The global nanosilica market is expected to reach USD 5.14 billion
by 2025, according to a new report by Grand View Research, Inc. Increasing
demand for nanosilica in various application industries has been a major factor
driving market growth. Rubber industry emerged as the largest application
segment for the demand of nanosilica supported by substantial growth from the
automotive industry.
Growing
environmental concerns for biobased products and degradability is the key
factor responsible for the growth of the market. Renewable feedstock has
provided the manufacturers with cost reduction opportunities and improved
penetration in heavily regulated market such as Europe and North America.
Nanosilica is widely used in applications such as rubber, healthcare & medicine,
coatings, agriculture and others. P-type nanosilica was estimated as the
largest product segment in 2015 and is expected to continue the trend over the
forecast period. The P-type product is extensively utilized by various
application segments consumed with the volume share of 47.2% in 2015.
Coating
application segment is projected to register the fastest growth in terms of
volume with an estimated CAGR of 6.8% over the forecast period. Nanosilica is
widely used in the super hydrophobic coating which helps to create a high water
contact angle and low sliding angle which attribute to the superhydrophobicity
in the coating formulations. Furthermore, rubber application segment accounted
for the largest market in terms of volume owing to growing automotive industry
and increasing usage of other rubber products in various applications.
Access Research Report
of NanoSilica Market@ http://www.grandviewresearch.com/industry-analysis/nanosilica-market
Further key findings
from the report suggest:
· The
global nanosilica demand was 3,348.3 kilo tons in 2015 and is expected to grow
at a CAGR of 5.0% from 2016 to 2025
· P-type
nanosilica was estimated as the largest product segment in 2015 and is
projected to account for USD 2.55 billion by 2025
· Global
nanosilica demand in rubber industry was USD 810.4 million in 2015 and is
anticipated to witness substantial growth over the next nine years
· The
U.S. nanosilica market in coating industry was 85.4 kilo tons in 2015 and is
projected to reach a total volume of over 150.7 kilo tons by 2025
· The
industry in Asia Pacific is projected to witness substantial growth over the
next nine owing to various industrial developments across major economies,
especially in the China, and India. The regional market in terms of revenue is
expected to grow at a CAGR of 8.5% from 2016 to 2025
· Key
players including Evonik Industries, AkzoNobel N. V, E. I. du Pont de Nemours
and Company, Cabot Corporation, NanoPore Incorporated, Nanostructured &
Amorphous Materials, Inc. (NanoAmor), Fuso Chemical Co. Ltd. and others
dominated the global nanosilica market.
Grand
View Research has segmented the global nanosilica market on the basis of
product, application, and region:
NanoSilica Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
·
P
type
·
S
type
·
Type
III
NanoSilica Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Rubber
·
Healthcare
& Medicine
·
Food
·
Coatings
·
Plastics
·
Concrete
·
Gypsum
·
Battery
·
Electronics
·
Agriculture
·
Cosmetics
·
Others
Regional Outlook (Volume, Tons; Revenue,
USD Million, 2014 - 2025)
·
North
America
·
Europe
·
Asia
Pacific
·
Central
& South America
·
Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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