Pune, India — 12/15/2017 — Fumed Silica consists of microscopic droplets of amorphous silica fused into branched, chainlike, three-dimensional secondary particles, which then agglomerate into tertiary particles. It is also known as pyrogenic Silica since it is produced in flame. The resulting powder so formed has an extremely low bulk density and high surface area. Its three-dimensional structure confer the material some important properties such as increased viscosity, thixotropic behavior when used as a thickener or reinforcing filler. Due to the unique particle characteristics exhibited by such type of silica, it is used in variety of applications such as paints, adhesives, coatings, plastics, sealants, inks, toner, cosmetics, food additives, and deformers, among others.
Growing construction activities and rapid urbanization around the world is the primary factor driving the Global Fumed Silica Market, wherein the applications of Fumed Silica are continuously increasing. Increasing standards of living and disposable income of people in developing countries facilitating them to invest in decorative and high end construction activities, which is expected to fuel the demand for Fumed Silica in making adhesives & sealants in coming years. The Global construction adhesives market is growing at CAGR of 5.5% to reach nearly USD 11 billion by the end of 2023, which is expected to fuel demand for the product during the review period. The pharmaceutical industry is steadily heading north with an increasing prevalence of disease around the world, which is projected to boost the growth of the market.
However, lack of awareness about the benefits of fumed silica, the introduction of biogenic Fumed Silica, growing popularity towards ecofriendly paints and stringent government regulation on paint composition are the major factors posing as a major bottlenecks in the growth trajectory of the Global Fumed Silica Market.
The major players operating in the fumed silica market are Wacker Chemie AG (Germany), Evonik Industries AG (Germany), Cabot Corporation (U.S.), Tokuyama Corporation (Japan), Kemitura A/S (Denmark), Cargill Inc. (U.S.), China Bluestar (Group) Co., Ltd. (China), Orisil (Ukraine), AGSCO Corp (U.S.), and Dongyue Group Ltd. (China), among others.
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Regionally, the Global Fumed Silica Market is divided into five key regions such as, Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America. Asia Pacific is growing at the highest CAGR owing to the presence of major end use industries in this region such as paints and coatings, building & construction. India, China, and, Japan are the leading regional market. The region accounts for nearly 38% share of the Global Fumed Silica Market. North America is holding a significant share of the global fumed silica market. The U.S is the largest market in this region on account of the growing demand for fumed silica by the reconstruction activities and the transportation sector. Europe is another substantial region in the Global Fumed Silica Market, wherein Germany, the U.K., France, and Italy are the major markets. This is attributed to the major end use industries such as automotive and construction. The growing demand for high end value addition products in housing, and commercial buildings in this region may drive the Global Fumed Silica Market. Apart from these three major regions in the Global Fumed Silica Market, the Middle East & Africa is growing at a considerable CAGR during the forecast period. The region exhibit considerable growth potential for Fumed Silica Market on account of increasing building & construction activities in this region. Lastly, Latin America is anticipated to join hand with the leading end use industries in coming years due to pacifying economic and political scenario in Brazil and Colombia.
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Geographically, the Global Fumed Silica Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest and the fastest growing region owing to the increasing demand for the product from construction, automotive, and pharmaceuticals industry in this region. India, China, and Japan are the major contributors to the regional market. North America is the second most significant region in the Global Fumed Silica Market, wherein, the U.S. is the major market due to the presence of well-established end use industries such as aerospace & defense, along with an automotive and chemical industry. Europe is a substantial region in the Global Fumed Silica Market. The major markets in this region are U.K., Germany, Italy, France and Switzerland. The demand for fumed silica is growing in the automotive and chemical industry in this region. The Middle East & Africa is holding relatively lesser share in the market, as of 2016. In the coming years, the region is anticipated to grow at a significant CAGR on account of emerging construction industry and huge investment potential of the region. The region is anticipated to hold a considerable share in the Global Fumed Silica Market during the forecast period. Latin America is witnessing a steady rise in industrialization with pacifying political and economic scenario in Brazil and Colombia to join hands with leading regions in near future.
Key Points from Table of Contents:
12. Company Profiles
12.1 Wacker Chemie AG
12.1.1 Company Overview
12.1.2 Type/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 Evonik Industries AG
12.2.1 Company Overview
12.2.2 Type/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 Cabot Corporation
12.3.1 Company Overview
12.3.2 Type/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Tokuyama Corporation
12.4.1 Company Overview
12.4.2 Type/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
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