March, 2023
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The global fumed silica market is gaining significant business growth driven by adoption across end-user segments including Construction, Electrical and Electronics, Automotive, Personal Care, Food and Beverages, Pharmaceuticals, and others. Both types of fumed silica including hydrophilic and hydrophobic are gaining business growth in the industry. Key applications of fumed silica such as Coatings, paints, and inks, Silicone Elastomers, Adhesives and Sealants, Unsaturated Polyester Resin (UPR), Pharmaceuticals, Personal Care, and Others are analyzed in the report. Further, business profiles of 10 leading fumed silica companies are also included. In addition, fumed silica market size outlook across 25 countries is included in the research study.
Introduction to Fumed Silica Markets
Fumed silica (pyrogenic silica) is a function reinforcement agent and improves anti-sagging and abrasive properties. With robust demand growth for smartphones, cosmetics, semiconductors, chemicals, and other end-user verticals, the demand for fumed silica is set to grow steadily.
Global Fumed Silica Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
The global fumed silica market is estimated at $1.43 billion in 2022. The market is forecast to grow at a compounded annual growth rate (CAGR) of 5.44% between 2023 and 2030. By end of the forecast period in 2030, the global fumed silica market revenue is likely to be $2.18 billion.
Fumed Silica Market Trend- Steady growth signs in fumed silica industry are identified during 2023
A positive outlook for the global fumed silica industry presents strong support for investment opportunities. For instance, Evonik industries continue to develop its planned fumed silica plant in Zhenjiang New Material Industry Park (Jiangsu Province, China). The 8,000 metric tons plant will be developed by Evonik Wynca (Zhenjiang) Silicon Material Co., Ltd, a joint venture between Evonik and Wynca Group.
Though the negative impact of COVID-19 led to a decline in revenue generated by companies, the market outlook over the long term remains strong. Early recovery signs are being observed in the industry. For instance, Tokuyama reported increased revenues during 2022, driven by an increase in Fumed silica revenues and sales.
Hydrophilic fumed silica registered more sales than hydrophobic fumed silica worldwide
Hydrophilic (untreated) fumed silica provides superior performance benefits compared to hydrophobic products. Advantages such as anti-thickening, anti-scratch, abrasion and corrosion resistance, anti-caking, and absorbency factors support the market demand for hydrophilic fumed silica. It offers purity, and insulation properties at low costs, which supports significant market growth.
It finds a wide range of applications across adhesives and sealants applications, agriculture, coatings, composites, pharmaceuticals, silicone sealants, personal care products, and other industries. As fumed silica improves manufacturing, quality, and performance, most end-users including the paints, and coatings industry are opting for fumed silica. In addition, the pharmaceutical industry uses fumed silica as an excipient.
Market Drivers- Silicone elastomers dominate the global fumed silica market
Fumed silica is a versatile product and finds applications across wide end-user industries. Among key applications, silicone elastomers stood as the dominant user of fumed silica.
Fumed silica or pyrogenic silica improves mechanical strength in high-performance polymeric materials. Higher loadings of the product impart better tensile properties and hardness in silicone elastomers. Further, Coatings, paints, inks, Adhesives and Sealants, Unsaturated Polyester Resin (UPR), Pharmaceuticals, Personal Care, and others also widely use fumed silica.
Recent Fumed Silica Market News and Developments
For most companies, earnings from fumed silica increased owing to higher prices in 2022 but an upswing in raw material costs was observed
Evonik, Wynca JV inaugurated fumed silica plant at the Zhenjiang New Material Industry Park in Jiangsu province in China in 2021
Canada-based company- Pyrogenesis Canada Inc. obtained $0.7 million in funding from the Canadian government to develop a new plasma process for the production of fumed silica.
HPQ Silicon and PyroGenesis form a joint venture to develop a new process for reducing the energy used to make fumed silica by 86%.
Fumed Silica Market Segmentation
Type
Application
End-User Industry
Companies
1. Executive Summary
1.1 Introduction to Fumed Silica Markets
1.2 Fumed Silica Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Fumed Silica Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Fumed Silica Market Trends
3.1.1 Widening applications of fumed silica
3.1.2 Capacity expansion plans in China and other Emerging countries
3.1.3 Technological advancements in the personal care segment
3.2 Key Fumed Silica Market Growth Drivers
3.2.1 Strong adoption across Coatings and Sealants applications
3.2.2 Growing investments in infrastructure
3.3 Key Fumed Silica Market Growth Restraints
3.3.1 Health-related issues associated with the use of fumed silica
3.3.2 Fluctuations in raw material prices affect profitability
4 Fumed Silica Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Fumed Silica Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Fumed Silica Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Fumed Silica Market Size Outlook to 2030
5. Fumed Silica Market Segmentation- Outlook by Type
5.1 Fumed Silica Market Share Analysis by Type, 2023
5.2 Hydrophilic Fumed Silica Market Outlook to 2030
5.3 Hydrophobic Fumed Silica Market Outlook to 2030
6. Fumed Silica Market Segmentation- Outlook by Application
