Fumed Silica Industry Analysis in South East Asia & Pacific
Study on Fumed Silica in South East Asia & Pacific by Hydrophilic and Hydrophobic for Silicone Rubber, Paints, Coatings, Unsaturated Polyester Resins, Adhesives, and Personal Care from 2024 to 2034
Analysis of Fumed Silica Industry Covering Countries Includes Analysis of South Korea, Taiwan, ASEAN and Rest of Countries
Fumed Silica Sales Outlook for South East Asia & Pacific (2024 to 2034)
A recently published study by Fact.MR reveals that sales of fumed silica in South East Asia & Pacific are expected to reach US$ 188.9 million in 2024, with the market forecasted increase at 2.9% CAGR to reach US$ 251.5 million by the end of 2034.
Several countries in South East Asia & Pacific are investing significantly in infrastructure development, such as the construction of buildings, bridges, roads, and other infrastructure projects. Fumed silica is utilized in construction materials, including concrete, where it reduces shrinkage, improves rheology, and enhances durability. The rising count of infrastructure projects in South East Asia & Pacific is forecasted to increase demand for fumed silica.
The electronics and automotive industries in South East Asia & Pacific are spending because of rising consumer demand for respective products, government initiatives, and technological advancements. Fumed silica is used in numerous electronic components, displays, tires, and automotive parts due to its properties, including rheology control, anti-blocking, and reinforcement. An expansion of these industries is projected to contribute to the rising sales of fumed silica. Increasing emphasis on environmental regulations and sustainability promoting the adoption of eco-friendly materials is forecasted to lead to rising consumption of fumed silica.
| Report Attributes | Details |
|---|---|
| Fumed Silica Sales in South East Asia & Pacific (2024E) | US$ 188.9 Million |
| Projected Sales (2034F) | US$ 251.5 Million |
| Demand Growth (2024 to 2034) | 2.9% CAGR |
| Sales in ASEAN Countries (2024E) | US$ 38.8 Million |
| Demand Growth in Taiwan (2024 to 2034) | 3.2% CAGR |
| Hydrophobic Segment Market Share (2024E) | >58% |
| Silicon Rubber Market Share (2024E) | >39% |
| Key Companies Profiled |
|
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Which Factor is Majorly Driving Demand for Fumed Silica in South East Asia & Pacific?
“Infrastructure Development Leading to High Consumption of Fumed Silica”
Infrastructure development is estimated to be the cornerstone of economic progress in countries across South East Asia & Pacific. Numerous private investors and governments are channeling resources into ambitious projects aimed at enhancing transport networks, industrial facilities, and urban centers. This increased expenditure on infrastructure is projected to encompass various initiatives, ranging from railways and highways to the establishment of commercial complexes and residential complexes.
Fumed silica is anticipated to emerge as one of the prominent ingredients in the realm of construction materials contributing to the longevity and success of these infrastructure endeavors. Fumed silica is expected to play a significant role in improving the overall performance and quality of concrete structures. Its introduction into certain concrete mixtures is set to contribute to the optimization of rheological properties, flow characteristics during the shaping and pouring processes, and effectively control viscosity.
Country-wise Insights
Why is South Korea of Great Interest for Suppliers of Fumed Silica?
“Technological Advancements Generating Demand for High-performance Materials”
| Attribute | South Korea |
|---|---|
| Market Value (2024E) | US$ 76.1 Million |
| Growth Rate (2024 to 2034) | 2.5% CAGR |
| Projected Value (2034F) | US$ 97.5 Million |
Numerous industries, such as construction, manufacturing, etc. are putting efforts to stay competitive and adopt numerous advanced technologies. Therefore, an increased demand for certain high-performance materials, including fumed silica is experienced in South Korea. Its properties, including anti-settling characteristics, rheology control, and reinforcing capabilities are projected to make it more desirable for numerous advanced applications.
How Lucrative is the Taiwan Market for Fumed Silica Manufacturers?
