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How will elevating industrial applications propel fumed silica market forecast?

05-05-2021 10:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Fumed Silica Market

Fumed Silica Market

According to a recent report by Global Market Insights, Inc., fumed silica market size is projected to reach USD 2.3 billion by 2027. Applications of the substance are spread across the numerous industries such as cosmetics, pharmaceutical, adhesives & sealants, silicone elastomers, paints & coatings, etc. owing to its ability to improve the efficiency of production processes. It enhances and maintains the quality of products that are manufactured in these sectors. These beneficial properties are fueling the demand for fumed silica, providing enormous growth opportunities for the business.

Fumed silica, a white powder formed during the production of elemental silicon, possesses the ability to serve as a rheology modifier, thixotropic agent, viscosity controller, anti-settling agent and thickening agent. This makes fumed silica an attractive option for several manufacturing companies. On account of the wide product application, the global fumed silica market is likely to show meritorious growth over the subsequent years.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4388

How will the hydrophobic segment fare across fumed silica market?

Hydrophobic fumed silica is known to be fumed silica’s treated grade which is produced by the reaction of reactive silanes like chlorosilanes or hexamethyldisilazane with hydrophilic silica. It has superior water-repellent properties due to the availability of short-chain or long-chain organic groups that are anchored on fumed silica surface.

Hydrophobic fumed silica is majorly used in silicone reinforcing without thickening polar resins and solvents such as alcohols, isocyanates, epoxies and urethanes which is driving the product demand considerably. On account of this, hydrophobic fumed silica segment is estimated to register a robust CAGR of over 6% through 2027.

What benefits offered by silicone elastomers impact fumed silica industry outlook?

Silicone elastomer, which is widely used in High-Temperature Vulcanized (HTV) silicone rubber, is observing a heightened demand owing to the benefits offered by it including enhanced reinforcement, surface quality, sag resistance, dispersibility and service life.

Fumed silica is added during the production of silicone elastomers, to enhance the toughness, elongation, tensile strength & modulus, and hardness. It also helps in improving flame retardancy, heat stability, extrudability, and transparency.

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Why is fumed silica market in North America witnessing robust expansion?

Thriving pharmaceutical sector in North America is expected to enhance the outlook of regional fumed silica industry. As per the European Federation of Pharmaceutical Industries and Associations, North America held around 50% of the global pharmaceutical sector. The regional pharmaceutical growth can be attributed to the expenditure on healthcare.

In addition to this, a subtle increase in research & development activities, access to high-value drugs, and favorable government policies are as well complementing the penetration of fumed silica in the market. Reportedly, North America fumed silica market is estimated to register a valuation of more than USD 520 million by 2027.

What makes Middle East & Africa a strong growth hub for fumed silica industry?

There has been a significant infrastructure development across Middle East & Africa over the past few years. With favorable government policies, the number infrastructure projects are expected to increase in the future demanding the need for fumed silica accordingly.

Projects such as Al Maktoum International Airport, Dubai complex and Jubail II Industrial City Project are stimulating the sales of fumed silica sales in the region as the product is extensively used in construction products. This is anticipated to provide lucrative growth prospects for fumed silica market in Middle East & Africa over the foreseeable future.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/fumed-silica-market

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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