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Fumed Silica Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt.) Ltd.)
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www.marketresearchfuture.com2 Fumed Silica Market Research Report- Forecast to 2023 Market Research Future has reported that the Global Fumed Silica Market is expected to witness higher than average growth at a CAGR of 7.80% during the forecast period from 2017 to 2023. The Fumed Silica Market generated a value of USD 989 Mn in 2016, and at its projected CAGR the market is poised to reach an estimated value of USD 1662 Mn by the end of 2023. Applications of Fumed Silica include, but are not limited to, use as a thickening agent, an anti-caking agent in free-flowing powders, as a desiccant, as a light diffuser in cosmetics, as a light abrasive, and several others. Many end-use industries use Fumed Silica for its various properties, the growth of associated industries in a rapidly growing economic scenario has significantly improved the demand for Fumed Silica. Emerging economies of the globe are being recognized as a prime market with expansion opportunities due to rising disposable incomes as well as the presence of significant manufacturing sectors in these countries. The major scope of application for Fumed Silica is primarily in adhesives & sealants and paint & coatings for automotive and construction sectors. Growing construction activities in emerging markets as well as for upkeep of existing infrastructure in developed markets are expected to lead to an increased demand for fumed silica. Moreover, the material is highly affordable making it a common and popular choice. The pharmaceutical industry is an up and coming sector for the sales of Fumed Silica as healthcare investments rise worldwide. However, demand for Bio-Based Fumed Silica is growing, and the development of this alternative is expected to challenge the growth of the market over the coming years. Fumed Silica Market - Overview
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www.marketresearchfuture.com3 Fumed Silica Market Research Report- Forecast to 2023 MRFR’s analysis of the Fumed Silica Market segments it on the basis of Type, Application and Region. Types of fumed silica have been broadly segmented into hydrophilic fumed silica, and hydrophobic Fumed Silica. Applications of Fumed Silica have been segmented into silicon rubber, adhesives & sealants, paints & coatings, pharmaceuticals, cosmetics, battery gel, UPS, and others. Among these, the paint & coatings industry was observed to have captured a market share of more than 30% of the total market. The pharmaceutical sector is anticipated to witness highly promising growth over the forecast period due to growing applications as healthcare investments are growing. Global analysis of the market has segmented the market into key regions which include North America, Latin America, Europe, the Middle East & Africa, and the Asia Pacific. View Full Press Release @ https://www.marketresearchfuture.com/reports/fumed-silica-market-4542https://www.marketresearchfuture.com/reports/fumed-silica-market-4542 Segmental Analysis
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www.marketresearchfuture.com4 Fumed Silica Market Research Report- Forecast to 2023 Regional Outlook The Asia Pacific secured the largest share of the market of over 35% in 2016. Country-level markets such as China have established themselves in a leadership position in the APAC Fumed Silica Market. Rapidly growing economies with significant growth in industries such as automotive, construction, paint & coatings and healthcare. The APAC has a significant paint & coatings market which drives the Fumed Silica Market in the region. Increased demand for products and services from these industries has resulted in rising demand for Fumed Silica. The APAC region has additionally established itself as a manufacturing hub and has attracted the attention of international players who recognize the potential the regional market represents. North America follows the APAC Fumed Silica Market in terms of size which covers roughly a fourth of the global market. Europe represents the third largest share, with Russia representing the fastest growing country-level market in the region. The Middle East & Africa is also a growing regional market due to the presence of rapidly emerging economies such as U.A.E & Saudi Arabia.
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www.marketresearchfuture.com5 Fumed Silica Market Research Report- Forecast to 2023 Major Players in this Research Fumed Silica Market Prominent Players: Evonik Industries AG (Germany) Wacker Chemie AG (Germany) Cabot Corporation (U.S.) Tokuyama Corporation(Japan) PPG Industrie, Inc (U.S.) 3M(U.S.) Dalian Fuchang Chemical Co., Ltd(China) Kemitura Dongyue Group Ltd. (China) Power Chemical Corporation Ltd (UK) Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4542https://www.marketresearchfuture.com/sample_request/4542
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www.marketresearchfuture.com6 ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.comwww.marketresearchfuture.cominfo@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.
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www.marketresearchfuture.com7 MARKET RESEARCH FUTURE THANK YOU salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK)
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