Market Size of Fumed Silica Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 305.28 kilotons |
| Market Volume (2029) | 386.47 kilotons |
| CAGR (2024 - 2029) | 4.83 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fumed Silica Market Analysis
The Fumed Silica Market size is estimated at 305.28 kilotons in 2024, and is expected to reach 386.47 kilotons by 2029, growing at a CAGR of 4.83% during the forecast period (2024-2029).
The market was negatively impacted by the COVID-19 pandemic in 2020. Construction and automotive manufacturing activities were on a temporary halt due to the pandemic. This minimized the demand for additives used in the formulation of products such as adhesives, paints, coatings, plastics, and composites, negatively impacting the market demand for fumed silica. However, the market retained its growth trajectory last year due to all the industries resuming production processes.
- Over the short term, the surging demand for fumed silica from products in the personal care segment, such as toothpaste, creams, and others, is expected to drive the market's growth.
- The development of biogenic fumed silica and precipitated silica as a substitute for fumed silica is anticipated to hinder the market's growth.
- The emerging applications of fumed silica in various industries are likely to act as an opportunity.
- The Asia-Pacific region dominated the global market, with the highest consumption coming from countries such as China and India.
