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(Construction.IndustryNews247.Com, August 22, 2018 ) Industry Outlook and Trend Analysis
The global Fumed Silica market was worth USD 1.38 billion in 2014 and is expected to reach approximately USD 2.64 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.50% during the forecast period. Fumed silica is a nebulous silica (silicon dioxide), acquired artificially by vapor-stage hydrolysis procedure. The development of the market is essentially determined by the expanding relevance of raged silica in different enterprises, for example, glues and sealants, automobiles, and construction. Moreover, the cost-viability of fumed silica when compared with precipitated silica is another huge factor driving the development of the market. The paints and coatings and inks, and cements and sealants are thought to be key applications for fumed silica in rising and also developed countries.
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Type Outlook and Trend Analysis
On the basis of type, the fumed silica market has been classified into hydrophilic and hydrophobic. The hydrophilic fumed silica section is the biggest kind fragment of the market both, regarding value and volume. The hydrophobic section is foreseen to develop at the most elevated CAGR amid the conjecture time frame, on the basis of volume. This development is primarily ascribed to the water-repellent properties of hydrophobic fumed silica, which makes it extraordinary compared to other materials used for anti-corrosive applications.
Application Outlook and Trend Analysis
On the basis of application, the fumed silica market has been divided into paints and coatings and inks, pharmaceuticals, adhesives & sealants, UPR, lighting, and gel batteries among others. The development of the paints and coatings application section of the market is principally determined by the rising interest for water-based paints and coatings from the industrial and architectural applications.
Regional Outlook and Trend Analysis
North America, Asia-Pacific, and Europe are enter areas in the fumed silica advertise. The market in the Asia-Pacific district is anticipated to develop at the most astounding CAGR in the upcoming years, as far as volume and value. This development is for the most part credited to the expanding usage of fumed silica in gel batteries, paints & coatings, UPR, and gel batteries applications.
Competitive Insights
The leading players in the market are Evonik Industries, Cargill, Cabot Corporation, Tokuyama Corporation, Chifeng Shengsen Silicon Technology Development Co., Ltd and Wacker Chemie. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Fumed Silica market is segmented as follows-
By Type:
Hydrophobic
Hydrophilic
By Application:
Adhesives & Sealants
Pharmaceuticals
Gel Batteries
Lighting
Paints & Coatings and Inks
UPR
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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