Fumed Silica Market will Grow at a CAGR of 5.2% during 2022-2029

Fumed Silica Market Overview:

Fumed Silica is an amorphous substance that is created in the flame when silicon tetrachloride is hydrolyzed with water. Sio2 is the chemical formula for fumed silica. Extremely tiny particles of fumed silica with a high surface area and low bulk density have a powerful thickening effect.

Fumed silica is largely utilised as a reinforcing agent and for rheology control, which regulates a system's viscosity. Fumes silica is used in a wide range of products across many different sectors, including paints and coatings, adhesives and sealants, food and drinks, and personal care.

Fumed silica is used in the food and beverage sector as an anticaking and thickening agent. Inks for printing, adhesives, sealants, unsaturated polyester resins, pigments and coatings, and many more products utilise it as a filler and viscosity modifier. Due to its ability to scatter light, fumed silica is also utilised in the cosmetic sector. It is also used as an abrasive in a variety of goods, including toothpaste.

Fumed Silica Market Size and Future Apprehension:

According to the most recent DataM Intelligence analysis, the global “Fumed Silica Market” was estimated to grow at a high CAGR of 5.2% during the forecast period 2022-2029.

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Fumed Silica Market Dynamics:

Drivers:

Fumed silica is used in a variety of end uses, including the paint and coatings business, the automobile industry, adhesives and sealants, the food sector, and many more. Over the course of the forecast period, rising demand from end-use industries, in particular the paints and coatings sector, is anticipated to propel the expansion of the fumed silica market. Additionally, the market for fused silica is anticipated to rise strongly in the upcoming years due to rising consumer expenditure and disposable income, as well as consistent increases in industrial output (including growth in automobile manufacturing).

Restraints:

Due to the fact that fumed silica is a consumable commodity with applications in many different end-use sectors, the fumed silica market is heavily reliant on the expansion and profitability of these end-use industries. The growth and profitability of the fumed silica market might be negatively impacted by the cyclical behaviour of many end-use sectors, such as the automobile industry, etc. This could be a significant challenge for the market participants operating the global fumed silica market.

Covid-19 Impact Analysis:

The COVID-19 epidemic had an unequal influence on the worldwide fumed silica industry. Since government-imposed lockdowns and restrictions caused a protracted halt to manufacturing and building activity throughout the world, automotive and construction applications have seen sharp decreases. Sanitary and medicinal uses experienced rapid expansion. The major reasons for the increase were greater public hygiene awareness and an increase in healthcare-related activities as a result of the epidemic.

Some of the major countries covered in the global report such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe

Fumed Silica Market Segmentation Analysis:

The global Fumed Silica Market is segmented based on

By Type:

·????????Hydrophobic

·????????Hydrophilic

By Application:

• ?Silicone Elastomers
• ?Paint Coatings & Inks
• ?Adhesives & Sealants
• ?Composites
• ?Others

By End-User:

·????????Automotive & Transportation

·????????Building & Construction

·????????Electrical & Electronics

·????????Food & Bevearges

·????????Pharmaceutical

·????????Others

By Region:

• ?North America
• ?Latin America
• ?Europe
• ?Asia Pacific
• ?Middle East and Africa

Competitive Landscape:

Some of the major players contributing to the growth in the segment are

• ?Evonik Industries AG
• ?Wacker Chemie AG
• ?Cabot Corporation
• ?Tokuyama Corporation
• ?China National Bluestar Corporation
• ?Applied Material Solutions Inc
• ?Agsco Corporation
• ?Kemitura A/S
• ?Orisil and Chifeng Shengsen Silicon Technology Development Co. Ltd

Fumed Silica Market Recent Developments:

• ?The capacity of Evonik Industries AG's factory in Antwerp, Belgium, to produce more fumed silica for use in contemporary adhesive systems, transparent silicones, non-flammable insulating materials, coatings and paints, was disclosed in August 2019.
• ?Evonik Industries AG and Wynca decided to launch a joint venture in August 2018 in which Evonik would own 60% of the new business and produce fumed silica that will be sold under the brand AEROSIL.

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