The Fumed Silica Market is projected to reach USD 2.26 billion by 2022, at a CAGR of 7.1% from 2017 to 2022. The growth of the fumed silica market is primarily driven by the increasing applicability of fumed silica in adhesives & sealants, construction, and automobiles.
The hydrophilic fumed silica segment
accounted for the largest share of the fumed silica market
The hydrophilic fumed silica segment is estimated to be the largest type segment of the fumed silica market both, in terms of volume and value. This growth is mainly attributed to the low price of hydrophilic fumed silica and its usage across various applications, such as paints & coatings and inks, silicone rubber, and UPR. Furthermore, the treated fumed silica also known as hydrophobic silica is water repellent and thus, cannot be dispersed in water. Hydrophobic fumed silica encompasses unique properties such as low moisture adsorption and improved rheological behaviour.
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The pharmaceuticals application
segment is projected to grow at the highest CAGR during the forecast period
The pharmaceuticals application segment is expected to register the highest growth in terms of volume during the forecast period. Fumed silica is used as an excipient in the pharmaceutical industry. It improves the flow properties of starting materials that are required for tablet and capsule manufacturing. Fumed silica is also used for coating larger excipients and active ingredient particles.
The fumed silica market in
Asia-Pacific is projected to grow at the highest CAGR during the forecast
period
Asia-Pacific is the largest market
for fumed silica, in terms of value, followed by North America and Europe.
Various end-use industries such as construction and automobiles represent the
bulk of the demand for fumed silica in the Asia-Pacific region. Moreover,
rising awareness regarding the benefits of fumed silica has further contributed
to the high demand for fumed silica in Asia-Pacific countries, such as China,
Japan, and India.
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Biogenic fumed silica is expected to change the dynamics of the
fumed silica market, as the former product is commercialized. The biogenic
fumed silica can be manufactured by using rice hulls. It costs lower than fumed
silica due to its simpler production process.
Key
companies operating in this market include Evonik Industries (Germany), Cabot
Corporation (U.S), Wacker Chemie AG (Germany), and Tokuyama Corporation
(Japan).
Furthermore, the cost-effectiveness of fumed silica
as compared to precipitated silica is another significant factor driving the
growth of the fumed silica market.
Based on application, the pharmaceuticals segment is projected
to grow at the highest CAGR between 2017 and 2022, in terms of volume. This
growth is mainly attributed to the increasing usage of fumed silica to coat
active ingredient particles.
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