The "APAC Fumed Silica Market Outlook 2025" report has been added to ResearchAndMarkets.com's offering.
Asia-Pacific Fumed Silica Market Analysis 2014-2025
In 2019, the Asia-Pacific fumed silica market accounted for a market value of around USD 400 million and is expected to grow at a CAGR of 6.71%, over the forecast period of 2021-2025.
Fumed silica acts as a universal thickening agent and thus, has various applications across chemicals, food & beverage, paints & coatings, pharmaceutical and other industries.
There is a huge growth in the demand for fumed silica from the paints, coatings and inks industry on the back of its growing applications. Fumed silica is majorly used for viscosity adjustments and inducing thixotropic behavior. Fumed silica market in India is anticipated to grow up to around USD 70 million by 2025. The growing production capacity of the major paint & coating producers across the country, such as Asia Paints, Berger Paints and others, drives the demand for fumed silica in the country.
The Asia-Pacific fumed silica market is segmented by application into pharmaceutical, beauty & personal care; silicone elastomer; paints, coatings & inks; UPR; adhesives & sealants; food & beverages, and others. Out of these, the paints, coatings & inks segment accounted for the market share of around 35% in 2019 and is estimated to grow up to around USD 200 million by 2025. Fumed silica is an efficient rheology and reinforcement control additive for silicone elastomers.
The adhesives & sealants segment's growth can be attributed to the growing demand for silicone rubber from tire production companies across the region. Fumed silica is used to reduce rolling resistance and wet traction of the rubber tires; this reduction in rolling resistance is estimated to boost the vehicle's fuel efficiency. Additionally, the growing demand for liquid silicone rubber, based on its unique properties such as chemical inertness and electrical resistance, is estimated to drive the demand for fumed silica across the industry.
However, threat from substitutes such as precipitated silica and growing popularity of eco-friendly products, are anticipated to hamper the growth of Asia-Pacific fumed silica market over the forecast period. The increasing popularity of eco-friendly paints and stringent government regulations for the paint composition is expected to affect the demand for fumed silica from the paints & coatings industry.
Some of the affluent industry leaders in the Asia-Pacific fumed silica market are Cabot Corporation, OCI Company Ltd., Evonik Industries AG, Tokuyama Corporation, Kemitura Group, Orisil, Hubei Xingfa Chemicals Group Co. Ltd, Henan Xunyu Chemical Co., Ltd, Wacker Chemie AG, and others.
Key Topics Covered:
2. Assumptions And Acronyms
3. Research Methodology
Market Size Estimation
4. Executive Summary - Asia Pacific Fumed Silica Market
5. Fumed Silica Industry Insights
5.1. Industry Ecosystem Analysis
5.2. Regulatory Landscape
5.3. Patent Analysis
5.4. Porter's Analysis
5.5. Pestel Analysis
5.6. Industry Mega Trends
5.7. Industry Impact Forces
5.8. Export Import Analysis
5.9. Price Trends
6. Asia Pacific Fumed Silica Market Outlook
6.1. Market Size And Forecast, 2014-2025
7. Competitive Structure
7.1. Market Share Analysis Of Major Players In Asia Pacific Fumed Silica Market
7.2. Company Profiles
OCI Company Ltd.
Evonik Industries AG
Hubei Xingfa Chemicals Group Co. Ltd
Henan Xunyu Chemical Co. Ltd
Wacker Chemie AG
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View source version on businesswire.com: https://www.businesswire.com/news/home/20210121005726/en/
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