Growth of Investment Casting Industry Escalates Colloidal Silica Market Growth
According to our latest market study on “Colloidal Silica Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Alkaline, Acidic, Modified, and Ordinary) and Application (Pulp and Paper, Building and Construction, Paints and Coatings, Electronics and Semiconductors, Pharmaceuticals, Investment Casting, and Others)” the market is projected to reach US$ 1,121.22 million by 2028 from US$ 757.80 million in 2021; it is expected to grow at a CAGR of 5.8% during 2021–2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Colloidal silica is mainly used in matte papers for ink-jet printing. The properties of colloidal silica, such as high internal porosity, hydrophilicity, and surface area, allow easy ink diffusion over the layer of coating. Moreover, colloidal silica helps improve the opacity and brightness of paper. The component is mainly used only in coating function and not in the papermaking process as it results in a surge in the cost of production. However, colloidal silica may be used as a filler in paper manufacturing as the component aids with enhanced mechanical properties, such as internal and tensile bonding, without affecting its brightness or roughness. The property of colloidal silica to enhance filler-fiber bonding is widening the scope of applications for the material used in the pulp & paper industry. Colloidal silica may also be sprayed on paper surfaces to increase frictional coefficient and aid in safe handling and usage.
Colloidal silica is used in building and construction applications as a strength developer, durability enhancer, and stabilizer. Colloidal silica acts as a stabilizer in shotcrete (a mixture of aggregate and Portland cement), improving pumping and spraying ability. It increases early strength, maximum thickness build-up, and reduces rebound. Colloidal silica is also used in precast and self-consolidating concrete (SCC) and enhances rheological properties in combination with high range water reducing agents (HRWR) poly-carboxylates. Colloidal silica reacts with free lime in the high-performance concrete, thus reducing the porosity remarkably. The mixture makes the concrete resistant to chemical attack and more durable. Colloidal silica is also used in freshly laid concrete as a finishing aid and densifies old and fresh concrete.
Nouryon; Nissan Chemical Corporation; inan Yinfeng Silicon Products Co., Ltd.; FUSO CHEMICAL CO., LTD.; Zhejiang Yuda Chemical Co.,Ltd.; CABOT CORPORATION; Evonik Industries AG; MERCK KGaA; The Dow Chemical Company; and Ecolab are among the major key players operating in the global colloidal silica market. The market is expected to remain lucrative in the coming years owing to the increased use of colloidal silica by various end-user industries. The capital cost involved in the production of colloidal silica and operating a manufacturing unit is on the moderate side, influencing an entrant's decision to enter the market. The major manufacturers of colloidal silica have the majority of the share in the market, which makes it difficult for new companies to enter the market. As the colloidal silica market grows, there will be an increase in the number of local and regional manufacturers, which will become a threat to the established players.
Impact of COVID-19 Pandemic on Colloidal Silica Market
Before the COVID-19 pandemic, the demand for colloidal silica in the pharmaceuticals, pulp & paper, electronic & semiconductors industries, among others, drove the market growth worldwide. However, the pandemic led to temporary effects on the operational efficiencies of various industries in the region. The crisis hampered the demand for colloidal silica from various industries.
Global Colloidal Silica Market Breakdown – by Region
Colloidal Silica Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Alkaline, Acidic, Modified, and Ordinary) and Application (Pulp and Paper, Building and Construction, Paints and Coatings, Electronics and Semiconductors, Pharmaceuticals, Investment Casting, and Others)
Colloidal Silica Market Size, Share and Growth Analysis by 2028
Download Free Sample
The report includes the segmentation of the global colloidal silica market as follows:
Based on product type, the colloidal silica market is segmented into alkaline, acidic, modified, and ordinary. Based on application, the colloidal silica market is segmented into pulp and paper, building and construction, paints and coatings, electronics and semiconductors, pharmaceuticals, investment casting, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The colloidal silica market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the rest of Asia Pacific. The colloidal silica market in the Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the rest of the MEA. The market in South and Central America is subsegmented into Brazil, Argentina, and the rest of South and Central America.
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com