The Fumed Silica Market size is projected to grow from USD 1.3 billion in 2021 to reach USD 1.6 billion by 2026, at a CAGR of 5.1% during the forecast period. The fumed silica market is expected to witness significant growth in the coming years due to its increased demand across the building & construction, electrical & electronics, automotive & transportation, personal care & beauty, food & beverage, and pharmaceutical industries.
Browse 170 market data Tables and 41 Figures spread through 195 Pages and in-depth TOC on “Fumed Silica Market by Type (Hydrophilic and Hydrophobic), Application (Silicone Elastomers, Paints, Coatings & Inks, Adhesives & Sealants, UPR & Composites), End-Use Industry, and Region – Global Forecast to 2026”
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In terms of value & volume, the hydrophilic segment is estimated to lead the fumed silica market in 2020.
The hydrophilic segment accounted for the largest market share in the fumed silica market. The hydrophilic nature of fumed silica is the result of the attached hydroxyl groups on the silica atom at the particle surface, owing to which the product is capable of hydrogen bonding, helping it to disperse in water. Hydrophilic fumed silica helps in increasing the adhesion properties. It also absorbs water off the surface of the particle hence is best suited as an anti-caking agent.
In terms of value & volume, UPR & composites segment is estimated to be the fastest-growing segment in the fumed silica market.
The UPR & composites segment is expected to grow at the highest CAGR from 2021 to 2026. It is witnessing high growth owing to increasing resin applications in various industry verticals, technological advancement, and their growing demand in developing regions. Building & construction, pipes & tanks, and automotive applications use UPR extensively for making fiber reinforced plastics (FRP). They are also widely used in thermosetting resins with better product performance in comparison to epoxy, vinyl ester, acrylics, amides, and alkyd resins. Various properties associated with UPR include relative ease of manufacturing, cost-effectiveness, ease of processing, and their ability to be readily modified for specific use.
Building & construction dominated the fumed silica market in 2020, in terms of value and volume.
The building & construction end-use industry accounted for the largest share for fumed silica in 2020, in terms of value and volume. Increasing construction activities, coupled with rapid urbanization and industrialization in emerging economies, are leading to the rise in demand for fumed silica in the building & construction industry.
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Fumed silica consists of microscopic droplets of amorphous silica fused into branched, chainlike, three-dimensional secondary particles, which agglomerate into tertiary particles. The resulting powder has an extremely low bulk density and high surface area. Its three-dimensional structure results in increased viscosity and thixotropic behavior when used as a thickener or reinforcing filler. It is of two types: hydrophobic and hydrophilic. Fumed silica is widely used and preferred for application in paints and coatings, cosmetics and personal care products, adhesives and sealants, printing inks, amongst others
The fumed silica market has thousands of companies that thrive in their domestic market. A few of the major players are, Evonik Industries (Germany), Cabot Corporation (US), Wacker Chemie AG (Germany), Tokuyama Corporation (Japan), and Applied Material Solutions Inc. (US), among others. These players have adopted various growth strategies, such as mergers & acquisitions, and agreements, to increase their market shares and enhance their product portfolios.
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