Fumed Silica Market

Market Snapshot:

Revenues in the application segment of the fumed silica market grew at approximately 5% year-over-year in 2021. Demand of cosmetics and personal care segment increased 5.3% between 2020 and 2021, according to Fact.MR’s recently published report.

Growing demand for fumed silica in the pharmaceutical industry and paints and coatings segment is likely to project the market expansion for fumed silica throughout the forecast period 2021-2031.

Key Points Covered in Fumed Silica Market Survey:

• Market Estimates and Forecasts 2016-2031
• Key drivers and restraints shaping market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Fumed Silica and how to navigate
• Recommendation on key winning strategies.

Consumption Analysis of Fumed Silica from 2016-2020 Vs Future Outlook for 2021 to 2031.

The marketplace for fumed silica flourished at a CAGR of over 4% with a projected value exceeding US$ 1 Bn by the end of the historic period 2016-2021. Swelling demand for fumed silica in the pharmaceutical industry opened up significant applications in the aforementioned period.

The evolving cosmetics and personal care segment in the East and South Asian regions has strengthened fumed silica demand, as it is generally used in cosmetic formulations to prevent light reflection.

Simultaneously, the silicone rubber sector is expanding impressively at the rate of ~7% offering lucrative growth opportunities and reinforces the demand for fumed silica across the globe. Fact.MR projects the market worth for fumed silica to top US$ 1.6 Bn with a CAGR of above 5% throughout the 2021-2031 forecast period.

How are Fumed Silica Applications Rising in Paints & Coatings and Drug Manufacturing?

The augmented demand in the paints, coatings & sealants business is expected to drive the demand for fumed silica across the globe as it also delivers reinforcement and mechanic properties to sealants.

Furthermore, the cost-effectiveness of the product over precipitated silica is another factor expected to propel the growth of the target market. Besides, snowballing innovations in the manufacturing of drugs is boosting demand.

Why Reducing Dependence on Conventional Metals is Spurring Fumed Silica Demand?

Prominent fumed silica players in the fumed silica market are gaining ground across key industrial applications including adhesives, paintings and coating etc. They are swiftly replacing conventional metals across various formulations.

U.S. tariffs on Chinese steel and aluminium products have aided a tectonic shift from metallic to composite or plastic components in motor vehicle engineering, positively impacting the acceptance for adhesives and fashioning manufactured from fumed silica.

Challenges to Fumed Silica Industry Growth

Threat of numerous health hazards to the workers of different end use industries as well as to the people using the product in which fumed silica is restraining growth of fumed silica demand.

Fumed silica is known to cause health problems, such as eye irritation and damage amid continuous exposure. Hence manufacturers are finding solutions to eliminate the odds of any danger.

Additionally, increasing tilt towards eco-friendly paints and stringent government regulations on paint composition might impede demand of fumed silica across the paints and coatings industry.

Which are Some Lucrative Growth Opportunities for Fumed Silica Technology?

The growth of the fumed silica market is attributed to the increase in demand for fumed silica for numerous applications, particularly for silicone elastomers which is used in High-Temperature Vulcanized (HTV) silicone rubber to improve reinforcement, dispersibility, sag resistance, surface quality, and service life. 

Rising disposable incomes, shifting of manufacturing facilities from developed regions, such as North America and Europe, and rapidly growing industrial sectors are likely to offer lucrative opportunities for end-use industries like cosmetics and healthcare.

What Are Some Key Trends in the Market?

Application of precipitated silica in personal care is trending with the cosmetics industry leveraging its usage to the fullest. Its unique properties such as anti-caking, UV protection, and dispersion are rendering fumed silica highly useful. However, growing adoption of eco-friendly products have stimulated fumed silica demand across several end use industries.

According to the American Coatings Association, with ongoing scrutiny and sensitivity in the coatings industry to mitigate workplace hazards, greater emphasis is placed on suitable amorphous technology to replace crystalline silica technology. This trend is likely to improve the functionality of coatings in upcoming years.

