The global nano silica market was valued at $4.6 billion in 2021, and is projected to reach $8.6 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
Nano silica is a white fluffy powder composed of high purity amorphous silica powder. Because of its small particle size, nano-SiO2 had the advantages of large specific surface area, strong surface adsorption, large surface energy, high chemical purity and good dispersion.
Rising demand from the rubber industry in light of the growing automotive industry is expected to be a key factor propelling market growth. In addition, growing use of nano silica as an additive in various application segments such as concrete and rubber, and growing demand for coatings due to growth in coatings applications in the construction industry is expect to propel the growth of the market in coming years. Nano silica is being highly publicized as a promising cementitious admixture in concrete apart from paints, coatings, and rubber additives. Nano silica has the potential to leverage the mechanical and durability attributes of concrete. The ever-evolving construction industry is another key driver, which is fueling the growth of the nano silica market. As such, the construction industry is creating a demand for supplementary cementitious materials (SCMs)-like nano silica to enhance the properties of concrete.
Nano silica is gaining increased popularity for cementitious admixtures in concrete to deploy improved load-carrying capacity. Since nano silica is extremely fine, it helps to strengthen the microstructure of the cementitious matrix as a result of its pozzolanic activity. Thus, companies in the nano silica market are increasing the availability of silica nanoparticles in the construction industry where workers combine the novel element with other SCMs such as fly ash, micro silica, and risk husk ash among others. These factors are expected to drive the growth of the market during the forecast period.However, toxicity of silica fumes is expected to hamper the growth of the nano silica market during the forecast period. Furthermore, growing usage of nano silica in RNA/DNA delivery systems in innovation of vaccines is expected to provide growth opportunities for the nano silica market during the forecast period.
The global nano silica market size is segmented on the basis of product, application, and region. By product, it is analyzed across P-type, S-type, and Type III. By application, it is segmented into concrete, rubber, electronics, healthcare, coatings, agriculture, plastics, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major key players operating in the global nano silica market include Evonik Industries, Akzonobel N.V., E. I. DU Pont De Nemours and Company, Cabot Corporation, Nanopore Incorporated, Normet, Fuso Chemical Co. Ltd., Wacker Chemie AG, Dow Corning Corporation, and Bee Chems.
Nano silica is a white fluffy powder composed of high purity amorphous silica powder. Because of its small particle size, nano-SiO2 had the advantages of large specific surface area, strong surface adsorption, large surface energy, high chemical purity and good dispersion.
Rising demand from the rubber industry in light of the growing automotive industry is expected to be a key factor propelling market growth. In addition, growing use of nano silica as an additive in various application segments such as concrete and rubber, and growing demand for coatings due to growth in coatings applications in the construction industry is expect to propel the growth of the market in coming years. Nano silica is being highly publicized as a promising cementitious admixture in concrete apart from paints, coatings, and rubber additives. Nano silica has the potential to leverage the mechanical and durability attributes of concrete. The ever-evolving construction industry is another key driver, which is fueling the growth of the nano silica market. As such, the construction industry is creating a demand for supplementary cementitious materials (SCMs)-like nano silica to enhance the properties of concrete.
Nano silica is gaining increased popularity for cementitious admixtures in concrete to deploy improved load-carrying capacity. Since nano silica is extremely fine, it helps to strengthen the microstructure of the cementitious matrix as a result of its pozzolanic activity. Thus, companies in the nano silica market are increasing the availability of silica nanoparticles in the construction industry where workers combine the novel element with other SCMs such as fly ash, micro silica, and risk husk ash among others. These factors are expected to drive the growth of the market during the forecast period.However, toxicity of silica fumes is expected to hamper the growth of the nano silica market during the forecast period. Furthermore, growing usage of nano silica in RNA/DNA delivery systems in innovation of vaccines is expected to provide growth opportunities for the nano silica market during the forecast period.
The global nano silica market size is segmented on the basis of product, application, and region. By product, it is analyzed across P-type, S-type, and Type III. By application, it is segmented into concrete, rubber, electronics, healthcare, coatings, agriculture, plastics, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major key players operating in the global nano silica market include Evonik Industries, Akzonobel N.V., E. I. DU Pont De Nemours and Company, Cabot Corporation, Nanopore Incorporated, Normet, Fuso Chemical Co. Ltd., Wacker Chemie AG, Dow Corning Corporation, and Bee Chems.
Covid-19 Analysis
- According to the International Monetary Fund (IMF), owing to the outbreak of novel coronavirus (COVID-19), the global economy shrunk by 3.0% in 2020. Many countries are under strict lockdowns, which have forced several sectors to shut down their operations. This has halted manufacturing activities and reduced the demand and production of nano silica.
- The COVID-19 (coronavirus) pandemic has impacted a large number of countries worldwide. Various preventive measures such as lockdowns, suspension of trade activities, and closure of factories are negatively affecting the nano silica market. However, companies in the market landscape are responding positively to the advisory issued by governments to safeguard the health of workers and employees. One of the major drawbacks of the COVID-19 crisis is the temporary shutdown of manufacturing units, which has directly affected revenue generation activities. Coronavirus pandemic has caused a slowdown in global foreign direct investment (FDI). A major shrink in FDI investments indicate adverse effects on the nano silica market, the energy, chemicals, and electronics industries due to closure of factories.
