Evonik Industries Maintains its Lead in Fumed Silica Market, Cabot Corp and Wacker Chemie AG Follow Suit
Evonik Industries AG, a German manufacturer of fumed silica, accounts for nearly one-third market share. Evonik is investing heavily in expanding its fumed silica capacities worldwide to establish a strong presence in the international markets.
Evonik recently announced its plans to expand its fumed silica capacities in Antwerp, Belgium to be in line with its strategy to solidify its position in the European fumed silica market. The company also revealed its plan to expand its hydrophobic fumed silica production in Rheinfelden, Germany by 20% in response to burgeoning demand for specialty silica varieties.
Evonik also announced that it has agreed to form a joint venture with a Chinese chemical company – the Wynca group; the new facility planned in China is projected to manufacture 8,000 metric tons of fumed silica annually.
Other leading manufacturers in the fumed silica market, such as Cabot Corp and Wacker Chemie AG collectively hold over 40% revenue share in the market. Captive consumption of fumed silica is likely to continue complementing the incremental growth of top manufacturers in the fumed silica market.
Fumed Silica Market Remains Highly Consolidated as Tier III Companies Hold Less Than 10% Market Share
Stringent regulatory framework, challenges associated with the availability of raw materials, and cyclic behavior of end-use industries present major barriers to entry for small and medium-scale businesses in the fumed silica market. Tier III manufacturers are facing major challenges at raw material procurement as leading firms are controlling supply chain operations in the fumed silica market.
Furthermore, ensuring product regulatory compliance results in additional manufacturing costs and delayed market entry, which is making it challenging for new entrants in the fumed silica market to maintain competitive prices. In addition, top players in the fumed silica market account for the largest market share through captive consumption of fumed silica. This is making fumed silica market highly concentrated among top market players and Tier III fumed silica companies account for less than 10% revenue share of the market.
Ongoing US-China Trade War Makes a Significant Impact on China’s Growth in the Fumed Silica Market
The full-blown trade war between the U.S. and China, the world’s two largest markets for fumed silica, is influencing the prospects of the global market for fumed silica as many industrial applications of fumed silica, including adhesives, bore a significant impact.
China’s retaliation to the U.S. plans to take the trade war to a fever pitch has resulted in Chinese government levying heavy tariffs on U.S.-made products, including adhesives, which is one of the most common applications of fumed silica. Additionally, U.S. tariffs on Chinese aluminum and steel products have facilitated a shift from metal to composite/plastic in motor vehicle manufacturing, which is making a huge, albeit indirect, impact on the demand for adhesives.
As the U.S. holds a substantial share in China’s imports of adhesives, the effect of potential tariff escalation on U.S. adhesives and sealants may impinge on the U.S. fumed silica market growth in the upcoming years.
Growing Applications of Fumed Silica in Silicone Rubber Create Potential for Demand Upsurge
The silicone rubber industry is witnessing extensive growth as it finds versatile applications in various industrial sectors, such as sports, automotive, healthcare, and medical appliances. Manufacturers in the fumed silica market are aiming to capitalize on the increasing growth of the silicone rubber industry, by improving characteristics of silicone rubber, such as chemical inertness, purity, and high durability with the use of fumed silica.
By adopting advanced manufacturing technologies, players in the fumed silica market are exhibiting superior characteristics of fumed silica that can further enhance mechanical properties, tear resistance, and tensile strength of silicone rubber. Fumed silica market players are recognizing the growth potential of the silicone rubber industry and modifying their manufacturing strategies to capture lucrative sales opportunities in the coming future.
Market Players Focus on Capturing Untapped Opportunities in the Paints & Coatings Industry
Growing demand for decorative coatings and burgeoning construction activities worldwide are contributing to the incremental growth of the paints & coatings industry. Soaring popularity of fumed silica in the paints & coatings industry as an anti-setting and thixotropic agent to control rheological characteristics is creating new avenues of growth for fumed silica market players in the industry.
