Global Colloidal Silica Market Report, Industry Analysis and Forecast to 2029

The global Colloidal Silica market was valued at USD 930 million in 2021 and is projected to reach USD 1265.60 million in 2029, at a Compound Annual Growth Rate (CAGR) of 4.43% during the forecast period 2022-2029.

Colloidal silica is a dispersion of amorphous silicon dioxide (silica) particles in water. Colloidal silica is highly fluid with low viscosity. Particle size typically varies from 5nm to 40nm, and particle size distribution can vary from narrow to wide depending on the manufacturing process. It has a wide range of applications including it's use in the paper manufacturing process to draw liquid from the finished paper quickly.

There are different types of applications of colloidal silica which includes building & construction, paper & pulp, paints & coating, electronics, metallurgy and others. Additionally, these colloidal solutions can be alkaline or acidic with different particle sizes. This report emphasises the product type, particle size and application of the colloidal silica in different regions and countries over the forecast period.

Global Colloidal Silica Market Overview

The global demand of colloidal silica is booming as it is being used in many different industries such as increasing demand for concrete and cement in the construction industry globally and for silicon wafers for the production of integrated circuits in electronic devices is expected to drive the market growth during the forecast period. Despite the significant growth, there are factors like logistic issues, supply chain disruption, export restrictions and others which can hamper the market growth.

Colloidal Silica Market Dynamics

Research & Development activities in the field of colloidal silica for numerous potential applications with improved physical and chemical properties of the colloidal solution are likely to create lucrative opportunities for the market in the coming years. 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 which has significantly contributed to the market growth in the recent years. Stringent government regulations on the use of protective coating has fueled the use of green coating in the automotive industry, which continues to escalate the global colloidal silica market growth.

The usage of colloidal silica is an active chemical ingredient for the development of many pharmaecutical tablets which is one of the major factor for market growth. Furthermore, the effective use of Colloidal Silica is in the Manufacturing Industry. There has been an expansion in the usage of Colloidal Silica in the Manufacturing Industry  to make complex parts used in military, medical, airline, automotive, aerospace, thereby the fueling global Colloidal Silica market.

However, high price volatility of raw materials used in manufacturing of colloidal silica continues to be the concerning factor for the market players which can hamper the market growth.

Colloidal Silcia Market Report Outlook

The Colloidal Silica market report focuses on different aspects regarding different type of applications and products, and for different particle size of the colloidal silica solutions. The research analyses the different types of application, product type and particle size of the product in order to obtain a better understanding regarding the growth and trends of the market since 2019 which also facilitates the estimation of the upcoming growth of the market in the next 7 years.

Colloidal Silica Market Competitive Landscape

The report also holds competitive analysis which can be used to differentiate different types of products; technologies used in manufacturing the products; prices; innovation in R&D; organic and inorganic growth strategies; financial analysis to determine the revenue generation and other key aspects of the finance; new partnership, joint ventures, collaborations, and acquisitions; market share of the top competitors in the market; and understand the growth strategies being undertaken by these major players to analyse the future market trends.

For instance, in March 2019, Nouryon (formerly Akzonobel Specialty Chemical) completed the expansion of colloidal silica in Sweden. The expansion has increased the production capacity of colloidal silica at the company's Bohus site in Sweden. Additionally, in February 2019, W.R. Grace & Co. started the construction of a novel colloidal silica plant at the company's leading manufacturing and R & D center in Worms, Germany.

Other major players holding prominent share in the colloidal silica market include Ecolab Inc., Cabot Corporation, Nissan Chemical Corporation, PPG Industries, Nouryan, Evonik Industries, Adeka Corporation, Solvay SA, Imreys SA, W.R. Grace & Co. among others. There are several regional and local players in this market across the globe which are contributing towards the revenue growth of the market and thus expected to flourish with new launches and expansion in the upcoming years.

Colloidal Silica Market Regional Analysis

The market synopsis will also cover the regional dynamics and growth prospects which would include regions- North America, Asia Pacific, Europe, Latin America, Middle East and Africa. These regions will be analysed per countries on the basis of market drivers, restraints, opportunities, and trends to get a closer view of the market studied.

The Asia-Pacific region is one of the rapid-growing markets for Colloidal Silica and is expected to acquire a significant share in the market during the forecast period owing to the factors like increasing population, increase in growing income families, young people, and demand in the domestic and regional markets have elevated the need for Colloidal Silica in these regions. China and India are the primary consumers in Asia-Pacific Region. Furthermore, rising integration of semiconductor chips into day-to-day use devices has led to an increase in demand leading to  increased investment in new semiconductor chip-making factories, securing their supply chain and thereby driving the growth of the Colloidal Silica market.

North America is expected to register a substantial stake in the colloidal silcia market. The growth of investment casting industry and versatility of colloidal silica are the critical factors attributed to the market expansion in the region. Furthermore, the market for investment casting is growing due to the growth of end-use industries across the region which will in turn propel the colloidal silica market growth.

The versatility of colloidal silica has ensured the consistent demand for the chemical from various end-use industries that are anticipated to grow over the coming years. Therefore, the growth of end-use industries drives the market for colloidal silica across different regions. Scrutinizing these factors for the countries are expected to enhance the value chain of the Colloidal Silica market and aid us with better insights about the same.

Colloidal Silica Market In-depth Analysis Aspects

To mention certain other aspects which will include the Porter Five Forces, Pricing analysis, PESTEL Analysis, Export-Import data, and Industry Value Chain will also bind the analysis of the report.

Research Methodology

The study period of the market is considered to be 10 years (2019-2029) which will be analysed through the two major research techniques – Primary and Secondary Research methods. The primary research method includes the interviews of the key personnel in the industry considered as the industry experts, major distributors, suppliers, and consumer base sample survey to understand the direct perspective of the market. Additionally, these data are backed by the secondary research method which includes company overview through websites, annual reports, SEC filings, investor presentations, news, and databases. The growth trends are always measured on the basis of current and past scenarios considering any recent news which can drastically impact the growth rate of the market studied. Moreover, the consumption forecast depends on the company’s upcoming plans and revenue generation aspects.

Benefits of The Report

• The report is designed to understand the past, present and future market scenarios considering all the growth, restraining, and other factors influencing the market studied.
• The report is designed with the assistance of the industry experts for better understanding on the market studied
• The market is analysed with in-depth study of the company’s view on the market considering the present economical, political, social, geographical, and legal factors.
• To gain a clear insight for better future perspective of the market studied in 360 degree synopsis.
• Understand the competition in the market being a part of the market or a new entrant in the market.
• Analyse the different aspects in different geographies influencing the growth of the market through diverse consumer base.