- Summary
- Table Of Content
- Methodology
Fumed Silica Market Size :
Consegic Business Intelligence analyzes that the fumed silica market is growing with a CAGR of 4.3% during the forecast period (2023-2031), and the market is projected to be valued at USD 2,135.88 Million by 2031 and USD 1,524.58 Million in 2023 from USD 1,470.67 Million in 2022.
Fumed Silica Market Scope & Overview:
Fumed silica, also known as pyrogenic silica, is a non-crystalline, colloidal silicon dioxide synthesized by a flame hydrolysis procedure. It is a synthetic amorphous silica produced by the vapor-phase hydrolysis of silicon tetrachloride. This material is a white, odorless, and tasteless powder with a very high specific surface area. This high surface area makes it an effective thickener, matting agent, anti-settling agent, and water repellent. Additionally, it is a non-toxic and non-hazardous material that is also recyclable.
Moreover, there are two broad categories, non-treated and treated, the former being hydrophilic and the latter being hydrophobic. Hydrophobic form is further divided into two sub-categories, fully processed, and incompletely processed. It is a safe and effective material that has been used in a wide range of end-use industries such as paints and coatings, rubber, pharmaceuticals, construction, and others.
Fumed Silica Market Insights :
Fumed Silica Market Dynamics - (DRO) :
Key Drivers :
Increasing adoption of processed foods and beverages is accelerating the fumed silica market.
Fumed silicas, especially hydrophilic ones are widely employed in the food and beverage industries as a food additive for applications such as thickening agents, anti-settling agents, carriers, flavor masking, and oil substitution agents. It can be used to reduce the fat content in food due to its ability to form a network by dispersing fumed silica particles. These particles are very small and have a high surface area, that allows them to interact with the fat molecules, making it an attractive replacement for other stabilizers and viscosity control agents.
Further, lipids or fats are a major contributor to obesity and heart diseases. According to the data published by the Centers for Disease Control and Prevention (CDC), obesity currently affects four out of ten Americans. For instance, based on data collected by Trust for America's Health (TFAH), between 2017 and 2020, the obesity rate of adults in the U.S. was 41.9%. This will result in a growing demand for food products that are lower in fat and calories. Hence, it has been incorporated into several composite materials for use in food products to lower the fat content.
Therefore, the market trends analysis shows that the aforementioned factors are contributing to the growing use in the foods and beverages industries, in turn proliferating the fumed silica market growth.
Rapid growth in the automotive sector has augmented the demand.
Fumed silica is used in a variety of automotive applications, including automotive sealants, paints and coatings, and tire manufacturing, among others. In tire manufacturing processes, it can significantly improve the physical and mechanical properties of the rubber compound, decrease rolling resistance, and improve safety performance in rainy weather. Further, as the powder is white, it easily enables mixing with other colors, making it ideal for use in automotive paints and coatings. In addition, the automotive sector is moving towards the use of more advanced materials, such as composites and ceramics. It is used in these materials to improve their properties, such as strength, durability, and fire resistance.
Overall, the rapidly expanding automotive sector is a major driver. For instance, according to the statistics published by the European Automobile Manufacturers' Association, in 2022, 85.4 million motor vehicles were produced around the world, an increase of 5.7% compared to 2021. Thus, analysis of market trends shows that the rapidly growing automotive sector is boosting the fumed silica market growth.
Key Restraints :
The availability of substitutes is likely to restrict the market.
Precipitated silica and synthetic amorphous silica are the two most common substitutes for fumed silica. Precipitated silica is less expensive and is often used in applications where cost is a major factor. Synthetic amorphous silica is often used in applications where high purity is required. However, the extent of this restriction will depend on several factors, including the cost, performance, and availability of these substitutes. Overall, the market trends analysis depicts that the availability of substitutes is likely to restrict the fumed silica market demand.
Future Opportunities :
Surging demand from the pharmaceutical sector is expected to foster the market.
Fumed silica is used as a flow aid, anti-caking agent, and tableting aid in the pharmaceutical sector. It is widely employed in the manufacturing of tablets, capsules, and other pharmaceutical products. In addition, it also improves the flow properties of granulation in high-speed tablet and capsule machines.
The pharmaceutical sector is constantly developing new and improved drugs and therapies to reduce costs and improve efficiency. It can help to improve the efficiency of manufacturing processes, such as tableting and encapsulation. Moreover, oral dosage forms, such as tablets and capsules, are the most popular way to deliver drugs to patients. It is an important ingredient in many oral dosage forms, as it helps to improve the flowability, stability, and uniformity of the powders. Hence, the growing popularity of oral dosage forms of medicines is a prominent factor that will aid in to surge of the fumed silica market opportunities over the forecast period.
