Market Size of Nanosilica Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major 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.
