Emerging trends in drug manufacturing activities in tandem
with the improving capsule and drug performance characteristics are likely to
stimulate fumed silica market
demand. The product is used often for drug manufacturing in order to enhance
flow properties and mitigate any issues pertaining to compaction or
non-uniformity, the latter of which is a common obstacle for the pharmaceutical
industry.
Broad application scope across myriad
sectors including pharmaceuticals, cosmetics, food & beverage and
electronics, etc., will drive fumed silica market size. The product has
multiple functionalities including a rheology modifier, desiccant, thickening
agent, anti-sagging agent, viscosity controller and anti-caking agent, among
others, designed to enhance the productivity of other products.
The product enhances bond strength in
capsules and tablets and aids in particle rearrangement. Additionally, it helps
avoid bridging and reduces friction and statics charges. Industry growth is
bolstered by the significant surge in pharmaceutical production, stemming from
the rising financial interest from pharma companies towards R&D efforts for
efficient drug manufacturing activities.
Based on estimates by a Global Market
Insights, Inc. report, the worldwide fumed silica market share is expected to
surpass $1.5 billion over 2025.
UPRs or unsaturated polyester resins, when
in their pure form, face a deficiency of viscosity levels and thixotropic
properties, which can be corrected through the application of pyrogenic silica
in the resins, Since these resins are a major component in the construction
industry and are used extensively for roofing tiles, pipes bathroom furniture,
cladding panels, pre-fabricated buildings and more, their demand across the
residential, industrial and commercial construction sector is expected to witness
a commendable upsurge in the years ahead, which will in turn augment fumed
silica industry demand.
While the fumed silica market from the
hydrophobic product segment is anticipated to depict an appreciable CAGR of
over 5.5% through 2025, the hydrophilic silica segment is expected to hold a
dominant position in the overall market over the forecast spell. This is on
account of its vast application potential, including as a thickening and
reinforcing agent in silicone manufacturing. Major factors enabling the
hydrophilic silica segment to take the lead in the market are its untreated
nature and its ability to be dispersed in water, which its hydrophobic
counterpart is not suited for.
The paints, coatings and inks application
segment is poised to surpass over 50 kilo tons consumption by 2025. Robust
development in the segment is largely due to increased product utilization in
enhancing the rheological and thixotropic properties of paints & coatings
products. Fumed silica avoids the sagging of paints applied to vertical
surfaces and minimizes the risk of corrosion of the coating.
Fumed silica is applied extensively to
adhesive & sealant formulations to facilitate reinforcement and rheological
characteristics. The adhesives & sealants application segment is
anticipated to depict a significant CAGR of more than 4.5% through 2025.
Escalating adhesive and sealant utilization across the construction and automotive
industries will support product growth in the coming years.
Fumed silica industry from the food &
beverages segment is likely to record sizeable growth at a rate of over 3.5%
through 2025. The product helps maintain food product quality through the
enhancement of flow properties and also inhibits caking formation thereby
extending the product lifespan to a great extent. Additionally, it functions as
a flavor masking agent and helps attain cost efficiency.
The fumed silica market in North America
may hold a considerable chunk of the overall revenue share over the estimated
timeline. This rapid development seems to be attributed primarily to the
burgeoning pharmaceutical sector in the region. In fact, North America
accounted for almost half of the worldwide pharmaceutical sales in 2018,
according to the European Federation of Pharmaceutical Industries and
Associations. Therefore prolific advancements in the pharmaceutical industry
will proliferate fumed silica market growth in the years ahead.
About Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
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reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
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