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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.

Friday, July 19, 2019

Goodyear to report second quarter results July 26 - click to expand

Continental wins design complaint against Heuver Bandengroothandel B.V. - click to expand

Tire Industry Association elects Mason Hess of Purcell Tire & Rubber as board secretary - click to expand

Global liquid silicone rubber market forecast to reach $3.83 billion by 2026 - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

PPG announces a $0.03 per share increase in the company’s dividend - click to expand

Thursday, July 18, 2019

Lubrizol Corporation announces acquisition of Bavaria Medizin Technologie GmbH - click to expand

Tire Industry Association appoints David Zielasko as vice president of marketing and communications - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

Continental begins construction of motorcycle tire factory in Thailand - click to expand

Maxxis to open distribution facility near Indianapolis, Indiana - click to expand

Wednesday, July 17, 2019

Career fair to be held during the Rubber Division's International Elastomer Conference - click to expand

Goodyear to invest $180 million in North Carolina tire plant - click to expand

Rep International names Jim Wirtz president - click to expand

NBR latex market size is forecast to exceed $2.4 billion by 2025 - click to expand

German RepRap launches 3D printing platform that can print liquid silicone rubber - click to expand

Wacker to showcase novel silicone laminate with electroactive properties at K2019 - click to expand

Tuesday, July 16, 2019

Toyo Tire to increase capacity at U.S. tire production facility in Bartow County, Georgia - click to expand

Nitrile butadiene rubber production in North America anticipated to reach 50,000 tons in 2023 - click to expand

Hillenbrand to acquire Milacron in cash-and-stock trade valued at $2 billion - click to expand

Goodyear declares quarterly dividend - click to expand

The International Rubber Study Group (IRSG) announces a call for rubber-related economic research papers - click to expand

Global green tire market forecast with a 20.63 percent CAGR through 2023 - click to expand

Monday, July 15, 2019

Goodyear sends silica science package to the International Space Station - click to expand

Wacker sets benchmarks in multimaterial printing and precision with ACEO technology - click to expand

GRI hires senior industry executive as head of global sales - click to expand

Tokai Carbon CB to increase prices in North America - click to expand

Bridgestone to launch new Blizzak studless winter tire - click to expand

Market Reports

Global farm tire market size is expected to reach $7.01 billion by 2025 - click to expand

Global silicone gel industry forecast at $2 billion by 2025 - click to expand

Asian and Pacific nitrile butadiene rubber market forecast at 820 thousand tons By 2023 - click to expand

Global liquid silicone rubber market is forecast to reach $3.83 Billion by 2026 - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

NBR Latex Market size is forecast to exceed $2.4 billion by 2025 - click to expand

Global green tire market forecast with a 20.63% CAGR through 2023 - click to expand

Nitrile Butadiene Rubber production in North America anticipated to teach 50 thousand tons in 2023 - click to expand

Global silicone solutions for leather & textiles market to expand to $760 million by 2025 - click to expand

Global isoprene market is expected to reach $3.97 billion by 2025 - click to expand

Global aircraft pressure-sensitive tape market forecast at $354 million by 2024 - click to expand

Shape memory polymer market forecast with at a CAGR of more than 25% through 2025. - click to expand

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