June 18, 2024

The Global Fumed Silica Industry Is Driven By Increasing Demand From Personal Care Products

Fumed silica, also known as pyrogenic silica, is an ultra-fine particles of colloidal SiO2 produced by the hydrolysis of volatile silanes, such as silicon tetrachloride, in a flame syngas reaction. Fumed silica has a highly porous, nonspherical morphology and exhibits a number of advantageous properties including high surface area, low bulk density, and chemical inertness. These characteristics make it an excellent reinforcing filler, thickening agent, bulking agent, and anti-caking agent for a wide range of applications. Fumed silica is commonly used as a reinforcing filler in silicone rubber, tire and rubber products to improve strength, wear resistance and tear resistance. It is also widely added to personal care products like skin creams, toothpastes and hair care products to offer properties like thickening, stabilization and ability to absorb oil. With an increasing consumer demand for naturally derived personal care items, the market for fumed silica has witnessed steady growth in recent years.

The global Fumed Silica Market is estimated to be valued at Us$ 5 Billion in 2023 and is expected to exhibit a CAGR Of 10% over the forecast period 2024 To 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the fumed silica market is the development of specialized grades. Manufacturers are focusing on modifications to fumed silica morphology and surface properties to cater to the specific requirements of end-use industries. For example, fumed silica grades are available with increased surface area and porosity for improving reinforcement in demanding rubber applications. Similarly, certain fumed silica possess surface-treated properties that boost compatibility in solvent-based formulations. Such product innovation and customization are expected to open up new growth prospects over the coming years.

 

Porter’s Analysis

Threat of new entrants: Low economies of scale and high capital requirements pose as barriers for new companies in the market.

Bargaining power of buyers: Buyers have moderate bargaining power due to the presence of many established players.

Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of raw materials.

Threat of new substitutes: Limited threat of substitution of fumed silica due to its unique properties.

Competitive rivalry: High as major players compete on the basis of product quality and pricing.

Key Takeaways

The Global Fumed Silica Market Demand is expected to witness high growth.

 

Regional analysis:

Asia Pacific accounted for over 60% of the global demand. China is the largest manufacturer and consumer of fumed silica globally. Countries like India and South Korea are also expected to witness strong growth during the forecast period owing to expansion of various end use industries.

Key players:

 

Key players operating in the fumed silica market are Evonik, Cabot Corporation, Wacker Chemie AG, Tokuyama Corporation, OCI Company, Orisil, Kemitura A/S, Wynca Group, Zhejiang FuShiTe Group, and Dongyue Group. Japanese players like Tokuyama Corporation and OCI Company have a strong presence across regions.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it