India to Register the Highest CAGR in Asia-Pacific in fumed silica market


Posted December 18, 2019 by Chemical-Research-Expert

Based on type, the fumed silica market has been categorized into hydrophilic and hydrophobic. The hydrophilic fumed silica segment is the largest type segment of the market both, in terms of volume and value.

 
The Fumed Silica Market is projected to reach USD 2.26 Billion by 2022, at a CAGR of 7.1% from 2017 to 2022.
Browse 80 market data tables and 56 figures spread through 197 pages and in-depth TOC on "Fumed Silica Market to 2022".

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The pharmaceuticals application segment is projected to grow at the highest CAGR during the forecast period
The pharmaceuticals application segment is expected to register the highest growth in terms of volume during the forecast period. Fumed silica is used as an excipient in the pharmaceutical industry. It improves the flow properties of starting materials that are required for tablet and capsule manufacturing. Fumed silica is also used for coating larger excipients and active ingredient particles.

Based on type, the fumed silica market has been categorized into hydrophilic and hydrophobic. The hydrophilic fumed silica segment is the largest type segment of the market both, in terms of volume and value. The hydrophobic segment is expected to grow at the highest CAGR during the forecast period, in terms of volume. This growth is mainly attributed to the water-repellent properties of hydrophobic fumed silica, which makes it one of the best materials utilized for anti-corrosive applications.

The fumed silica market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period
Asia-Pacific is the largest market for fumed silica, in terms of value, followed by North America and Europe. Various end-use industries such as construction and automobiles represent the bulk of the demand for fumed silica in the Asia-Pacific region. Moreover, rising awareness regarding the benefits of fumed silica has further contributed to the high demand for fumed silica in Asia-Pacific countries, such as China, Japan, and India.

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Key manufacturers of fumed silica include are Evonik Industries (Germany), Cabot Corporation (U.S), Wacker Chemie AG (Germany), and Tokuyama Corporation (Japan). These manufacturers focus on increasing their regional presence by adopting strategies such as contracts & agreements, mergers & acquisitions, and new product launches.

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Phone 1-888-600-6441
Business Address Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road
Suite 430 Northbrook, IL 60062
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Categories Business
Tags fumed silica , fumed silica market , fumed silica market insights , fumed silica market key players , silica market , silica market growth
Last Updated December 18, 2019