Silica Slurry Market
Silica Slurry Market Analysis By Product Market (Colloidal Silica Slurry & Fumed Silica Slurry) By Application and By Region – Global Market Insights 2022 to 2032
Analysis of Silica Slurry market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Silica Slurry Market Outlook (2022 to 2032)
The global silica slurry market is currently estimated at US$ 303.3 million and is anticipated to progress at a CAGR of 4.6% to reach a market valuation of US$ 475.6 million by the end of 2032.
The use of silica slurry in medical implant polishing will generate long-term opportunities for market players over the decade.
| Report Attributes | Details |
|---|---|
| Silica Slurry Market Size (2021A) | US$ 290 Million |
| Estimated Market Value (2022E) | US$ 303.3 Million |
| Forecasted Market Value (2032F) | US$ 475.6 Million |
| Global Market Growth Rate (2022 to 2032) | 4.6% CAGR |
| East Asia Market Share (2021) | ~44.6% |
| North America Market Growth Rate (2022 to 2032) | ~5.3% CAGR |
| China Market Growth Rate (2022 to 2032) | ~2.7% CAGR |
| Market Share of Top 5 Companies | ~43.4% |
| Key Companies Profiled | Nanoshel LLC; Elkem; Air Products Inc.; Cabot Corporation; Fujimi Corporation; DuPont; W. R. Grace & Co.-Conn; CMC Materials; Nissan Chemical America Corporation; Kemet International Limited; Pureon; CMC Materials |
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Consumption Analysis of Silica Slurry (2017 to 2021) Vs. Market Outlook (2022 to 2032)
The use of silica slurry in various industries such as metallography, optics, superconductors, automotive, and aircraft witnessed growth in the past years. Silica slurry is extensively used for lapping and polishing materials or metals that require a shiny finish.
Silica slurry is widely used in the polishing of metal surfaces and ceramics surfaces. Ceramics are contributing to the manufacture of different medical devices such as X-ray tubes, hand tools, pressure sensors, dental bridges & screws, implants for hip replacement, and valves.
A wide use of silica slurry is in silicon wafer semiconductor manufacturing. Silicon wafer semiconductors can be used in the manufacturing of both, chips and microchips in electronic devices. Silica slurry is a major part of all electronic devices. Wide use of electronic devices and increasing use of compact devices are resulting in silica slurry becoming immensely popular.
- Short Term (2022 Q2 to 2025): Growing electronic devices market will positively impact silica slurry market growth in the short term.
- Medium Term (2025 to 2028): North America and Europe are projected to witness relatively high demand for silica slurry on the back of higher penetration of electronic products.
- Long Term (2028 to 2032): Integration of advanced technologies such as microchips and compact devices to open new market opportunities for silica slurry suppliers.
Over the 2017 to 2021 historical period, the global market for silica slurry exhibited a CAGR of 2.8%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will expand at 4.6% CAGR between 2022 and 2032.
Image provides market share analysis of silica slurry based on region and product type. Under the product type segment, fumed silica slurry dominates with 58.4% market share in 2022.
Why is Demand for Silica Slurry Rising Rapidly across Regions?
“Emerging Technologies for Electronic Devices Paving Way for High Market Growth”
The semiconductor business has been developing rapidly in the previous few decades; among these, scaling down / miniaturization in semiconductor innovation has made a huge commitment to the outcome of current hardware in various fields. Various producers participate in the improvement of driving cutting-edge innovations that can be used in the semiconductor fabricating cycle to upgrade the exhibition of semiconductors and electronic gadgets.
Man-made consciousness is reshaping the semiconductor business by affecting the semiconductor fabricating cycle and chip plans. Along with this, IoT in sensors, software, and many others are used in every core industry, which is increasing the demand for semiconductors. The rise in advanced technology for the production of semiconductors and many other chips is driving target market growth.
“Emerging Use of Compact Electronic Devices”
Across the world, people are attracted to compact devices. With this increasing interest, producers are also manufacturing more compact devices to increase their market size. Microchips are very popular in electronic devices. Due to these reasons, semiconductors also come in a micro or compact size.
Electronic devices have also come up in compact formats. Compact devices are easy to handle and people can transport them very easily, which is the reason why population interest increasing for these kinds of devices.
