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The Nanosilica Market size is estimated to grow by USD 1.90 billion at a CAGR of 6.78% between 2023 and 2028. Nanotechnology, a cutting-edge technology, is witnessing significant growth due to its potential applications in various industries. One such application is the production of nanosilica, a nanomaterial with diverse uses. The demand for nanosilica is increasing, particularly in developing countries, due to its role in enhancing the properties of cement, glass, and other construction materials. Moreover, the healthcare sector is investing heavily in nanotechnology, including the use of nanosilica in drug delivery systems and diagnostics, further fueling the demand. These trends are leading to increased investments in the production of nanosilica, making it a promising area for business growth.
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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 1.74 billion in 2018. 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 59% 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 market is expanding rapidly with applications across various industries due to its unique properties. Amorphous silica powder and silica nanoparticles are pivotal components used as cementitious admixtures and supplementary cementitious materials in construction, enhancing durability and strength. They exist in spherical phases and mesoporous forms, offering high surface area and absorbent capabilities, crucial for drug applications and nanomedicine. Produced via the sol-gel process, nanosilica exhibits hexagonal pore structures and non-porous forms, ideal for coatings in the automotive parts and elastomers sectors. Its abrasive properties find utility in fly ash and micro silica for improving structural integrity. The nanosilica market's growth is driven by innovations in healthcare and medicine, meeting demands for advanced materials in porous particles and spherical particles across diverse industrial applications.
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 Market 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
Nanotechnology Products Market: Nanotechnology Products Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Germany, China, Japan, France - Size and Forecast
White Cement Market: White Cement Market Analysis APAC, North America, Middle East and Africa, Europe, South America - US, China, India, Saudi Arabia, Spain - Size and Forecast
Specialty Silica Market: Specialty Silica Market by Application, Type and Geography - Forecast and Analysis
The market is thriving across diverse sectors with applications ranging from cementitious admixtures to vaccines and agriculture. P type nano silica, S type nano silica, and Type III nano silica variants offer specific functionalities in fields like solar energy harvesting and cold weather concreting, leveraging their hexagonal pore structure and mesoporous forms. These materials, derived from silicon dioxide nanoparticles in amorphous and crystalline forms, exhibit heat resistance and are synthesized through sol-gel processes for coatings and solar cell technology. In biomedicine, nanosilica facilitates nano-based tumor detection and cancer therapies through applications in DNA carriers and drug delivery, while also supporting biomedical processes with low cytotoxicity and enhanced biocompatibility. The market's growth is propelled by advancements in nanotechnology for sustainable solutions in residential and commercial buildings and beyond. The Sol gel process is used to produce cementitious admixtures in various forms including amorphous states, non porous form, and mesoporous form, essential for coatings section.
Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
Market growth 2024-2028 |
USD 1.90 billion |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
6.23 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 59% |
Key countries |
US, China, Germany, Japan, 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, 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, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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