Fumed Silica Market - By Product (Hydrophilic, Hydrophobic), By Application (Pharmaceutical, Beauty & Personal Care, Silicone Elastomers, Paints, Coatings & Inks, UPR, Adhesives & Sealants, Food & Beverages), By Region & Global Forecast, 2023 - 2032

IIndustry Stastatics

Fumed Silica Market size valued at USD 1.7 billion in 2022 and is projected to depict more than 5% CAGR from 2023 to 2032, propelled by the increasing interest in beauty & personal care products will accelerate industry growth.
 

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Surging deployment of unsaturated polymer resin in the production of filled plastic & fiber reinforced plastic products, such as pipes, tanks, sanitary ware, gratings, etc. Further, escalating demand for high-performance parts for the transportation & marine industries is presenting lucrative opportunities to the fumed silica market.
 

The transportation industry is slated to observe an optimistic future outlook with a healthy growth rate. Fueled by various trends such as technology enhancement, increasing fuel efficiency, electrification of vehicles, clean energy investments, and transportation efficiency, among others, are expected to drive the automotive industry’s revenue to cross USD 6.5 trillion by 2030. In addition, the growing adoption of fumed silica in the coatings & adhesives industry will also substantially contribute to the market expansion.
 

On the other hand, the spike in the demand for beauty & personal care products such as makeup and face creams, sunscreen lotions, dental powders, and hair care products that utilize fumed silica, will amplify revenue influx for fumed silica market.
 

Increasing demand for water-resistant coatings to promote the use of hydrophobic fumed silica

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The Hydrophobic segment is anticipated to register at a 5.5% CAGR up to 2032. On account of the growing preference for various coating properties, such as anti-fouling, self-cleaning, anti-icing/wetting, anti-microbial, and anti-corrosion, among others.This is mainly because it prevents sag and run-off of paints when applied on vertical surfaces. The product also helps minimize the risk of corrosion and rust associated with paints & coatings.  Growing need for improving flow characteristics will further support the adoption of hydrophobic fumed silica in inks.
 

Rising requirement for drug formulation to boost product adoption in pharmaceutical, beauty & personal care applications

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Fumed silica market size from the pharmaceutical, beauty & personal care application segment is projected to reach over 890 million by 2032.  The growth can be attributed to the increasing use of fumed silica in several drug, capsule, and tablet formulations to offer superior properties, including versatility, and achieve various important functions. Due to its high purity and large surface area, fumed silica records significant adoption in hair care, skincare & oral care products.
 

Growing consumption of silicone elastomers to foster fumed silica demand in Europe

Europe accounted for more than 20% share of the global fumed silica market and held a valuation of over 350 million in 2022. The growth can be attributed to the growing adoption of fumed silica as a performance booster in silicone elastomers. The regional demand for fumed silica is expected to pick momentum with the emerging trend of silicone elastomers and their thriving adoption in the automotive, consumer goods, and electronics sectors. The European Commission has been making significant investments in the semiconductor industry to improve its market share from 8% to 30% by 2030 in the global market.
 

Technological advances led by key participants to influence industry outlook

Evonik Industries AG, Wacker Chemie AG, Cabot Corporation, Tokuyama Corporation, OCI Company Ltd., Kemitura A/S, Orisil, Henan Xunyu Chemical Co., Ltd., Dongyue Group, Hubei Xingrui Silicon Materials Co., Ltd., China-Henan Huamei Chemical Co., Ltd., and Cabot Sanmar Limited are some of the major companies operating in the global market. These business participants are essaying strategic initiatives and bringing advancements in production processes to reinforce their foothold across the industry.
 

Impact of the COVID-19 crisis on fumed silica market outlook

The COVID-19 pandemic posed serious repercussions on the global economy as it had significant effects on various industrial sectors. The market demand for fumed silica significantly plummeted in sealants, coatings, and adhesives with hampered manufacturing activities due to the initiation of the lockdowns and social distancing regulations.
 

However, the fumed silica industry witnessed considerable expansion as a result of the rapid advances in the pharmaceutical industry to curb to spread of the infection. The increasing use of insulation materials to limit exposure of the product to temperature fluctuations also positively influenced product demand.
 

This market research report on fumed silica includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2018 to 2032 for the following segments:

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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:

• 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