Fumed Silica Market Size, By Product (Hydrophilic, Hydrophobic), By Application (Pharmaceutical, Beauty & Personal Care, Silicone Elastomers, Paints, Coatings & Inks, UPR, Adhesives & Sealants, Food & Beverages), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027

Industry Trends

Fumed Silica Market size was valued at USD 1,599 million in 2020 and will witness 5.4% CAGR from 2021 to 2027. Fumed silica is highly versatile and can be used in daily use products to industrial products.
 

Fumed silica or pyrogenic silica is a thickening agent produced by flamed hydrolysis method and is used in applications, ranging from additive compounds in various liquids, coatings, and solutions to anti-caking & thickening agents. The rising need to improve operational capabilities of various drugs & tablets and minimize the overall production costs involved in drug manufacturing will drive the fumed silica market growth.
 

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A positive outlook of the paints & coatings industry owing to the rising demand from the construction and automotive sectors will support the fumed silica market as it is used to improve the rheological, thixotropic, and anti-sagging properties of paints & coatings.

Due to the COVID-19 pandemic, the market revenue and volume are expected to decline in 2020; however, the drop is also expected to quickly recovery and showcase growth subsequently at a significant rate. China accounts for roughly over half of the world’s fumed silica market both in terms of production and consumption. Reliance on China has impacted the global supply chain as the coronavirus pandemic has affected logistics and production operations. Furthermore, factory closures and travel & trade restrictions expose a high risk of depending on a single location for essential and non-essential products.
 

Industries are also catching up with supply risks by concentrating their production activities in different geographic locations to minimize the risk associated with reliance on a single location. Fumed silica is a critical element used in the construction, pharmaceutical & cosmetics industries and the current pandemic scenario will negatively impact the fumed silica market share.
 

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Hydrophilic fumed silica to hold a dominant position

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In 2020, hydrophilic fumed silica held around 60% share due to its diverse range of applications. It is produced by hydrolyzing volatile chlorosilanes in an oxyhydrogen flame and can be completely soaked and dispersed in water. This silica has superior insulating properties at high temperatures. Hydrophilic fumed silica is suitable for usage in non-polar resin systems.
 

Additionally, it is preferred in formulations where shelf stability is not a major consideration. It is used in silicone reinforcing & thickening as a glidant for food & industrial powders and in the thickening of non-polar solvents such as xylene, mineral spirits, & styrene.
 

Pharmaceutical, beauty & personal care to lead the industry growth

The pharmaceutical, beauty & personal care segment will witness around 5.5% CAGR through 2027. The product is used in various drug, capsule, & tablet formulations and in hair care, skincare & oral care products to impart necessary properties. The rising population in combination with increasing expenditures on healthcare and beauty products will result in the strong growth of fumed silica market in the coming years. It improves the flow properties of starting materials required for tablet & capsule manufacturing and helps in increasing the tablet hardness.
 

Fumed silica is used in various cosmetics & personal care products to enhance rheology control and as an anti-settling, thickening, & anticaking agent. Favorable trends associated with the pharmaceutical and cosmetics industries will propel the fumed silica market growth.
 

Asia Pacific to be at the forefront in terms of consumption and production

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Asia Pacific held over 40% share in 2020 and is anticipated to grow at a significant rate during the forecast period. Growth is attributed to the increasing demand for the product from various emerging economies such as China, India, and Japan. Moreover, the swelling pharmaceuticals, beauty & personal care industry in addition to the construction sector will largely drive the regional fumed silica market value in the near term. The China construction sector is expected to exhibit steady growth owing to major future infrastructure development projects.
 

The construction sector in India, Indonesia, and Thailand is anticipated to grow at a rapid pace over the next few years. The Indonesian construction sector will witness growth trends due to soaring residential and commercial construction activities. Favorable government norms & policies and huge investments will propel the growth of the Indian construction sector in the coming years. These trends will generate a huge demand for paints, coatings, UPR, and adhesives & sealants, thereby bolstering the consumption of fumed silica over the next few years.
 

The Latin America fumed silica industry will witness steady growth and will be facilitated by the increasing demand for cosmetics & personal care products. The region shows significant growth potential, in terms of beauty products, owing to increasing disposable incomes and changing tendencies of consumers toward cosmetics. In addition, the popularity of homegrown beauty brands is increasing and giving stiff competition to large players in the market. Such conditions will lead to product differentiation & development, thereby increasing production output.
 

Increasing R&D investment is a major trend observed in the market

Manufacturers are increasing R&D investments to manifest the development of new production methods at a low cost. The major players operating in fumed silica industry includes Dongyue Group, Kemitura Group, Cabot Corporation, OCI Company Ltd., Evonik Industries AG, Tokuyama Corporation, Orisl, China-Henan Huamei Chemical Co., Ltd., Wacker Chemie AG, Henan Xunyu Chemical Co., Ltd., Cabot Sanmar Limited, and Hubei Xingrui Silicon Materials Co., Ltd.
 

The fumed silica market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2017 to 2027 for the following segments:

By Product

• Hydrophilic
• Hydrophobic

By Application

• Pharmaceutical, Beauty & Personal Care
• Silicone Elastomers
• Paints, Coatings & Inks
• UPR
• Adhesives & Sealants
• Food & Beverages
• Others

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait