Fumed silica also known as pyrogenic silica has steadily gained traction in the last century. Owing to its pyrogenic production processes, fumed silica possesses an array of fascinating properties which have found widespread utilization in industrial applications. The emergence of trends in drug manufacturing, in tandem with performance improvements in drugs and capsules will additionally spur sales of fumed silica.
Although fumed silica companies continue to find opportunities in paints & coatings, healthcare and personal care products, it is silicone rubber that will expand profit pools of fumed silica manufacturers. Fumed silica for silicones rubbers is well positioned to dominate the demand pie and will capture close to 2/5th demand share by 2029 reveals Fact.MR, in a recently published report on global fumed silica market. As per report, global fumed silica market is projected to grow at a steady CAGR of around 5% and is forecast to surpass US$ 1.8 Bn by 2029 end.
North America Dominates Demand, While China to Show Prolific Growth
In current scenario, North America holds around one-third of overall market share in global fumed silica market. Consumption of fumed silica in North America is backed mainly from mature end use market such as personal care, automotive and paint & coatings. However, China is forecast to be fastest growing among all other regions. As per Fact.MR analysis, China is estimated to hold more than one-third of the global market value share in 2029, growing at a CAGR of over 8%. Furthermore, demand for fumed silica from India is growing at a lucrative rate, attributed to growth of personal care, automotive and other sectors.
Following Questions Answers Covered in the Report are:
- How will the global Fumed Silica Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Fumed Silica Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Fumed Silica Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Fumed Silica Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of fumed silica along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the fumed silica, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in fumed silica market. Prominent companies operating in the global fumed silica market include Wacker Chemie AG, Tokuyama Corporation, Cabot Corporation, Evonik Industries, OCI Company Ltd, Kemitura A/S and Henan Xunyu Chemical Co. Ltd.
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