Country-wise Analysis:

How is the U.S Experiencing High Demand for Fumed Silica?

The demand for high performance silicon rubber is surging, especially with rapid growth of the automotive sector. Hence, fumed silica is used as a reinforcement filler in tire rubber applications in order to improve tire performance. Hence, the U.S fumed silica industry is expected to surpass nearly US$ 3 Bn by the end of 2031.

On the other hand, growing demand for anti-aging products and E-commerce channel influencing sales, helping U.S capture the largest share of fumed silica market. The presence of key manufacturers like Thomasnet, Brenntag in the industry is fuelling demand across key end-use industries such as paints and coatings, cosmetics and personal care.

Why is Fumed Silica Market Flourishing in China?

China is likely to experience high demand for fumed silica throughout the forecast period. According to the International Monetary Fund (IMF), China is among the fastest-growing economies, generating heavy demand for construction and infrastructure development projects. This will boost the demand for fumed silica across the region.

On the other hand, booming demand for the healthcare and personal care industry will also garner the demand for fumed silica in the end-use market. 

Category-wise insights:

Why are Paints and Coatings the Most Lucrative Application of Fumed Silica?

Consumption of paints & coatings for industrial and decorative applications will receive an uptick in coming years. Demand is heavily backed by the trend of providing industrial equipment and products free from corrosion, scratches and abrasions.

Thus, anticipated increase in consumption of paints and coatings is expected to bolster growth of fumed silica market during the forecast period, expanding at above 5% CAGR until 2031.

Why is Hydrophilic Fumed Silica Gaining High Traction?

Hydrophilic fumed silica held around 60% revenue in 2020 and will thrive with its preference as a glidant for food and industrial powders. It is one of the most widely used grades of fumed silica.

Due to its corrosion resistant properties and effective performance benefits for various applications like adhesives and sealants, agriculture and lawn care, hydrophilic fumed silica is gaining traction globally.

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advances for cancer screening, mergers, and acquisitions.   

• In June 2021, key player Evonik Industries AG has signed a purchase agreement to acquire the privately-owned technology-driven company Infinitec Activos, with closing expected by July end.
• In May 2021, Cabot Oil & Gas Corp. plans to merge with Cimarex Energy in an all-stock deal that values the combined company at $17 Bn. The transaction is set to close in the fourth quarter. The combined company will operate under a new name and will be headquartered in Houston.

Report Scope

Key Segments Covered:

• Product Type

  • Hydrophilic Fumed Silica
  • Hydrophobic Fumed Silica

• Application

  • Fumed Silica for Silicone Rubber
  • Fumed Silica for Paints & Coatings
  • Fumed Silica for Unsaturated Polyester Resins
  • Fumed Silica for Adhesives & Sealants
  • Fumed Silica for Healthcare & Personal Care
  • Others

Fumed Silica Market- Scope of Report

A recent study by Fact.MR on the fumed silica market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of the fumed silica market.

The study also provides the dynamics responsible for influencing the future status of the fumed silica market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the Fumed Silica Market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers a comprehensive analysis of diverse features, including production capacities, demand, product developments, revenue generation, and sales of the fumed silica across the globe.

A comprehensive estimate of the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of the fumed silica during the forecast period. Price point comparison by region with the global average price is also considered in the study.

Key Questions Answered in Report

• Which are the most lucrative fumed silica markets?
• Which factors will impact the sales of fumed silica?
• How will changing trends impact the strategies of market players?
• How can market players capture the low-hanging opportunities across regions?
• Which companies are leading the fumed silica industry?
• What are the winning strategies of stakeholders in the market?

Analysis of Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for the fumed silica market are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global fumed silica market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which has helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the fumed silica market during the forecast period.

Country-specific valuation on demand for fumed silica market has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of the fumed silica market, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in producing fumed silica have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolios and key strategies, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the fumed silica market. 

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the fumed silica industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.