Colloidal Silica Industry Analysis in South Asia & Oceania
Study on Colloidal Silica in South Asia & Oceania by Acidic and Alkaline Formulation for Catalysts, Electronics, Construction, Coatings, Refractories, and Investment Castings from 2023 to 2033
Analysis of Colloidal Silica Industry Covering Countries Includes Analysis of India, Thailand, Malaysia, Australia and New Zealand, and Rest of South Asia & Oceania
Colloidal Silica Sales Outlook for South Asia & Oceania (2023 to 2033)
Colloidal silica demand in South Asia & Oceania accounts for a market valuation of US$ 165.5 million in 2023 and is set to rise at 4.3% CAGR over the next ten years. By the end of 2033, sales of colloidal silica in the region are forecasted to reach US$ 260.7 million.
Increasing utilization of colloidal silica in automotive and cosmetics industries is projected to provide new growth opportunities for colloidal silica suppliers operating in South Asia & Oceania over the coming years. Growing investments in R&D of novel silica materials are also forecasted to bolster demand for colloidal silica in this region going forward. The establishment of new semiconductor and electronics manufacturing plants in South Asian countries is also estimated to bolster shipments of colloidal silica through 2033. India, Thailand, and Australia are projected to offer highly attractive returns on investments over the next ten years and beyond.
- Colloidal silica demand in Australia and New Zealand collectively stands at a revenue value of US$ 17.7 million in 2023.
Rapid urbanization and industrialization in the South Asia & Oceania region are propelling infrastructure development activity, which is projected to further bolster colloidal silica demand in the long run. The growing use of colloidal silica in the manufacturing of paints, coatings, binders, and additives is also set to uplift colloidal silica sales in this region through 2033.
- Sales of colloidal silica in construction applications are forecasted to reach US$ 17.4 million by 2033-end.
- South Asia & Oceania set to account for 17.3% of global volume share by the end of the forecast period (2023 to 2033).
| Report Attributes | Details |
|---|---|
| Colloidal Silica Sales in South Asia & Oceania (2023) | US$ 165.5 Million |
| Projected Sales (2033F) | US$ 260.7 Million |
| Demand Growth (2023 to 2033) | 4.3% CAGR |
| Sales in Malaysia (2033F) | US$ 59.9 Million |
| Demand Growth in Rest of South Asia & Oceania (2023 to 2033) | 3.7% CAGR |
| Alkaline Colloidal Silica Volume (2033F) | 99,063 Tons |
| Sales in Coating Applications (2023) | US$ 32.7 Million |
| Key Companies Profiled |
|
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What Challenges Do Colloidal Silica Manufacturers Face in South Asia & Oceania?
“Cost Sensitivity Market, Regulatory Hurdles, and Lack of Product Awareness”
Most economies in the South Asia & Oceania region are still in their developing phase and this is why cost sensitivity plays a crucial role in governing colloidal silica sales. Fluctuations in raw material pricing and lack of awareness regarding the benefits of colloidal silica are also projected to be major restraints for colloidal silica demand growth in South Asia & Oceania over the coming years. Moreover, regulatory hurdles associated with colloidal silica use in different industry verticals such as pharmaceuticals, electronics, construction, etc. are also projected to constrain shipments of colloidal silica in this region throughout the study period.
Find more details of growth-augmenting factors such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for colloidal silica by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Country-wise Insights
Thailand, India, and Malaysia are predicted to emerge as the most rewarding markets in the South Asia and Oceania region across the study period, which is why colloidal silica companies are forecasted to be more inclined to invest in the aforementioned countries as compared to others.
Why are Colloidal Silica Manufacturers Flocking to India?
“Rapidly Increasing Spending on Infrastructure Development”
| Attribute | India |
|---|---|
| Market Value (2023E) | US$ 46.4 Million |
| Growth Rate (2023 to 2033) | 4.9% CAGR |
| Projected Value (2033F) | US$ 77 Million |
Urbanization and industrialization have increased rapidly in India, which has resulted in a high demand for infrastructure development. The frequent launch of new commercial as well as residential construction projects in the country is boosting the demand for construction materials such as sealants, adhesives, coatings, and concrete. All of these materials utilize colloidal silica in some or the other way, which is forecasted to bolster its sales outlook in India over the next ten years.
