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The Global Nanosilica Market size is estimated to grow by USD 1,713.25 million at a CAGR of 6.52% between 2022 and 2027.
The growth of the market depends on several factors, including the growing demand for nanotechnology, the growing demand from developing countries, and the increasing investments in the healthcare sector.
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Nanosilica, also known as silica nanoparticles or silicon dioxide nanoparticles, is mainly derived from synthetic amorphous silica. It is used as an additive in various applications such as cosmetics, drugs, printer toners, varnishes, food, and biomedical and biotechnological applications, such as cancer therapy and deoxyribonucleic acid (DNA )transfection, drug delivery, and enzyme immobilization.
The market share growth by the P-type segment will be significant during the forecast period. This is also called porous nanosilica. It is used in various products such as coatings, gypsum, batteries, paints, adhesives, and cosmetics owing to its large surface area and amorphous nature, which makes it ideal for various products such as coatings, gypsum, batteries, paints, adhesives, and cosmetics.
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The P type segment was valued at USD 1,655.82 million in 2017 and continued to grow until 2021. They are gaining popularity in the medical and healthcare industry due to its stability, biocompatibility, and low toxicity. P-type nanosilica is used as a reinforcement agent in concrete in the construction sector. It is also used to improve concrete permeability and mosaic production. Developments in infrastructure and the rise in construction activities are expected to drive the growth of the segment in the construction sector during the forecast period.
Based on the application, the rubber segment holds the largest market share. In rubber processing, it is used as a filler to enhance the strength of natural rubber (NR). The mechanical strength of pure or natural rubber is quite low. The tensile strength of NR can be improved from 0.35 MPa to 14 MPa, and its reinforcement rate can be improved by 40 times more than the common rubber when mixed with these particles. They are the widely used filler for natural rubber in the rubber industry, owing to its property of reinforcing high-temperature vulcanized silicone rubber.
APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Factors such as the rapid growth of end-user industries, such as consumer durables, electrical and electronics, automotive, and construction, are driving the growth of the market in the region during the forecast period. China, Japan, and India are the key revenue contributors to the market in APAC. Therefore, the increasing adoption of consumer goods is very high in these countries. This is used in construction due to its advantages, such as improved mechanical properties, water penetration rates, and controlled degradation. The rising use of nanocoatings in building interiors, concrete mixtures, facades, and flooring fuels the demand in the region.
The growing demand for nanotechnology is notably driving market growth. The importance of nanotechnology is growing in various applications such as paints and coatings, concrete, and plastics. The use of technology enhances the performance of the applied surface. Nanoparticles, including nano silica, are used as fillers or additives to enhance the physical properties of composites. They provide hardness, UV resistivity, scratch resistance, and antistatic properties to materials.
This is often used in nanocoatings as a key ingredient or additive owing to its unique properties. High surface area, mechanical strength, and thermal stability are some of these properties. They can be incorporated into coatings to enhance their performance. The rising concern for health and hygiene is increasing the demand for nanocoatings in food packaging and pharmaceuticals. Therefore, the growing demand for nanocoatings in end-user industries will fuel the growth of the global market during the forecast period.
Major Trend
The increasing need for miniaturization and microelectronics is a critical trend shaping market growth. Miniaturized electronic devices consume low power and have many functionalities. Miniaturized components must be arranged in a compact manner, which is not feasible on conventionally rigid PCBs. However, this challenge can be overcome with the help of advanced functional material technology. Advanced functional material-based miniature electronics need small PCBs and efficient interconnections to reduce power consumption.
The increasing emphasis on product miniaturization and customized offerings is expected to fuel the demand for advanced functional materials. Manufacturing advanced functional materials requires various nanomaterials, such as nanosilica, nano oxide, nano titanium dioxide, and nano aluminum dioxide. These nanomaterials have a wide range of applications in electrical and electronics owing to their improved physical, chemical, and functional properties. Such functional advanced nanomaterials are used for various potential applications. Therefore, the increasing demand for miniaturization will support the growth of the global market during the forecast period.
The high cost of the manufacturing process may impede the market growth. The production of this includes complex and expensive manufacturing processes, including the use of specialized equipment and high energy consumption. These factors contribute to high production costs, which can limit the adoption and market penetration. As high heat and pressure are needed to bond the nanomaterial together, manufacturing is energy-intensive.
The high production cost of nano silica typically leads to higher prices for end consumers. As a result, companies may hesitate to incorporate nanosilica into their products due to the high cost, which can affect the overall demand. This may restrict the number of potential applications and industries where nanosilica can be used. Therefore, the market may not reach its full potential and experience slower growth compared to industries with low-cost materials. Hence, manufacturers are working on a process capable of producing high-quality amorphous nanosilica. Furthermore, inhaling these minute particles during their production can create health hazards. All the abovementioned factors will likely hamper the global market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bee Chems - The company offers silica colloidal, colloidal silica concrete, and colloidal silica concrete densifier.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Bee Chems, Cabot Corp., Dr. Khan Industrial Consultants Pvt. Ltd., Evonik Industries AG, Fortis Life Sciences, Fuso Chemical Co. Ltd., NanoPore Inc., Nanostructured Materials Inc., Normet Group Oy, Nouryon Chemicals Holding BV, US Research Nanomaterials Inc., Wacker Chemie AG, and Xetek Industries Pvt. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
The Market is driven by advancements in material science and nanoengineering, particularly in surface modification and particle size control. Chemical synthesis methods are employed to produce nanosilica with specific functionalization for various applications.
Nanosilica finds extensive use in nanocomposites due to its unique properties, including optical, electrical, and thermal properties. Its nanostructured surfaces enable enhanced nanoparticle dispersion in different matrices. The market is characterized by diverse applications, especially in biomedical applications where its properties are utilized for drug delivery, imaging, and tissue engineering. The demand is also driven by its potential to improve the performance of materials in various industries, including construction, electronics, and automotive. Overall, the market is poised for significant growth as research continues to explore new nanochemistry and applications, highlighting its importance in advancing various technological fields.
Nanosilica Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.52% |
Market growth 2023-2027 |
USD 1,713.25 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
6.12 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 58% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Bee Chems, Cabot Corp., Dr. Khan Industrial Consultants Pvt. Ltd., Evonik Industries AG, Fortis Life Sciences, Fuso Chemical Co. Ltd., NanoPore Inc., Nanostructured Materials Inc., Normet Group Oy, Nouryon Chemicals Holding BV, US Research Nanomaterials Inc., Wacker Chemie AG, and Xetek Industries Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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