Personal care and pharmaceutical industries driving growth of
pyrogenic silica in the North
America. Europe is expected
to possess 19.4% market share for pyrogenic silica market in
2022.
NEWARK, Del., Oct. 7, 2022 /PRNewswire/ -- The global
pyrogenic silica market is anticipated to reach a valuation of
US$ 623.3 Mn by 2032, with sales
growing at a reasonable CAGR of 5.1% from 2022 to 2032. The target
market is likely to reach an estimated US$
379 Mn in 2022. The product has garnered usage in various
end-use industries. Mass application in the paints and coatings
industry the growth of pyrogenic silica over the forecast
period.
A special type of silica that contains microscopic droplets of
amorphous silica is categorized as pyrogenic silica. The product is
gaining large-scale usage in diverse industrial verticals due to
its distinctive particle features and large surface area. Pyrogenic
silica is finding applications in paints, adhesives, coatings,
plastics, sealants, inks, toners, cosmetics, food additives,
deformers, and others.
However, it is its mass application in the paints &
coatings sector that primarily propels the expansion of the target
market. In the paints & coatings sector, pyrogenic silica is
used to control the rheologic attributes; to act as an anti-setting
agent or as a thixotropy agent, or to protect from rust and
corrosion. In addition to this, the elevated demand for decorative
items, furniture, and automotive is also anticipated to spur the
demand for pyrogenic silica resulting in positive growth for the
target market.
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Pyrogenic silica acts as a universal thickening agent and an
anti-caking agent during the formulation of paints, adhesives, and
coatings. It is also used as an excipient in pharmaceutical
products.
In the upcoming years, the target market is expected to
experience a swell in demand from the personal care sector because
of its application in the production of toothpaste and creams. All
of these considerations have a positive impact on the target
market.
Other factors that supplement the global growth of the pyrogenic
silica market during the projected period are urbanization,
industrial growth, and accelerated economic growth in developing
economies.
"Rising application in end-use industries like
pharmaceutical, beauty & personal care, adhesives, and others
will supplement the global sales of the pyrogenic silica market
over the forecast period," says an FMI
analyst.
Key Takeaways:
- Rising demand for environmentally friendly paints stunts the
market growth.
- In 2022, the pyrogenic silica market in North America will account for 23.8% of the
market share.
- Europe will hold 19.4% of the
pyrogenic silica market share by the end of 2022.
- Hydrophilic pyrogenic silica segment will hold 55% of the
market share.
Competitive Landscape
Evonik Industries AG, Akzo Nobel N.V., SOLVAY, Cabot
Corporation, Wacker Chemie AG, Tokuyama Corporation, Bayer AG, PPG
Industries Inc., Fuji Silysia Chemical Limited, Jilin Shuangji
Chemical New Material Co Ltd, Zhejiang Wynca Chemical Industry
Group Co Ltd, Shandong Ruiyang Silicon Industry Technology Co.,
among others are some of the major players in the pyrogenic silica
market profiled in the full version of the report.
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Leading market players are concentrating on entering markets in
emerging economies to expand their manufacturing facilities. Some
of the other businesses in the market are keen on introducing and
developing new products for different end-user industries.
More Insights into Pyrogenic Silica Market Report
In its latest report, FMI offers an unbiased analysis of the
global pyrogenic silica market, providing historical data from 2016
to 2021 and forecast statistics for 2022 to 2032.
To understand the global market potential, growth, and scope,
the market is segmented on the basis of type (pyrogenic silica by
hydrophilic fumed silica, pyrogenic silica by hydrophobic fumed
silica), application (pyrogenic silica by paints, pyrogenic silica
by adhesives, pyrogenic silica by coatings, pyrogenic silica by
plastic, pyrogenic silica by toner, pyrogenic silica by cosmetics,
pyrogenic silica by food additives, pyrogenic silica by other), and
region.
According to the latest FMI reports, based on segmentation, the
hydrophilic pyrogenic silica segment is anticipated to dominate the
market. Owing to its excellent insulating properties at high
temperatures, the segment will hold about 55% of the overall market
share.
Based on region, the pyrogenic silica market in North America is projected to exhibit
substantial market growth due to advancing demand from the
pharmaceutical, personal care, and beauty industries. The target
market in this region will hold about 23.8% of the market share by
the end of 2022. Similarly, Europe's pyrogenic silica market, too, will
expand at a steady rate over the forecast period.
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic
Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative
Scenario
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