H1 2023: The prominent producers of Fumed Silica in H1 2023 were Evonik Industries AG, Zhejiang Sucon Silicone Co., Ltd, and Cabot Corporation. Although, Evonik Industries AG held the world’s largest Fumed Silica production capacity with its multiple sites located at USA, China, and Germany. Geographically, Asia Pacific region was leading in terms of consuming fumed silica. The prices of fumed silica increased in the first three months in the Asian nations. The price increase in the Asia Pacific region was as a result of high demand from downstream industries like cosmetic, electronics and paint manufacturing sectors, which produced the commodities at high rates. The overall market situation was optimistic, with a moderate supply and steady delivery of fumed silica to customers without any significant disruptions. Fumed Silica’s demand was strong in the coatings and cosmetic sectors for manufacturing purposes in the Chinese market till March 2023. After the end of March, fumed silica prices fell in the Chinese market accompanied with a poor buying segment by the downstream industries. On the other hand, Fumed silica prices fell in the US in H1 2023 as the demand from paint and cosmetic industries were sluggish. This resulted in excess of Fumed Silica availability in the market, resulting in the region’s suppliers to lower their quotes to increase the sales. Other factors like low transportation costs and low raw material prices of silane, also contributed to the constant decline in the prices during H1 2023 in the US.
The demand for Fumed Silica has grown exponentially to reach around 260 thousand tonnes in 2022, and it is expected to further grow at a CAGR of 4.51% till 2035.
Fumed silica is formed in a flame and consists of minute amorphous silica droplets that have fused into branched, chainlike, three-dimensional secondary particles. Using the pyrolysis process, which involves the reaction of silicon tetrachloride with oxygen in a flame, fumed silica is generated. Fumed Silica is also known as pyrogenic silica and often employed as a thickening agent. It functions as a desiccant just like silica and employed as an anti-caking agent in various chemicals. Due of its property to diffuse light, it is utilized in cosmetic items. In items like toothpaste, it serves as a mild abrasive. Other niche applications of Fumed silica include adhesives, paints, coatings, printing inks, polyester resins, silicon elastomers, adhesives, sealants, and vacuum insulated panels.
The primary driver of Fumed Silica global market is the growing demand of coatings, paints, and adhesives that utilize Fumed Silica as a feedstock. With rapid urbanization, the demand for vehicles and finished goods is set to rise, which is anticipated to propel the Fumed Silica demand in the forecast period. In 2022, approximately 25% of global Fumed Silica was utilized by Adhesives & Sealants and is anticipated to further expand in forecast period. The global Fumed Silica is expected reach approximately 470 thousand tonnes by 2035.
Based on demand across the globe, the North America reported to be the biggest consumer of Fumed Silica market. The growth of the global fumed silica market is anticipated to be strongly affected by the rising demand for paints and coatings, which is due to the expansion of the automotive and construction industries, making up the Fumed Silica demand in North America. This region consumed nearly 30% of the global Fumed Silica in 2022. Europe and Asia Pacific stand after North America in terms of consuming Fumed Silica. Based on production, Asia Pacific is the leading producing region of Fumed Silica market. Low cost of labor and abundance of raw material is lubricating the high production capacity of Fumed Silica in the Asia Pacific region.
Based on end-use, the global Fumed Silica market is segregated into Personal Care & Cosmetics, Food & Beverages, Paints, Coatings & Inks, Adhesives & Sealants, Synthetic Rubber, and Others. The Adhesives & Sealants is a huge consumer of the global Fumed Silica market. Fumed silica is used in the Adhesives and Sealants sector to boost viscosity, modify extrusion, and enhance anti-settling qualities during storage. Additionally, Paints, Coatings & Inks is another significant user of Fumed Silica and is projected to increase its consumption in the upcoming years.
Major players in the production of Global Fumed Silica are Evonik Industries AG, Zhejiang Sucon Silicone Co., Ltd., Cabot Corporation, OCI Company Ltd, Nippon Aerosil Co Ltd, Henan Xunyu Chemical, Tokuyama Corporation, Tata Chemicals Limited, Wacker Chemie AG, Chifeng Shengsen Silicon Technological Development Co., Ltd, Hubei Xingfa, and Chemplast Sanmar Limited.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2035
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Objective of the Study:
• To assess the demand-supply scenario of Fumed Silica which covers production, demand and supply of Fumed Silica market in the globe.
• To analyse and forecast the market size of Fumed Silica
• To classify and forecast Global Fumed Silica market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Fumed Silica market in the globe.
To extract data for Global Fumed Silica market, primary research surveys were conducted with Fumed Silica manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Fumed Silica market over the coming years.
ChemAnalyst calculated Fumed Silica demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce Fumed Silica. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Fumed Silica manufacturers and other stakeholders
• Organizations, forums and alliances related to Fumed Silica distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Fumed Silica s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Fumed Silica s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
260 thousand tonnes
Market size Volume by 2035
470 thousand tonnes
Growth Rate
CAGR of 4.51% from 2023 to 2035
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2035
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share
Segments covered
By End-Use: (Personal Care & Cosmetics, Food & Beverages, Paints, Coatings & Inks, Adhesives & Sealants, Synthetic Rubber, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Which region is leading as a consumer of the global Fumed Silica market?
Ans:
North America is the largest consumer of the global Fumed Silica.
Q2.
Which end-use industry is dominating the Global Fumed Silica market?
Ans:
The Adhesives & Sealants industry is dominating the Fumed Silica market with a market share of about 24% in 2022 and is anticipated to dominate the market in the forecast period.
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