A recent report published by Infinium Global Research on nano silica market provides an in-depth analysis of segments and sub-segments in the global as well as regional nano silica market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional nano silica market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global nano silica market. According to the report, the global nano silica market is projected to grow at a CAGR of 7.63% over the forecast period of 2019-2025.
The rise in the trend of using nanocomposites in the products to improve their physical characteristics has been observed in the recent period. By using nanocomposites in the materials their appearance and the mechanical properties are enhanced. Nano silica has found its application in various end-use industries including concrete, healthcare, rubber, plastics, and others. The Nano silica market is relatively new yet it is highly competitive in nature. The major players in the market such as Akzo Nobel N.V., NanoPore Incorporated, Dow Corning Corporation, Cabot Corporation, Evonik Industries AG, Fuso Chemical Co., Ltd., and others are focusing on developing environment-friendly and sustainable nano silica that can be used in various applications.
The availability of raw material in abundance for producing nano silica is majorly driving the nano silica market. Silica and silicate which are the primary raw materials for the production of nano silica are easily available in nature, which makes its production cost-effective. Moreover, the increasing adoption of nano silica in rubber and concrete application is expanding the growth of the nano silica market. The use of nano silica in rubber and concrete as an additive and for reinforcement improves their mechanical properties. Furthermore, the growing concerns regarding the environment and renewable resources are supporting the demand for the nano silica. However, the high cost of equipment and technology used in the production of nano silica is the major restraining factor for the growth of the nano silica market. Nevertheless, the rising investment in research & development activities is expected to offer lucrative opportunities for the key players in the nano silica market.
In terms of region, Asia-Pacific generated the highest revenue for nano silica, dominating the global market. The largest market share of the Asia-Pacific region attributed to the growing construction activities in emerging economies including China and India and increase in the demand from industrial activities in various application sectors such as coatings, rubber, agriculture, food, concrete, healthcare & medicine, and others. Moreover, the presence of major end-user companies in the region is anticipated to boost the North American nano silica market.
The report on global nano silica market covers segments such as type, and application. On the basis of type, the sub-markets include P-type, and S-type. On the basis of application, the sub-markets include rubber, coating, healthcare, plastics, agriculture, concrete, and other applications.
The report provides profiles of the companies in the market such as Akzo Nobel N.V., NanoPore Incorporated, Dow Corning Corporation, Cabot Corporation, Evonik Industries AG, Fuso Chemical Co., Ltd., Wacker Chemie AG, Nanostructured & Amorphous Materials, Inc., Nanoshel LLC, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of nano silica market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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