Global fumed silica sales are likely to surpass 335,000 MT in 2018, up from 323,733 MT in 2017, according to a new Fact.MR study. Gains will be driven by sustained demand in end-use industries such as printing inks, paints, coatings, and adhesives.
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Increasing demand for water-based coatings and paints for industrial and architectural application continues to be a driver for the market. Fumed silica is used on a large scale in paints and coatings to prevent corrosion and rust. Moreover, demand for silicone rubber is increasing in the automotive sector to improve fuel efficiency, thereby, accelerating the growth of fumed silica market.
Manufacturers are introducing new manufacturing processes and technologies to reduce the production time and cost. For instance, Evonik’s new fumed silica manufacturing process, allow the coating and paint manufacturers to eliminate bead milling process. This results in reduced time, machine usage, and costs for end-use industry.
Hydrophobic Fumed Silica to Witness Significant Growth in the Fumed Silica Market
The demand for hydrophobic fumed silica is likely to grow at a significant rate in the future. Owing to the low cost and excellent properties, hydrophobic fumed silica is increasingly used across various industries. Hydrophobic fumed silica is finding large application in coatings, adhesives and sealants, greases, toners, and skin and personal care products.
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“The fumed silica market is likely to see the highest growth in the sales of hydrophobic fumed silica in the coming years. The hydrophobic fumed silica is anticipated to see a huge demand, particularly in coatings and in personal care products. The hydrophobic fumed silica is likely to exceed US$ 500 million by 2018 end,”- Senior Analyst at Fact.MR.
With the increasing demand of hydrophobic fumed silica in different industries, manufacturers are focusing on offering better products and also expanding their business. For example, Evonik Industries, one of the leading players in the fumed silica market is expanding its hydrophobic fumed silica capacities in Rheinfelden, Germany. Adding 20% additional capacity, the expansion will become operational by the end of 2020.
Fumed Silica to Find Largest Application in Silicone Rubber
Silicone rubber is used in various industries including construction, electronics, adhesives, and sealants. Hence, with the increasing production of silicone rubber, the demand for fumed silica is also rising. Moreover, silicone rubber is also finding large application in the automotive industry to enhance fuel efficiency and reduce emission.
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The new research report by Fact.MR analysis the overall growth of the fumed silica market for the forecast period 2018-2028. According to the report, the market is projected to reach 4.9% CAGR during 2018-2028.
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Get Free Sample Copy of Report Here : https://www.factmr.com/connectus/sample?flag=S&rep_id=2301
Increasing demand for water-based coatings and paints for industrial and architectural application continues to be a driver for the market. Fumed silica is used on a large scale in paints and coatings to prevent corrosion and rust. Moreover, demand for silicone rubber is increasing in the automotive sector to improve fuel efficiency, thereby, accelerating the growth of fumed silica market.
Manufacturers are introducing new manufacturing processes and technologies to reduce the production time and cost. For instance, Evonik’s new fumed silica manufacturing process, allow the coating and paint manufacturers to eliminate bead milling process. This results in reduced time, machine usage, and costs for end-use industry.
Hydrophobic Fumed Silica to Witness Significant Growth in the Fumed Silica Market
The demand for hydrophobic fumed silica is likely to grow at a significant rate in the future. Owing to the low cost and excellent properties, hydrophobic fumed silica is increasingly used across various industries. Hydrophobic fumed silica is finding large application in coatings, adhesives and sealants, greases, toners, and skin and personal care products.
View Full Report@:- https://www.factmr.com/report/2301/fumed-silica-market
“The fumed silica market is likely to see the highest growth in the sales of hydrophobic fumed silica in the coming years. The hydrophobic fumed silica is anticipated to see a huge demand, particularly in coatings and in personal care products. The hydrophobic fumed silica is likely to exceed US$ 500 million by 2018 end,”- Senior Analyst at Fact.MR.
With the increasing demand of hydrophobic fumed silica in different industries, manufacturers are focusing on offering better products and also expanding their business. For example, Evonik Industries, one of the leading players in the fumed silica market is expanding its hydrophobic fumed silica capacities in Rheinfelden, Germany. Adding 20% additional capacity, the expansion will become operational by the end of 2020.
Fumed Silica to Find Largest Application in Silicone Rubber
Silicone rubber is used in various industries including construction, electronics, adhesives, and sealants. Hence, with the increasing production of silicone rubber, the demand for fumed silica is also rising. Moreover, silicone rubber is also finding large application in the automotive industry to enhance fuel efficiency and reduce emission.
Request for the Customization of the report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=2301
The new research report by Fact.MR analysis the overall growth of the fumed silica market for the forecast period 2018-2028. According to the report, the market is projected to reach 4.9% CAGR during 2018-2028.
About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
For More Information Kindly Contact:
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Mail: sales@factmr.com
Read Blog: https://theheraldmedia.com/
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