Fumed Silica Market growth drivers in 2019 & Challenges by 2025
Global Market Insights, Inc. has recently added a report on
Fumed Silica Market which
provides a succinct analysis of the market size, revenue forecast, and the
regional landscape of this industry. The report also highlights the major
challenges and current growth strategies adopted by the prominent companies
that are a part of the dynamic competitive spectrum of this business sphere.
Fumed silica market share is expected to
depict a major rise owing to extensive usage in various end-use industries.
Fumed silica provides superior performance and benefits for several industrial
applications including coatings, adhesives, food additives, defoamers,
cosmetics, and inks.
This product has become one of the most
vital and frequently used pharmaceutical excipients. Fumed silica helps in
improving the properties of several drugs and capsules along with enhancing
drug manufacturing techniques.
Listed below are some key factors expected
to impact fumed silica market outlook over the coming years:
• Focus
on improving drug production techniques
The popularity of pyrogenic silica as a
pharmaceutical excipient is increasing swiftly as it aids in enhancing drug
capabilities while maintaining reliability and cost-efficiency within the drug
production process. During capsule and tablet manufacturing, fumed silica
prevents irregular flow and maintains productivity and quality.
Pharmaceutical companies are investing a
massive amount in R&D activities to expand their production capacities and
meet consumer demand without comprising the quality. Hydrophobic silica segment is anticipated to witness over
5.5% CAGR between 2019-2025. Increased focus on enhancing drug manufacturing
techniques will bolster fumed silica market forecast.
• Growing
construction activities worldwide
Unsaturated polyester resins (UPRs) has
become one of the most important polymers and commonly used in the construction
sector. The product is mainly used for inducing viscosity adjustment and
thixotropic behavior and can be efficiently integrated into these resins by the
addition of pyrogenic silica.
These resins are extensively popular in
the building and construction segment and used in roofing tiles, pipes,
cladding panels, and bathroom furniture. Their potential for exterior use on
buildings provides numerous possibilities for a new and varied range of
composite building materials.
Adhesives & sealants segment is
expected to witness over 4.5% CAGR over the forecasted timeline. Growing
infrastructure spending in both developed and developing economies is expected
to boost the consumption of UPRs products, propelling fumed silica market size
in near future.
• Increased
demand for adhesives and sealants
Reports estimate that paints, coatings
& inks application segment is expected to consume over 50-kilo tons of
fumed silica by the end of 2025. The paint and coatings sector makes higher
utilization of this polymer as it is used to control the growth of corrosion
and rust. The strong growth is attributed to surge in the product deployment
for enhancement of thixotropic and rheological abilities within paints and
coatings.
In addition, fumed silica is also used in
several adhesive and sealant for improving rheological and reinforcement
properties. Fumed silica is a versatile product and efficient additive for
adhesives and sealants.
Growing consumption of adhesives &
sealants in construction for eliminating corrosion and provide tight bonds
between close-fitting surfaces, paired with evolution of automotive sector,
will certainly expand fumed silica industry size.
• Booming
food and beverage sector in North America
In terms of the regional landscape, North
America fumed silica market size will witness significant revenue growth over
the estimated timeline. Driven by the extensive developments prevalent across
the end-use segments such as pharma and food additives, fumed silica industry
share is likely to amass substantial gains in the years ahead.
Food and beverages segment is anticipated
to register around 3.5% CAGR over the projected timeframe, globally. U.S. will
account for a substantial share of fumed silica market due to higher
consumption of packaged food.
According to European Federation of
Pharmaceutical Industries and Associations, North America had registered
approximately half of global pharmaceutical sales in 2018. The numerous
benefits offered by fumed silica will accelerate its high adoption across
industries including additives and sealants, cosmetics, and pharmaceutical.
About Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
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Global Market Insights, Inc.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Fumed Silica Market growth drivers in 2019 & Challenges by 2025
Reviewed by snehal
on
October 23, 2019
Rating:
Reviewed by snehal
on
October 23, 2019
Rating:
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