Colloidal Silica Market Analysis Report 2021-2031
Colloidal Silica Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ 641.28 Million |
Market Size by 2031 | US$ 885.18 Million |
Global CAGR (2024 - 2031) | 4.7% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Colloidal Silica Market News and Recent Developments
The colloidal silica market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market are listed below:
- Evonik Industries AG started the production of ultrahigh-purity colloidal silica for semiconductor industries at its new facility in Weston, Michigan. The new facility serves as a strategic addition to Evonik's portfolio and a testament to its commitment to providing innovation and supply security for its customers in the semiconductor market. (Evonik, Company Website, 2024)
- Nouryon Chemicals Holding BV completed the expansion of its Levasil colloidal silica product manufacturing capacity by nearly 50% for at its manufacturing facility located in Green Bay, Wisconsin, US. With this scale-up, the company addresses the rising demand for colloidal silica, particularly in North America, which strategically helps it expand its global colloidal silica manufacturing footprint to serve regional and international customers. (Nouryon Chemicals Holding BV, Company Website, 2024)
- Evonik Industries AG built a new plant to produce ultrahigh-purity colloidal silica at its site in Weston, Michigan, US. With this new plant, the company is expected to become one of the only players in the market that can reliably produce the colloidal silica required for chemical mechanical planarization (CMP), a process step in microchip production in the necessary quality and purity. (Evonik, Company Website, 2023)
- AMS Applied Material Solutions announced a multi-faceted plan to expand its operations in Singapore by 2030. The plan aims to strengthen the company's global manufacturing and R&D capabilities, broaden technology ecosystem partnerships in Singapore, and promote local workforce development. (AMS Applied Material Solutions, Company Website, 2022)
Colloidal Silica Market Report Coverage and Deliverables
The "Colloidal Silica Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Colloidal silica market size and forecast for all the key market segments covered under the scope
- Colloidal silica market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Colloidal silica market analysis covering key market trends, country framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market
- Detailed company profiles