According to the research literature titled ‘Asia Pacific Fumed Silica Market By Product, Application, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027’, available with Market Study Report, Asia Pacific fumed silica market is projected to amass a valuation of USD 1 billion by the end of forecast period 2021-2027.
 

As per the research findings, Asia Pacific fumed silica market growth is largely fueled by positive outlook of the pharmaceutical sector, increasing expenditure on personal care products, and proliferating number of construction activities.
 

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On the contrary, factors such as reduced consumer expenditure, halt of manufacturing operations, and lack of raw material supply due to the Covid-19 pandemic has significantly hampered the industry remuneration. However, gradual recovery from the pandemic is expected to reinstate the profit trajectory in the near future.
 

For those unfamiliar, fumed silica is extensively utilized as a thickening and anticaking agent in powders. It is made by vaporizing quartz sand at 3,000 degree Celsius through an electric arc or subjecting silicon tetrachloride to flame pyrolysis.
 

Based on the product type, Asia Pacific fumed silica market is split into hydrophilic and hydrophobic. Of these, hydrophilic segment attained a value of USD 375 million in 2020 and is expected to grow considerably in the ensuing years. Cost-effective manufacturing process and characteristics such as high insulation at elevated temperatures are augmenting the product demand. Moreover, high preference of hydrophilic fumed silica for application in products with low shelf life, non-polar resin systems, and silicone reinforcing & thickening for industrial powders are supporting the segmental expansion.
 

With respect to the application scope, the industry segmentation comprises beauty & personal care, pharmaceutical, paints, coatings & inks, silicone elastomer, food & beverages, UPR, adhesives & sealants, and others.
 

Experts predict that beauty & personal care segment is touted to capture 30% of the Asia Pacific fumed silica market share by the forecast period end. Meanwhile, the pharmaceutical segment is slated to witness a robust demand for fumed silica, which serves a key ingredient in enhancing the manufacturing processes of pharma companies, throughout 2021-2027. This can largely be attributed to rapid growth of the pharmaceutical industry in Asia Pacific owing to booming population, ongoing R&D activities, technological advancements, and rising per capita healthcare expenditure.
 

Speaking of the competitive landscape, Prakash Chemicals Pvt. Ltd., Kaleido Chemie Pvt. Ltd., Simcoa Operations Pty Ltd., Dongyue Group Co. Ltd Prakash Chemicals Pvt. Ltd., Kaleido Chemie Pvt. Ltd., Simcoa Operations Pty Ltd., Dongyue Group Co. Ltd., China-Henan Huamei Chemical Co. Ltd., Henan Xunyu Chemical Co. Ltd., Hubei Xingrui Silicon Materials Co.,are the top contenders influencing the Asia Pacific fumed silica industry trends.