Fumed Silica Market Size, Share, Growth Analysis, By Product (Hydrophilic and Hydrophobic), By Application (Pharmaceutical, Beauty & Personal Care, Silicone Elastomers, Paints, Coatings & Sealants, Food & Beverages, and Others), and By Region - Industry Forecast 2024-2031


Report ID: SQMIG15B2119 | Region: Global | Published Date: November, 2024
Pages: 176 |Tables: 0 |Figures: 0

Fumed Silica Market Insights

Global Fumed Silica Market size was valued at USD 1.44 Billion in 2022 and is poised to grow from USD 1.52 Billion in 2023 to USD 2.16 Billion by 2031, growing at a CAGR of 5.20% in the forecast period (2024-2031).

The fumed silica market is expected to witness a substantial growth in the near future due to an increasing range of its application in diverse sectors. Fumed silica is titanium dioxide in the form of small, complete droplets. Fumed silica is an engineering bridge between its rheological and reinforcement properties, which has been fracturing the global market growth. Two types of fumed silica are available: Hydrophobic and hydrophilic. Supported by its versatility, the product is a key functional material for uses like adhesives, personal care, pharmaceutical, food among others.

High demand for the automobile and personal care products backed by growing numbers of potential adopters & increased consumer expenditure act as major drivers to the growth of the market. Rise in working women population is boosting demand for cosmetic and skin care products. These characteristics of its distinctive particle and high purity, high surface area combine to deliver higher functionality performance benefits in end-use applications such as adhesives, paints, and sealants. It is also commonly utilized as an anticaking and thickening agent in the rapidly growing food & beverage industry. Overwhelming deployment of unsaturated polymer resin for manufacturing filled plastic & fiber reinforced plastic products which includes pipes, tanks, sanitary ware, gratings etc. In addition, rising demand for high performance parts for transportation & marine industry is paving new roads for fumed silica market.

Market Snapshot - (2024-2031)

Global Market Size

Largest Segment

Fastest Growth

Growth Rate

CAGR

Global Fumed Silica Market ($ Bn)
Country Share for North America Region (%)

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Fumed Silica Market Segmental Analysis

The global fumed silica market is segmented into product, application, and region. Based on product, the market is segmented into hydrophilic and hydrophobic. Based on application, the market is segmented into pharmaceuticals, beauty & personal care, silicone elastomers, paints, coatings & sealants, food & beverages, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Analysis by Product

Based on product type, the market is segmented into hydrophilic fumed silica and hydrophobic fumed silica. The hydrophilic fumed silica will dominate with the largest fumed silica market share in 2023. Hydrophilic fumed silica is prepared by hydrolysis of volatile chlorosilanes in the oxyhydrogen flame and can be completely immersed and dispersed in water. This silica has outstanding insulating properties at elevated temperatures. Hydrophilic fumed silica is also acceptable to use in non-polar resin systems. Some key applications are thickening and reinforcing silicone in non-polar solvents such as xylene, mineral spirits and styrene, a glidant for food and industrial powders.

The Hydrophobic fumed silica segment is anticipated to exhibit significant growth during the fumed silica market forecast period. Due to increasing demand for diverse coating functionalities such as anti-fouling, self-cleaning, anti-icing/wetting, anti-microbial and anti-corrosion etc. This is primarily because it stops sag and run-off of paints applied to vertical surfaces. This product also reduces the risk of corrosion and rust in paint & coatings. Increase in requirement for enhancements of flow properties will also provide a positive outlook towards capacity expansions of hydrophobic fumed silica across ink applications. These factors are increasing the demand for the hydrophobic segment in the market.

Analysis by Application

According to fumed silica market analysis, the pharmaceutical sector is dominating the market. In the pharmaceutical industry, a major challenge lies in ensuring the production of tablets and capsules, but fumed silica improves properties resulting in substantially easier processing. Used in tablet production, fumed silica serves as anticaking agents, adsorbents, disintegrants and glidants that enable the powder to flow freely during the tablet formation process. Fumed Silica demand is expected to grow at an all-time high owing to the medical industry in Europe. Substantial investments are being poured into the European pharmaceutical sector and technology is providing further entrenchment in the market. The pharmaceutical industry has not only picked up the pace owing to COVID-19 but also reported incredibly solid revenue.

Over the fumed silica market forecast period, the demand for fumed silica is anticipated to increase owing to its use in paints, coatings & sealants application. Global painting and coating industry generates an estimated USD 150 billion in revenues annually according to World Painting and Coating Association, which is anticipated to boost the demand for fumed silica as it enhances the characteristics of paints & coatings based on consumer preference. Fumed silica in the sealants has thixotropic characteristics associated with sagging specific properties for a successful practical implementation. It additionally gives sealants mechanical and fortifying properties. Fumed Silica has thus established dominance in the sealant industry since no other source can provide such properties.

