Press release
Fumed Silica Market Rising Demand Globally and Dominated By Top Competitors (Cabot Corporation, WackerChemie AG, China National Bluestar(Group) Co.,Ltd, Inner Mongolia Sucon Silicone Co, Ltd.) and Forecast 2024
Fumed Silica Market – Industry Trends and Forecast to 2024
Global Fumed Silica Market - Industry Trends and Forecast to 2025” new report to its research database. The report spread No of Pages: 350 No of Figures: 60 No of Tables: 220 in it
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Global Fumed Silica Market accounted for USD 1.50 billion in 2016 and is projected to grow at a CAGR of 7.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Different factors such as expanding episodes of immune system issue, expanding government assistance, enhancing administrative structure, expanding computerization of research centers and rising subsidizing and repayment are persistently adding to the development of the Global Fumed Silica Market
Major Market Competitors
Some of the major players in the fumed Silica market include:-
• Evonik Industries,
• Cabot Corporation,
• Wacker Chemie AG, and
• Tokuyama Corporation,
• China National Bluestar(Group) Co. Ltd,
• Inner Mongolia Sucon Silicone Co, Ltd.,
• Yichang Csg Polysilicon Co, Ltd,
• Dongyue Group Ltd.,
• Heraeus Quarglas GmbH & Co. Kg,
• Applied Material Solutions, Inc.,
• Agsco Corporation,
• Fuji Silysia Chemical Ltd,
• Dalian Fuchang Chemical Co, Ltd.,
• Yichang Csg Polysilicon Co, Ltd and many more.
Market Definition: Global Fumed Silica Market
Fumed silica is the type of silica that contains microscopic droplets of amorphous silica used worldwide as universal thickening agent and anticaking agent in powders. Also known as pyrogenic silica, it is used in several industries such as paints, coatings, adhesives, plastics, sealants, cosmetics, unsaturated polyester resins. Fumed silica is majorly used in the paints and coating industries, as the anti-settling agent.
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Major Market Drivers:
• Growing pharmaceutical and construction industries
• Increasing awareness regarding the benefits of fumed silica
• Cost-effectiveness of fumed silica as compared to precipitated silica
Market Segmentation: Global Fumed Silica Market
• The fumed silica market is segmented on the basis of type into hydrophilic fumed silica and hydrophobic fumed silica.Hydrophobic fumed silica is expected to grow at the highest CAGR over the forecast period.
• On the basis of application, the market is segmented into paints & coatings, adhesives & sealants, pharmaceuticals, UPR, gel batteries, lighting, others. Paints & Coatings is expected to witness the highest demand from the automotive sector over the forecast period.
• On the basis of geography, the fumed silica market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacificis expected to dominate the market.
Competitive Landscape:
The global fumed silica market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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