Press release
Fumed Silica Market is Expected to Witness Healthy Growth at 4.9% CAGR through 2031
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.
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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
The latest industry analysis and survey on Fumed Silica provides sales outlook in 20+ countries, across key categories. Insights and outlook on Fumed Silica market drivers, trends, and influencing factors are also included in the study.
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This report gives you access to decisive data such as:
• Demand of Fumed Silica Market & Growth drivers
• Factors limiting Fumed Silica market growth
• Current key trends of Fumed Silica Market
• Market Size of Fumed Silica and Fumed Silica Sales projections for the coming years
The report also offers key trends of Fumed Silica market and an in-depth analysis of how the projected growth factors will shape the Fumed Silica market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Fumed Silica Market that are developing the current market scenario and which will be lucrative for the future demand of Fumed Silica Market.
Crucial insights in Fumed Silica market research report:
• Underlying macro- and microeconomic factors impacting the Sales of Fumed Silica market.
• Basic overview of the Fumed Silica, including market definition, classification, and applications.
• Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend and supply side analysis of Fumed Silica across various industries.
• Important regions and countries offering lucrative opportunities to market stakeholders.
The Demand of Fumed Silica Market study includes the current market scenario on the global platform and also Sales of Fumed Silica Market development during the forecast period.
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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.
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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.
Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advances for cancer screening, mergers, and acquisitions.
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.
Browse More Reports by Fact.MR : -https://www.einpresswire.com/article/556506843/growing-of-polyurethane-structural-insulated-panels-is-projected-to-take-demand-growth-at-5-cagr-over-the-next-10-years
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