Global Fumed Silica Market Projected to Augment at a Notable CAGR during the Forecast Period until 2028

Fact.MR Fact.MR

Evonik Industries AG, a German manufacturer of fumed silica, accounts for nearly one-third market share. Evonik is investing heavily in expanding its fumed silica capacities worldwide to establish a strong presence in the international markets. Evonik recently announced its plans to expand its fumed silica capacities in Antwerp, Belgium to be in line with its strategy to solidify its position in the European Fumed Silica Market. The company also revealed its plan to expand its hydrophobic fumed silica production in Rheinfelden, Germany by 20% in response to burgeoning demand for specialty silica varieties.

Request 100 Page Sample Report Now –

Evonik also announced that it has agreed to form a joint venture with a Chinese chemical company – the Wynca group; the new facility planned in China is projected to manufacture 8,000 metric tons of fumed silica annually.

Other leading manufacturers in the fumed silica market, such as Cabot Corp and Wacker Chemie AG collectively hold over 40% revenue share in the market. Captive consumption of fumed silica is likely to continue complementing the incremental growth of top manufacturers in the fumed silica market.

Fumed Silica Market Remains Highly Consolidated as Tier III Companies Hold Less Than 10% Market Share

Stringent regulatory framework, challenges associated with the availability of raw materials, and cyclic behavior of end-use industries present major barriers to entry for small and medium-scale businesses in the fumed silica market. Tier III manufacturers are facing major challenges at raw material procurement as leading firms are controlling supply chain operations in the fumed silica market.

Furthermore, ensuring product regulatory compliance results in additional manufacturing costs and delayed market entry, which is making it challenging for new entrants in the fumed silica market to maintain competitive prices. In addition, top players in the fumed silica market account for the largest market share through captive consumption of fumed silica. This is making fumed silica market highly concentrated among top market players and Tier III fumed silica companies account for less than 10% revenue share of the market.

Ongoing US-China Trade War Makes a Significant Impact on China’s Growth in the Fumed Silica Market

The full-blown trade war between the U.S. and China, the world’s two largest markets for fumed silica, is influencing the prospects of the global market for fumed silica as many industrial applications of fumed silica, including adhesives, bore a significant impact.

China’s retaliation to the U.S. plans to take the trade war to a fever pitch has resulted in Chinese government levying heavy tariffs on U.S.-made products, including adhesives, which is one of the most common applications of fumed silica. Additionally, U.S. tariffs on Chinese aluminum and steel products have facilitated a shift from metal to composite/plastic in motor vehicle manufacturing, which is making a huge, albeit indirect, impact on the demand for adhesives.

As the U.S. holds a substantial share in China’s imports of adhesives, the effect of potential tariff escalation on U.S. adhesives and sealants may impinge on the U.S. fumed silica market growth in the upcoming years.

FactMR’s study on Market is comprehensive – 170 pages, 21 tables, and 62 figures –

Growing Applications of Fumed Silica in Silicone Rubber Create Potential for Demand Upsurge

The silicone rubber industry is witnessing extensive growth as it finds versatile applications in various industrial sectors, such as sports, automotive, healthcare, and medical appliances. Manufacturers in the fumed silica market are aiming to capitalize on the increasing growth of the silicone rubber industry, by improving characteristics of silicone rubber, such as chemical inertness, purity, and high durability with the use of fumed silica.

By adopting advanced manufacturing technologies, players in the fumed silica market are exhibiting superior characteristics of fumed silica that can further enhance mechanical properties, tear resistance, and tensile strength of silicone rubber. Fumed silica market players are recognizing the growth potential of the silicone rubber industry and modifying their manufacturing strategies to capture lucrative sales opportunities in the coming future.

Market Players Focus on Capturing Untapped Opportunities in the Paints & Coatings Industry

Growing demand for decorative coatings and burgeoning construction activities worldwide are contributing to the incremental growth of the paints & coatings industry. Soaring popularity of fumed silica in the paints & coatings industry as an anti-setting and thixotropic agent to control rheological characteristics is creating new avenues of growth for fumed silica market players in the industry.

Leading manufacturers in the fumed silica market are modifying their manufacturing procedures and adopting advanced technologies to introduce fumed silica that can enhance the setting characteristics of pigments in paints & coatings. By adopting innovative manufacturing processes that can improve properties of fumed silica and improve the productivity of business, market leaders are aiming to capitalize of the rapidly-growing fumed silica market.

Competitive Landscape

The fumed silica market report covers profiles of key participants to cover important aspects of competitive environment in the fumed silica market. Thorough and insightful information about market players, including key financials, and product portfolio, along with information about new technologies adopted and new product launches by market players, is covered in the fumed silica market report.

Market players featured in the report include Cabot Corp, Evonik Industries AG, Wacker Chemie AG, DowDuPont Inc., Tokuyama Corporation, OCI Company Ltd., Orisil, Kemitura A/S, Chiefeng Shengsen Silicon Technology Development Co., Ltd, Gelest Inc., and Henan Xunyu Chemical Co., Ltd.

For Further Insights and Segment-Specific Information, Contact a Market Analyst at –

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Read Industry News at –

Matched content

Editor’s pick