Sales of compact devices are rapidly increasing, thereby driving the production of compact devices across regions. It has been seen that in 2020, sales of compact discs (CDs) were 40.16 million units, and in 2021, 40.59 million units of compact discs were sold. This makes a marking that in 17 years, this was the first yearly gain for CD sales.
Along with an increase in the sales of compact discs, microchip technology revenue growth has also been observed in recent years.
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What Do Silica Slurry Manufacturers Need to Watch Out for?
“High Cost of Silica Slurry Products Hampering Market Expansion”
Silica slurry has a major application in semiconductor manufacturing. Semiconductors are widely used components in electronic device manufacturing. The process of production of silica slurry is quite hard and costly. This increases the cost of silica and silica slurry products.
They are used in the manufacturing of electronic circuits, diodes, and transistors. These electronic devices have many more applications because of their characteristics such as low power efficiency, low cost, and compactness.
Smartphones, laptops, tablets, and other smart devices are mostly made up of many semiconductors. Due to the many microchips and semiconductors, the cost of such smart devices is very high, which is bound to impact market growth of silica slurry as well.
Country-wise Insights
Will Escalating Use of Semiconductors & Electronic Devices in the U.S. Drive Silica Slurry Demand?
In June 2021, the US passed the USICA Act (United States Innovation and Competition Act), which includes US$ 52 billion to strengthen the manufacturing, research, and design of domestic chips.
Silica slurry is widely used in the manufacturing of semiconductors and electronic chips. Most semiconductor manufacturing companies are present in the U.S. and that has led to the high demand for silica slurry. The use of semiconductors is prominent in various sectors such as electronics, automotive, and many others, and the concentration of these companies is high in the U.S.
An important innovation over the last few years in the electronics industry has been the development of new microchip technologies and semiconductors. As such, the United States silica slurry market is expected to expand steadily at 5.3% CAGR over the forecast period.
Why is the China Silica Slurry Market Expected to Be Highly Lucrative?
The use of semiconductors is high in China as it is the biggest manufacturer of electronic devices such as smartwatches, smartphones, laptops, and others in the world. China is one of the top manufacturers and exporters of smart devices and electronic devices, accounting for around 35% of the world's production.
China’s 5-year plan promotes fast electric portability and industrialization. The main areas of government investments in 2021 included semiconductors, photonics, microchips, and electronic displays.
China’s goal to achieve 70% self-sufficiency in the manufacturing of semiconductors is backed by the investment of US$ 73 billion in national funds and US$ 23 billion in local government funds. China is one of the rapidly growing electronic device markets. Demand for smart devices, semiconductors, and chips is increasing, offering the silica slurry industry a great deal of growth potential.
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Category-wise Insights
What Makes Fumed Silica Slurry the Dominant Type?
Fumed silica slurry is the most widely used type due to its wide application range, such as in silicon wafer manufacturing, semiconductor and smart chip manufacturing, electronic component manufacturing, medical implant polishing, and polishing of hard metals and their alloys such as ceramics.
Silica fume slurry is also widely used in automotive chips. These chips are a piece of a vehicle's security prerequisites as components; for example, airbags, safety belts, tensioners, and many other components.
Owing to the above facts, the fumed silica slurry market is predicted to expand at 4.9% CAGR across the 2022 to 2032 study period.
Will the Semiconductor Industry Account for High Market Growth?
In recent years, smartphone demand has increased worldwide. With this increasing smartphone demand, global demand for semiconductors is also rising. Semiconductors are essential parts of every electronic device.
Silica slurry is a major component in the fabrication of semiconductors, wafers, and chips/microchips. Increasing interest of people in small electronic parts and high thickness arrangements in little gadgets is making micro and compact semiconductors highly essential.
Almost 29% of semiconductors produced are used in smartphones and tablets. In the year 2014, 1,239 million units of smartphones were sold around the world, and this figure increased to 1,556 million units in 2018.
As such, the market for semiconductors is expected to expand at 5.1% CAGR over the next ten years.
Competitive Landscape
Prominent silica slurry manufacturers are Nanoshel LLC, Elkem, Air Products Inc., Cabot Corporation, Fujimi Corporation, DuPont, W. R. Grace & Co.-Conn, CMC Materials, Nissan Chemical America Corporation, Kemet International Limited, Pureon, and CMC Materials.
- Elkem in 2020, introduced MICROSILICA, products for concrete applications. A key ingredient in many construction materials is available in innovative slurry and powder options, which are customized according to the needs of customers.
Fact.MR has provided detailed information about the price points of key manufacturers of silica slurry positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Silica Slurry Industry Research
-
By Product Type :
- Colloidal Silica Slurry Market
- Fumed Silica Slurry Market
-
By Application :
- Silicon Wafer Manufacturing
- Medical Implant Polishing
- Electronics component manufacturing
- Metals and electronic substrate polishing
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia and Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Kilo Tons) Analysis and Forecast
- 5. Global - Pricing Analysis
- 6. Global Market Value (US$ Mn) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Colloidal
- 7.2. Fumed
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Silicon Wafer Manufacturing
- 8.2. Medical Implant Polishing
- 8.3. Electronics Component Manufacturing
- 8.4. Metals and Electronic Substrate Polishing
- 8.5. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia and Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Nanoshel LLC
- 18.2. Elkem
- 18.3. Air Products Inc.
- 18.4. Cabot Corporation
- 18.5. Fujimi Corporation
- 18.6. DuPont
- 18.7. W. R. Grace & Co.-Conn
- 18.8. CMC Materials
- 18.9. Nissan Chemical America Corporation
- 18.10. Kemet International Limited
- 18.11. Pureon
- 18.12. CMC Materials
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 02. Global Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 03. Global Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product type, 2017 to 2021
Table 04. Global Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2022 to 2032
Table 05. Global Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 06. Global Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 07. North America Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 08. North America Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 09. North America Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2017 to 2021
Table 10. North America Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2022 to 2032
Table 11. North America Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 12. North America Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 13. Latin America Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 14. Latin America Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 15. Latin America Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2017 to 2021
Table 16. Latin America Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2022 to 2032
Table 17. Latin America Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 18. Latin America Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 19. Europe Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 20. Europe Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 21. Europe Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2017 to 2021
Table 22. Europe Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2022 to 2032
Table 23. Europe Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 24. Europe Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 25. East Asia Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 26. East Asia Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 27. East Asia Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2017 to 2021
Table 28. East Asia Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2022 to 2032
Table 29. East Asia Market Value (US$ million) and Forecast By Application, 2017 to 2021
Table 30. East Asia Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 31. South Asia & Oceania Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 32. South Asia & Oceania Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 33. South Asia & Oceania Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2017 to 2021
Table 34. South Asia & Oceania Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2022 to 2032
Table 35. South Asia & Oceania Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 36. South Asia & Oceania Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
Table 37. Middle East & Africa Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 38. Middle East & Africa Market Value (US$ million) & Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 39. Middle East & Africa Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2017 to 2021
Table 40. Middle East & Africa Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Product Type, 2022 to 2032
Table 41. Middle East & Africa Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2017 to 2021
Table 42. Middle East & Africa Market Value (US$ million) & Volume (Kilo Tons) and Forecast By Application, 2022 to 2032
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List Of Figures
Figure 01. Global Market Value (US$ million) & Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 02. Global Market Absolute $ Opportunity (US$ million) & Volume (Kilo Tons), 2022 to 2032
Figure 03. Global Market Value (US$ million) & Volume (Kilo Tons) by Region, 2022 & 2032
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05. Global Market Value (US$ million) & Volume (Kilo Tons) By Product Type, 2022 & 2032
Figure 06. Global Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 07. Global Market Value (US$ million) & Volume (Kilo Tons) By Application, 2022 & 2032
Figure 08. Global Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 09. North America Market Value (US$ million) & Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 10. North America Market Absolute $ Opportunity (US$ million) & Volume (Kilo Tons), 2022 to 2032
Figure 11. North America Market Value (US$ million) & Volume (Kilo Tons) by Country, 2022 & 2032
