Global Fumed Silica Demand is Expected to witness a steady growth
on account of its increasing usage as a thickening agent and anticaking agent.
Cosmetics and paint & coating is expected to drive the overall market in
near future. Fumed silica is an inorganic compound and consists of microscopic
droplets of amorphous silica. They exhibit strong thickening effect. The fumed
silica particles are non-porous and have high surface area with high density.
Fumed silica is produced through flame pyrolysis of quartz sand or
silicon tetrachloride. These materials are vaporised in an electric furnace at
a temperature of 3000 degree Celsius. Usage of fumed silica as a universal
thickening agent is a major application driving the overall demand. This
compound is used in the manufacturing of desiccant which is widely used to keep
the surrounding dry. Further, its application in cosmetics due to its light
diffusing properties has been driving the market demand in recent years. There
has been a significant increase in cosmetics and personal health care products
on account of increasing life style and expansion of the retail sector.
Usage of fumed silica in toothpaste as a light abrasive is
expected to provide great opportunities for the market growth in near future.
Toothpaste is an essential commodity in the retail sector and is globally
consumed. Similarly, use of these compounds in the manufacturing of paints,
coatings, inks, and adhesives provide lucrative opportunities for overall
market growth. They are mostly used in paints for viscosity adjustments and
also as filler in silicone elastomers. Government regulations and safety
related to this organic compound offers a major challenge for the overall
industry growth. Fumed silica is not categorised as a carcinogen either by
OSHA, IARC or NTP. However, regulatory bodies have set standards for best
industry practices. Fumed silica offers inhalation risk as they are easily
airborne on account of its fineness and thinness.
Market segmentation is done on the basis of application which
includes cosmetics, toothpastes, paints and coatings. Cosmetics account for
maximum segment share owing to its excellent anticaking agents in powders.
Segmentation demand is followed by toothpaste owing to its thickening
properties. Paint and coatings is expected to provide great opportunities owing
to the rise of paint consumption especially from the automotive sector.
Asia Pacific has been the leading market in recent years in terms
of demand and is expected to continue its increasing application in toothpaste
production. China has shown substantial production and consumption of fumed
silica for the purpose of thickening paints, adhesives and coatings. Emerging
economies such as India and China are expected to witness a significant growth
on account of high investment in in-organic chemical manufacturing. Further,
regional demand is followed by North America mainly on account of increasing
use of cosmetics. Development of new cosmetic and personal healthcare products
has fuelled the demand in developed economy such as the US.
Europe is expected to show a steady growth over the forecast
period with increasing demand on account of cosmetic applications. South
America and Africa is expected to witness a stagnant growth owing to the slow
growth of overall development of application industries. Major players
manufacturing fumed silica are Cabot Corporation, Evonik, Wacker Chemie, Dow
Corning, Tokuyama Corporation and OCI. Companies are focussing on research and
development in order to find out new applications for fumed silica. This is
expected to diversify the application portfolio and therefore propelling the
demand in near future.
Get
a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/fumed-silica-market/request-sample

Comments
Post a Comment