European Fumed Silica Market size is projected to reach USD 437.4 million by 2027, according to a latest forecast report by Graphical Research. A positive outlook of the unsaturated polyester resin sector and rising demand for beauty & personal care products driven by a shift in improved personal care practices are some of the key factors supporting the market growth.
The European pharmaceutical sector has been witnessing exponential growth and is likely to continue its robust growth in the future owing to research & development activities, technological progressions, and government funding. As per the European Federation of Pharmaceutical Industries and Associations, in 2018, the European research-based pharmaceutical industry invested an estimated value of Euro 36,500 million in R&D. The top five pharmaceutical markets in the region include Germany, France, Italy, Spain, and United Kingdom. During the period 2013-2018, the nations accounted for 17.7% of the consumption of newly launched medicines. Therefore, the reliance of an increasing number of people on pharmaceutical drugs and rising investment in R&D activities will potentially trigger the sales of drugs in the upcoming years.
The health crisis caused by the outbreak of novel coronavirus has had an impact on every aspect of the regional economy. On one hand, several manufacturing industries observed a decline in revenue due to ceased manufacturing operations, reduced demand, and plummeted consumer spending power. On the other hand, the pharmaceutical industry witnessed an increase in research and development activities and registered a substantial rise in the production of other pharmaceutical drugs. Nevertheless, the financial aids offered by governments to revive the regional economy is expected to bring a state of normalization in the economy and will stimulate the demand for fumed silica from the manufacturing sector.
The hydrophobic fumed silica market will emerge as the fastest-growing segment during the forecast timespan. This category of fumed silica is recognized by low moisture absorption and excellent rheological properties. It is a treated grade of fumed silica and provides several performance benefits, such as reduced moisture adsorption abrasion & scratch resistance, sag resistance, thickening, and anti-settling in polar systems, reinforcement, corrosion resistance, and free-flow & anti-caking.
Browse detailed statistical insights from the report, “Europe Fumed Silica Market Size Application (Silicone elastomer, Pharmaceutical, beauty & personal care, Paints, coatings & inks, UPR, Food & beverages, Adhesives & sealants, Others), By Product (Hydrophobic, Hydrophilic), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
Among the application, the pharmaceutical, beauty & personal care segment is predicted to acquire over 27% of the market share by 2027 underpinned by the extensive usage of fumed silica as a pharmaceutical excipient in order to enhance drug development techniques and improve the cost-efficiency of the process. The product finds applications as a disintegrant, glidant, filler, sorbent, and binder for numerous powder, capsule, or tablet production procedures. Moreover, the increasing consumption of fumed silica in cosmetics and personal care products to improve rheology control and as an anti-caking, thickening, and anti-settling agent.
Some of the key manufacturers of fumed silica market include Evonik Industries AG, Cabot Corporation, Wacker Chemie AG, Kemitura A/S, Orisil Ltd., Tokuyama Corporation, Hubei xingfa chemicals group co., Ltd., Lawrence Industries, Reade International Corp., and Flexicon Corporation.
Fumed silica is widely used as a pharmaceutical excipient to improve the efficiency of drug manufacturing processes in a cost-effective manner. The product is used as a glidant, disintegrant, binder, filler, and sorbent in various tablet, powder & capsule production processes. It improves the flow properties of starting materials required for tablet & capsule manufacturing and helps in increasing the tablet hardness. Fumed silica is used in various cosmetics & personal care products to enhance rheology control and as an anti-settling, thickening, & anticaking agent.
The European fumed silica market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Product
Europe Market, By Application
- Silicone elastomer
- Pharmaceutical, beauty & personal care
- Paints, coatings & inks
- Food & beverages
- Adhesives & sealants
The above information has been provided for the following countries:
- Rest of Europe