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North America Fumed Silica Market Forecast 2027 By Application (Pharmaceutical, Beauty & Personal Care, Silicone Elastomers, Paints, Coatings & Inks, UPR, Adhesives & Sealants, Food & Beverages), By Product (Hydrophilic, Hydrophobic), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: August 2021 | Publisher: Graphical Research Report ID: GR1932 | Delivery : PDF  Request Free Sample

North America Fumed Silica Market size surpassed USD 388 million in 2020 and is estimated to register around 4.5% growth rate from 2021 to 2027. The market expansion is attributed to the increased demand in the automotive & transportation, construction, electrical & electronics, food & beverages, personal care & beauty, and pharmaceutical sectors.

North America Fumed Silica Market

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The positive outlook of the North American pharmaceutical industry will boost the fumed silica market demand. North America accounts for almost half of the pharmaceutical market. In 2019, the U.S. pharmaceutical industry alone generated around USD 500 billion in revenue. Access to high-priced medicines, a strong focus on research & development, and favorable government policies will promote the country's pharmaceutical industry growth.

North America Market, By Product

North America Fumed Silica Market, By Product

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Based on product, the hydrophilic segment will expand at 4.3% CAGR during the forecast timeframe. Hydrophilic fumed silica can be completely immersed and dispersed in water. It is obtained by hydrolyzing volatile chlorosilanes in an oxygen-hydrogen flame. This silica has excellent high-temperature insulation properties. In addition, it is used to strengthen and thicken organic silicon as a lubricant in food & industrial powders and to thicken non-polar solvents such as mineral spirits, styrene & xylene.

North America Market, By Application

North America Fumed Silica Market, By Application

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In terms of application, the pharmaceutical, beauty & personal care application segment value in the North America fumed silica market will cross USD 229 million by 2027. Fumed silica is widely used as a pharmaceutical excipient to improve the efficiency of drug manufacturing processes cost-effectively. The product is used as a disintegrant, lubricant, filler, binder, and absorbent in various capsule, tablet, and powder manufacturing processes. The flow properties of the raw materials will increase the hardness of tablets and capsules.

The silicone elastomer segment is likely to showcase a growth of 4.3% through 2027. Fumed silica is used in High-Temperature Vulcanization (HTV) silicone rubber to improve surface quality, reinforcement, sag resistance, dispersion, and durability. It is used in liquid silicone rubber to improve enhanced performance, rheology control, and anti-settling & anti-kinking properties. In the manufacture of silicone elastomers, fumed silica is added to increase tensile strength, elongation, modulus, toughness, and hardness. Moreover, it also improves flame extrudability, thermal stability, retardancy, and transparency.

Competitive Industry Landscape

Prominent companies operating in the North America fumed silica market include Cabot Corporation, Applied material Solutions, Evonik Industries AG, OCI Company Limited, and Wacker Chemie AG.

Manufacturers are increasing R&D investments to exhibit the development of the latest low-cost manufacturing process. For instance, in September 2019, Cabot Corporation announced the grand opening of its newly built fumed silica manufacturing facility in Wuhai, Inner Mongolia (China). This facility will add approximately 8,000 metric tons to its overall fumed silica annual production capacity.
 

Frequently Asked Question(FAQ) :

The market size for fumed silica in North America exceeded USD 388 million during 2020 and will grow at around 4.5% CAGR up to 2027 following the demand from construction, automotive & transportation, and food & beverage industries.
The industry for hydrophilic fumed silica in North America is forecast to register around 4.3% CAGR over 2021-2027 owing to high-temperature insulation attributes of the compound.
The market share for fumed silica in North America from pharmaceutical, cosmetics and personal care applications will reach USD 229 million by 2027 as the compound can help to improve drug manufacturing efficiency while being cost-effective.
The industry share for fumed silica in North America from the silicone elastomer segment could expand at 4.3% CAGR up to 2027 owing to sag resistance, surface quality and durability.
OCI Company Limited, Applied Material Solutions, Cabot Corporation, Evonik Industries, Applied Material Solutions and Wacker Chemie AG are some of the leading companies in the North America market.

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