Fumed Silica Market Seeing Growth, Drivers, New Trends And Key Players 2018 to 2028
Verfasser: ashwani_kailiya on Tuesday, 28 January 2020Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Fumed Silica market during the historical period of 2013 – 2017. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2018, and key prospects over the forecast period 2018 – 2028.
Worldwide demand for fumed silica exceeded 335,000 MT in 2018, registering an upswing from 323,733 MT in 2017, as per a new Fact.MR study. The market gains remain primarily driven by the prolonged demand across multiple end-use industries, including paints, printing inks, adhesives, and coatings. Escalating scramble for water based coatings & paints for use in architectural as well as industrial applications continue to influence sales of fumed silica over the forecast period. Manufacturers are vying to introduce new approaches and technologies in the manufacturing space, with an aim to cut down the production costs and time via value-added production. According to the report, the market is projected to reach 4.9% CAGR during 2018-2028.