The global fumed silica market is estimated to be valued at USD 1.16 Bn in 2024, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. The global fumed silica market has been witnessing significant growth in recent years. Fumed silica, also known as pyrogenic silica, is an ultra-fine amorphous form of silica produced by the hydrolysis of silicon halides in a flame reactor. It has a wide range of applications across industries such as paints & coatings, food & beverages, personal care, and pharmaceuticals among others. Properties like thickening, thixotropy, suspending, and dispersing have increased its demand in the manufacturing of various products. Additionally, rising health consciousness has boosted the consumption of fumed silica in the dietary & food supplement industry. However, volatility in raw material prices remains a key challenge.
Market Dynamics:
The global fumed silica market is driven by rising product demand from the paints & coatings industry. Fumed silica acts as an important additive for enhancing the viscosity and shelf-life of paints. Growing construction activities across developing nations are positively impacting paint consumption. However, high dependence on China for raw material supply is a major restrain. Moreover, growing preference for eco-friendly products in personal care industry presents an opportunity for natural alternative to fumed silica. The development of specialty grades of fumed silica with enhanced properties can further provide new growth avenues during the forecast period.
Key Features of the Study:
- This report provides an in-depth analysis of the global fumed silica market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global fumed silica market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Applied Material Solutions Inc., Cabot Corporation, Chifeng Shengsen Silicon Technology Development Co. Ltd, China-Henan Huamei Chemical Co. Ltd, Dalian, Fuchang Chemical Co. Ltd, Dongyue Group Co. Ltd, Evonik Industries, Gelest Inc., Heraeus Holding, Kemitura AS, OCI Company Ltd, Tokuyama Corporation, Wacker Chemie AG, Henan Xunyu Chemical Co., Ltd., Cabot Sanmar, and Astraa Chemicals.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global fumed silica market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fumed silica market.
Detailed Segmentation-
- By Product Type:
- Hydrophilic Fumed Silica
- Hydrophobic Fumed Silica
- By Application:
- Silicone Rubber
- Plastics and Composites (Unsaturated Polyester Resin),
- Food and Beverages
- Paints and Coatings (Including Inks),
- Adhesives and Sealants
- Pharmaceutical
- Personal Care
- Chemicals and Fertilizers
- Other Applications (Gel batteries, lubricants, concrete, defoamers, etc.)
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Applied Material Solutions Inc.
- Cabot Corporation
- Chifeng Shengsen Silicon Technology Development Co. Ltd
- China-Henan Huamei Chemical Co. Ltd
- Dalian
- Fuchang Chemical Co. Ltd
- Dongyue Group Co. Ltd
- Evonik Industries
- Gelest Inc.
- Heraeus Holding
- Kemitura AS
- OCI Company Ltd
- Tokuyama Corporation
- Wacker Chemie AG
- Henan Xunyu Chemical Co., Ltd.
- Cabot Sanmar
- Astraa Chemicals