Figure 12. North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 13. North America Market Value (US$ million) & Volume (Kilo Tons) By Product Type, 2022 & 2032
Figure 14. North America Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 15. North America Market Value (US$ million) & Volume (Kilo Tons) By Application, 2022 & 2032
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 17. North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 18. North America Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 19. North America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 20. Latin America Market Value (US$ million) & Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 21. Latin America Market Absolute $ Opportunity (US$ million) & Volume (Kilo Tons), 2022 to 2032
Figure 22. Latin America Market Value (US$ million) & Volume (Kilo Tons) by Country, 2022 & 2032
Figure 23. Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 24. Latin America Market Value (US$ million) & Volume (Kilo Tons) By Product Type, 2022 & 2032
Figure 25. Latin America Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 26. Latin America Market Value (US$ million) & Volume (Kilo Tons) By Application, 2022 & 2032
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 28. Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 29. Latin America Market Attractiveness Analysis By Product type, 2022 to 2032
Figure 30. Latin America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 31. Europe Market Value (US$ million) & Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 32. Europe Market Absolute $ Opportunity (US$ million) & Volume (Kilo Tons), 2022 to 2032
Figure 33. Europe Market Value (US$ million) & Volume (Kilo Tons) by Country, 2022 & 2032
Figure 34. Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 35. Europe Market Value (US$ million) & Volume (Kilo Tons) By Product Type, 2022 & 2032
Figure 36. Europe Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 37. Europe Market Value (US$ million) & Volume (Kilo Tons) By Application, 2022 & 2032
Figure 38. Europe Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 39. Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40. Europe Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 41. Europe Market Attractiveness Analysis By Application, 2022 to 2032
Figure 42. East Asia Market Value (US$ million) & Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 43. East Asia Market Absolute $ Opportunity (US$ million) & Volume (Kilo Tons), 2022 to 2032
Figure 44. East Asia Market Value (US$ million) & Volume (Kilo Tons) by Country, 2022 & 2032
Figure 45. East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 46. East Asia Market Value (US$ million) & Volume (Kilo Tons) By Product Type, 2022 & 2032
Figure 47. East Asia Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 48. East Asia Market Value (US$ million) & Volume (Kilo Tons) By Application, 2022 & 2032
Figure 49. East Asia Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 50. East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 51. East Asia Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 52. East Asia Market Attractiveness Analysis By Application, 2022 to 2032
Figure 53. South Asia & Oceania Market Value (US$ million) & Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million) & Volume (Kilo Tons), 2022 to 2032
Figure 55. South Asia & Oceania Market Value (US$ million) & Volume (Kilo Tons) by Country, 2022 & 2032
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57. South Asia & Oceania Market Value (US$ million) & Volume (Kilo Tons) By Product Type, 2022 & 2032
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 59. South Asia & Oceania Market Value (US$ million) & Volume (Kilo Tons) By Application, 2022 & 2032
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 61. South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Product type, 2022 to 2032
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2022 to 2032
Figure 64. Middle East & Africa Formers Market Value (US$ million) & Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 65. Middle East & Africa Market Absolute $ Opportunity (US$ million) & Volume (Kilo Tons), 2022 to 2032
Figure 66. Middle East & Africa Market Value (US$ million) & Volume (Kilo Tons) by Country, 2022 & 2032
Figure 67. Middle East & Africa Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 68. Middle East & Africa Market Value (US$ million) & Volume (Kilo Tons) By Product Type, 2022 & 2032
Figure 69. Middle East & Africa Market Y-o-Y Growth Rate By Product Type, 2022 to 2032
Figure 70. Middle East & Africa Market Value (US$ million) & Volume (Kilo Tons) By Application, 2022 & 2032
Figure 71. Middle East & Africa Market Y-o-Y Growth Rate By Application, 2022 to 2032
Figure 72. Middle East & Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73. Middle East & Africa Market Attractiveness Analysis By Product Type, 2022 to 2032
Figure 74. Middle East & Africa Market Attractiveness Analysis By Application, 2022 to 2032
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the valuation of the global silica slurry market?
The global silica slurry market is currently valued at US$ 303.3 million.
How is the market for silica slurry expected to fare in the future?
Revenue from the sales of silica slurry across the world is anticipated to reach US$ 475.6 million by 2032-end.
How did the market fare over the past 4 years?
From 2017 to 2021, worldwide sales of silica slurry increased at 2.8% CAGR.
Which regional market accounts for a leading market share?
East Asia leads the global silica slurry market accounting for 44.6% market share at present.
Which type of silica slurry material holds the largest market share?
Fumed silica slurry accounts for 58.4% share of the global market.
Silica Slurry Market