Colloidal Silica Market Size, Share and Growth Analysis by 2028

The colloidal silica 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.

Colloidal silica is an essential component in the making of sol silicate paint. Colloidal silica is used in combination with potassium silicate as the main binder in manufacturing sol silicate paint. The chemical is also available in low biocide or biocide-free solutions. Colloidal silica helps improve the weather resistance of paint, lower solubility and pH of the binder, and reduce alkalinity. Additionally, it helps improve film properties and adhesion and minimize internal stress, a significant problem in inorganic coatings.

Colloidal silica is used in sol silicate paints to obtain anti-soiling properties resulting in dirt repulsion for painted surfaces. The properties enabled by colloidal silica in coatings result in longer-lasting protection and color in inorganic coatings. Moreover, colloidal silica aids in dispersion, the colloidal silica particles help prevent re-agglomeration by acting as a physical barrier and helping keep dispersed material separated by adsorbing on the surface. The anti-blocking properties of colloidal silica also aid in making the paints and coatings by making surfaces more hydrophilic, resulting in moisture being retained on the surface, which can then get dried out, thus reducing the tackiness. The property of adhesion of colloidal silica is applied in the molecular interaction of waterborne coatings and adhesives with substrates.

In 2020, Asia Pacific held the largest share of the global colloidal silica market and is estimated to register the highest CAGR in the market during the forecast period. Colloidal silica is widely used in chemical mechanical planarization (CMP) slurries. Furthermore,  it is used in the electronics & semiconductor industry as a polishing agent. Furher, Asia Pacific is known as a major hub for semiconductor manufacturing globally. As the demand for consumer electronics is growing, the semiconductor industry is booming in Asia Pacific. Asia Pacific consists of major players in the semiconductor industry, such as Taiwan, which is the world's second-largest chip economy by revenue. Moreover, despite some slowdowns in the industry, automotive applications are expected to drive capital expenditure in the semiconductor industry in Asia Pacific. The demand for semiconductors is consistently growing, which was evident in 2020 when the demand reached very high, leading to a shortage of semiconductors. Therefore, to meet the demand for semiconductors, many manufacturers in Asia Pacific are scaling up production levels which are benefiting the growth of the market.

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Colloidal Silica Market: Strategic Insights

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Impact of COVID-19 Pandemic on Colloidal Silica Market

Before the COVID-19 pandemic, the market was mainly driven by the high demand for this compound in the paints & coatings, paper & pulp, investment casting, and electronics & semiconductors industries. However, in 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic also caused fluctuations in the prices of raw materials used in silicon. As a result, the demand for colloidal silica in applications such as paints and coatings reduced in early 2020.

Market Insights

Growth of Investment Casting Industry

Investment casting is used across many end-use industries segmented as high added value, automotive, and other applications. High added value end-use consists of power generation and aerospace industries, including various applications such as IGT spares, IGT new, defense aerospace, and commercial aerospace. Furthermore, automotive includes applications such as non-engine parts, combustion engines, and APV engines. Other applications are categorized under general engineering, biomedical, oil & gas, defense, and commercial industries.

Product Type Insights

Based on product type, the global colloidal silica market is segmented into alkaline, acidic, modified, and ordinary. In 2020, the alkaline segment accounted for the largest revenue share. Alkaline colloidal silica is produced by polymerizing silica nuclei from silicate solutions under alkaline conditions to form nanometer-sized silica sols with a high surface area. The charge on the surface allows the silica particles to repel one another and form a silica dispersion. The major application of alkaline colloidal silica is in the paints, coatings, building and construction, cleaning, and ink industries. Alkaline colloidal silica functions in the paints, coatings, and ink industry as an abrasion and scratch resistance, adhesion, anti-blocking, and anti-soiling agent with applications in paint, cool roof coatings, silicate paint, and wood coatings. The building & construction industry applies alkaline colloidal silica as adhesives. Also, the cleaning industry uses colloidal silica as a hard surface cleaning and functions as a wetting and anti-soiling agent.

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 players operating in the colloidal silica market. These companies provide a wide range of product portfolio for the market. The companies have their presence in the developing regions, which provides lucrative opportunities for colloidal silica market growth. The market players are developing high-quality and innovative products to meet the customer’s requirements.

Colloidal Silica Market Regional Insights

The regional trends and factors influencing the Colloidal Silica Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Colloidal Silica Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Colloidal Silica Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Colloidal Silica Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Colloidal Silica Market are:

1. Cabot Corporation
2. Ecolab, Inc.
3. Evonik Industries AG
4. FUSO CHEMICAL CO.
5. Jinan Yinfeng Silicon Products Co. Ltd

Disclaimer: The companies listed above are not ranked in any particular order.

Report Spotlights

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

The "Global Colloidal Silica Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global colloidal silica market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The colloidal silica market is segmented on the basis of product type, material, application, and geography. By product type, the colloidal silica market is segmented intoalkaline, acidic, modified, and ordinary. By end user, the 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.

Company Profiles:

• Nouryon
• Nissan Chemical Corporation
• Jinan 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
• Ecolab