Fumed Silica Industry 2022 Future Trends And Industry Research Report 2030
Fumed Silica Industry Market Fumed silica, also known as pyrogenic silica, is used across major industries due to its ability to increase corrosion and rust-resistant properties. Fumed Silica Market is projected to be worth USD 1662.0 Million by 2030, registering a CAGR of 3.3% during the forecast period (2020–2027). Market Scope The global Fumed Silica Market size can touch a size of USD 1,662 million by 2023. It was valued at USD 989 million in 2016. Its properties make it practical for use in paints and coatings, adhesives, sealants, food additives, deformers, cosmetics, inks, toners, and others. Huge demand for these solutions in the automotive and construction sectors is likely to fuel the market to expand at 7.80% CAGR over the forecast period. The cost-effective nature of fumed silica is bound to be attractive to end-user industries and fuel the market demand in the coming years. The pharmaceutical industry is one of the biggest end-users of fumed silica owing to its appl...