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Fumed Silica Market Regional Insights

The fumed silica market is majorly dominated by Asia-Pacific and is expected to grow at a significant rate during the fumed silica market forecast period. Global fumed silica market Asia-Pacific accounts for significantly large share of the overall global fumed silica market owing to its increasing application in various industrial verticals including paints and coatings, adhesives and sealants, etc. This region has huge demand and market growth opportunity for the market. Furthermore, the major key players are focusing on this region to capture the market by collaborating with the local companies to increase their presence. These factors are increasing the growth of the market in this region.

Europe is witnessing the fastest growth in the fumed silica market. Broad application of fumed silica in various applications in the region, such as sealants, adhesives, composites, coatings among others is boosting revenues growth. Moreover, favorable growth of the manufacturing sector in the European region increased the adoption of fumed silica consumption. Europe is expected to bring in stricter regulations, forcing the switch to green processes and materials. Fumed silica is a heavily non-polluting inert material, hence the demand in the region is expected to rise further. This is because it is gradually gaining more preference to be used in many sustainable applications.

Global Fumed Silica Market By Geography
  • Largest
  • Fastest

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Fumed Silica Market Dynamics

Drivers

Growing Demand for Cosmetic and Personal Care Products

  • Fumed silica is expected to witness a higher growth rate owing to huge demand from beauty & personal care applications. Fumed silica is a perfect ingredient that not only finds applications as filler in a number of cosmetic products from hair to body, skin care, fragrances and even oral care. Many top-tier cosmetic companies want fumed silica for rheology control and analytical use.

Rising Application in Automotive Industry

  • Automotive industry world-wide is the largest source for increasing pollution and carbon dioxide emissions. Increased consumer awareness and government schemes encourage worldwide adoption of electric vehicles. Automakers are constantly on the hunt for additives, paints and coatings to lighten the overall weight of their vehicle. The global demand for fumed silica for automotive coating is also driven by a significant increase in demand for automobiles, especially for battery-operated vehicles.

Restraints

High Cost of Production and Strict Regulations

  • The high cost of fumed silica makes it less competitive as fillers or additives in economically sensitive applications. Many stringent regulatory requirements and environmental concerns on the handling and disposal of fumed silica restrict the growth of this market as it is treated or regulated as a hazardous substance due to various health risks associated with fumed silica.

Growing Problems Related to Raw Materials and Logistics

  • Supply issues and energy prices for raw materials like silicon tetrachloride can increase uncertainty on production costs, compressing profit margins quickly as a function of underlying supply eco-systems. This could hinder the growth of the market as other cost-effective or eco-friendly alternatives are introduced and industries start searching for substitutes with similar properties. Fumed silica is a niche product, and it needs careful handling which leads to logistical difficulty.

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Fumed Silica Market Competitive Landscape

The fumed silica industry is a highly consolidated market with few key global players which includes Evonik Industries, Cabot Corporation, Wacker Chemie AG and Tokuyama Corporation. The key players emphasize research and development on product innovation and quality. Mergers acquisition and collaboration, which is a strategic initiative to increase market component and enhance distribution network are frequently adopted. Leading vendors for fumed silica primarily concentrate on R&D activities to improve the functional and application breadth of their products. Furthermore, strategic mergers & acquisitions in addition to geographic expansion are some of the popular trends adopted by key players across the globe to expand their market share as well as cater to diverse customer needs.

Top Player’s Company Profile 

  • Evonik Industries AG
  • Wacker Chemie AG
  • Cabot Corporation
  • Tokuyama Corporation
  • OCI Co Ltd.
  • Air Liquide
  • Shandong Xinlong Group
  • GCL Poly Energy Holding Limited
  • Mitsubishi Materials Corporation
  • TBEA Co. Ltd.
  • Yancheng Fujemax Power Machinery Co., Ltd.
  • Reade International Corp.
  • DowDuPont Inc.

Recent Developments

  • In January 2024, HPQ Silicon Inc. announced that an internal study confirmed positive results for its Fumed Silica Reactor (FSR) technology project. A pilot plant for the FSR is in development by PyroGenesis, with commissioning planned for Q3 2024. The plant will produce 50 tons of output per year.
  • In January 2023, Asian Paints approved an expenditure of USD 0.24 billion for setting up a waterborne paint manufacturing unit at Madhya Pradesh, India having annual capacity of 400,000 kilobits.
  • In March 2024, PyroGenesis announced it will expedite development of its fumed silica reactor project.

