Fumed Silica Market 2019 | Technology, Applications, Growth and Region Forecast 2023

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Fumed Silica Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Fumed Silica Market Research Report- Forecast to
2023
Fumed Silica Market - Overview
Market Research Future has reported that the
Global Fumed Silica Market is expected to witness
higher than average growth at a CAGR of 7.80
during the forecast period from 2017 to 2023. The
Fumed Silica Market generated a value of USD 989
Mn in 2016, and at its projected CAGR the market
is poised to reach an estimated value of USD 1662
Mn by the end of 2023. Applications of Fumed
Silica include, but are not limited to, use as a
thickening agent, an anti-caking agent in
free-flowing powders, as a desiccant, as a light
diffuser in cosmetics, as a light abrasive, and
several others. Many end-use industries use Fumed
Silica for its various properties, the growth of
associated industries in a rapidly growing
economic scenario has significantly improved the
demand for Fumed Silica. Emerging economies of
the globe are being recognized as a prime market
with expansion opportunities due to rising
disposable incomes as well as the presence of
significant manufacturing sectors in these
countries. The major scope of application for
Fumed Silica is primarily in adhesives sealants
and paint coatings for automotive and
construction sectors. Growing construction
activities in emerging markets as well as for
upkeep of existing infrastructure in developed
markets are expected to lead to an increased
demand for fumed silica. Moreover, the material
is highly affordable making it a common and
popular choice. The pharmaceutical industry is an
up and coming sector for the sales of Fumed
Silica as healthcare investments rise
worldwide. However, demand for Bio-Based Fumed
Silica is growing, and the development of this
alternative is expected to challenge the growth
of the market over the coming years.
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Fumed Silica Market Research Report- Forecast to
2023
Segmental Analysis
MRFRs analysis of the Fumed Silica
Market segments it on the basis of Type,
Application and Region. Types of fumed silica
have been broadly segmented into hydrophilic
fumed silica, and hydrophobic Fumed
Silica. Applications of Fumed Silica have been
segmented into silicon rubber, adhesives
sealants, paints coatings, pharmaceuticals,
cosmetics, battery gel, UPS, and others. Among
these, the paint coatings industry was observed
to have captured a market share of more than 30
of the total market. The pharmaceutical sector is
anticipated to witness highly promising growth
over the forecast period due to growing
applications as healthcare investments are
growing. Global analysis of the market has
segmented the market into key regions which
include North America, Latin America, Europe, the
Middle East Africa, and the Asia Pacific. View
Full Press Release _at_ https//www.marketresearchfut
ure.com/reports/fumed-silica-market-4542
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Fumed Silica Market Research Report- Forecast to
2023
Regional Outlook
The Asia Pacific secured the largest share of
the market of over 35 in 2016. Country-level
markets such as China have established themselves
in a leadership position in the APAC Fumed Silica
Market. Rapidly growing economies with
significant growth in industries such as
automotive, construction, paint coatings and
healthcare. The APAC has a significant paint
coatings market which drives the Fumed Silica
Market in the region. Increased demand for
products and services from these industries has
resulted in rising demand for Fumed Silica. The
APAC region has additionally established itself
as a manufacturing hub and has attracted the
attention of international players who recognize
the potential the regional market
represents. North America follows the APAC Fumed
Silica Market in terms of size which covers
roughly a fourth of the global market. Europe
represents the third largest share, with Russia
representing the fastest growing country-level
market in the region. The Middle East Africa is
also a growing regional market due to the
presence of rapidly emerging economies such as
U.A.E Saudi Arabia.
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Fumed Silica Market Research Report- Forecast to
2023
Major Players in this Research

• Fumed Silica Market Prominent Players
• Evonik Industries AG (Germany)
• Wacker Chemie AG (Germany)
• Cabot Corporation (U.S.)
• Tokuyama Corporation(Japan)
• PPG Industrie, Inc (U.S.)
• 3M(U.S.)
• Dalian Fuchang Chemical Co., Ltd(China)
• Kemitura
• Dongyue Group Ltd. (China)
• Power Chemical Corporation Ltd (UK)

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