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.
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:
Some of the prominent organizations in the global colloidal silica market comprise the below-mentioned:
The global colloidal silica market is characterized by the presence of the following restraints, drivers, and opportunities.
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.
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.