LONDON--(BUSINESS WIRE)--The global nanosilica market size is poised to reach USD 1.71 billion by 2023, according to a new report by Technavio, progressing at a CAGR of nearly 8% during the forecast period.
Read the 163-page research report with TOC on " Nanosilica Market Analysis Report by application (rubber, coatings, concrete, agriculture, plastic, healthcare, and other applications), by type (P-type, S-type, Type III) and geographical regions (North America, Europe, APAC, South America, and MEA) 2019 - 2023". Request Free Sample Pages
The market is driven by the growing demand for nanotechnology. In addition, growing demand for nanosilica from developing countries is anticipated to further boost the nanosilica market during the forecast period.
Currently, nanotechnology is gaining importance in various applications such as paints and coatings, concrete, and plastics. The popularity of nanotechnology can be attributed to its characteristics that enhance the performance of the applied surface. Nano particles, such as nanosilica, are used as fillers or additives to enhance physical properties of composites. They provides hardness, UV resistivity, scratch resistance, and antistatic properties to materials. Nanoparticles are very small in size and are responsible for properties such as larger surface area and better performance. They are widely used in the healthcare, construction, cosmetics, and automotive sectors. These diverse applications are expected to boost the growth of the global nanosilica market during the forecast period.
The demand for nanosilica from developing economies, such as China, India, Brazil, Mexico, the Philippines, and Indonesia, is expected to rise significantly during the forecast period, owing to the growth of end-user industries, such as electrical and electronics, automotive, and construction. Nanosilica is widely used as a filler or additive in the processing of rubber, coatings, and plastics. These materials are primarily used as raw materials in end-user industries such as electrical and electronics, automotive, and construction. Hence, the growth in end-user industries will lead to an increase in the consumption of nanosilica.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Akzo Nobel NV
- Bee Chems
- Cabot Corp.
- DuPont de Nemours Inc.
- Evonik Industries AG
- Fuso Chemical Co. Ltd.
- Nanopore Inc.
- Nanoshell Co.
- Wacker Chemie AG
Market Segmentation by Category and Product Types:
The Nanosilica Market can be broadly categorized into the following applications:
- Other applications
Key Regions for the Nanosilica Market:
Featuring a breakdown of region wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
Market segmentation analysis
- Market definition
Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Materials Market are:
Seam Tapes Market – Global Seam Tapes Market by material (PU and PVC) and geography (APAC, Europe, MEA, North America, and South America).
Ready-mix Concrete Market – Global Ready-mix Concrete Market by application (non-residential and residential) and geography (APAC, Europe, MEA, North America, and South America).
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