Fumed Silica Market is Forecasted to Reach US$ 1.78 Billion in 2028, Says Stratview Research

The global fumed silica market is projected to witness a growth rate of 5.2% annually from 2023 to 2028 with an anticipated size of US$ 1.78 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global fumed silica market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 1.78 billion
Growth (CAGR): 5.2% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Fumed Silica Market:

The global fumed silica market is segmented based on product type, application type, and region.

Based on product type - The market is segmented as hydrophilic and hydrophobic. The hydrophilic segment is estimated to account for the major share of the market. The growth of the segment is attributed to its wide range of applications during the forecast period. The main difference between these two products is their capability of combining with water. Among these two, hydrophilic fumed silica displays a strong affinity with water, whereas hydrophobic silica represents water-repellant features.

Based on application type - The market is segmented as pharmaceutical, beauty & personal care, silicone elastomers, paints, coatings & inks, UPR, adhesives & sealants, food & beverages, and others. Beauty & Personal Care and Pharmaceuticals are estimated to be the leading applications in the market. Fumed silica is utilized as an anti-blocking and thixotropic agent in various cosmetic products such as lipstick, foundations, skincare, and hair care., eventually fueling the growth of the cosmetics sector. On the other hand, fumed silica is the best fit for resolving issues such as compaction, weight variation, active or inactive ingredient segregation, tablet breakage, chipping, etc. faced by many pharmaceutical manufacturers.

To know the most attractive segments, click here:
https://stratviewresearch.com/1159/fumed-silica-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is estimated to be the leading region in the market during the forecast period. This growth outlook is majorly attributed to the following-

• In 2019, around 2/5ths of the global fumed silica production was consumed by Asia-Pacific.
• The growth is attributed to the presence of a large number of industries in the region. Factors such as Asia-Pacific's growing real estate sector are estimated to flourish and attract high consumer demand for paints & coatings, and China and India being the major consumers of unsaturated polyester resin in both global and regional sectors, which are expected to fuel the growth of the regional market over the forecast period.
• Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Fumed Silica Market Drivers:

Some of the key drivers listed in the report are given below.

• Growing requirements for technical progression and to achieve cost optimization in the pharmaceutical industry.
• An increase in demand for beauty & personal care products.
• Increasing uses of paints & coatings by automotive & construction industries.
• Favorable trends related to the building and construction sector.

Top Companies in the Fumed Silica Market:

Stratview Research has identified the following companies as the top market players.
• Cabot Corporation
• China-Henan Huamei Chemical Co., Ltd.
• Dongyue Group
• Evonik Industries AG
• Henan Xunyu Chemical Co., Ltd.
• Hubei Xingrui Silicon Materials Co., Ltd.
• Kemitura Group
• OCI Company Ltd.
• Tokuyama Corporation
• Wacker Chemie AG

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Fumed Silica Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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• Nano Silica Market: https://stratviewresearch.com/2502/Nano-Silica-Market.html
• Silica Flour Market: https://stratviewresearch.com/2436/Silica-Flour-Market.html

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This release was published on openPR.