PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1159585
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1159585
Global Nano Silica Market Overview:
According to SPER Market Research, the Global Nano Silica Market is estimated to reach USD 7.90 billion by 2030 with a CAGR of 6.2%.
High-purity amorphous silica powder makes up the white, fluffy substance known as nano silica. Nano-SiO2 possessed the benefits of a large specific surface area, strong surface adsorption, big surface energy, excellent chemical purity, and good dispersion due to its tiny particle size. Apart from paints, coatings, and rubber additives, nano silica is being widely marketed as a viable cementitious admixture in concrete. Nanosilica has the potential to benefit from concrete's mechanical and durability properties. Another important factor driving the expansion of the nano silica market is the constantly changing construction sector. As a result, the need for supplemental cementitious materials (SCMs) such nano silica to improve the characteristics of concrete is being driven by the construction sector.
Impact of COVID-19 on the Global Nano Silica Market
Numerous nations throughout the world have been touched by the COVID-19 pandemic. The nano silica market is suffering as a result of several precautionary actions including lockdowns, trading activity suspensions, and factory closures. However, businesses in the market are responding favorably to the government advice offered to protect the health of workers and employees. The COVID-19 crisis's primary disadvantage is the temporary suspension of production facilities, which has negatively impacted revenue-generating operations. Foreign direct investment has slowed due to the coronavirus outbreak. Due to factory closures, a significant decline in FDI investments suggests negative consequences on the nano silica industry, the energy, chemicals, and electronics industries-
Scope of the Report:
Market size available for years 2019-2030
Base year considered 2021
Forecast period 2022-2030
Segments covered By Product, By Application
Geographies covered: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Companies Covered Akzonobel N.V., Bee Chems, Cabot Corporation, Dow Corning Corporation, E. I. DU Pont De Nemours and Company, Evonik Industries, Fuso Chemical Co. Ltd., Nanopore Incorporated, Nanosil (Asia Pacific) Sdn, Nanostructured & Amorphous Materials Inc., Normet, US Research Nanomaterials Inc., Wacker Chemie AG.
Global Nano Silica Market Segmentation:
By Product: Based on the Product, Global Nano Silica Market is segmented as; P-Type, S-Type, Type III.
By Application: Based on the Application, Global Nano Silica Market is segmented as; Agriculture, Concrete, Electronics, Healthcare Coatings, Plastics, Rubber, Others.
By Region: Due to technological developments and the expansion of several end-use industries in the area, Asia Pacific led the worldwide nano silica market. Throughout the projection period, this is predicted to fuel the market in the area. North America comes in second to Asia Pacific in terms of market share in the worldwide nano silica industry. Asia Pacific dominated the worldwide nano silica market in terms of demand, because to the region's abundance of producers of food, drink, autos, rubber, and personal care goods. Growing activity in industries including coatings, rubber, agriculture, food, concrete, and healthcare & medicine has led to considerable economic growth in the region's developing countries, including China, India, and Japan.