Press release
Fumed Silica Demand to Surpass 335,000 MT in 2018 || Key Players: Wacker Chemie AG, DowDuPont Inc., Tokuyama Corporation, OCI Company Ltd.
Increasing demand for water-based coatings and paints for industrial and architectural application continues to be a driver for the market. Fumed silica is used on a large scale in paints and coatings to prevent corrosion and rust. Moreover, demand for silicone rubber is increasing in the automotive sector to improve fuel efficiency, thereby, accelerating the growth of fumed silica market.
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The demand for hydrophobic fumed silica is likely to grow at a significant rate in the future. Owing to the low cost and excellent properties, hydrophobic fumed silica is increasingly used across various industries. Hydrophobic fumed silica is finding large application in coatings, adhesives and sealants, greases, toners, and skin and personal care products.
“The fumed silica market is likely to see the highest growth in the sales of hydrophobic fumed silica in the coming years. The hydrophobic fumed silica is anticipated to see a huge demand, particularly in coatings and in personal care products. The hydrophobic fumed silica is likely to exceed US$ 500 million by 2018 end,”- Senior Analyst at Fact.MR.
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Segmentation
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.
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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.
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