- Alkaline Colloidal Silica
- Acidic Colloidal Silica
- Modified Colloidal Silica
- Ordinary Colloidal Silica
Colloidal Silica Market size was valued at USD 825.0 million in 2022 and is poised to grow at a significant CAGR of 4.5% over 2023-2029. According to estimates, several pharmaceutical corporations will pay attention to this element. When making pharmaceutical tablets like those for paracetamol and animal medicines, colloidal silica is frequently used as an active chemical ingredient. It increases the stability of specialized APIs, active pharmaceutical ingredients that are moisture sensitive. Additionally, the substance is frequently used in the tablet-making process as a glidant, disintegrant, anti-caking agent, and absorbent to facilitate the hassle-free flow of powder. According to estimates, players in the worldwide colloidal silica market will seize the untapped opportunity. Furthermore, in water-based coatings and paints, colloidal silica is used as a solvent. The product is perfect for usage in a variety of applications in both wet and dry environments, lessening the impact on the environment. The paints and coatings sector are estimated to adopt a greener strategy. As a result, market participants invest a lot in the paints and coatings industry to obtain a competitive edge. In the decades to come, this aspect is projected to encourage the expansion of the worldwide colloidal silica market. Another perspective end-use for colloidal silica is in the electronics and semiconductor industries. Moreover, manufacturing is where colloidal silica is primarily used. Since the advent of 3D printing technology, there has been a notable rise in the use of colloidal silica in the manufacturing sector due to the investment casting technique used to create complex parts for the military, aerospace, medical, jewelry, airline, automotive, and golf clubs. This has helped to drive the global colloidal silica market.
Fastest Growing Market
The rise in demand for rubber, paints, and coatings across numerous industries, including construction and electric vehicles, is credited with driving the expansion of the colloidal silica market. The tire industry is likely to benefit from a significant increase in the manufacturing of electric vehicles (EVs), which is anticipated to have a beneficial impact on demand for silica. Additionally, the market may be constrained by alternatives and the slow growth of sectors like paint and paper.
The colloidal silica market is projected to expand at a CAGR of 4.5% during the forecast period.
FUSO CHEMICAL CO., LTD., Zhejiang Yuda Chemical Co., Ltd., CABOT CORPORATION, Evonik Industries AG, MERCK KGaA
Asia Pacific is the fastest-growing region for colloidal silica market