Global Colloidal Silica Market: Overview
Colloidal silica refers to those suspensions that are spherical, non-porous, and finely amorphous silica particles in a liquid phase. Siloxane bonds and silanol groups cover the surface of colloidal silica when it comes in contact with water. This product is widely utilized as a rheological additive in various personal care products so as to regulate flowability. This factor is estimated to support growth opportunities of the global colloidal silica market in the years to come. Mesoporous silica nanoparticles have recently been explored for its use as a nanocarrier for genes and drugs delivery.
In chemical mechanical planarization (CMP) applications, colloidal silica is estimated retain its popularity as an abrasive. Such popularity of the product in CMP applications is due to its properties like adjustable particle size distribution and good stability. Increased research and development activities toward the invention of colloidal products that come with adjustable physical and chemical characteristics is likely to augur well for the global colloidal silica market in the forthcoming years. In recent years, the automotive industry has witnessed a rise in its adoption. It is utilized in the making of tires with reduced resistance to rolling, which assists in improving mileage and vehicle handling. Furthermore, the rising popularity of green tires is estimated to amply growth opportunities of the global colloidal silica market over the assessment period.
Application, and region are the two important parameters based on which the global colloidal silica market has been classified. Such detailed analysis of the market comes with the sole purpose to provide stakeholders with a detailed and clear analysis of the global colloidal silica market.
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Global Colloidal Silica Market: Notable Developments
One of the important market developments that give a quick view of the dynamics pertaining to the global colloidal silica market is mentioned as below:
- In March 2019, Amsterdam-based prominent producer of colloidal silica, Nouryon, has expanded its production capacity for surface-modified colloidal silica at its site in Sweden. This expansion is estimated to place the company in a better position to meet the rising demand of the end users.
Some of the prominent organizations in the global colloidal silica market comprise the below-mentioned:
- Cabot Corporation
- W.R. Grace & Co.
- PPG Industries, Inc.
- Nissan Chemicals
- Ecolab, Inc.
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Global Colloidal Silica Market: Key Trends
The global colloidal silica market is characterized by the presence of the following restraints, drivers, and opportunities.
Increased Demand from Various End Use Sectors to Fuel Market Growth
Colloidal silica is widely utilized in the form of active chemical ingredient in the process of development of pharmaceutical tablets, such as animal pharmaceuticals and paracetamol. It betters the stability of specialty active pharmaceutical ingredients or API that is sensitive to moisture. This factor is estimated to gather attention of various pharmaceutical companies. In addition, the product is widely utilized as a glidant, disintegrant, anti-caking agent, and an absorbent in the process of tablet making so as to allow hassle-free flow of powder during the process. Players in the global colloidal silica market are estimated to tap the untapped opportunity.
Colloidal silica also finds use in the form of a solvent in water-based coatings and paints. The product is ideal for use in various applications in wet and dry surroundings and ,thus, reduce the burden on the environment. The paints and coating industry is estimated to make a shift toward greener approach. Market players are, thus, making considerable investment in the paints and coatings industry so as to gain competitive advantage. This factor is estimated to foster growth of the global colloidal silica market in the years to come. Electronics and semi-conductor industry is another promising end use sector for colloidal silica.
Global Colloidal Silica Market: Geographical Analysis
In the global colloidal silica market, Asia Pacific is likely to present lucrative growth opportunities for the market players. The growth of the region is estimated to rising demand of colloidal silica from the semiconductor and electronics industry. Leading manufacturers are emphasizing on the development of product according to the requirements of end use applications.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.