PUBLISHER: The Insight Partners | PRODUCT CODE: 1688912
PUBLISHER: The Insight Partners | PRODUCT CODE: 1688912
The colloidal silica market size accounted for a revenue of US$ 641.28 million in 2024 and is projected to reach US$ 885.18 million by 2031; it is anticipated to record a CAGR of 4.7% from 2024 to 2031.
Main end-use industries of colloidal silica include food & beverages, pharmaceuticals, electronics & semiconductors, paints and coatings, building and construction, and pulp & paper. Colloidal silica is used as an inorganic binder in investment casting with refractory grains such as zircon, fused silica, aluminosilicates, and alumina. The substance is also used in many ceramics. It serves as a high-temperature binder for monolithic applications, such as bricks. In a few ceramics, colloidal silica helps improve or regulate microstructure and physical properties by acting as a sintering aid. Colloidal silica is highly used in the textile industry as a sizing agent. Colloidal silica is combined with an oil agent to enhance economic benefits, increase yield, reduce end breaks, and manage wool spinnability.
Based on product type, the global colloidal silica market is segmented into alkaline, acidic, modified, and ordinary. The alkaline segment held the largest share of the global colloidal silica market in 2024. Alkaline colloidal silica is prepared by titration of an alkaline solution of sodium silicate with silicic acid in the constant pH range. It is also produced by polymerizing silica nuclei from silicate solutions under alkaline conditions to form nanometer-sized silica sols with a high surface area. The charge on the surface allows the silica particles to repel one another and form a silica dispersion. The major application of alkaline colloidal silica is in the paints, coatings, building and construction, cleaning, and ink industries. Alkaline colloidal silica is used as an abrasion and scratch resistance, adhesion, anti-blocking, and anti-soiling agent in the paints, coatings, and ink industry; it finds applications in paint, cool roof coatings, silicate paints, and wood coatings. The building and construction industry applies alkaline colloidal silica as adhesives. Further, the cleaning application of alkaline colloidal silica includes its use as a hard surface cleaning agent and functions; it is also used as a wetting and anti-soiling agent in this industry.
Based on application, the global colloidal silica market is segmented into pulp and paper, building and construction, paints and coatings (metal coatings, ceramic coatings, and others), electronics and semiconductors, pharmaceuticals, investment casting, cosmetics, household products, and others. The investment casting segment held the largest share of the global colloidal silica market in 2024. Colloidal silica is one of the most popular binders used in the precision investment casting industry. It is an easy-to-use slurry component that is economical and safe. The material performs excellently as a backup and primary slurry. Due to its chemical inertness, colloidal silica can form a long-life ceramic slurry with a wide range of refractory materials. The versatility and stability of colloidal silica systems make them ideal for use in casting multiple metal alloys. It is used as a base for ceramic shells to cast a wide range of metal alloys. Moreover, other noteworthy benefits of colloidal silica include better handling, reduced material usage in the backup coat, and an increased maximum pour weight. Moreover, the material enables casters to have an increased level of intricacy in casting along with greater design freedom. The ceramic shells made using colloidal silica also display good resistance to thermal shock with little shrinkage. They also have excellent refractory properties and great thermal resistance to high temperatures.
In 2024, Asia Pacific held the largest revenue share of the global colloidal silica market. India is one the fastest growing economies in the world and houses major industries such as chemical, paints & coatings, automotive, building construction, pharmaceutical, and electronics. The colloidal silica market in the country is growing at a rapid pace due to the presence of large industries and growing urbanization, which is leading to an increase in construction work. According to the India Brand Equity Foundation, the Indian chemicals industry is anticipated to reach US$ 304 billion by 2025, registering a CAGR of 9.3%. The demand for chemicals in the country is expected to expand by 9% per year by 2025. The industry is anticipated to contribute US$ 300 billion to India's GDP by 2025. An investment of US$ 107.38 billion is also estimated in the Indian petrochemicals & chemicals sector by 2025. Specialty chemicals constitute 22% of India's total chemicals & petrochemicals market. The automotive industry in India is large, and it is growing significantly owing to the increasing foreign direct investment. According to the India Brand Equity Foundation, India holds a strong global position in the heavy vehicles market. It is the largest tractor producer, the second-largest bus manufacturer, and the third-largest heavy truck manufacturer worldwide. In FY22, the country produced 22.93 million vehicles. The country is considered a strong market in terms of domestic vehicle demand and exports.
Key players profiled in the colloidal silica market report include Cabot Corp; Evonik Industries AG; Merck KGaA; Ecolab Inc; Nouryon Chemicals Holding BV; W. R. Grace & Co; Nissan Chemical Corporation; STERLING CHEMICALS; FUSO CHEMICAL CO., LTD.; AMS Applied Material Solutions; JLK Industries; Sahajanand Industries Limited; Fengchen Group Co., Ltd; Patalia Chem Industries; and NYACOL Nano Technologies Inc. Players operating in the global market focus on providing high-quality products to fulfill customer demand. Also, they focus on adopting various strategies such as new product launches, capacity expansions, partnerships, and collaborations in order to stay competitive in the market. The colloidal silica market forecast can help stakeholders plan their growth strategies.
The overall global colloidal silica market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the colloidal silica market.