Fumed Silica Key Market Trends

  • Growing R&D Spending: With investments in R&D, organizations can enhance fumed silica properties and functionality making it more adaptable to a wider variety of end-users thus enhancing the product usability and marketability. With innovation being the key differentiator amongst market participants, industry stakeholders can stay ahead of the competition and meet evolving customer demands to capitalize on untapped growth opportunities in the fumed silica market.
  • Increasing Application of Fumed Silica in Electronic Sector: Production of electronic devices and components is rising significantly to cater to consumer demand and rapid technological advances; these trends will drive demand for fumed silica in the electronics sector. The insulating and anti-caking properties of fumed silica plays an important role in the electronics sector which is further fueling market growth.

Fumed Silica Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, strong demand for fumed silica from paints & coatings industry is driving the global fumed silica industry. Fumed silica is an indispensable additive for improving the viscosity and life of paints. Rising construction activities across developing countries contribute to an increase in paint consumption. However, heavy reliance on China for supply of raw material is a key restrain. In addition, increasing shift towards eco-friendly products in personal care industry offers opportunity to natural alternative for fumed silica. This could create more new growth opportunities during the forecast period through an ongoing development of veterinary grades of fumed silica with enhanced properties.

Report Metric Details
Market size value in 2022 USD 1.44 Billion
Market size value in 2031 USD 2.16 Billion
Growth Rate 5.20%
Base year 2023
Forecast period (2024-2031)
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Hydrophilic and Hydrophobic
  • Application
    • Pharmaceutical, Beauty & Personal Care, Silicone Elastomers, Paints, Coatings & Sealants, Food & Beverages, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Evonik Industries AG
  • Wacker Chemie AG
  • Cabot Corporation
  • Tokuyama Corporation
  • OCI Co Ltd.
  • Air Liquide
  • Shandong Xinlong Group
  • GCL Poly Energy Holding Limited
  • Mitsubishi Materials Corporation
  • TBEA Co. Ltd.
  • Yancheng Fujemax Power Machinery Co., Ltd.
  • Reade International Corp.
  • DowDuPont Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Fumed Silica Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Fumed Silica Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Fumed Silica Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fumed Silica Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fumed Silica Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Fumed Silica Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Fumed Silica Market size was valued at USD 1.44 Billion in 2022 and is poised to grow from USD 1.52 Billion in 2023 to USD 2.16 Billion by 2031, growing at a CAGR of 5.20% in the forecast period (2024-2031).

The fumed silica industry is a highly consolidated market with few key global players which includes Evonik Industries, Cabot Corporation, Wacker Chemie AG and Tokuyama Corporation. The key players emphasize research and development on product innovation and quality. Mergers acquisition and collaboration, which is a strategic initiative to increase market component and enhance distribution network are frequently adopted. Leading vendors for fumed silica primarily concentrate on R&D activities to improve the functional and application breadth of their products. Furthermore, strategic mergers & acquisitions in addition to geographic expansion are some of the popular trends adopted by key players across the globe to expand their market share as well as cater to diverse customer needs. 'Evonik Industries AG ', 'Wacker Chemie AG ', 'Cabot Corporation ', 'Tokuyama Corporation ', 'OCI Co Ltd. ', 'Air Liquide ', 'Shandong Xinlong Group ', 'GCL Poly Energy Holding Limited ', 'Mitsubishi Materials Corporation ', 'TBEA Co. Ltd. ', 'Yancheng Fujemax Power Machinery Co., Ltd. ', 'Reade International Corp. ', 'DowDuPont Inc. '

Fumed silica is expected to witness a higher growth rate owing to huge demand from beauty & personal care applications. Fumed silica is a perfect ingredient that not only finds applications as filler in a number of cosmetic products from hair to body, skin care, fragrances and even oral care. Many top-tier cosmetic companies want fumed silica for rheology control and analytical use.

Growing R&D Spending: With investments in R&D, organizations can enhance fumed silica properties and functionality making it more adaptable to a wider variety of end-users thus enhancing the product usability and marketability. With innovation being the key differentiator amongst market participants, industry stakeholders can stay ahead of the competition and meet evolving customer demands to capitalize on untapped growth opportunities in the fumed silica market.

The fumed silica market is majorly dominated by Asia-Pacific and is expected to grow at a significant rate during the fumed silica market forecast period. Global fumed silica market Asia-Pacific accounts for significantly large share of the overall global fumed silica market owing to its increasing application in various industrial verticals including paints and coatings, adhesives and sealants, etc. This region has huge demand and market growth opportunity for the market. Furthermore, the major key players are focusing on this region to capture the market by collaborating with the local companies to increase their presence. These factors are increasing the growth of the market in this region.

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Fumed Silica Market

Report ID: SQMIG15B2119

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