Fumed Silica Market Analysis

Fumed Silica Market Analysis

The Hydrophobic segment is anticipated to register at a 5.5% CAGR up to 2032. On account of the growing preference for various coating properties, such as anti-fouling, self-cleaning, anti-icing/wetting, anti-microbial, and anti-corrosion, among others.This is mainly because it prevents sag and run-off of paints when applied on vertical surfaces. The product also helps minimize the risk of corrosion and rust associated with paints & coatings.  Growing need for improving flow characteristics will further support the adoption of hydrophobic fumed silica in inks.
 

Fumed silica market size from the pharmaceutical, beauty & personal care application segment is projected to reach over 890 million by 2032.  The growth can be attributed to the increasing use of fumed silica in several drug, capsule, and tablet formulations to offer superior properties, including versatility, and achieve various important functions. Due to its high purity and large surface area, fumed silica records significant adoption in hair care, skincare & oral care products.
 

Europe accounted for more than 20% share of the global fumed silica market and held a valuation of over 350 million in 2022. The growth can be attributed to the growing adoption of fumed silica as a performance booster in silicone elastomers. The regional demand for fumed silica is expected to pick momentum with the emerging trend of silicone elastomers and their thriving adoption in the automotive, consumer goods, and electronics sectors. The European Commission has been making significant investments in the semiconductor industry to improve its market share from 8% to 30% by 2030 in the global market.