- However, growing investments for infrastructural developments by governments in emerging economies such as Thailand, India, and China are proving to be the key driving factor for the growth of the market in the region.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nano silica market analysis from 2021 to 2031 to identify the prevailing nano silica market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the nano silica market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global nano silica market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
- Type III
- P-Type
- S-Type
By Application
- Concrete
- Rubber
- Electronics
- Healthcare
- Coatings
- Agriculture
- Plastics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Evonik Industries
- Akzonobel N.V.
- E. I. DU Pont De Nemours and Company
- Cabot Corporation
- Nanopore Incorporated
- Nanostructured & Amorphous Materials, Inc.
- Fuso Chemical Co. Ltd.
- Wacker Chemie AG
- Dow Corning Corporation
- Bee Chems
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: NANO SILICA MARKET, BY PRODUCT
CHAPTER 5: NANO SILICA MARKET, BY APPLICATION
CHAPTER 6: NANO SILICA MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Nano Silica Market," the nano silica market was valued at $4.6 billion in 2021, and is estimated to reach $8.6 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.Nano silica is an allotrope of silicon, a poor conductor of electrons and heat. It appears in the amorphous form of a white powder. It is used as an additive for rubber and plastics, as a strengthening filler for concrete and other construction composites, a non-toxic platform for biomedical applications such as drug delivery, biomedical imaging, detecting, therapeutic delivery, monitoring, ablative therapies and diagnostic.
The rising global nano silica production drives the market growth due to an increase in nano-silica usage in various application segments such as concrete, agriculture, gypsum, battery nano-silica others. The ability of raw materials such as silica and silicate to produce nano-silica boosts the market growth. Growing concerns over renewable sources and they envision silica production and for nano-silica. For instance, organic coating, i.e., silica from rice husk, a smart coating material with self-cleaning properties, is applied on surfaces for preventing corrosion and dust. It is a non-toxic, durable coating applied to all household appliances, buildings, automobiles and industrial components.
However, toxicity of silica fumes is expected to hamper the growth of the nano silica market during the forecast period. Furthermore, growing usage of nano silica in RNA/DNA delivery systems in innovation of vaccines is expected to provide growth opportunities for the nano silica market during the forecast period.
By product, the global nano silica market size is studied across P-type, S-type, and Type III. The S-type segment accounted for the largest market share in 2021, owing to its growing consumption as admixture for concrete in building & construction industry. The S-type segment dominated the global nano silica market with more than two-fifths of the total market share in 2021.
By application, the global nano silica market is studied across concrete, rubber, electronics, healthcare, coatings, agriculture, plastics, and others. The rubber segment accounted for the largest market share in 2021, owing to surge in its demand from automotive, and building & construction industry. The rubber segment dominated the global nano silica market with nearly one-third of the total market share in 2021.
Region-wise, the global nano silica market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major nano silica market share in 2021, and dominated the global market with more than two-fifths of the total market share in 2021.
The major players studied and profiled in the global nano silica market are Evonik Industries, Akzonobel N.V., E. I. DU Pont De Nemours and Company, Cabot Corporation, Nanopore Incorporated, Normet, Fuso Chemical Co. Ltd., Wacker Chemie AG, Dow Corning Corporation, and Bee Chems.
Key Findings of the Study
- In 2021, Asia-Pacific dominated the global nano silica market with around 42.7% share, in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 6.6% in terms of value.
- The S-type segment dominated the global nano silica market with around 47.5% of the share in terms of revenue.
- The S-type segment is projected to grow at the highest CAGR of 6.7% in terms of revenue.
- The rubber segment dominated the global nano silica market with around 35.1% of the share in terms of revenue.
- The coatings segment is projected to grow at the highest CAGR of 7.3% in terms of revenue.
COVID-19 Analysis
- According to the International Monetary Fund (IMF), owing to the outbreak of novel coronavirus (COVID-19), the global economy shrunk by 3.0% in 2020. Many countries are under strict lockdowns, which have forced several sectors to shut down their operations. This has halted manufacturing activities and reduced the demand and production of nano silica.
- The COVID-19 (coronavirus) pandemic has impacted a large number of countries worldwide. Various preventive measures such as lockdowns, suspension of trade activities, and closure of factories are negatively affecting the nano silica market. However, companies in the market landscape are responding positively to the advisory issued by governments to safeguard the health of workers and employees. One of the major drawbacks of the COVID-19 crisis is the temporary shutdown of manufacturing units, which has directly affected revenue generation activities. Coronavirus pandemic has caused a slowdown in global foreign direct investment (FDI). A major shrink in FDI investments indicate adverse effects on the nano silica market, the energy, chemicals, and electronics industries due to closure of factories.
- However, growing investments for infrastructural developments by governments in emerging economies such as Thailand, India, and China are proving to be the key driving factor for the growth of the market in the region.
Companies Mentioned
- Evonik Industries
- Akzonobel N.V.
- E. I. Du Pont De Nemours and Company
- Cabot Corporation
- Nanopore Incorporated
- Nanostructured & Amorphous Materials, Inc.
- Fuso Chemical Co. Ltd.
- Wacker Chemie AG
- Dow Corning Corporation
- Bee Chems
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 282 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 4.6 billion |
| Forecasted Market Value ( USD | $ 8.6 billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
