Fumed Silica is a specialty type of silica which consist of microscopic droplets of amorphous silica. Due to its unique particle characteristics and large surface area Fumed Silica is used in variety of applications such as paints, adhesives, coatings ,plastics, sealants, inks, toner, cosmetics, food additives, and deformers and others. Due to its wide scope of properties paints and coating industry is one of the major consumers of fumed silica. In paints and Coating Fumed Silica is used to control rheological characteristics, as anti-settling agent, as thixotroping agent and to prevent from rust and corrosion. Fumed silica is estimated to be the second largest product type of silica in terms value type. The global fumed silica market in 2010 was estimated to be of EUR 800 million in which the fumed silica used for paints and coating is one of the major contributor in terms of value. It is forecasted that the Fumed silica market
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Fumed Silica Market: Drivers & Restraints
The major factor driving the global fumed silica market is the exponential growth in application sectors such as paints and coating industry .The global paints and coating market is estimated to grow at CAGR of 5.5% in forecasted period of 2014 to 2020.It is also estimated that the Global paints and Coating industry will be of U.S. $176.5 BN.. The rise in demand of decorative articles, furniture and automotive are also expected to fuel the demand of application sector of fumed silica resulting in positive growth for fumed silica market.
On the other hand one of the major paints and coating industry market Europe was going through economic crisis which is expected to slow down the consumption of paints and coatings in the region. This might be a restraining factor in the Fumed Silica market because of dependency on the application sector. The growing popularity towards ecofriendly paints and stringent government regulation on paint composition might result restrain in the demand of fumed silica application sector such as paints and coatings.
Fumed Silica Market: Key Player
Some of the market participants in the specialty silica market are Evonik Industries AG, Akzo Nobel N.V., SOLVAY, Cabot Corporation, Wacker Chemie AG, Tokuyama Corporation DuPont, Bayer AG, PPG Industries Inc., Ceradyne Incorporated, DA NanoMaterials., Fuji Silysia Chemical Limited, Xinjiang TBEA Silicon Industry Co Ltd, Jilin Shuangji Chemical New Material Co Ltd, Zhejiang Wynca Chemical Industry Group Co Ltd .,Shandong Ruiyang Silicon Industry Technology Co Ltd, and others
Fumed Silica Market: Region Wise Outlook
Global fumed silica market in paints and coating is driven by factors such as urbanization, industrial growth and strong economic growth in developing economies. The Europe is estimated to be the largest producer of Fumed silica. The Asia pacific is projected to be second largest market for fumed silica, especially Countries like China and India. North America is also one of the major contributing market for the global fumed silica market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Fumed Silica Market: Segmentation
On the basis of type, the global specialty silica market is segmented into
- Hydrophilic fumed silica
- Hydrophobic fumed silica
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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