Nanosilica Market to be Dominated by Rubber Industry Applicability Through 2028
Rising demand from Rubber
Industry is expected to drive Global Nanosilica market in the forecast period
2024-2028.
According
to TechSci Research report, “Nanosilica Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Global Nanosilica market is anticipated to
upsurge at an impressive rate in the forecast period 2024-2028. A significant
factor fueling the growth of the Global Nanosilica Market is the increasing demand
from the coating sector, as superhydrophobicity in the coating results in a
high water contract and a low sliding angle. Moreover, the increasing
investment in research and development activities by market players for developing
new and innovative applications for nanosilica, which is creating new
opportunities for growth and expansion as well as increasing focus on
sustainable and eco-friendly products rising demand for nanosilica, result in
the growth of the nanosilica market. The
use of Nanosilica is increases because of its low-cost as compared to carbon
nanotubes and act as reinforcing agent for rubber and concrete help in
improving the mechanical properties which result in, the growth of Global
Nanosilica Market in the forecast period.
For
instance, in 2020, according to U.S. Census Bureau around 1.4 million units of both residential
and commercial building were constructed across the country.
Furthermore,
the market is being further stimulated by the extensive use of Nanosilica in the
plastic rubber industry, paint &
coatings, and healthcare.
However, the high cost of production can slow down market growth. Also, the emission
of silica fumes can further slowdown the market growth.
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the "Global Nanosilica Market"
Global
Nanosilica Market is segmented based on type, application, and region.
Based
on type, the market is segmented into p-type (porous), s-type (spherical), and
others. P-Type segment will experience the highest market share during the
forecast period, 2024-2028. It is an excellent admixture for concrete as it
leads to better engineering properties.
Based
on application, the market is segmented into rubber, coatings, plastics, battery,
and others. Rubber segment will experience the highest market share during the
forecast period, 2024-2028. Nanosilica enhances the mechanical properties of
vulcanized rubber and also increases the tensile strength of natural rubber.
Major
companies operating in the Global Nanosilica Market are:
- Evonik Industries AG
- NanoPore Incorporated
- nanoComposix
- Bee Chems
- Cabot Corporation
- AkzoNobel N.V.
- Wacker Chemie AG
- Nanostructured & Amorphous Materials, Inc.
- Fuso Chemical Co., Ltd.
- US Research Nanomaterials, Inc.
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“Asia Pacific region is expected to grow
at the highest rate during the forecast period. This
is due to the increasing residential and commercial construction schemes with
rising demand for high-quality construction raw materials and growing application
in paint & coatings in places, including the medical sector. Furthermore,
in North America, increasing investment for research and development by many
players to develop sustainable and eco-friendly products and generating new and
innovative applications for nanosilica is creating huge prospects of market
growth during the forecast period,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Nanosilica Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented
By Type (P-Type (Porous), S-Type (Spherical), Others), By Application (Rubber,
Coatings, Plastics, Battery, Others), By Region and Competition,
has evaluated the future growth potential of Global Nanosilica Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Nanosilica Market.”
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