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Global fumed silica market to surpass $1.8 billion by 2029

  2/14/2020 - Pune, India - Fumed silica, also known as pyrogenic silica, has steadily gained traction in the last century. Owing to its pyrogenic production processes, fumed silica possesses an array of fascinating properties which have found widespread utilization in industrial applications. The emergence of trends in drug manufacturing, in tandem with performance improvements in drugs and capsules, will additionally spur sales of fumed silica. Although fumed silica companies continue to find opportunities in paints and coatings, healthcare and personal care products, it is silicone rubber that will expand profit pools of fumed silica manufacturers. Fumed silica for silicone rubbers is well positioned to dominate the demand pie and will capture close to 2/5th demand share by 2029, reveals a recently published report on the global fumed silica market. The global fumed silica market is projected to grow at a steady CAGR of around 5 percent, and is forecast to surpass $1.8 billion by 2029, according to FactMR. The global fumed silica market is anticipated to create a value opportunity of around $9 billion during the forecast period, adding 1.6 times more value in 2029 as compared to 2019. Increasing demand for architectural coatings, followed by OEM coating applications, is expected to drive the hydrophobic fumed silica sales in the coming years. Despite losing slight market share by 2029, silicone rubbers have continued their dominance throughout the forecast period; however, paints and coatings and unsaturated polyester resins have been growing at a faster CAGR. North America accounts for largest market share in global fumed silica market on the backdrop of remarkable development in regional rubber, paint and coating industries. China is showcasing the highest penetrative reach in new markets and accounts for around one third share of overall sales in the global fumed silica market. The global fumed silica market is highly consolidated in nature, with Evonik Industries accounting for a 35-40 percent share in the global fumed silica market in 2019. “(The) shift of fumed silica manufacturers towards greener production processes has been a key market trend. Thus, rapid adoption of sustainable and eco-friendly fumed silica products is foreseen to give impetus to growth of the fumed silica market,” says a report analyst. The fumed silica market is highly consolidated in nature, where top players account for a significant share in the overall supply of fumed silica across the globe. The global market is characterized by the presence of relatively few manufacturers and numerous end users. This disparity between the number of end users and producers tends to tilt the balance in favor of the latter. Thus, key stakeholders emphasize overseas business development and sales apart from the domestic market to get higher cuts in cost margins. Furthermore, strategic collaborations and long term raw materials supply agreements have also been prime focuses of key players.

Wednesday, June 3, 2020

Rubber Division, ACS, announces June course and webinar schedule - click to expand

Arkema finalizes divestment of Functional Polyolefins business - click to expand

Engel and Hack Formenbau collaborate against COVID-19 - click to expand

Global automotive tire market forecast with a CAGR of 4.1 percent through 2027 - click to expand

PolymaxTPE announces laboratory line expansion - click to expand

Tuesday, June 2, 2020

GRI puts safety at the fore in Sri Lanka production plants - click to expand

Pirelli introduces Cinturato P7 tire with intelligent compound - click to expand

European all season tire market forecast with a CAGR of 9 percent through 2024 - click to expand

Cooper Tire to restart production at El Salto, Mexico, tire manufacturing facility - click to expand

JK Tyre begins operations in the U.S. as Western Tires, Inc. - click to expand

Orion Engineered Carbons breaks ground on logistics center in Germany - click to expand

Monday, June 1, 2020

Goodyear and Enovos will build two photovoltaic power stations in Luxembourg - click to expand

Active Minerals announces completion of Gordon, GA, facility expansion - click to expand

Thermoplastic and Silicone Elastomers U.S. 2020 Summit takes place virtually - click to expand

Lubrizol presents webinar on Estane thermoplastic polyurethane - click to expand

Yokohama's Virginia tire plant reopens - click to expand

Rubber Division, ACS, 197th Technical Meeting presentations available - click to expand

Friday, May 29, 2020

Global elastomeric coatings market forecast with a CAGR of 15 percent through 2026 - click to expand

Book of the Day: Chemical Resistance Guide for Elastomers IV - click to expand

Swan Chemical named North American distribution partner for Bolder Industries’ BolderBlack - click to expand

CCSi announces expanded capabilities and price matching policy - click to expand

Goodyear blimp returns to Europe - click to expand

Global thermoplastic polyurethane market expected to rise at a steady 6.8 percent CAGR through 2024 - click to expand

Thursday, May 28, 2020

Sibur creates sustainable development committee - click to expand

Global structural adhesives market to surpass $7 billion by 2024 - click to expand

Goodyear to donate the cost equivalency of 100 meals to Feeding America for every tire sold - click to expand

EMT technology available in North America through 2BA North America - click to expand

Disposable medical gloves market size forecast to reach $8.73 billion by 2025 - click to expand

Energy Estate and InfraCo partner to help solve waste tire mountains in Australia and New Zealand - click to expand

Wednesday, May 27, 2020

Borealis discontinues world scale polyethylene project in Kazakhstan - click to expand

Birla Carbon is first carbon black multinational to receive IATF certification across all manufacturing plants - click to expand

Huntsman brands spray polyurethane foam business as Huntsman Building Solutions - click to expand

Ashland board declares quarterly dividend - click to expand

Bridgestone announces release of Firestone FD692 drive tire - click to expand

Global sealants market projected to grow by $4.9 billion - click to expand

Market Reports

Aircraft interior elastomers market forecast at $45.5 million in 2025 - click to expand

Global automotive tire market forecast with a CAGR of 4.1 percent through 2027 - click to expand

European all-season tire market forecast with a CAGR of 9 percent through 2024 - click to expand

Global elastomeric coatings market forecast with a CAGR of 15 percent through 2026 - click to expand

Disposable Medical Gloves Market size is forecast to reach $8.73 billion by 2025 - click to expand

Global thermoplastics polyurethane market is expected to rise at a steady 6.8% CAGR through 2024 - click to expand

Global structural adhesives market to surpass $7 billion by 2024 - click to expand

Sealants market worldwide is projected to grow by $4.9 billion - click to expand

Global silicone market is estimated to register a CAGR of 5.65 percent through 2023 - click to expand

Medical glove market forecast with a CAGR of 15 percent through 2025 - click to expand

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