Nanosilica Market by Type, Application, and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2020
  • Pages: 120
  • SKU: IRTNTR45769
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The nanosilica market size has the potential to grow by USD 1.63 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (P-type, S-type, and type III), application (rubber, coatings, concrete, agriculture, and others), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Akzo Nobel NV, Bee Chems, Cabot Corp., DuPont de Nemours Inc., Evonik Industries AG, Fuso Chemical Co. Ltd., nanoComposix, NanoPore Inc., Nanoshell Co., and Wacker Chemie AG.

Market Overview

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Market Competitive Analysis

The nanosilica market is concentrated. Regulations mandating the use of environment-friendly products and techniques and the low switching cost for customers have been intensifying the competition among vendors. Vendors vary in size and offer highly differentiated products. Akzo Nobel NV, Bee Chems, and Cabot Corp. are some of the major market participants. Although the growing demand for nanotechnology will offer immense growth opportunities, the availability of substitutes for nanosilica will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this nanosilica market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this nanosilica market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

 

  • Akzo Nobel NV
  • Bee Chems
  • Cabot Corp.
  • DuPont de Nemours Inc.
  • Evonik Industries AG
  • Fuso Chemical Co. Ltd.
  • nanoComposix
  • NanoPore Inc.
  • Nanoshell Co.
  • Wacker Chemie AG

 

Nanosilica Market: Segmentation by Geography

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APAC was the largest nanosilica market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rapid growth of end-user industries, such as consumer durables, electrical and electronics, automotive, and construction will significantly drive nanosilica market growth in this region over the forecast period.

54% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for nanosilica in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Nanosilica Market: Segmentation by Type

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The P-type nanosilica is also known as porous nanosilica. The large surface area of P-type nanosilica, in combination with its amorphous nature, makes it functional in various products such as coatings, gypsum, batteries, paints, adhesives, and cosmetics. The developments in infrastructure and the rise in construction activities globally are expected to drive the growth of the P-type nanosilica segment in the construction sector during the forecast period. The growth in the construction industry will lead to increased consumption of paints, coatings, and concrete, which, in turn, will increase the consumption of P-type nanosilica. These factors are expected to further fuel the growth of the P-type nanosilica segment in the global nanosilica market during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the nanosilica market size.

Nanosilica Market: Key Drivers and Trends

The increasing demand for nano-fertilizers has been identified as one of the critical nanosilica market trends that will drive market growth. Farmers are adopting nano-fertilizers to increase crop yield, improve crop growth, enhance quality parameters, minimize fertilizer wastage, reduce cultivation costs, and limit the excessive use of chemical fertilizers. Nano-fertilizers are also environment-friendly and can be applied frequently in small amounts. Nanosilica in encapsulated urea pesticide nano-fertilizer helps in improving the use of nutrients efficiently, reducing environmental impact, boosting plant productivity, and improving the plant’s resistance to stress. It also enables tailored fertilizer production with the desired chemical composition. Also, the combination of nano-fertilizers with nanodevices in the near future will allow synchronization of the release of nitrogen and potassium fertilizers into crops, thereby improving uptake by crops and preventing undesirable nutrient losses. With the increasing focus on environmental safety, sustainable agriculture, and economic stability, the demand for nano-fertilizers will also grow. Consequently, the demand for nanosilica is expected to grow during the next five years.

The growing demand for nanotechnology will also contribute to the market growth. The use of nanotechnology is increasing in various applications, such as paints and coatings, concrete, and plastics because of its ability to enhance the performance of the applied surface. Nanoparticles, such as nanosilica, improve the hardness, UV resistivity, scratch resistance, and antistatic property of materials. The demand for nanocoatings is also increasing in the food packaging and pharmaceuticals industry because of the growing concern for health and hygiene among consumers. Moreover, nanocoatings are used in the aerospace industry to reduce aerodynamic drag and prevent safety hazards. The increasing use of nanotechnology in various end-user industries is expected to fuel the growth of the nanosilica market at a CAGR of over 7% during the forecast period.

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Nanosilica Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive nanosilica market growth during the next five years
  • Precise estimation of the nanosilica market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the nanosilica industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of nanosilica market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The nanosilica market growth will increase by $1628.19 million during 2019-2024.
The nanosilica market is expected to grow at a CAGR of 7.10% during 2019-2024.
Technavio has segmented the nanosilica market by type (P-type, S-type, and Type III) ,application (Rubber, Coatings, Concrete, Agriculture, and Others) , and geographic (APAC, North America, Europe, South America, and MEA).
Akzo Nobel NV, Bee Chems, Cabot Corp., DuPont de Nemours Inc., Evonik Industries AG, Fuso Chemical Co. Ltd., nanoComposix, NanoPore Inc., Nanoshell Co., Wacker Chemie AG are a few of the key vendors in the nanosilica market.
APAC will register the highest growth rate of 54.40% among the other regions. Therefore, the nanosilica market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the nanosilica market growth are:
  • Growing demand for nanotechnology
The nanosilica market vendors should focus on grabbing business opportunities from the p-type segment as it accounted for the largest market share in the base year.
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