Silica Slurry Market
Silica Slurry Market Analysis By Product Market (Colloidal Silica Slurry & Fumed Silica Slurry) By Application and By Region – Global Market Insights 2022 to 2032
Analysis of Silica Slurry market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Silica Slurry Market Outlook (2022-2032)
The global silica slurry market is currently estimated at US$ 303.3 million and is anticipated to progress at a CAGR of 4.6% to reach a market valuation of US$ 475.6 million by the end of 2032.
The use of silica slurry in medical implant polishing will generate long-term opportunities for market players over the decade.
Silica Slurry Market Size (2021A)
US$ 290 Million
Estimated Market Value (2022E)
US$ 303.3 Million
Forecasted Market Value (2032F)
US$ 475.6 Million
Global Market Growth Rate (2022-2032)
East Asia Market Share (2021)
North America Market Growth Rate (2022-2032)
China Market Growth Rate (2022-2032)
Market Share of Top 5 Companies
Key Companies Profiled
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Consumption Analysis of Silica Slurry (2017-2021) Vs. Market Outlook (2022-2032)
The use of silica slurry in various industries such as metallography, optics, superconductors, automotive, and aircraft witnessed growth in the past years. Silica slurry is extensively used for lapping and polishing materials or metals that require a shiny finish.
Silica slurry is widely used in the polishing of metal surfaces and ceramics surfaces. Ceramics are contributing to the manufacture of different medical devices such as X-ray tubes, hand tools, pressure sensors, dental bridges & screws, implants for hip replacement, and valves.
A wide use of silica slurry is in silicon wafer semiconductor manufacturing. Silicon wafer semiconductors can be used in the manufacturing of both, chips and microchips in electronic devices. Silica slurry is a major part of all electronic devices. Wide use of electronic devices and increasing use of compact devices are resulting in silica slurry becoming immensely popular.
- Short Term (2022 Q2 to 2025): Growing electronic devices market will positively impact silica slurry market growth in the short term.
- Medium Term (2025-2028): North America and Europe are projected to witness relatively high demand for silica slurry on the back of higher penetration of electronic products.
- Long Term (2028-2032): Integration of advanced technologies such as microchips and compact devices to open new market opportunities for silica slurry suppliers.
Over the 2017 - 2021 historical period, the global market for silica slurry exhibited a CAGR of 2.8%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will expand at 4.6% CAGR between 2022 and 2032.
Image provides market share analysis of silica slurry based on region and product type. Under the product type segment, fumed silica slurry dominates with 58.4% market share in 2022.
Why is Demand for Silica Slurry Rising Rapidly across Regions?
“Emerging Technologies for Electronic Devices Paving Way for High Market Growth”
The semiconductor business has been developing rapidly in the previous few decades; among these, scaling down / miniaturization in semiconductor innovation has made a huge commitment to the outcome of current hardware in various fields. Various producers participate in the improvement of driving cutting-edge innovations that can be used in the semiconductor fabricating cycle to upgrade the exhibition of semiconductors and electronic gadgets.
Man-made consciousness is reshaping the semiconductor business by affecting the semiconductor fabricating cycle and chip plans. Along with this, IoT in sensors, software, and many others are used in every core industry, which is increasing the demand for semiconductors. The rise in advanced technology for the production of semiconductors and many other chips is driving target market growth.
“Emerging Use of Compact Electronic Devices”
Across the world, people are attracted to compact devices. With this increasing interest, producers are also manufacturing more compact devices to increase their market size. Microchips are very popular in electronic devices. Due to these reasons, semiconductors also come in a micro or compact size.
Electronic devices have also come up in compact formats. Compact devices are easy to handle and people can transport them very easily, which is the reason why population interest increasing for these kinds of devices.
Sales of compact devices are rapidly increasing, thereby driving the production of compact devices across regions. It has been seen that in 2020, sales of compact discs (CDs) were 40.16 million units, and in 2021, 40.59 million units of compact discs were sold. This makes a marking that in 17 years, this was the first yearly gain for CD sales.
Along with an increase in the sales of compact discs, microchip technology revenue growth has also been observed in recent years.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
What Do Silica Slurry Manufacturers Need to Watch Out for?
“High Cost of Silica Slurry Products Hampering Market Expansion”
Silica slurry has a major application in semiconductor manufacturing. Semiconductors are widely used components in electronic device manufacturing. The process of production of silica slurry is quite hard and costly. This increases the cost of silica and silica slurry products.
