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Global fumed silica sales are likely to surpass 335,000 metric tons in 2018

11/8/2018 - Rockville, MD - Global fumed silica sales are likely to surpass 335,000 metric tons in 2018, up from 323,733 metric tons in 2017, according to a new Fact.MR study. Gains will be driven by sustained demand in end-use industries such as printing inks, paints, coatings and adhesives. Increasing demand for water-based coatings and paints for industrial and architectural application continues to be a driver for the market. Fumed silica is used on a large scale in paints and coatings to prevent corrosion and rust. Moreover, demand for silicone rubber is increasing in the automotive sector to improve fuel efficiency, thereby accelerating the growth of the fumed silica market. Manufacturers are introducing new manufacturing processes and technologies to reduce the production time and cost. For instance, Evonik's new fumed silica manufacturing process allows coating and paint manufacturers to eliminate the bead milling process. This results in reduced time, machine usage and costs for the end-use industry. The demand for hydrophobic fumed silica is likely to grow at a significant rate in the future. Owing to the low cost and excellent properties, hydrophobic fumed silica is increasingly used across various industries. Hydrophobic fumed silica is finding large application in coatings, adhesives and sealants, greases, toners, and skin and personal care products. "The fumed silica market is likely to see the highest growth in the sales of hydrophobic fumed silica in the coming years. The hydrophobic fumed silica is anticipated to see a huge demand, particularly in coatings and in personal care products. The hydrophobic fumed silica is likely to exceed $500 million by 2018's end," according to a senior analyst at Fact.MR. With the increasing demand for hydrophobic fumed silica in different industries, manufacturers are focusing on offering better products and also expanding their business. For example, Evonik Industries, one of the leading players in the fumed silica market, is expanding its hydrophobic fumed silica capacities in Rheinfelden, Germany. Adding 20 percent additional capacity, the expansion will become operational by the end of 2020. Silicone rubber is used in various industries, including construction, electronics, adhesives and sealants. Hence, with the increasing production of silicone rubber, the demand for fumed silica is also rising. Moreover, silicone rubber is also finding large application in the automotive industry to enhance fuel efficiency and reduce emissions. Meanwhile, the automotive sector is also using liquid silicone rubber, particularly in windshield wiper blades to ensure flexibility and extend their life. With the increasing use of liquid silicone rubber in wearables and medical devices, manufacturers in the fumed silica market are focusing on designing high-structure and high-surface-area fumed silicone, especially for liquid silicone rubber. North America is projected to dominate the fumed silica market. With the presence of major manufacturers and the opening of new production facilities in the region, the fumed silica market is flourishing in North America. For instance, Cabot Corporation, a major manufacturer of fumed silica, has planned to build a new fumed silica plant in Carrollton. This new plant will enable the company to meet the growing demand for fumed silica in various industries. Meanwhile, the fumed silica market in China is also likely to see robust growth due to the rise in the application of paints and coatings.

Wednesday, November 14, 2018

Yokohama Rubber revises fiscal projections downward - click to expand

Cooper Tire names two to the board of directors - click to expand

Global release coatings market is forecast with a CAGR of 5.9 percent through 2022 - click to expand

Latexco US announces major western expansion - click to expand

Trinseo reports positive third quarter results - click to expand

Tuesday, November 13, 2018

International Rubber Conference 2019 to be held September 3-5, 2019, in London - click to expand

China imposes anti-dumping nitrile rubber tax on Japan and South Korea - click to expand

Toyoda Gosei invests in Hubei Rock Rubber and Seal Technology Co. - click to expand

Lexus ES to use Dunlop SP Sport Maxx line of tires as original equipment - click to expand

Global latex caulk market forecast to grow at a CAGR of 4.6 percent through 2026 - click to expand

Denka completes construction of Omi Innovation Hub in Japan - click to expand

Monday, November 12, 2018

Tingley Rubber Corporation wins NJ Family Business of the Year Award - click to expand

Global industrial rubber market to be valued at $167.9 billion by 2026 - click to expand

BKT to build tire manufacturing plant in the U.S. - click to expand

Apollo Tyres' chairman decorated with Japan's Order of the Rising Sun - click to expand

Vietnam's rubber export value stable despite decline in latex - click to expand

Friday, November 9, 2018

Global non-pneumatic tire market forecast to grow at a CAGR of 11 percent through 2024 - click to expand

Global tire manufacturers sign initiative to end global deforestation - click to expand

Book of the day - Rubber Molding Principles - click to expand

Nynas celebrates 90th anniversary - click to expand

Goodyear announces price increases up to 4 percent for commercial tires and retreads - click to expand

Thursday, November 8, 2018

Mitsubishi takes 20 percent stake in Toyo Tire & Rubber Co. - click to expand

Federal judge allows lawsuit against Denka-owned chemical plant to go forward - click to expand

Goodyear Auto Service and Just Tires offer free Checks for Vets - click to expand

Global fumed silica sales are likely to surpass 335,000 metric tons in 2018 - click to expand

Capricorn and Particon add €5 million to Black Bear’s growth financing round - click to expand

Wednesday, November 7, 2018

Wabash MPI/Carver inducted into Indiana Manufacturers Hall of Fame - click to expand

Monday, November 7, 2018

MonTech to speak at Michigan Rubber Group and Mid-Atlantic Rubber Group - click to expand

Market Reports

Global release coatings market is forecast with a CAGR of 5.9 percent through 2022 - click to expand

Global latex caulk market forecast to grow at a CAGR of 4.6 percent through 2026 - click to expand

Global industrial rubber market to be valued at $167.9 billion by 2026 - click to expand

Global non-pneumatic tire market forecast to grow at a CAGR of 11% through 2024 - click to expand

Global fumed silica sales are likely to surpass 335,000 MT in 2018 - click to expand

Global waterproof tape market forecast to reach $14 billion by 2024 - click to expand

Global rubber gloves market forecast to reach 4.9 billion by 2026 - click to expand

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