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, 2023 - 2032

Industry Statistics

Fumed Silica Market size was valued at over USD 1.7 billion in 2022 and is projected to depict more than 5% CAGR from 2023-2032, driven by the positive outlook of the unsaturated polyester resin sector.
 

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Surging deployment of unsaturated polyester resin in the development of filled plastic and fiber reinforced plastics products, including gratings, sanitary-ware, pipes, tanks, and high-performance parts for the transportation and marine industry has added significant traction to the demand of fumed silica. Moreover, unsaturated polyester resins are also applicable in coatings and adhesives industry which is further boosting the adoption of fumed silica.
 

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 this industry in the ensuing years. Despite the upward trajectory, the increasing threats from substitutes, including precipitated silica and micro fibrillated cellulose will negatively impact the product demand to some extent.
 

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

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Based on product, fumed silica market value from the hydrophobic fumed silica segment is expected to strike over 5.5% CAGR over 2023-2032. Demand for hydrophobic fumed silica is substantially growing due to its rising adoption in coatings to resist water migration from film surfaces to the substrate below. 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 fumed silica 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 propel fumed silica demand in Europe

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Europe accounted for more than 20% share of the 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.
 

Technological advances led by key participants to influence industry outlook

Some of the major companies operating in the fumed silica industry include 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. 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 industry forecasts

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 market 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 influenced the product demand.
 

The fumed silica industry research report 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:

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