Fumed Silica Market to Witness Significant Growth, Owing To Rise in Demand from Adhesive and Sealants Industry

Fumed Silica Market
Fumed Silica Market

Overview:

Fumed silica is a multifunctional additive, primarily used for strengthening and thickening adhesives and films. Its main functions are to increase the viscoelastic response of films, improve anti-settling properties, and enhance the strength of adhesives. Along with these, fumed silica can also be used to improve the physical properties of cured systems. This type of amorphous silicon dioxide is typically produced by flame pyrolysis. A high purity silane, such as tetraethyl ammonium hydroxide (TEAOH) or zinc dichloride (ZnCl2), is dissolved in water. When the aqueous solution is added to the reaction mixture, a gas-phase reaction occurs. As a result, a branched and chainlike secondary structure is formed.

Market Dynamics:

Rise in demand from adhesive and sealants industry is projected to fuel growth of the global Fumed Silica Market during the forecast period. Fume silica is utilized in this industry for increasing the viscosity of components, control extrusion properties during application, and to boost anti-settling properties during storage.

Thus, increasing growth of adhesive and sealants industry is in turn creating strong demand for fumed silica. For instance, in February 2020, Henkel Adhesives Technologies expanded its presence in India, with opening of new production facility in Kurkumbh, near Pune, with total investment of €50 Million.

The global Cling Film Market is anticipated to increase as a result of the expanding trend toward food-on-the-go goods. Cling film sales are increasing as a result of the expanding food industry and rising worldwide population.

The company focuses on catering the increasing demand for high-performance solutions in sealants and adhesives in Indian industries. However, development of biogenic fumed silica and precipitated silica as a substitute are the factors anticipated to hamper growth of the global Fumed Silica Market over the forecast period.

Impact of COVID-19:

The coronavirus outbreak adversely impacted the global fumed silica for market. Various industrial activities were disrupted during the COVID-19 pandemic. Due to restricted transportation, supply chains and distribution operations were disrupted among several industries including the one in discussion. This in turn impacted production and demand for fumed silica. Thus, the pandemic negatively impacted the global fumed silica for market. However, the market is likely to retain growth, as the pandemic situation goes back to normal across regions.

Key Takeaways:

· The global Fumed Silica Market to grow with a CAGR of XY% during the forecast period, owing to increasing growth of construction industry, especially in developing economies driving the demand for fumed silica.

· For instance, urbanization rate of China is one of the highest around the world. As per the American Institute of Architects (AIA) Shanghai data, China will have construction equivalent to 10 New York-sized cities by 2025.

· Asia Pacific among regions is anticipated to show robust growth in the global fumed silica for market during the forecast period. This is due to rise in population, rapid urbanization, high domestic demand, and easily available raw materials along with low cost of labor in the region.

· Key players functioning in the global Fumed Silica Market are Ab Rani Plast Oy, BASF SE, Achilles Corporation, Berry Global Inc., Trioplast Industries AB, CI Takiron, RKW Group, Exxon Mobil Corporation, RPC Group PLC, and Dow Inc.

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