Growing use of silica slurry and other silica products in chemical mechanical planarization (CMP) processes is also predicted to augment demand for colloidal silica in the country. Increasing chemical manufacturing activity in the country will also complement sales growth in the future.
What’s Supporting Colloidal Silica Demand Growth in Thailand?
“Presence of Developed Manufacturing Industry”
| Attribute | Thailand |
|---|---|
| Market Value (2023E) | US$ 44.2 Million |
| Growth Rate (2023 to 2033) | 4.5% CAGR |
| Projected Value (2033F) | US$ 69.7 Million |
Colloidal silica has found high demand in investment casting applications and the presence of a developed manufacturing industry in Thailand creates an opportune scenario for colloidal silica suppliers. Manufacturers in the country are projected to opt for investment casting processes to reduce waste and machining time required in the making of complex products. High demand from the electronics and construction sector is also slated to create a new business scope for colloidal silica vendors in Thailand going forward.
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Category-wise Insights
Colloidal silica manufacturers in South Asia & Oceania are focusing on providing colloidal silica with small particles and the majority of colloidal silica demand is coming from investment casting applications.
Where Will Colloidal Silica Be Used the Most?
“Investment Castings to Hold Sway Over Sales Revenue”
| Attribute | Investment Castings |
|---|---|
| Segment Value (2023E) | US$ 46.8 Million |
| Growth Rate (2023 to 2033) | 5.2% CAGR |
| Projected Value (2033F) | US$ 81 Million |
Industrialization has increased at a rapid pace in the South Asia & Oceania region in recent years and this trend is forecasted to benefit colloidal silica sales over the coming years as well. Efforts to enhance manufacturing capacity and productivity are predicted to push manufacturers to opt for investment casting process thereby driving up the demand for colloidal silica in this region through 2033.
Colloidal Silica of Which Particle Size is Widely Preferred?
“Colloidal Silica with Particle Size of Up to 50 nm to Remain Popular”
| Attribute | Up to 50 nm |
|---|---|
| Segment Value (2023E) | US$ 105.4 Million |
| Growth Rate (2023 to 2033) | 4.5% CAGR |
| Projected Value (2033F) | US$ 169.9 Million |
Smaller particle size allows for a clearer silica dispersion, which is preferred by most applications where colloidal silica is utilized. Colloidal silica with a particle size of up to 50 nm is being used in high-performance binders and adhesives as they have better adhesion properties as compared to bigger particle sizes.
Competitive Landscape
Colloidal silica companies are focusing on strengthening their production capacity to satisfy the increasing demand for colloidal silica in South Asia & Oceania. Colloidal silica producers are also projected to invest heavily in research and development to widen the scope of colloidal silica applications and boost revenue generation in this region over the coming years.
- In April 2023, Nouryon, a renowned specialty chemicals supplier, announced the launch of a new Global Service Center in Mumbai, India. Through this move, the company exhibited its long-term commitment to India as it expanded its workforce and office footprint as well.
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Segmentation of Colloidal Silica Study in South Asia & Oceania
-
By Formulation :
- Alkaline
- Acidic
-
By Particle Size :
- Up to 50 nm
- 51 to 100 nm
- Above 100 nm
-
By Application :
- Catalysts
- Electronics
- Coatings
- Construction
- Refractories
- Investment Castings
- Others
-
By Country :
- India
- Thailand
- Malaysia
- Australia and New Zealand
- Rest of South Asia & Oceania
- FAQs -
How big is colloidal silica demand in South Asia & Oceania?
Colloidal silica sales in South Asia & Oceania are estimated at US$ 165.5 million in 2023.
What is the demand outlook for colloidal silica?
Demand for colloidal silica is projected to attain a valuation of US$ 260.7 million by the end of 2033.
At what pace will sales of colloidal silica rise in SAO?
Sales of colloidal silica are projected to increase at 4.3% CAGR from 2023 to 2033.
How fast will colloidal silica demand rise in India?
Colloidal silica sales in India are forecasted to rise at 4.7% CAGR over the next ten years.
Who are the prime colloidal silica suppliers?
Cabot Corporation, Evonik, Wacker Chemie, BASF, Dow Chemical, and Grace Australia are leading colloidal silica companies in SAO.
Colloidal Silica Industry Analysis in South Asia & Oceania