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 76.8% during the forecast period from 2022–2030. 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 Market. 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.

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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.

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.  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.

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).

Market Segmentation

MRFR's analysis of the fumed silica market segments it on the basis of 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.

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.

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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Latest Industry News:

Evonik Industries has established a joint venture agreement with Chinese Wynca Group to manufacture fumed silica under the Aerosil brand name.

In response to growing demand, Evonik Industries in Germany is expanding its refining capacity for fumed silica in Rheinfelden, Germany.

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