Scienza e Tecnologia
Nano Silica Market to Garner $6.4 Billion, Globally, By 2030 at 6.0% CAGR, Says Allied Market Research
Increase in use of nano silica as an additive in concrete mixture and growing usage of the property in the electrical industry drive the global nano silica market. On the other hand, toxicity of silica fumes impedes the growth to some extent. However, surge in application nano silica in RNA/DNA delivery systems in the development of vaccines is expected to create lucrative opportunities in the industry.
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On the basis of product, the P-type segment held the major share in 2020, garnering nearly half of the global nano silica market. This is attributed to the fact that P-type nano silica is an excellent admixture for concrete as it leads to better engineering properties. The S-type segment, on the other hand, is expected to register the fastest CAGR of 6.3% throughout the forecast period, due to its increasing usage in various applications.
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On the basis of application, the rubber segment contributed to the lion's share in 2020, holding nearly one-third of the global nano silica market, due to the fact that nano silica is used to increase the mechanical strength of vulcanized rubber by acting as a reinforcing agent. However, the coatings segment is projected to manifest the fastest CAGR of 7.2% from 2021 to 2030, due to rising construction & infrastructure activities and growing public-private partnership (PPP) projects in the domestic construction sector across the world.
By region, the market across Asia-Pacific , followed by
North America , dominated in 2020, garnering nearly half of the global nano silica market. Simultaneously, the same region is also expected to cite the fastest CAGR of 6.5% throughout the forecast period. This is because rapid urbanization has led to surge in building and construction activities across the developing countries such as
China and India .
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Silica Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Nano Titanium Dioxide Market: Global Opportunity Analysis and Industry Forecast, 2014 - 2022
Nanocoatings Market: Global Opportunity Analysis and Industry Forecast, 2014-2022
Nano Silver Market : Global Opportunity Analysis and Industry Forecast, 2014-2022
Nanomaterials Market: Global Opportunity Analysis and Industry Forecast, 2014-2022
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