According to a market report by Lucintel, the future of the nano silica market looks promising with opportunities in the rubber, healthcare & medicine, food, coatings, plastics, concrete, electronics, and agriculture industries. The global nano silica market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected grow with a CAGR of 7% to 9% from 2020 to 2025. The major drivers for this market are increasing usage of nanosilica in various applications, such as concrete, rubber, plastics, healthcare and medicine, and others
In this market, P-type and S type are the major type of Nano silica used in a wide range of industries. Lucintel forecasts that P-type will remain the largest segment due to growing demand in the concrete industry
Within the nano silica market, rubber will remain the largest application during the forecast period due to increasing usage as an additive in various types of rubbers including natural rubber, silicone rubber, EPDM, and others
Asia Pacific will remain the largest region the forecast period due growth in construction, electronics, healthcare, and agriculture industries.
Dow Corning, Wacker Chemie, NanoPore Incorporated, Evonik Resource Efficiency, Cabot, Akzo Nobel., Nanostructured & Amorphous Materials, Fuso Chemical, DuPont, and Songyi Advanced Materials are among the major nano silica manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global nano silica market by product, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Nano Silica Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst fo r growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global nano silica market by product, application, and region as follows:
By Product [volume (kilotons) and $M shipment analysis for 2014 – 2025]:
By Application [volume (kilotons) and $M shipment analysis for 2014 – 2025]:
Rubber
Healthcare & Medicine
Coatings
Plastics
Concrete
Electronics
Agriculture
Others
By Region [volume (kilotons) and $M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.