They are used in the manufacturing of electronic circuits, diodes, and transistors. These electronic devices have many more applications because of their characteristics such as low power efficiency, low cost, and compactness.
Smartphones, laptops, tablets, and other smart devices are mostly made up of many semiconductors. Due to the many microchips and semiconductors, the cost of such smart devices is very high, which is bound to impact market growth of silica slurry as well.
Will Escalating Use of Semiconductors & Electronic Devices in the U.S. Drive Silica Slurry Demand?
In June 2021, the US passed the USICA Act (United States Innovation and Competition Act), which includes US$ 52 billion to strengthen the manufacturing, research, and design of domestic chips.
Silica slurry is widely used in the manufacturing of semiconductors and electronic chips. Most semiconductor manufacturing companies are present in the U.S. and that has led to the high demand for silica slurry. The use of semiconductors is prominent in various sectors such as electronics, automotive, and many others, and the concentration of these companies is high in the U.S.
An important innovation over the last few years in the electronics industry has been the development of new microchip technologies and semiconductors. As such, the United States silica slurry market is expected to expand steadily at 5.3% CAGR over the forecast period.
Why is the China Silica Slurry Market Expected to Be Highly Lucrative?
The use of semiconductors is high in China as it is the biggest manufacturer of electronic devices such as smartwatches, smartphones, laptops, and others in the world. China is one of the top manufacturers and exporters of smart devices and electronic devices, accounting for around 35% of the world's production.
China’s 5-year plan promotes fast electric portability and industrialization. The main areas of government investments in 2021 included semiconductors, photonics, microchips, and electronic displays.
China’s goal to achieve 70% self-sufficiency in the manufacturing of semiconductors is backed by the investment of US$ 73 billion in national funds and US$ 23 billion in local government funds. China is one of the rapidly growing electronic device markets. Demand for smart devices, semiconductors, and chips is increasing, offering the silica slurry industry a great deal of growth potential.
What Makes Fumed Silica Slurry the Dominant Type?
Fumed silica slurry is the most widely used type due to its wide application range, such as in silicon wafer manufacturing, semiconductor and smart chip manufacturing, electronic component manufacturing, medical implant polishing, and polishing of hard metals and their alloys such as ceramics.
Silica fume slurry is also widely used in automotive chips. These chips are a piece of a vehicle's security prerequisites as components; for example, airbags, safety belts, tensioners, and many other components.
Owing to the above facts, the fumed silica slurry market is predicted to expand at 4.9% CAGR across the 2022-2032 study period.
Will the Semiconductor Industry Account for High Market Growth?
In recent years, smartphone demand has increased worldwide. With this increasing smartphone demand, global demand for semiconductors is also rising. Semiconductors are essential parts of every electronic device.
Silica slurry is a major component in the fabrication of semiconductors, wafers, and chips/microchips. Increasing interest of people in small electronic parts and high thickness arrangements in little gadgets is making micro and compact semiconductors highly essential.
Almost 29% of semiconductors produced are used in smartphones and tablets. In the year 2014, 1,239 million units of smartphones were sold around the world, and this figure increased to 1,556 million units in 2018.
As such, the market for semiconductors is expected to expand at 5.1% CAGR over the next ten years.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Prominent silica slurry manufacturers are Nanoshel LLC, Elkem, Air Products Inc., Cabot Corporation, Fujimi Corporation, DuPont, W. R. Grace & Co.-Conn, CMC Materials, Nissan Chemical America Corporation, Kemet International Limited, Pureon, and CMC Materials.
- Elkem in 2020, introduced MICROSILICA, products for concrete applications. A key ingredient in many construction materials is available in innovative slurry and powder options, which are customized according to the needs of customers.
Fact.MR has provided detailed information about the price points of key manufacturers of silica slurry positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Silica Slurry Industry Research
By Product Type :
- Colloidal Silica Slurry Market
- Fumed Silica Slurry Market
By Application :
- Silicon Wafer Manufacturing
- Medical Implant Polishing
- Electronics component manufacturing
- Metals and electronic substrate polishing
By Region :
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
- FAQs -
The global silica slurry market is currently valued at US$ 303.3 million.
Revenue from the sales of silica slurry across the world is anticipated to reach US$ 475.6 million by 2032-end.
From 2017 to 2021, worldwide sales of silica slurry increased at 2.8% CAGR.
East Asia leads the global silica slurry market accounting for 44.6% market share at present.
Fumed silica slurry accounts for 58.4% share of the global market.