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Fumed Silica Market Size
- Report ID: GMI4388
- Published Date: Nov 2022
- Report Format: PDF
Fumed Silica Market Size
Fumed Silica Market size valued at USD 1.9 billion in 2023 and is projected to depict more than 5.5% CAGR from 2024 to 2032, propelled by the increasing interest in beauty & personal care products will accelerate industry growth.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Fumed Silica Market Size in 2023: | USD 1.92 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5.5% |
| 2032 Value Projection: | USD 3.1 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 308 |
| Segments covered: | Product, Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Fumed Silica Market Scope
