Colloidal silica is a highly versatile material used to enhance the properties of many products from various industries such as building & construction, food & beverages, and pulp & paper. Colloidal silica is used for enhancing oxygen barrier properties, improving ink absorption, and forming strong hydrogen and ionic bonds with fibrous and granular material in binder applications. These bonds are chemically inert and thermally stable, making them especially useful for insulation boards, catalysts, specialty coatings, vacuum-formed refractories, and investment casting slurries.
INCREASE IN DEMAND OF WASTEWATER TREATMENT BOTH IN INDUSTRIAL AND RESIDENTIAL SECTOR INFLUENCE THE MARKET GLOBALLY
Colloidal silica adheres well to many surfaces via hydrogen and ionic bonding. The silica particles in colloidal silica increase friction coefficient when applied to the surface, making it suitable for use in industrial and architectural coatings, polishing slurries, flooring, and paper and cardboard. Colloidal silica is utilized for flocculants application due to its availability in various grades with cationic and anionic sol charges. Colloidal silica is an excellent flocculants for insulation board, beverage fining, and paper drainage and retention due to its high binding properties. Versatile applications of colloidal silica have resulted in consistent demand from chemical and other end-use industries that are anticipated to grow over the forecast period. Therefore, the growth of end-use industries drives the market for colloidal silica.
In 2020, Asia-Pacific accounted for the largest share in the global colloidal silica market. Steady growth in the population coupled with the growth in industrialization in the countries increases colloidal silica usage in manufacturing industries. China is highly developing country with large scale manufacturing and industrialization which, in turn creates lucrative opportunities for the colloidal silica market in the region. Further, growing dominance as well as higher production rate of automotive, and the easy availability of raw materials boost the growth of the colloidal silica market in Asia-Pacific.
Some of the major key players operating in the global colloidal silica market include Cabot Corporation; Ecolab, Inc.; Evonik Industries AG; FUSO CHEMICAL CO.; Jinan Yinfeng Silicon Products Co. Ltd; Nissan Chemical Corporation; Nouryon; PPG Industries, Inc.; The Dow Chemical Company; and W.R. Grace & Co.
