Market Leader - Fumed Silica Market
The global fumed silica market was USD 1.3 billion in 2021 and is projected to reach USD 1.6 billion by 2026, at a CAGR of 5.1% during the forecast period. Fumed silica consists of microscopic droplets of amorphous silica fused into branched, chainlike, three-dimensional secondary particles, which agglomerate into tertiary particles. The resulting powder has an extremely low bulk density and high surface area. Its three-dimensional structure results in increased viscosity and thixotropic behavior when used as a thickener or reinforcing filler. It is of two types: hydrophobic and hydrophilic. Fumed silica is widely used and preferred for application in paints and coatings, cosmetics and personal care products, adhesives and sealants, printing inks, amongst others
The fumed silica market has thousands of companies that thrive in their domestic market. A few of the major players are, Evonik Industries (Germany), Cabot Corporation (US), Wacker Chemie AG (Germany), Tokuyama Corporation (Japan), and Applied Material Solutions Inc. (US), among others. These players have adopted various growth strategies, such as mergers & acquisitions, and agreements, to increase their market shares and enhance their product portfolios.
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New product launches and Investments & expansions accounted for the largest share of all the strategic developments that took place in the fumed silica market between 2015 and 2021. Key players such as Evonik Industries, Cabot Corporation and Wacker Chemie AG adopted these strategies to enhance their business, market presence, and meet consumer demand.
Evonik Industries is one of the leading players in specialty chemicals and a dominant manufacturer of fumed silica. The company operates globally through five business segments: Nutrition & care, smart materials, specialty additives, performance materials, and service segment. Evonik offers fumed silica through its smart materials business segment. The company offers fumed silica products under the brand name—AEROSIL. The products under this brand serve various end-use industries, such as paints, coatings, modern adhesive systems, transparent silicones, and non-combustible high-performance insulating materials. Evonik Industries has a global presence with an operating base situated in Germany. The company is active in over 100 countries globally with a production base in 27 countries and an R&D facility in 37 locations.
Wacker Chemie AG is one of the leading manufacturers of specialty silica that operates through five major business segments: silicones, polymers, polysilicon, biosolutions, and others. The company offers fumed silica products through the silicones segment under the brand HDK. Under this brand, Wacker Chemie AG manufactures both hydrophobic and hydrophilic fumed silica. These products can be used in accumulators, composites, printing inks, developers, paints, joint fillers, animal feeds, insulating gels, and many more. Wacker Chemie AG has experience of more 100 years, along with a base of 52 sales offices in 32 countries globally. It has 26 production capacities located in 11 countries across the globe.
Related Reports:
Fumed Silica Market by Type (Hydrophilic and Hydrophobic), Application (Silicone Elastomers, Paints, Coatings & Inks, Adhesives & Sealants, UPR & Composites), End-Use Industry, and Region - Global Forecast to 2026
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