Nano Silica Market Analysis | 2022-2028

Market Insights

The nano silica market was estimated at USD 3.72 billion in 2021 and is likely to grow at a CAGR of 6.08% during 2022-2028 to reach USD 5.63 billion in 2028.

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Market Dynamics

Introduction

Nano silica is defined as a white, fluffy powder that is composed of high-purity amorphous silica powder. It is being used in various applications due to its superior benefits such as large specific surface area, large surface energy, strong surface adsorption, good dispersion, and high chemical purity.

COVID-19 Impact

The COVID-19 outbreak posed significant challenges across verticals worldwide. Supply chain disruptions due to the imposition of lockdown affected the product availability on time and thus, affected the market growth. Additionally, a decline in the growth of the end-use industries also affected the product demand.

Market Drivers

The growth of the nano-silica market is driven by the increasing use of nano-silica in concrete and rubber among others. Expanding automotive and construction industries are expected to drive market growth at a significant rate.

In addition to this, rising product demand in developing countries with significant growth of the end-use industries is likely to create lucrative opportunities for the players operating in the global market during the review period.

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Key Players

The following are the key players in the Nano Silica Market (arranged alphabetically):

• Akzo Nobel N.V. (Netherlands)
• Cabot Corporation (US)
• Dow Silicones Corporation (US)
• DuPont de Nemours, Inc. (US)
• Evonik Industries AG (Germany)
• Fuso Chemical Co., Ltd (Japan)
• GUANGZHOU SONGYI ADVANCED MATERIALS (China)
• Incorporated (US)
• NanoPore
• Nanostructured & Amorphous Materials, Inc. (US)
• Wacker Chemie AG (Germany)

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Product Type

“The P-Type segment is anticipated to drive substantial market growth throughout the forecast period.”

The market has been segmented into P-type, S-type, and type III. Among these, the P-type segment accounted for the largest market share in 2021 and is expected to propel market growth at a significant rate during the forecast period. The segment growth can be attributed to widespread product use in the end-use industries.

Regional Insights

“The Asia-Pacific region is expected to grow at a healthy CAGR during the forecast period.”

The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of Asia-Pacific region accounted for the largest market share in 2021 and is expected to grow at a healthy CAGR during the forecast period. The regional market growth can be attributed to the strong presence of the automotive and construction industry in China.

Expanding industrialization in developing economies is likely to bolster market growth at a significant rate during the review period. The market growth in North America and European regions is expected to be driven by the established presence of the end-use industries.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s nano silica market realities and future market possibilities for the forecast period of 2022 to 2028. After a continuous interest in our nano silica market report from the industry stakeholders, we have tried to further accentuate our research scope to the nano silica market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The nano silica market is segmented into the following categories:

By Product Type

• P Type
• S Type
• Type III

By Application Type

• Concrete Mixtures
• Rubber and Plastic Additive
• Semiconductor
• Healthcare
• Coating Additive
• Cosmetics
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research:

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].