Asia Pacific Colloidal Silica Market to Grow at a CAGR of 6.5% to reach US$ 525.0 Million from 2021 to 2028

Asia Pacific Colloidal Silica Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Alkaline, Acidic, Modified, and Ordinary) and Application (Pulp and Paper, Building and Construction, Paints and Coatings, Electronics and Semiconductors, Pharmaceutical, Investment Casting, and Others)

Report Code : TIPRE00028881
Category : Chemicals and Materials

Status : Published
No. of Pages : 185

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The Asia Pacific colloidal silica market was valued at US$ 338.4 million in 2021 and is projected to reach US$ 525.0 million by 2028; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.

Colloidal silica is a dispersion of amorphous silicon dioxide particles in water. It is widely used across pulp & paper, pharmaceutical, electronics, and other industries. The bonds formed by colloidal silica during the chemical processing are thermally stable and chemically inert. It is a highly used catalyst in many industries for product formation. Colloidal silica is a majorly used binder in the investment casting industry. Moreover, numerous applications of colloidal silica, such as flocculants and surface modification, are driving the consumption. The market for colloidal silica in Asia Pacific is highly competitive due to the presence of regional players.

In 2020, China held the largest share of the Asia Pacific colloidal silica market. The growing end-use industries such as paints & coatings, pharmaceuticals, pulp & paper, and electronics are driving the demand for colloidal silica in the country. The investment casting industry in China is growing at the fastest rate with an increase in the number of manufacturers in the country, which is resulting in increased consumption of colloidal silica. Additionally, colloidal silica is used in a wide range of applications in manufacturing industries in China – as a performance-enhancing additive to concrete, an abrasive polishing agent, a catalyst attrition resistance, and a ceramic fiber binder. China is the largest exporter and producer of automotive castings globally; therefore, the casting industry is highly dominated by China. All these factors have led to the growth of the colloidal silica market during the forecast period.

Impact of COVID-19 Pandemic on Asia Pacific Colloidal Silica Market

The COVID-19 pandemic affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 pandemic disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. Asia Pacific has a lot of industries that use colloidal silica, and the adverse effect of the pandemic on investment casting, paints & coatings, chemical industries negatively impacted the demand for colloidal silica from these industries.

Further, the pandemic caused fluctuations in raw material prices of colloidal silica. However, since the start of the COVID-19 pandemic, there has been a significant increase in the demand for the electronics & semiconductors, but the overall supply-demand gap has hampered the market in the region. This factor has been responsible for negatively impacting the colloidal silica market to some extent. Furthermore, the demand for colloidal silica is expected to rise in the region as various economies revive their operations.

Asia Pacific Colloidal Silica Market Breakdown – by Region

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Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights
Versatility of Colloidal Silica

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 materials in chemical processing.

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 flocculant application due to its availability in various grades with cationic and anionic sol charges. Colloidal silica is an excellent flocculant 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.

Application Insights

Based on application, the Asia Pacific colloidal silica market has been segmented into pulp and paper, building and construction, paints and coatings, electronics and semiconductors, pharmaceutical, investment casting, and others. The others segment accounted for the largest market share in the Asia Pacific colloidal silica market in 2020. The other segment includes thickening agent, abrasion resistant, and rheological additive. Colloidal silica is used as an epoxy thickening additive to maintain the viscosity of the epoxy. It is used as a rheological additive in personal care products to control flowability. The diverse application of colloidal silica in manufacturing industries has increased the demand for colloidal silica in the region.

Asia Pacific Colloidal Silica Market, by Product Type – 2020 and 2028

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Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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Asia Pacific Colloidal Silica Market: Strategic Insights

Asia Pacific Colloidal Silica Market

CAGR (2021 - 2028)
6.5%

Market Size 2021
US$ 338.4 Million

Market Size 2028
US$ 525.0 Million

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

Nouryon
Nissan Chemical Corporation
Jinan Yinfeng Silicon Products Co Ltd
FUSO CHEMICAL CO LTD
YOUNG IL CHMICAL CO LTD
Zhejiang Yuda Chemical Co Ltd
Dr Khan Industrial Consultants Pvt Ltd DKIC
GuangDong Well Silicasol Co ltd
Qingdao Hai Wan Chemical Group Co Ltd

Regional Overview

Asia-Pacific

Market Segmentation

Product Type

Alkaline
Acidic
Modified
Ordinary

Application

Pulp and Paper
Building and Construction
Paints and Coatings
Electronics and Semiconductors
Pharmaceutical
Investment Casting

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Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Nouryon; Nissan Chemical Corporation; Jinan Yinfeng Silicon Products Co., Ltd.; FUSO CHEMICAL CO., LTD.; YOUNG IL CHMICAL CO., LTD.; Zhejiang Yuda Chemical Co., Ltd.; Dr. Khan Industrial Consultants Pvt. Ltd. ( DKIC); GuangDong Well-Silicasol Co., Ltd; Qingdao Hai Wan Chemical (Group) Co., Ltd.; and BeeChems are among the major players operating in the Asia Pacific colloidal silica market. Players operating in the Asia Pacific colloidal silica market are constantly focusing on strategies such as investments in research and development activities and new product launches. These market players are highly focused on the development of high-quality and innovative product offerings to fulfill the customers’ requirements.

Report Spotlights

Progressive industry trends in the Asia Pacific colloidal silica market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the Asia Pacific colloidal silica market from 2019 to 2028
Estimation of demand for colloidal silica in Asia Pacific
Recent developments to understand the competitive market scenario
Market trend and outlook, as well as factors driving and restraining the growth of the Asia Pacific colloidal silica market
Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
The size of the Asia Pacific colloidal silica market at various nodes
Detailed overview and segmentation of the market, as well as the Asia Pacific colloidal silica industry dynamics
Size of the Asia Pacific colloidal silica market in various regions with promising growth opportunities