Fumed silica comes with a very strong effect of thickening. The primary particle size of fumed silica comes between 5nm to 50 nm. These particles come with a surface area of 50 m2/g to 600 m2/g and are non-porous. Fumed silica works as an anti-caking and thickening agent in powders. It also works as a desiccant. Fumed silica finds use in personal care and cosmetic industry due to its light-diffusing properties. In products like toothpaste, it is used as a light abrasive. Such multiple uses of the product are likely to propel the expansion of the global fumed silica market
The global fumed silica market is projected to clock at a healthy CAGR of 5% over the projection period, from 2019 to 2029. High demand from the automotive industry is likely to propel the global fumed silica market reach prominence acquiring a market valuation of US$ 2.7 billion toward the end of the forecast period.
Kemitura A/S, Tokuyama Corporation, Hubei Xingrui Silicon Materials Co., Ltd, Cabot Sanmar Limited, Evonik Industries AG, and Wacker Chemie AG are some of the prominent players in the global fumed silica market.
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Augmented Demand in Multiple Applications Bolsters its Demand in the Market
In the adhesives and sealants industry, fumed silica finds use in the improvement of the viscosity of the product. In addition, it also regulates the extrusion properties at the time of application, betters anti-settling properties during storage, and provides anti-sag characteristics at the time of cure. Such multiple uses are likely to encourage the growth of the global fumed silica market in the years to come.
Fumed silica finds wide use in the paints and coatings industry, the product is mainly utilized for viscosity adjustment and inducing thixotropic behavior. Fumed silica gives excellent corrosion and chemical resistance, superior rheology control, and offers improved mechanical reinforcement. The three-dimensional structure offers protection against sagging in paints and coatings solutions. In addition to that, diminishes the possibility of picture framing and fat edges in coatings. At the same time, it also assists in pattern development. Augmented use of paints and coatings in the construction and automotive industry is estimated to influence the global fumed silica market positively.
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Growing Preference for Green Methods to Impede Market Growth
Leading producers of fumed silica across the globe is likely to prefer existing methods of fumed silica production methods. The existing method is flame pyrolysis method of silicon tetrachloride with oxygen and hydrogen. These conventional processes require a lot of capital and also need more energy for production as compared to other processes. This factor is likely to hamper the growth of the global fumed silica market in years to come. The emergence of green alternatives such as the one invented by US-based SioTex Corporation that uses rice hulls is gaining traction. Such green methods are expected to affect the growth of the conventional processes of fumed silica production.
Asia Pacific Market is Likely to be Driven by Thriving Construction Industry
In the global fumed silica market, Asia Pacific is likely to come up as a highly lucrative regional segment. Much of the growth of the market is ascribed to the presence of several industries in the region. The flourishing real estate sector is estimated to make extensive use of paints and coatings solutions. This, in turn, is likely to propel the growth of the fumed silica market in Asia Pacific. The regional market is likely to be driven by India and China.
North America is likely to emerge as another prominent region due to the rapid expansion of the pharmaceutical industry. In addition, continuous research and development activities in the region are expected to further the growth of the market in North America.
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