Global Fumed Silica Market: Market Analysis by Knowledge Sourcing Intelligence

Global fumed silica market is projected to witness a compound annual growth rate of 6.75% during the forecast period, reaching a total market size of US$2,041.230 Million in 20223 from US$1,379.382 Million in 2017. Fumed silica has two primary functions: First, include the increase in strength of various materials and the second consists of rheology control which helps in tailoring the viscosity of the system according to the customer’s needs. Fumed silica serves as a universal thickening agent, it also serves as a desiccant, thus aids in the removal of humidity and provides protection against moisture. This property of fumed silica is extensively utilized in paints, coatings and laminating applications.

sample view of global fumed silica market:market research by knowledge sourcing intelligence
Sample view of Global Fumed Silica Market Forecast, US$ Million, 2017 To 2023


Global Fumed Silica Market by End-use Industry:
By end-use industry, the global fumed silica market is segmented as Construction, Automotive, Cosmetics, Paints and Coatings, Pharmaceuticals, Consumer Electronics, and Others. Construction, and Paints and Coatings industry held the significant market share in 2017 owing to high adoption of fumed silica due to rising demand for water-based paints and coatings from both architectural and industrial sector. Increasing investment in the construction sector in developing economies and the growing adoption of fumed silica in the cosmetic industry is considered as the driving factor for the growth of the market. Growing disposable income in the low and middle-income countries increases the demand for an automobile in the region which leads to increasing demand for fumed silica in the region for the automotive sector during the forecast period. The market research provides a detailed analysis of global fumed silica market on the basis of various segment like- by geography, by end-user industry etc.

sample view of global fumed silica market: market research by knowledge sourcing intelligence
Sample view of Global Fumed Silica Market Share by End-user Industry


Global Fumed Silica Market by Geography:
Geographically, global Fumed Silica market is segmented as Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC). APAC is projected to witness the fastest regional market growth during the forecast period owing to booming manufacturing of automotive and consumer electronics in countries like China, Taiwan, and India. Growing demand from Chinese silicone industry for adhesives and sealants needed in buildings and automobiles is attracting global fumed silica manufacturers to set up their plant across this region.

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Major market players are expanding their manufacturing facilities in order to meet the fueling market demand for high-performance fumed silica while improving supply and manufacturing efficiencies.

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