Leading manufacturers in the fumed silica market are modifying their manufacturing procedures and adopting advanced technologies to introduce fumed silica that can enhance the setting characteristics of pigments in paints & coatings. By adopting innovative manufacturing processes that can improve properties of fumed silica and improve the productivity of business, market leaders are aiming to capitalize of the rapidly-growing fumed silica market.
Note: For detailed analysis on all the key market factors, request a sample.
The fumed silica market report covers profiles of key participants to cover important aspects of competitive environment in the fumed silica market. Thorough and insightful information about market players, including key financials, and product portfolio, along with information about new technologies adopted and new product launches by market players, is covered in the fumed silica market report.
Market players featured in the report include Cabot Corp, Evonik Industries AG, Wacker Chemie AG, DowDuPont Inc., Tokuyama Corporation, OCI Company Ltd., Orisil, Kemitura A/S, Chiefeng Shengsen Silicon Technology Development Co., Ltd, Gelest Inc., and Henan Xunyu Chemical Co., Ltd.
A mounting number of players in the fumed silica market are eyeing the lucrative opportunities in the Chinese market for fumed silica, which is outpacing the growth of other regional markets.
Cabot Corp formed a joint venture with Inner Mongolia Hengyecheng Silicone Co., Ltd. increase fumed silica production in China. The companies have invested over US$ 60 million in the new fumed silica production capacity to establish a strong position in the rapidly expanding market for fumed silica in China. The Cobot Corp has also invested over US$ 80 million in its new fumed silica capacity in Kentucky, USA, which is adjacent to silicone monomers plant of Dow Corning, an American supplier of silicone products.
Another popular trend in the fumed silica market is that a majority of market players, such as Wacker Chemie AG, Evonik Industries AG, and Cabot Corp., have increased the prices of fumed silica due to a rise in raw materials and transportation prices.
Note: For full coverage of the competitive landscape, get in touch with our experts.
Fumed silica is prepared through a chemical reaction that involved burning Silicon tetrachloride or tetrachlorosilane (SiCl4) in hydrogen-oxygen flames, which ends in producing the smoke of SiO2. Fumed silica is also called pyrogenic silica and it is commonly used in a variety of industrial applications such as silicone rubber, paints & coating, adhesives, and unsaturated polyester resins.
About the Report
The Fact.MR study features insightful information about critical dynamics of the fumed silica market to help readers to fathom current growth parameters and future prospects of the fumed silica market. This study is a seamless presentation of unique insights on how the fumed silica market will grow during 2018-2028 along with the prediction of market growth in terms of market size (US$ million) and market volume (tons).
The information about the growth prospects of the fumed silica market is broadly segmented according to geographical regions, product types, and applications of fumed silica. Based on the growth parameters of the fumed silica market in various geographical regions, the growth prospects of the fumed silica market are segmented into seven regions – North America, Latin America and Middle East & Africa (LAMEA), Europe, China, India, Japan, and South East Asia and Pacific.
According to product types of fumed silica, the fumed silica market is segmented into two categories – hydrophilic and hydrophobic. Based on the applications of fumed silica, growth prospects of the fumed silica market are segmented into five major applications – silicone rubber, paints & coatings, unsaturated polyester resins, adhesives & sealant, and healthcare & personal care.
Additional Questions Answered
Information presented in the Fact.MR report on fumed silica market can help market players to understand the growth prospects of the market. With the help of this information, market players can plan their upcoming business strategies, which can lead to them gain competitive advantages in the fumed silica market.
The report answers numerous market-related questions for market players, which can help them to make well-informed and critical decisions to strengthen their position in the fumed silica market in the upcoming years. Some of the important questions about the fumed silica market that are answered in the report are:
- What impact do the statistics of the global chemical sales have on the growth of the fumed silica market?
- What are the winning strategies of manufacturers in the fumed silica markets in developed regions?
- Why are most market players preferring to invest in the European fumed silica market?
- How will the political status quo in emerging economies impact growth of the fumed silica market?
- Why are most companies shifting their focus away from hydrophilic fumed silica to hydrophobic fumed silica from?
