The Global Fumed Silica Market is expected to exceed more than US$ 2.0 Billion by 2024 at a CAGR of 7.0% in the given forecast period.
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Fumed silica is made in a fire on account of which similarly it is known as pyrogenic silica. It is a specialty kind of silica which contains modest globules of vague silica. As a result of its rheological properties and thixotropic practices, paint and covering industry essentially uses pyrogenic silica to turn away rust and disintegration. The excellent particle size and characteristics of Fumed Silica influences it to proper in a considerable number of applications, for instance, concretes, coatings, sealants, inks, toner, cosmetics, sustenance included substances, and deformers, among others.
The scope of the report includes a detailed study of global and regional markets on Fumed Silica Market with the reasons given for variations in the growth of the industry in certain regions.
The Global Fumed Silica Market is segmented on the Basis of Type Analysis, Application Analysis and Regional Analysis.By Type Analysis this market is segmented on the basis of Hydrophilic fumed silica and Hydrophobic fumed silica. ByApplication Analysis this market is segmented on the basis of Paint and coating, Adhesive and sealants, Silicon rubber, Pharmaceutical, Cosmetics, Battery gel, Unsaturated Polyester Resin and Others. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report Wacker Chemie AG (Germany), Evonik Industries AG (Germany), Tokuyama Corporation(Japan), Power Chemical Corporation Ltd (UK), PPG Industrie, Inc. (U.S.), 3M(U.S.), Dalian Fuchang Chemical Co., Ltd(China), Kemitura, Dongyue Group Ltd. (China), and Cabot Corporation (U.S.).Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
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The major driving factors of Global Fumed Silica Market are as follows:
- Uplifting its usage in different applications on a large scale
- It is used in tablet formation in pharmaceuticals production
- Healthcare expenditure is increasing
- Major end user industries are gaining momentum due to cost effective nature of fumed silica over precipitated silica
The restraining factors of Global Fumed Silica Market are as follows:
- Launch of biogenic fumed silica
- Stringent government regulations
- Threat of New Entrants
- Growing prevalence of the eco-friendly paints
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