Increase in use of nano silica as an additive in concrete mixture and growing usage of the property in the electrical industry drive the global nano silica market.
Allied Market Research published a report, titled, “Nano Silica Market by Product (P-type, S-type, and Type III) and Application (Concrete, Rubber, Electronics, Healthcare, Coatings, Agriculture, Plastics, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.” According to the report, the global nano silica industry was estimated at $3.6 billion in 2020, and is anticipated to hit $6.4 billion by 2030, registering a CAGR of 6.0% from 2021 to 2030.
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COVID-19 impact analysis:
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The nano silica market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the nano silica market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the nano silica market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The rubber segment contributed to the lion’s share in 2020, holding nearly one-third of the global nano silica market, due to the fact that nano silica is used to increase the mechanical strength of vulcanized rubber by acting as a reinforcing agent. However, the coatings segment is projected to manifest the fastest CAGR of 7.2% from 2021 to 2030, due to rising construction & infrastructure activities and growing public-private partnership (PPP) projects in the domestic construction sector across the world.
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Some ruling enterprises in the global nano silica market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global nano silica industry include Akzonobel N.V., E. I. DU Pont De Nemours and Company, Fuso Chemical Co. Ltd., Cabot Corporation, Nanopore Incorporated, Dow Corning Corporation.
The market across Asia-Pacific, followed by North America, dominated in 2020, garnering nearly half of the global nano silica market. Simultaneously, the same region is also expected to cite the fastest CAGR of 6.5% throughout the forecast period. This is because rapid urbanization has led to surge in building and construction activities across the developing countries such as China and India.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the nano silica market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the nano silica market
- Post-sales support and free customization
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