Global colloidal silica market stood at USD 801.74 million in 2021 and is expected to grow at a CAGR of 5.07% during the forecast period on account of increasing demand from various end user industries, especially the semi-conductor industry. Colloidal silica is a suspension of fine amorphous, nonporous, and moderate spherical silica material in a liquid state. It contains a dense and fine unstructured particle of SiO2. Colloidal silica is required by different industries, such as in casting & electronic industries, as a polishing agent, in healthcare industry as drugs and medicine, for treatment agents, and in paper industry, for improving the quality of products in paint industries.
Need for Advancement in Manufacturing Process
In order to meet the demand for colloidal silica created by different end user industries, it is required to make changes in the existing manufacturing process of colloidal silica. Additionally, new innovations and advancements are also required in terms of machinery and equipment which is used to produce colloidal silica. All electronics goods need colloidal silica as a polishing agent or in different ways. Hence, the consumption of colloidal silica in enterprises will be directly impacted. So, the colloidal silica market is expected to grow at an impressive rate.
Colloidal silica can be used as surface toner and cleaner in paper industries; in the acrylic industry it is used as a supplement for polish, coating, and paints to enhance its weather and abrasion resistance, an extra add-on in cosmetics and food industries, the active chemical ingredient in medicines such as paracetamol, and in automobile industry for better resistance, for making green tires and many more. Government policies for green tires will help colloidal silica capture more markets. The intensive and vast use of colloidal silica is expected to make it a highly demanded product in industries during the forecast period.
Increasing investment in R&D
Increasing R&D to find new uses for silica-based products makes this more attractive. Recently, many companies have set up their R&D plants around the globe to have an edge over other players operating in the industry and also to improve their positioning in the market.
In January, 2022, Innovative Chemical Technologies Inc. begun production of specialty colloidal silica sols at their Augusta, Georgia manufacturing facility. This manufacturing unit will help market segments such as paper, coating and paints, industrial and architectural coating, foundry& casting catalyst, and many other industries.
In November 2021, Nouryon announced a new manufacturing facility in Green Bay, Wisconsin, U.S.A. This facility is planned to meet the requirement of the construction and packaging industries.
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Market Segmentation
The global colloidal silica market is segmented based on product type, application, end user industry, region and company.
Market Players
W. R. Grace & Co.-Conn, Akzo Nobel N.V. (Nouryon Holding BV), Merck KGaA, ADEKA Corporation, Allied High-Tech Products, Inc., Nissan Chemical Corporation, The Dow Chemical Company, Cabot Corporation, Evonik Industries AG, Fuso Chemical Co., Ltd. are the leading players operating in the market.
| Attribute | Details |
| Market size value in 2021 | USD 801.74 Million |
| Revenue Forecast in 2027 | USD1084.53 Million |
| United States Market Size Value in 2021 | USD 143.60 Million |
| Growth Rate | 5.07% |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Product Type · Application · End User |
| Regional Scope | North America, Europe, Asia-Pacific, South America, Middle East & Africa |
| Country Scope | United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE |
| Key Companies Profiled | W. R. Grace & Co.-Conn, Akzo Nobel N.V (Nouryon Holding BV), Merck KGaA, ADEKA Corporation, Allied High-Tech Products, Inc., Nissan Chemical Corporation, The Dow Chemical Company, Cabot Corporation, Evonik Industries AG, Fuso Chemical Co., Ltd. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