A holistic approach and unique methodology is followed while conducting a thorough research about the fumed silica market to conclude the growth prospects of the market during 2018-2028. Accurate conclusions about the future growth of the fumed silica market mentioned in the report are drawn by carrying out secondary and primary research on the current growth avenues in the fumed silica market.
Historical and recent data obtained at the end of the comprehensive secondary research about the fumed silica market is combined with the information gained through primary market research, which involves all the leading stakeholders, including manufacturers and distributors, in the fumed silica market.
Fact.MR ensures the reliability of all the conclusions and insights about the growth prospects of the fumed silica market mentioned in the report.
-> Request methodology of this Report.
The fumed silica market is expected to witness a moderate growth in the near future. The latest report published by Fact.MR provides key insights on the fumed silica market. The report also offers a comprehensive analysis of essential market dynamics including trends, drivers, opportunities, and challenges. The report on the fumed silica market also highlight factors influencing the innovation and development in the fumed silica market.
Chapter 1- Executive Summary
This chapter in the fumed silica market report includes an overview of the market along with analysis. Recommendations are also offered in the section on the fumed silica market.
Chapter 2- Market Introduction
The next part of the report provides a brief introduction to the market. It also offers specific product definition of fumed silica. Market taxonomy is also offered in this chapter of the report.
Chapter 3- Fumed Silica Market Background
This chapter of the report presents background information on the fumed silica market along with the macroeconomic factors. It also provides details on market dynamics including the latest trends, drivers, and challenges. Moreover, Porters five force model, value chain analysis, and an overview of the manufacturing process is also offered in the report.
Chapter 4- Global Fumed Silica Market Analysis and Forecast
This section of the report focuses on pricing analysis, along with market volume and size projections.
Chapter 5- Fumed Silica Market Analysis and Forecast by Product Type
This chapter provides analysis and forecast on the fumed silica market based on the product type. Historical data including value and volume along with the forecast is provided on the product type segment. It also provides information on the sub-segments based on the product type.
Chapter 6- Fumed Silica Market Analysis and Forecast by Application
This section of the report focuses on the fumed silica market segmented on the basis of the application. The application segment is further bifurcated into sub-segments. Information including value and volume share of the market based on application is given in the report.
Chapter 7- Fumed Silica Market Analysis and Forecast by Region
This section of the report provides details on all the key regions in the fumed silica market. Market share in terms of value and volume of each region is given in the report.
Chapter 8- North America Fumed Silica Market Analysis
This section provides essential numbers in form of value and volume share in the fumed silica market in North America. The report also provides country-wise analysis on the market. The details on the growth of the market in North America based on the product type and application is also provided in the chapter.
Chapter 9- LAMEA Fumed Silica Market Analysis
This chapter of the report offers a brief introduction on the performance of the fumed silica market in the LAMEA region. Historical market size along with the forecast is provided in terms of value and volume.
Chapter 10- Europe Fumed Silica Market Analysis
The report provides an analysis of the fumed silica market in Europe along with the details on the latest trends and key growth opportunities in the region. Essential details on the key players operating in the region are also offered in the fumed silica market report.
Chapter 11- South East Asia & Pacific Fumed Silica Market Analysis
This chapter provides information on the market in the South East Asia & Pacific region. Details including key companies, new developments, and regulations by the governing bodies in the region are offered in the section. Country-wise analysis is also provided in the chapter.
Chapter 12- China Fumed Silica Market Analysis
This section of the report focuses on the performance of the fumed silica market in China. The market dynamics is also provided including trends, drivers, restraints, and opportunities for manufacturers in the market in China.
Chapter 13- India Fumed Silica Market Analysis
This chapter offers a brief introduction of the fumed silica market in India. Details on all the leading players along with new product developments and business strategies are provided in the chapter.
Chapter 14- Japan Fumed Silica Market Analysis
This section of the report provides information on growth opportunities and the latest trends in the fumed silica market in Japan. Market value share of the key players in the country along with market attractiveness analysis is offered in the chapter.
