The global nano silica market revenue was around US$ 5.2 billion in 2023 and is estimated to reach US$ 9.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2024 to 2032.
Nano silica is a silicon allotrope, a poor conductor of heat and electrons. It appears in the amorphous form of a white powder. It is utilized as an additive for plastics and rubber and as a strengthening filler for concrete and other construction composites. It is used in non-toxic platforms for biomedical applications such as therapeutic delivery, drug delivery, detection, ablative therapies, and diagnostics.
Market Driving Factors
The surge in demand for nano-silica in the rubber industry is the major driver for the market growth. This is because nano silica improves the mechanical properties, wear resistance, and overall performance of rubber products, such as industrial seals and tires. This demand arises from the requirement for high-performance and durable rubber materials, which increased in the industrial and automotive sectors. As these industries continue to increase, nano silica’s incorporation in rubber formulations is estimated to expand and boost the market growth.
The increase in usage of nano silica as an additive in several applications is a major factor that boosts the market growth. Nano silica’s unique properties, including enhanced reinforcement, surge in strength, and improvement in stability, make it valuable in industries such as coatings, construction, and healthcare. As industries seek to improve product sustainability and performance, the demand for nano silica continues to increase which will fuel the market.
Long-term exposure to airborne nano silica particles can cause health problems, including respiratory disorders. Thus, this factor is predicted to hamper the market growth.
Regional Analysis
Asia Pacific is predicted to dominate the market in terms of the largest shares. This is primarily owing to the concentration of several companies across the region. Furthermore, industries such as drinks, food, rubber, automotive, and personal care items. These businesses utilize nano silica as a crucial component in their manufacturing processes. Such types of factors are estimated to propel the market growth.
Segmentation Insights
In terms of application insight, the rubber segment is estimated to dominate the market in terms of the largest shares. This is primarily owing to the increasing use of nano silica as an additive in different types of rubbers including natural rubber, nitrile rubber (NBR), and silicone rubber. In addition, this will surge the demand for nano silica and boost the market growth. Additionally, nano silica is used to surge the mechanical strength of vulcanized rubber by acting as a reinforcing agent. Due to these factors, the demand for nano silica is estimated to increase significantly in the rubber industry during the projection period.
Prominent Companies
Segmentation Outline
The global nano silica market segmentation focuses on the Product, Application, and Region.
By Product
By Application
By Region
[ TABLE OF CONTENT ]
1 INTRODUCTION OF GLOBAL NANO SILICA MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: NANO SILICA MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL NANO SILICA MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL NANO SILICA MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 S-TYPE
5.3 TYPE III
5.4 P-TYPE
6 GLOBAL NANO SILICA MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 CONCRETE
6.3 RUBBER
6.4 ELECTRONICS
6.5 HEALTHCARE
6.6 COATINGS
6.7 AGRICULTURE
6.8 PLASTICS
6.9 OTHERS
7 GLOBAL NANO SILICA MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL NANO SILICA MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 NORMET
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 FUSO CHEMICAL CO LTD
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 DOW CORNING CORPORATION
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 NANOPORE INCORPORATED
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 AKZONOBEL N.V.
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 E. I. DU PONT DE NEMOURS AND COMPANY
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 EVONIK INDUSTRIES
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 BEE CHEMS
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 WACKER CHEMIE AG
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 CABOT CORPORATION
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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