Fumed Silica Market: Evolution
Fumed silica has attracted massive attention among material scientists and industry players engaged in development of rheology additives due to several attractive particle characteristics, notably remarkably high surface area. The properties are increasingly utilized in binders and polymers. The fumed silica market has made strides anchored on the substantial demand for the products in diverse range of industries.
The fumed silica market has evolved continuously, fueled by the rise in demand for the materials in wide spectrum of applications. They are notably used in making pharmaceutical excipients, as nanomaterials in dental and skeletal applications, silica slurry for CMP of interlayer insulating films, and in nanocomposite industry owing to physico-mechanical and thermal properties.
The products are made primarily from finely divided amorphous silicon dioxide particles which have been produced by high temperature in an O2(N2)/H2 flame. Some of the broad categories in the fumed silica market are silicone elastomers, paints, coatings and inks, adhesives and sealants, and composites. They are used in greases and lubricants, and fertilizers.
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Fumed Silica Market: Drivers, Current Prospects, Lucrative Avenues
The growing demand for fumed silica in the pharmaceutical industries is a key factor propelling the growth in revenues for players over the years. They are utilized by manufacturers of pharmaceutical excipients in making gladiants and lubricants. Lubricants are added to the final blend before compression of the tablet.
Strides made in nanocomposites fabrication technologies and synthesis processes have extended the horizon for players to target new applications. A case in point is the coating application in the pharmaceutical industry which has benefitted from bed processing technology. Another example is the use of template method for synthesizing nanomaterials of attractive properties, which has bolstered the utilization of fumed silica, thereby boosting the fumes silica market.
Research in mesoporous nanoparticles have enabled players in the pharmaceutical industries harness fumed silica to act as carriers for therapeutics or biological active compounds (BACs). Over the years, the revenue streams in the fumed silica market have strengthened on the back of them being in the category of high production volume chemicals.
Fumed Silica Market: Competition Landscape and Key Developments
Researchers are evaluating fumed silica for polymeric and biofunctional membranes. Various chemical companies in the fumed silica market are keen on meeting the demands for resins used in dentistry. Pioneers of next-gen active nanomaterials are conducting extensive R&D in making risk assessment and risk management. A number of players working in this direction are careful about the changing chemical policy regulations in key regionalmarkets.
Over the years, a few globally prominent companies in life sciences industries have benefitted from the thickening and thixotropic properties of products in the fumed silica market. The products are also demanded for use in Taqman assays of human hepatoma cells HuH-7. Chemical producers of fumed silica are also modifying the rheological properties to meet applications in shear-thickening and thinning fluids.
Some of the key players in the fumed silica market are Applied Material Solutions Inc., Tokuyama Corporation, Wacker Chemie AG, Cabot Corporation, and Evonik Industries.
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Fumed Silica Market: Regional Landscape
Some of the key fumed silica markets are Asia Pacific (APAC), Europe, and North America. Europe has been lucrative market, on the back of strides being made in pharmaceutical excipients. Rapid growth in the construction sector in the emerging economies of APAC has spurred the growth prospects of the fumed silica market in the region. Furthermore, extensive research and development in nano chemistries and advancements in nanomaterials synthesis has opened new frontiers in the key regional fumed silica markets. Additionally, the demand for nano-biomaterials in clinical dentistry is a key trend bolstering the prospects of the APAC fumed silica market.
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
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- 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
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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.
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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?
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