Chapter 15- Competition Analysis
This section in the fumed silica market report offers the analysis of the market structure along with the dashboard view. The report also provides detailed profiles of the leading market players. Information provided on the key players in the fumed silica market include product portfolio, market share, latest developments, and business strategies.
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Fumed Silica Market Background
3.1. Macro-Economic Factors
3.2. Market Dynamics
3.3. Porters Analysis
3.4. Value Chain Analysis
3.5. Forecast Factors – Relevance & Impact
3.6. Manufacturing Process Overview
4. Global Fumed Silica Market Analysis and Forecast
4.1. Market Volume Projections
4.2. Pricing Analysis
4.3. Market Size Projections
5. Global Fumed Silica Market Analysis and Forecast, by Product Type
5.2. Historical Market Size (US$ Mn) and Volume By Product Type, 2013–2017
5.3. Market Size (US$ Mn) and Volume Forecast By Product Type, 2018-2028
6. Global Fumed Silica Market Analysis 2013–2017 and Forecast 2018–2028, by Application
6.2. Historical Market Size (US$ Mn) and Volume By Application, 2013–2017
6.3. Market Size (US$ Mn) and Volume Forecast By Application, 2018-2028
6.3.1. Silicone Rubber
6.3.2. Paint & Coatings
6.3.3. Unsaturated Polyester Resins
6.3.4. Adhesives & sealant
6.3.5. Healthcare & Personal care
7. Global Fumed Silica Market Analysis and Forecast, By Region
7.2. Historical Market Size (US$ Mn) and Volume By Region, 2013–2017
7.3. Market Size (US$ Mn) and Volume Forecast By Region, 2018-2028
7.3.1. North America
7.3.7. South East Asia And Pacific
8. North America Fumed Silica Market Analysis and Forecast
8.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
8.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
8.3.1. By Country
8.3.2. By Product Type
8.3.3. By Application
8.3.4. By Application
9. LAMEA Fumed Silica Market Analysis 2013–2017 and Forecast 2018–2028
9.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
9.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
9.3.1. By Region
188.8.131.52. Latin America
184.108.40.206. Middle East & Africa
9.3.2. By Product Type
9.3.3. By Application
10. Europe Fumed Silica Market Analysis 2013–2017 and Forecast 2018–2028
10.2.Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
10.3.Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
10.3.1. By Country
10.3.1.2. United Kingdom
10.3.1.8. Rest of Europe
10.3.2. By Product Type
10.3.3. By Application
11. South East Asia & Pacific Fumed Silica Market Analysis 2013–2017 and Forecast 2018–2028
11.2.Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
11.3.Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
11.3.1. By Country
220.127.116.11. South Korea
18.104.22.168. Rest of the Countries
11.3.2. By Product Type
11.3.3. By Application
12. China Fumed Silica Market Analysis 2013–2017 and Forecast 2018–2028
12.2.Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
12.3.Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
12.3.1. By Product Type
12.3.2. By Application
12.3.3. By Application
13. India Fumed Silica Market Analysis 2013–2017 and Forecast 2018–2028
13.2.Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
13.3.Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
13.3.1. By Product Type
13.3.2. By Application
14. Japan Fumed Silica Market Analysis 2013–2017 and Forecast 2018–2028
14.2.Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
14.3.Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
14.3.1. By Product Type
14.3.2. By Application
14.3.3. By Application
15. Competition Analysis
15.3.1. Cabot Corp
15.3.2. Evonik Industries AG
15.3.3. Wacker Chemie AG
15.3.4. DowDuPont Inc.,
15.3.5. Tokuyama Corporation
15.3.6. OCI Company Ltd.
15.3.8. Kemitura A/S
15.3.9. Chiefeng Shengsen Silicon Technology Development Co., Ltd
15.3.10. Gelest Inc.
15.3.11. Henan Xunyu Chemical Co., Ltd
16. Research Methodology
17. Assumption & Acronyms
Fact.MR offers custom research services that help clients to get specific research solutions