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Fumed Silica Market Size, Share, Trends, Growth, Report & Industry Analysis 2023

Nov 21, 2023

According to the new market research report " Fumed Silica Market by Type, Component, Application, Location and Region – Global Forecast to 2028", published by IMARC Group, the market is projected to reach US$ 35.4 Billion by 2028, exhibiting at a CAGR of 6.69% during 2023-2028.

Fumed silica is derived through the vaporization of silicon tetrachloride or silicon dioxide vapor at high temperatures, followed by condensation. Its main function is to enhance viscosity, thixotropy, and sag resistance in various formulations. This versatile substance prevents the settling or separation of solid particles in suspensions, ensuring stability in coatings, adhesives, and similar viscous materials. Furthermore, it greatly improves mechanical properties like tensile strength, tear resistance, and dimensional stability. By enhancing flow properties and processability, fumed silica serves as a valuable rheology modifier or thickening agent in liquid systems.

The global fumed silica market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028

The global market is witnessing a significant surge in the utilization of fumed silica across various industries. In the food and beverage (F&B) sector, fumed silica plays a crucial role as a thickener or stabilizer, ensuring the desired texture and stability of powdered food products. This trend is contributing to the overall market expansion worldwide. Similarly, the chemical industry is increasingly embracing fumed silica as a catalyst support, enabling enhanced reaction rates and effective absorption of impurities. This favorable characteristic is driving the market growth in the chemical sector.

Moreover, the manufacturing of silicone elastomers is benefitting from the growing use of fumed silica as a reinforcing agent. By incorporating fumed silica, these elastomers exhibit improved toughness, hardness, tensile strength, as well as enhanced resistance against tear and abrasion. This positive impact on product performance is a key factor influencing the market in a favorable manner.

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