As stated in an extensive report, providing insights on Product, Application, and End-user; theGlobalFumed Silica Marketaccounted forUSD 1.2 Billionin 2021.
Fumed Silica is produced through flame pyrolysis of silicon tetrachloride, where silicon tetrachloride is reacted with oxygen at a high-temperature flame to create silica. It is utilized as a universal thickening agent and an anticaking agent while the formulation of sealants, paints, and coatings. Fumed Silica can be utilized as an excipient in pharmaceutical products.
The world painting and coating association summarized that, and the industry is growing its demand for Fumed Silica, as it enhances the effects of paints and coatings to meet customer demand. Fumed Silica as a sealant provides a thixotropic demeanor and provides sag-specific results for successful practical application. It even provides reinforcement and mechanic effects to sealants. These effects cannot be accomplished on any other basis, and therefore Fumed Silica has a benefit in the sealants market and enjoys supremacy. The growing construction industry throughout the globe is boosting the demand for paints and coating, in favor of delivering substantial growth for the Fumed Silica Market.
The impact of COVID-19 on Fumed Silica Market is disrupted the supply chain, which had delayed the market growth due to lack of raw materials and unavailability of a workforce. The market has been hindered owing to decreased material production, supply chain disruptions, and inhibited trade movements. The end-use enterprises, such as construction & construction, electrical & electronics, and automotive & transport, were affected by the pandemic.
Fumed Silica is utilized in various drug, capsule, & tablet formulations and in hair maintenance, skincare & oral care products to impart necessary effects. The growing population in combination with growing expenses on healthcare and beauty products will result in the strong development of Fumed Silica Market in the coming years. It enhances the flow effects of initiating materials needed for tablet & capsule manufacturing and supports in improving the tablet hardness.
Asia Pacific predicated to maintain the maximum share of the Fumed Silica Market during the forecast period. Moreover, the growing pharmaceuticals, beauty & personal care enterprise in complement to the construction sector will primarily drive the provincial Fumed Silica Market. The China construction industry is anticipated to display steady growth due to major prospective infrastructure development projects thereby augmenting the growth of Fumed Silica Market in this region. Furthermore, favorable government norms & policies and huge investments will propel the growth of the Indian construction industry in the coming years thus propelling the growth of the Fumed Silica Market in this region.
Some of the prominent players operating in the Global Fumed Silica MarketareDongyue 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..