6.1 Fumed Silica Market Share Analysis by Application, 2023
6.2 Paints, Coatings, and Inks: Fumed Silica Market Outlook to 2030
6.3 Silicone Elastomers: Fumed Silica Market Outlook to 2030
6.4 Adhesives and Sealants: Fumed Silica Market Outlook to 2030
6.5 Unsaturated Polyester Resin (UPR): Fumed Silica Market Outlook to 2030
6.6 Pharmaceuticals: Fumed Silica Market Outlook to 2030
6.7 Personal Care: Fumed Silica Market Outlook to 2030
6.8 Others
7. Fumed Silica Market Segmentation- Outlook by End-User Industry
7.1 Fumed Silica Market Share Analysis by End-User Industry, 2023
7.2 Building and Construction: Fumed Silica Market Outlook to 2030
7.3 Electrical and Electronics: Fumed Silica Market Outlook to 2030
7.4 Automotive and Transportation: Fumed Silica Market Outlook to 2030
7.5 Beauty and Personal Care: Fumed Silica Market Outlook to 2030
7.6 Food and Beverages: Fumed Silica Market Outlook to 2030
7.7 Pharmaceuticals: Fumed Silica Market Outlook to 2030
7.8 Others
8. North America Fumed Silica Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 North America Fumed Silica Market Growth Opportunities
8.2.1 North America Fumed Silica Market Outlook by Type, 2021 to 2030
8.2.2 North America Fumed Silica Market Outlook by Application, 2021 to 2030
8.2.3 North America Fumed Silica Market Outlook by Country, 2021 to 2030
8.3 United States Fumed Silica Market Outlook, 2021 to 2030
8.4 Canada Fumed Silica Market Outlook, 2021 to 2030
8.5 Mexico Fumed Silica Market Outlook, 2021 to 2030
9. Europe Fumed Silica Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Europe Fumed Silica Market Growth Opportunities
9.2.1 Europe Fumed Silica Market Outlook by Type, 2021 to 2030
9.2.2 Europe Fumed Silica Market Outlook by Application, 2021 to 2030
9.2.3 Europe Fumed Silica Market Outlook by Country, 2021 to 2030
9.3 Germany Fumed Silica Market Outlook, 2021 to 2030
9.4 France Fumed Silica Market Outlook, 2021 to 2030
9.5 United Kingdom Fumed Silica Market Outlook, 2021 to 2030
9.6 Spain Fumed Silica Market Outlook, 2021 to 2030
9.7 Italy Fumed Silica Market Outlook, 2021 to 2030
9.8 Other Europe Fumed Silica Market Outlook, 2021 to 2030
10. Asia Pacific Fumed Silica Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Asia Pacific Fumed Silica Market Growth Opportunities
10.2.1 Asia Pacific Fumed Silica Market Outlook by Type, 2021 to 2030
10.2.2 Asia Pacific Fumed Silica Market Outlook by Application, 2021 to 2030
10.2.3 Asia Pacific Fumed Silica Market Outlook by Country, 2021 to 2030
10.3 China Fumed Silica Market Outlook, 2021 to 2030
10.4 Japan Fumed Silica Market Outlook, 2021 to 2030
10.5 India Fumed Silica Market Outlook, 2021 to 2030
10.6 South Korea Fumed Silica Market Outlook, 2021 to 2030
10.7 Indonesia Fumed Silica Market Outlook, 2021 to 2030
10.8 Other Asia Pacific Fumed Silica Market Outlook, 2021 to 2030
11. South and Central America Fumed Silica Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 South and Central America Fumed Silica Market Growth Opportunities
11.2.1 South and Central America Fumed Silica Market Outlook by Type, 2021 to 2030
11.2.2 South and Central America Fumed Silica Market Outlook by Application, 2021 to 2030
11.2.3 South and Central America Fumed Silica Market Outlook by Country, 2021 to 2030
11.3 Brazil Fumed Silica Market Outlook, 2021 to 2030
11.4 Argentina Fumed Silica Market Outlook, 2021 to 2030
11.5 Other Latin America Fumed Silica Market Outlook, 2021 to 2030
12. Middle East and Africa Fumed Silica Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 Middle East and Africa Fumed Silica Market Growth Opportunities
12.2.1 Middle East and Africa Fumed Silica Market Outlook by Type, 2021 to 2030
12.2.2 Middle East and Africa Fumed Silica Market Outlook by Application, 2021 to 2030
12.2.3 Middle East and Africa Fumed Silica Market Outlook by Country, 2021 to 2030
12.3 Saudi Arabia Fumed Silica Market Outlook, 2021 to 2030
12.4 United Arab Emirates (the UAE) Fumed Silica Market Outlook, 2021 to 2030
12.5 Other Middle East Fumed Silica Market Outlook, 2021 to 2030
12.6 Egypt Fumed Silica Market Outlook, 2021 to 2030
12.7 South Africa Fumed Silica Market Outlook, 2021 to 2030
12.8 Other Africa Fumed Silica Market Outlook, 2021 to 2030
13. Profiles of major world Fumed Silica Companies
13.1 Evonik Industries
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.2 Cabot Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.3 Tokuyama Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.4 China National Bluestar (GROUP) Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.5 Wacker Chemie AG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.6 Applied Material Solutions
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.7 Orisil
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.8 Kemitura A/S
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
14. Appendix
14.1 Publisher’s Expertise
14.2 List of Tables and Charts
14.3 List of Exhibits
14.4 Legal Disclaimer
Widening applications of fumed silica, Capacity expansion plans in China and other Emerging countries, Technological advancements in the personal care segment, Strong adoption across Coatings and Sealants applications, Growing investments in infrastructure, and others.
The global fumed silica market is estimated at $1.43 billion in 2022.
The market is forecast to grow at a compounded annual growth rate (CAGR) of 5.44% between 2023 and 2030. By end of the forecast period in 2030, the global fumed silica market revenue is likely to be $2.18 billion.
Evonik Industries, Cabot Corporation, Tokuyama Corporation, China National Bluestar (GROUP) Corp, Wacker Chemie AG, Applied Material Solutions, Orisil, Kemitura A/S
CASE applications in emerging countries continue to offer strong growth prospects for both small and medium-scale companies