Fumed Silica Market is Estimated to Witness High Growth Owing to Rising Demand from Adhesives and Sealants Industry

 
Fumed Silica Market Growth

The fumed silica market consists of fumed silica or pyrogenic silica which is an ultra fine white powder manufactured through flame hydrolysis of high purity silicon compounds. Fumed silica has properties like low bulk density, high porosity and large specific surface area which makes it effective for rheology, thickening, reinforcement and surface modification. It is used as a reinforcing filler and thickening agent in sealants, adhesives, coatings, tires, batteries, and personal care products.

The Global fumed silica market is estimated to be valued at US$ 1.42 Bn in 2024 and is expected to exhibit a CAGR of 10. % over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the fumed silica market are Magna International Inc., Webasto Roof Systems Inc., Mitsuba Corporation, Inteva Products (Acquired by CIE Automotive), Johnan America Inc., Aisin Seiki Co. Ltd., ACS France SaS, Yachiyo Industry Co. Ltd., and Inafla Roof Systems. The key opportunities in the fumed silica market include growing demand from emerging applications such as coatings & printing inks, pharmaceuticals & food additives, and unsaturated polyester resins. Additionally, fumed silica manufacturers are expanding their global presence with capacity additions and new plants in Asia Pacific and North America market.

Market Drivers

The global Fumed Silica Market Growth is driven by the rising demand from the adhesives & sealants industry. Fumed silica plays a crucial role as a thickening and reinforcing agent in adhesives, sealants and coatings. The adhesives and sealants industry has been growing at a steady rate owing to increased construction activities and automotive production across the globe. Fumed silica helps enhance strength, abrasion resistance and thermal stability of adhesives and sealants. This widespread application of fumed silica in the adhesives and sealants industry is expected to drive the market growth over the forecast period.

PEST Analysis

Political: Government regulations regarding environmental pollution and workplace safety impact the demand for fumed silica used in various end-use industries like coatings, inks, adhesives, among others. Fumed silica helps improve properties like durability, UV resistance which align with environmental sustainability goals.

Economic: Global economic growth driving Fumed Silica Market Size and Trends from end-use industries boosts demand for fumed silica. A recovering global economy and industrial production post pandemic supports market growth.

Social: Rising health awareness about harmful effects of VOCs in paints and coatings drives product replacement with eco-friendly alternatives containing fumed silica. Growing preference for non-toxic and low emission products augurs well.

Technological: manufacturers focus on continuous process improvements to enhance production efficiency and switch to renewable resources. Adoption of additive manufacturing and 3D printing technologies utilizing properties of fumed silica also support market expansion.

Geographical regions where market in terms of value is concentrated

The Asia Pacific region dominates the global fumed silica market in terms of value, accounting for more than 40% share. This is owing to large presence of manufacturing industries and rapid industrialization in major economies like China, India. surging demand from paints & coatings, unsaturated polyester resins, and food applications drives the region’s large market size.

The fastest growing region for the Fumed Silica market is expected to be Latin America during the forecast period. This growth can be attributed to increasing industrial and construction activities along with expanding unsaturated polyester resins and coatings industries in the region. Ongoing infrastructure development projects especially in Brazil and Mexico provide opportunities for market players.

Get More Insights on- Fumed Silica Market

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)


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