Reports and Data estimates the global Fumed Silica competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Fumed Silica during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Evonik, Cabot, Wacker, Tokuyama, Orisil, OCI Corporation, GBS, Wynca, Fushite, Blackcat, Changtai
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Major Factors Driving Growth Of The Global Fumed Silica Market:
Production of tablets and capsules in the pharmaceutical business is a big difficulty, but fumed silica helps to improve properties, making the process considerably easier. Fumed silica is used as a anticaking agent, adsorbent, disintegrant, and glidant in the tablet production process to allow powder to flow freely. Biologically, these chemicals appear to be harmless. Due to rapid growth in medical industry globally, demand for fumed silica is expected to rise significantly. Rising investments in the pharmaceutical business and technological advancements are other factors contributing to market growth over the forecast period.
Factors Restraining Growth Of The Global Fumed Silica Market:
The global fumed silica market growth is substantially hampered by several unfavorable factors. Governments organizations around the world have implemented plenty of regulations and standards governing the use of fumed silica. Use of fumed silica in manufacturing, for example, has been restricted by the Food and Drug Administration (FDA). Manufacturers may use fumed silica as a food additive, but only in small amounts that do not exceed 2% of the product’s weight. Occupational Safety and Health Administration enforces a standard for fumed silica. The greatest amount of a substance that a worker can be exposed to over the course of an eight-hour shift is known as Permissible Exposure Limit (PEL).
Manufacturers have been forced to adopt new practices in order to maintain a safe working environment as a result of these regulations and requirements. As a result, profit margins may be squeezed, potentially hampering growth of the fumed silica industry.
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For the purpose of this report Reports and Data has segmented global Fumed Silica market on the basis of type, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Hydrophilic Fumed Silica
- Hydrophobic Fumed Silica
Application Outlook (Revenue, USD Billion; 2018-2028)
- Silicone Elastomers
- Paints
- Coatings & Inks
- Adhesives & Sealants
- UPR & Composites
- Others
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Building & Construction
- Electrical & Electronics
- Automotive & Transportation
- Personal Care & Beauty
- Food & Beverages
- Pharmaceuticals
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Fumed Silica during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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