pharmaceuticals, adhesives & sealants, silicon rubber, gel batteries, and others. Over the forecast period, the pharmaceutical application segment is estimated to witness the highest CAGR. This is attributed to increasing applications of fumed silica, which is used as an excipient in the pharmaceutical industry. It also improves the flow properties of raw materials that are required for tablet and capsule manufacturing. Fumed Silica is also used for coating larger excipients and active ingredient particles. During the forecast period, the Global Construction Adhesive Market is growing at a considerable CAGR of 5.5% due to growing demand from commercial, industrial, and residential infrastructure. This is projected to boost the demand for Fumed Silica in the coming years.

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Regional Analysis:
Geographically, the Global Fumed Silica Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest and the fastest growing region owing to the increasing demand for the product from construction, automotive, and pharmaceuticals industry in this region. India, China, and Japan are the major contributors to the regional market. North America is the second most significant region in the Global Fumed Silica Market, wherein, the U.S. is the major market due to the presence of well-established end use industries such as aerospace & defense, along with an automotive and chemical industry. Europe is a substantial region in the Global Fumed Silica Market. The major markets in this region are U.K., Germany, Italy, France and Switzerland. The demand for fumed silica is growing in the automotive and chemical industry in this region. The Middle East & Africa is holding relatively lesser share in the market, as of 2016. In the coming years, the region is anticipated to grow at a significant CAGR on account of emerging construction industry and huge investment potential of the region. The region is anticipated to hold a considerable share in the Global Fumed Silica Market during the forecast period. Latin America is witnessing a steady rise in industrialization with pacifying political and economic scenario in Brazil and Colombia to join hands with leading regions in near future.

Key Points from Table of Contents:

12.    Company Profiles   

12.1       Wacker Chemie AG
12.1.1    Company Overview
12.1.2    Type/Business Segment Overview
12.1.3    Financial Updates
12.1.4    Key Developments

12.2       Evonik Industries AG
12.2.1    Company Overview
12.2.2    Type/Business Segment Overview
12.2.3    Financial Updates
12.2.4    Key Developments

12.3       Cabot Corporation
12.3.1    Company Overview
12.3.2    Type/Business Segment Overview
12.3.3    Financial Updates
12.3.4    Key Developments

12.4       Tokuyama Corporation
12.4.1    Company Overview
12.4.2    Type/Business Segment Overview
12.4.3    Financial Updates
12.4.4    Key Developments

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