Global Fumed Silica Market - Forecasts from 2018 to 2023

Global fumed silica market is projected to witness a compound annual growth rate of 5.50% during the forecast period, reaching a total market size of US$989.32 million in 2023 from US$717.5 million in 2017. Rising applications of fumed silica across various end-use industries is driving the growth of fumed silica market. Increasing production of ferrosilicon over the past few years is also contributing to the market growth. Hydrophobic fumed silica segment is expected to grow at the fastest rate on account of increasing consumption of paints and coatings due to its water-repellent feature. This growth is also attributed to a surge in manufacturing of water repellent paints and coatings and construction of non-corrosive structures. Geographically, Asia Pacific is expected to be the largest market for fumed silica during the forecast period owing to high demand for fumed silica across developing countries such as China and India. Growing popularity of eco-friendly paints and coatings restrains the growth of fumed silica market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Global Fumed Silica value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry players profiled as part of the report are Evonik Industries AG, Wacker Chemie AG, Cabot Corporation, Tokoyuma Corporation, Orisil, Zhejiang FuShiTe Group Co., Ltd, Dongyue Group Ltd, and Boehle Chemical, Inc.

Segmentation:

By Type:

• Hydrophobic Fumed Silica


• Hydrophilic Fumed Silica

By Application:

• Adhesives and Sealants


• Elastomers (Silicone Rubber)


• Powder


• Deformers


• Others


• By End Use Industry


• Construction


• Automotive


• Cosmetics


• Paints and Coatings


• Pharmaceuticals


• Consumer Electronics


• Others

By Geography:

• North America


• U.S.

• Canada


• Mexico


• Others

South America

• Brazil


• Argentina


• Others


• Europe


• UK


• Germany


• France


• Others


• Middle East and Africa


• Saudi Arabia


• UAE


• Israel


• Others


• Asia-Pacific


• Japan


• China


• India


• Australia


• Others