Global sales of colloidal silica is estimated to surpass 403,700 tons through 2029, says the recently published report by Fact.MR. Increasing requirement for effective binders is estimated to load the dice in favor of liquid silicon dioxide applications across an umpteen number of applications, including coatings, electronics, construction, thereby creating sustained opportunities for the colloidal silica industry.
According to the research study, electrical equipment & electronics industry will continue to sustain high demand for colloidal silica, for the fact that colloidal silica plays a critical role in producing flat and uniform water surfaces during production of electronic & electrical devices.
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Demand for colloidal silica from coating applications is also registering a significant uptick, owing to rising demand for reinforcing materials for paints and coatings. Customer desire for multipurpose coatings with vigorous physical and chemical properties is on a significant rise, which is further necessitating the adoption of colloidal silica. In addition, growing fad for customized paints and coatings is also setting an optimistic tone for adoption of colloidal silica in the coatings landscape, with global sales estimated to surpass 114, 400 tons in 2019.
Acidic Vs. Alkaline – Gains Remain Marginally Competitive
According to the report, end users will continue to show high preference for acidic colloidal silica. With a market share of over 50% in 2018, acidic colloidal silica will remain the highly-preferred formulation type, owing to its exceptional stability. However, the report also finds a gradual leaning towards alkaline colloidal silica and this inclination is likely to gather significant momentum over the years.
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Key players are focusing on establishment of new production and R&D facilities across multiple regions, with a sole objective of catering to regional demands and expanding their geographical reach. For instance, W. R. Grace & Co. flagged off the construction of its new colloidal silica plant at its exclusive European flagship R&D and manufacturing facility in Worms, Germany. The establishment of this new plant will amplify Grace’s technology paradigms and boost the company’s production capability & flexibility. In addition, key companies are also offering custom-made colloidal silica in line with customer requirements and specifications, which will further solidify their product portfolios.
The Fact.MR research study offers a panoramic view of opportunities in the global colloidal silica market over the assessment period. As per the report, the global colloidal silica market is estimated to grow at a volume CAGR of over 5% during the forecast period.
Chapter 1 – Executive Summary
The report then starts with a summary of the colloidal silica market, where global values and growth rate have been provided, coupled with a summary of the market dynamics. An opportunity assessment of the colloidal silica market has also been involved in this chapter, where winning and losing components of the market have been analyzed.
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Chapter 2 – Colloidal Silica Market Overview
The report proceeds with a succinct overview of the colloidal silica market, including an introduction to the market and a formal definition of the target research area – colloidal silica.
Imperative global statistics of the colloidal silica market, such as size (Value – US$ Mn, and Volume – Tons), forecast numbers, and Y-o-Y growth rate, have been offered. A taxonomy table included in this chapter represents key segments identified in the colloidal silica market.
Chapter 3 – Key Market Trends
This chapter offers analysis of key trends influencing growth of the colloidal silica market, along with the product innovation and development trends as well as mega trends impact the market growth.
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