Market Size – USD 3.32 Billion in 2019, Market Growth - CAGR of 7.5%, Market Trends – Increasing demand across the agricultural, construction, and electronics industries
The global nanosilica market is expected to be valued at USD 5.95 Billion in 2027 from USD 3.32 Billion in 2019, registering a CAGR of 7.5% through the forecast period. Nanosilica (also known as silica nanoparticles) is a white powder containing high-purity amorphous silica powder. Due to its small particle size, nanosilica has a large surface area and exhibits strong surface adsorption, high chemical purity, robust surface energy, and improved dispersion. It finds significant application in biomedical research due to its low toxicity and stability. The global nanosilica market is projected to account for a significantly high revenue over the estimated period. The crucial factors propelling the global market growth include the extensive usage of nanosilica in the construction industry as efficient additives in concrete and coatings, growing adoption of nano-fertilizers in agriculture, and the soaring demand across the healthcare, food & beverage, plastics, and electronics industries.
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Nanosilica is in high demand in the paints & coatings industry for its high water contact angle and superior hydrophobicity. Nanosilica is combined with concrete in order to enhance its strength, while reducing its environmental impact. Nanosilica finds significant application in the manufacture of rubber as an additive in natural rubber and synthetic rubbers, including styrene-butadiene rubber (SBR), ethylene acrylic rubber (AEM), ethylene propylene diene monomer (EPDM), nitrile rubber (NBR), and silicone rubber. Moreover, the increasing construction and engineering applications of biosynthesized nanosilica, including the soil stabilization process, further boost the global market growth.
Key findings from report:
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For the purpose of this report, the global nanosilica market has been segmented on the basis of product type, application, distribution channel, and region:
By Product Type (Revenue, USD Billion; 2017-2027)
By Application (Revenue, USD Billion; 2017-2027)
By Distribution Channel (Revenue, USD Billion; 2017-2027)
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By Region (Revenue, USD Billion; 2017-2027)
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