“Robust Electronics Industry Driving Fumed Silica Demand”
| Attribute | Taiwan |
|---|---|
| Market Value (2024E) | US$ 47 Million |
| Growth Rate (2024 to 2034) | 3.3% CAGR |
| Projected Value (2034F) | US$ 66 Million |
Taiwan is projected to be one of the prominent hubs of the electronics industry, especially electronic component production and semiconductor manufacturing, in the South East Asia & Pacific region. Fumed silica is utilized in numerous electronic applications, including adhesives, coatings, and encapsulates owing to its properties, such as electrical insulation, reinforcement, and thermal stability. The increasing demand for electronic devices is projected to positively impact sales of fumed silica in Taiwan.
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Category-wise Insights
Why is Hydrophilic Fumed Silica So Popular?
“Superior Qualities of Hydrophilic Fumed Silica”
| Attribute | Hydrophilic |
|---|---|
| Segment Value (2024E) | US$ 78 Million |
| Growth Rate (2024 to 2034) | 3.2% CAGR |
| Projected Value (2034F) | US$ 107 Million |
According to the research analysis published by Fact.MR, a market research and competitive intelligence provider, hydrophilic fumed silica (HFS) is projected to gain prominence owing to its water solubility. It exhibits superior qualities at higher temperatures. Further, hydrophilic fumed silica is used in non-polar solvents, which are used in resin systems. Styrene, mineral spirits, and xylene are some of the popular solvents, which use HFS to reinforce and thicken silicone.
The hydrophilic form of fumed silica is anticipated to find increased application where the shelf stability of the product is not a priority. In addition, comparatively low prices, high chemical purity, and excellent insulating qualities of HFS are forecasted to contribute to its increased adoption in South East Asia & Pacific.
Why is Fumed Silica Demanded More for Silicone Rubber?
“Thermal Stability of Fumed Silica Increasing Use in Silicone Rubber”
| Attribute | Silicone Rubber |
|---|---|
| Segment Value (2024E) | US$ 74.1 Million |
| Growth Rate (2024 to 2034) | 2.3% CAGR |
| Projected Value (2034F) | US$ 93 Million |
Fumed silica is anticipated to enhance the thermal stability of silicone rubber. It enables it to withstand multiple temperatures that too without any noteworthy degradation. Furthermore, this property of fumed silicone is vital in high-temperature applications, including automotive seals, insulation, and gaskets.
Competition Landscape
Recently published analysis by Fact.MR mentions that fumed silica manufacturers are incorporating multiple strategies to increase their share in profit. In addition, they are putting efforts into enriching their product portfolio through new development and ensuring the inclusion of quality products. Further, constant efforts to manage supply chain systems can help players maintain their prominence. Some of the leading companies dealing in fumed silica in South East Asia & Pacific are Evonik Industries, Cobot Corporation, Tokuyama Corporation, Wacker Chemie AG, and OCI Company Ltd.
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Competitive landscape highlights only certain players
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Segmentation of Fumed Silica Study in South East Asia & Pacific
-
By Product :
- Hydrophilic
- Hydrophobic
-
By Application :
- Silicon Rubber
- Paint & Coatings
- Unsaturated Polyester Resins
- Adhesives & Sealant
- Healthcare & Personal Care
- Others
-
By Country :
- South Korea
- Taiwan
- ASEAN
- Rest of Countries
- FAQs -
What is the demand outlook for fumed silica in South East Asia & Pacific?
Sales of fumed silica in South East Asia & Pacific are forecasted to reach US$ 188.9 million in 2024.
What is the forecasted valuation for the South East Asia & Pacific by 2034?
Demand for fumed silica in South East Asia & Pacific is projected to reach a value of US$ 251.5 million by 2034.
What is the projected growth rate for the market through 2034?
The South East Asia & Pacific market is projected to expand at 2.9% CAGR from 2024 to 2034.
What is the contribution of silicon rubber to regional market revenue?
Silicon rubber is estimated to account for more than 39% share of the South East Asia & Pacific market in 2024.
What is the estimated sales of hydrophilic fumed silica for 2024?
Sales of hydrophilic fumed silica are estimated to reach US$ 78 million in 2024.
What are the estimations for ASEAN countries?
Demand for fumed silica in ASEAN poised to reach a valuation of US$ 38.8 million in 2024.
What is the projected CAGR for fumed silica sales in Taiwan?
Sales of fumed silica in Taiwan are set to rise at a CAGR of 3.2% from 2024 to 2034.
Fumed Silica Industry Analysis in South East Asia & Pacific