October 03, 2023 08:33 ET | Source: Research and Markets Research and Markets
Dublin, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The "Fumed Silica Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering. Fumed Silica
The global fumed silica market has demonstrated significant potential, with a market size of US$ 1.3 billion in 2022. Projections indicate that the market will continue to expand, reaching an estimated US$ 1.7 billion by 2028. This growth is expected to be driven by a compound annual growth rate (CAGR) of 5.2% during the period from 2023 to 2028.
Fumed silica (SiO2) is a chemically synthesized white powder produced through the pyrolysis method, involving the reaction of silicon tetrachloride (SiCl4) with oxygen (O2) in a flame. It serves as a critical component in enhancing the thermal, rheological, and mechanical properties of various products, including adhesives like thermoplastic polyurethane (TPU).
This versatile material finds applications across multiple industries, including food and beverage (F&B), personal care, construction, and chemicals, due to its exceptional properties and advantages.
Several key trends are propelling the growth of the fumed silica market:
The global fumed silica market is segmented based on type, application, and end-use industry:
Key players in the global fumed silica market include:
The market analysis covers key regions, including:
For more information about this report visit https://www.researchandmarkets.com/r/f5d8ew
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