Fumed Silica Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2031 |
| Market Size in 2031 | USD 2,135.88 Million |
| CAGR (2023-2031) | 4.3% |
| By Type | Hydrophobic and Hydrophilic |
| By Application | Cosmetics, Printing Inks, Silicone Rubber, Paints and Coatings, Food Additives, Adhesives and Sealants, Pharmaceuticals, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | Cabot Corporation, Evonik Industries AG, PCC GROUP, Merck KGaA, Tokuyama Corporation, Astrra Chemicals, Oัiััะป, Zhejiang FuShiTe Group Co., Ltd, OCI COMPANY Ltd, Kemitura Group A/S, China-Henan Huamei Chemical Co., Ltd., and Hubei Huifu Nanomaterial Co., Ltd. |
| Geographies Covered | |
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Opportunities, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, Cost Analysis, and Regional Trends & Forecast |
Fumed Silica Market Segmental Analysis :
By Type :
Based on type, fumed silica is categorized into hydrophobic and hydrophilic. In 2022, the hydrophilic segment accounted for the highest market share in the fumed silica market. This is attributed to their strong ability to process and adjust to the best rheology. For instance, the hydrophilic form is used in electronics as a filler in electronic components, such as capacitors and transistors. Additionally, the material is used to improve the fire retardancy, water resistance, and electrical properties of electronic components. According to the report published by the Indian Ministry of Electronics & Information Technology, the electronics manufacturing industry in India is expected to grow from USD 75 Million in 2020-21 to USD 300 Million by 2025-26. Hence, the growth in the trend for electronics is due to the rising popularity of smartphones, tablets, laptops, and other electronic devices. Also, the growing need for hydrophilic form is expected to continue in the forecast due to the increasing use of the material in a variety of applications in personal care products, and pharmaceuticals, among others. Thus, the segmental trends analysis shows that the aforementioned reasons are boosting the fumed silica market trends.
By Application :
Based on application, the market is categorized into cosmetics, printing inks, silicone rubber, paints, and coatings, food additives, adhesives and sealants, pharmaceuticals, and others. In 2022, the adhesives and sealants segment accounted for the highest market revenue of 23.20% in the fumed silica market share. It is widely used in adhesives and sealants to improve their rheological properties, strength, water resistance, and opacity. Adhesives and sealants are important elements of most building systems and structures. In addition to this, adhesives are used in wind turbines, chemical anchor systems, automotive, and construction, among others. Moreover, factors such as the increasing use of prefabricated building materials and growth in the need for stronger, more durable, and energy-efficient structures are contributing to fumed silica market demand.
However, the paint and coatings segment is expected to grow at the fastest CAGR over the forecast period. In paint and coatings, it is used to improve a variety of properties, including thickness, matting, water resistance, corrosion protection, and others. Furthermore, the addition of it helps to prevent run-off and sag of paints applied on vertical surfaces, thus ensuring top-quality leveling. Thus, the analysis of segmental trends shows that factors such as rising construction activities, increasing need for waterborne coatings, increasing focus on sustainability, and others have surged the requirements for paints and coatings, in turn driving the fumed silica market trends.
By Region :
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2022, Asia Pacific accounted for the highest market share of 36.10% of the total fumed silica market share and was valued at USD 530.91 million in 2022 and USD 550.83 million in 2023, and is expected to reach USD 774.47 million in 2031. As per the fumed silica market analysis, in the Asia Pacific region, China accounted for the highest market share of 23.10% during the base year 2022 owing to the increasing construction activity and the growth in demand for coatings in the automotive industry. It is used in paints and coatings to improve their properties, such as rheological properties, thermal stability, and water resistance. In addition to this, the growth in the region is driven by the prevalence of the largest market for electronic devices. For instance, according to the factbook published by the Semiconductor Industry Association, China is the largest single-country market for semiconductors in the world. Thus, as per the regional trends analysis, the aforementioned reasons are expected to boost the fumed silica market expansion.
The fumed silica market analysis shows that Europe is expected to grow at the fastest CAGR of 5.1% during the forecast period. The demand is growing in Europe due to several factors, including the growth of the electronics, automotive, and construction industries. Thus, in turn, driving the fumed silica market expansion.
Top Key Players & Market Share Insights:
The fumed silica market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the fumed silica industry include-
- Cabot Corporation
- Evonik Industries AG
- OCI COMPANY Ltd
- Kemitura Group A/S
- China-Henan Huamei Chemical Co.,Ltd.
- Hubei Huifu Nanomaterial Co., Ltd.
- PCC GROUP
- Merck KGaA
- Tokuyama Corporation
- Astrra Chemicals
- Oัiััะป
- Zhejiang FuShiTe Group Co., Ltd
Recent Industry Developments :
- In October 2021, the joint venture between Evonik and Wynca, namely Evonik Wynca (Zhenjiang) Silicon Material Co., Ltd. started the operations of its new fumed silica plant in China.
- In May 2022, Tokuyama Corporation announced the expansion of their hydrophobic grade fumed silica production line at Tokuyama Chemicals (Zhejiang) Co., Ltd., a wholly-owned subsidiary.
Key Questions Answered in the Report
What was the market size of the fumed silica market in 2022? +
In 2022, the market size of fumed silica was USD 1,470.67 million
What will be the potential market valuation for the fumed silica market by 2031? +
In 2031, the market size of fumed silica is expected to reach USD 2,135.88 million.
What are the key factors driving the growth of the fumed silica market? +
The growing use of fumed silica in silicones, adhesives, and coatings applications is driving the market growth.
What is the dominating segment in the fumed silica market by application? +
In 2022, the adhesives and sealants segment accounted for the highest market share in the overall fumed silica market.
Based on current market trends and future predictions, which geographical region will have the fastest impact on the fumed silica market's growth in the coming years? +
Europe is expected to be the fastest-growing region in the market during the forecast period.
