Nanosilica Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Product Type (P Type, S Type, and Others), Applications (Rubber, Healthcare, Coatings, Concrete, Plastics, Electronics, Agriculture, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Nanosilica Market Size

Nanosilica Market Size
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 7 %

Major Players

Nanosilica Market Key Players

*Disclaimer: Major Players sorted in no particular order
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Nanosilica Market Analysis

The market for Nanosilica is expected to grow at a CAGR of over 7% during the forecast period. Major factors driving the market studied are increasing demand of nanosilica in rubber industry and rising demand from coatings segment. On the flipside, high cost involved in buying the equipment used for producing nanosilica and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.

  • Growing demand for nano-fertilizers in agriculture sector is expected to offer various lucrative opportunities for the growth of market.
  • By application, rubber segment is expected to dominate the market owing to the increase in the usage of nanosilica as an additive in rubber industry.
  • Asia-Pacific region dominated the nanosilica market across the globe with the largest consumption from countries such as China and India.

Nanosilica Industry Segmentation

The Nanosilica market report includes:

Product Type
P Type
S Type
Others
Applications
Rubber
Healthcare
Coatings
Concrete
Plastic
Electronics
Agriculture
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Nanosilica Market Trends

This section covers the major market trends shaping the Nanosilica Market according to our research experts:

Increasing Demand from Rubber Industry

  • Nanosilica, also known as silicon dioxide nanoparticles or silica nanoparticles, is the compound of silicon which is the second most abundant element in the earth’s crust.
  • The growing usage of nanosilica as an additive in various type of rubbers including natural rubber, styrene butadiene rubber (SBR), nitrile rubber (NBR), ethylene propylene diene monomer (EPDM), ethylene acrylic rubber (AEM), and silicone rubber is increasing the demand of nanosilica and thus, propelling its market.
  • Nanosilica is used to increase the mechanical strength of vulcanized rubber by acting as a reinforcing agent. Also, the tensile strength of natural rubber can be increased to 14 MPa from 0.35 MPa by using nanosilica. Owing to these factors, the demand of nanosilica has been increasing which is boosting its market.
  • The global synthetic rubber market is anticipated to register a CAGR of over 5% during the forecast period. This is expected to increase the demand of nanosilica and stimulate its market during the forecast period.
  • Owing to all the above-mentioned factors for nanosilica, its market is expected to grow rapidly over the forecast period.
Nanosilica Market Trends

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for nanosilica during the forecast period. In countries like China and India, owing to increasing demand from end-user industries such as rubber, coatings, electronics, healthcare, and agriculture, the demand for nanosilica has been increasing in the region.
  • Nanosilica is used in rubber industry to improve the mechanical properties of rubber such as anti-friction, anti-ageing, durability, and toughness. Owing to this the demand for nanosilica in rubber industry is increasing in the region.
  • Coatings segment is second largest segment after the rubber application segment. Nanosilica is widely used in the super hydrophobic coatings, owing to which its demand is increasing in the coatings segment.
  • Additionally, nanosilica is used in nano-fertilizers to help in improving the use of nutrients efficiently, reducing environmental impact, and boosting plant productivity. The growing awareness among farmers for using nano-fertilizers to increase crop yield, minimize fertilizer wastage, and reduce cultivation costs is expected to boost the demand of nanosilica in agriculture sector during the forecast period.
  • The Asia-Pacific coatings market is expected to register a CAGR of over 5% during the forecast period and would reach USD 106 billion by 2025. This would create lucrative opportunities for the nanosilica market to grow during the forecast period.
  • Some of the major companies operating in Asia-Pacific region are – FUSO CHEMICAL CO., LTD., and Cabot Corporation.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for nanosilica during the forecast period.
Nanosilica Market Growth

Nanosilica Industry Overview

The nanosilica market is consolidated with top players accounting for a major share of the market. Some of the major companies in the market include Evonik Industries AG, Cabot Corporation., nanoComposix, NanoPore Incorporated, and FUSO CHEMICAL CO., LTD.

Nanosilica Market Leaders

  1. Evonik Industries AG

  2. Cabot Corporation.

  3. NanoPore Incorporated

  4. FUSO CHEMICAL CO., LTD.

  5. nanoComposix

*Disclaimer: Major Players sorted in no particular order

"Evonik Industries AG, Cabot Corporation., NanoPore Incorporated, FUSO CHEMICAL CO., LTD., nanoComposix"

Nanosilica Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand of Nanosilica in Rubber Industry

      2. 4.1.2 Rising Demand from Coatings Segment

    2. 4.2 Restraints

      1. 4.2.1 High Cost in Producing Nanosilica

      2. 4.2.2 Unfavourable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 P Type

      2. 5.1.2 S Type

      3. 5.1.3 Others

    2. 5.2 Applications

      1. 5.2.1 Rubber

      2. 5.2.2 Healthcare

      3. 5.2.3 Coatings

      4. 5.2.4 Concrete

      5. 5.2.5 Plastic

      6. 5.2.6 Electronics

      7. 5.2.7 Agriculture

      8. 5.2.8 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Bee Chems

      2. 6.4.2 Cabot Corporation.

      3. 6.4.3 Evonik Industries AG

      4. 6.4.4 FUSO CHEMICAL CO., LTD.

      5. 6.4.5 nanoComposix.

      6. 6.4.6 NanoPore Incorporated

      7. 6.4.7 Nanostructured & Amorphous Materials, Inc.

      8. 6.4.8 Wacker Chemie AG

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand for Nano-fertilizers in Agriculture Sector

    2. 7.2 Other Opportunities

**Subject to Availability
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Nanosilica Market Research FAQs

The Nanosilica Market is studied from 2018 - 2028.

The Nanosilica Market is growing at a CAGR of >7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

Evonik Industries AG , Cabot Corporation. , NanoPore Incorporated , FUSO CHEMICAL CO., LTD. , nanoComposix are the major companies operating in Nanosilica Market.

Nanosilica Industry Report

Statistics for the 2023 Nanosilica market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nanosilica analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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