According to the recent study the colloidal silica market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 5% to 7% from 2023 to 2028. Growth in this market is primarily driven by rising demand for concrete and cement in the construction industry globally, increasing demand for silicon wafers for the production of semiconductors, and increasing use of collided silica in investment casting to provide high value added products for power generation, aerospace, and automotive industries.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in colloidal silica market by product type (alkaline colloidal silica, acidic colloidal silica, modified colloidal silica, and ordinary colloidal silica), application (pulp and paper, building and construction, paints and coatings, electronics and semiconductors, pharmaceuticals, investment casting, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Alkaline colloidal silica market is expected to remain the largest segment during the forecast period.”
Based on product type, the colloidal silica market is segmented into alkaline colloidal silica, acidic colloidal silica, modified colloidal silica, and ordinary colloidal silica. Lucintel forecasts that the alkaline colloidal silica market is expected to remain the largest segment over the forecast period because it is highly hydrated form of silicon dioxide which is used as an additive in the rubber industry, and it is produced by polymerizing silica from silicate solutions under alkaline conditions to form Nano-meter sized silica souls with a high surface area.
“Within the colloidal silica market, the building and construction segment is expected to remain the largest application”
Based on application the building and construction segment is expected to witness the highest growth over the forecast period due to colloidal silica enhanced the strength and durability of concrete or cement, and is also used in floor coatings to make the surface scratch-resistant and reduce slip by increasing friction.
“Asia pacific will dominate the colloidal silica market in near future”
APAC will remain the largest region over the forecast period. Increasing construction activities, particularly in India and China, and increasing production for consumer electronics products and semiconductors are driving the demand for colloidal silica in this region.
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Major players of colloidal silica market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Evonik Industries, Nouryan, W. R. Grace & Co., Nissan Chemical Corporation, PPG Industries Inc., Cabot Corporation, MERCK KGaA, The Dow Chemical Company, and Ecolab Inc. are among the major colloidal silica providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/colloidal-silica-market.aspx or [email protected]