Colloidal Silica Market to Experience Robust Demand from Electronics, Textile and Construction Industry till 2022

Posted on 2019-10-09 by researchinsights in Chemicals // 0 Comments

09^th Oct 2019 – The global Colloidal Silica Market is anticipated to grow at a significant CAGR of 5.8% during the forecast period. Colloidal silica finds various application in the fabrication and electronics industry such as semiconductor wafer polishing, casting and others. Basically, it is a constant diffusion of solid silica particles.

Commercially, it is used to polish metals, alloys, ceramics, minerals and composites. It is also used in diamond polishing. Colloidal silica comprises fine particles of silica that remain suspended in liquid for a long period of time. The particles become amorphous in nature having a negative electrical charge. These particles are insoluble in the distilled water as pH is the main factor to influence the stability of colloidal silica.

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Colloidal silica market is driven by extensive demand in the paper & pulp manufacturing industry. In addition, the rise in use of colloidal silica is preferably used in steel and alloy manufacturing sector. Constant product developments and benefits offered have been a major driving factor in the growth of the market. However, certain disadvantages are led by colloidal silica when used with water since it slows down the drying speed; this acts as a market restraint.

By product, market is segmented as acidic, alkaline and neutral. End-user segmentation for colloidal silica industry is segmented as metals & metallurgy, pulp & paper, chemicals, building & construction and paints & coatings. Application segment for the market comprises catalysts, investment casting, refractories, textiles & fabrics, paints & coatings and polishing.

Key Vendors

ADEKA
AkzoNobel
Chemiewerk Bad Koestritz
Evonik
Fuso Chemical
Haiyang
Hubei Yulong
Klebosol/Merck Group
Makall Group
Nalco
Nissan Chemical
Nyacol Nano Technologies
Remet
Sanbang Silicon

Key Applications

Beverage
Catalysts
Coatings
Construction
Electronics
Precision Investment Casting
Textiles & Fabrics

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Geographical segmentation for market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are more likely to dominate the market growth attributed to the rise in automotive industry followed by increase in construction & infrastructure. Moreover, investor spending on infrastructure automatically triggers the market growth during the forecast period.

North America accounted for a higher market share during the forecast period due to rise in rubber tire industry and significant growth in automotive demand. Urbanization and growing population is contributing more to the construction sector in South America. Middle East and African regions are likely to witness an upsurge in international market owing to presence of raw materials and crafting industry with significant demand for silica.

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