According to ChemAnalyst report, “Global Fumed Silica Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2035”, The Fumed Silica market will likely experience a significant rise and reach approximately 450 thousand tonnes in 2035, at an expected CAGR of 4.46% during the forecast period by 2035. The rising demand for Fumed Silica from Food & Beverages, Paints, Coatings & Inks, Adhesives & Sealants, Synthetic Rubber, and Other end-use industries is anticipated to hike up the need for the Fumed Silica market in the forecast period.
Fumed Silica is produced by pyrolysis of silicon tetrachloride in a flame or by vaporising quartz sand in an electric arc at 3000 °C. Fumed Silica is used in powders as a thickening agent, an anti-caking, and a free-flowing agent. It performs the same desiccant function as silica gel and possesses thixotropy. Industrial applications of Fumed Silica are in producing paints, adhesives, printing inks, coatings, polyester resins, silicon elastomers, adhesives, sealants, and vacuum-insulated panels.
The Fumed Silica market globally is primarily driven by the growing demand for finished goods. With rapid urbanization, there is a rising need for finished goods and Automotives that fuel the demand for paints, coatings, and adhesives. Fumed Silica possesses thixotropic nature, making the paints sag-free and much easier to spread on surfaces. Furthermore, its high degree of reinforcement makes it a suitable ingredient for preparing adhesives and sealants. In 2021, approximately 50% of global Fumed Silica was collectively utilized by Adhesives & Sealants and Paints, Coatings & Inks Industries.
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The global Fumed Silica market is segmented based on end-use, sales channel, and region. Based on end-uses, the Fumed Silica market is segregated into Personal Care & Cosmetics, Food & Beverages, Paints, Coatings & Inks, Adhesives & Sealants, Synthetic Rubber, and Others. The Adhesives & Sealants Industry was leading the Fumed Silica market and accounted for a market share of about 25% of the Fumed Silica market in 2021. In this industry, Fumed Silica is used to increase viscosity, alter extrusion, and improve anti-settling properties. Moreover, Paints, Coatings & Inks industry is also one of the major consumers of Fumed Silica.
Based on region, North America dominates the global Fumed Silica market, consuming a demand of nearly 30% of the global Fumed Silica in 2021 amongst all other regions. The rapid urbanization resulting in greater demand of finished goods and vehicles are propelling the global Fumed Silica market in North America.
“Global Fumed Silica Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2035”, the significant players active in the Fumed Silica market are Evonik Industries AG, Zhejiang Sucon Silicone Co., Ltd., Cabot Corporation, OCI Company Ltd, Nippon Aerosil Co Ltd, Henan Xunyu Chemical, Tokuyama Corporation, Tata Chemicals Limited, Wacker Chemie AG, Chifeng Shengsen Silicon Technological Development Co., Ltd, Hubei Xingfa, and Chemplast Sanmar Limited.
“The expansion of the global Fumed Silica market for primarily producing adhesives, sealants, paints, and coating is most likely to drive the Global Fumed Silica market in the forecast period until 2035. The demand for finished goods and vehicles is on upswing due to rapid industrialization across the globe, which is anticipated to drive up the demand of Fumed Silica in the forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
Read Full Report Here: https://www.chemanalyst.com/industry-report/fumed-silica-market-712
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