According to the recent research report titled ‘North America Fumed Silica Market Forecast 2027 By Application, By Product, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America fumed silica market is projected to garner USD 525 million valuation by the year 2027.
 

Surging demand for personal care and cosmetic products is primarily driving the growth of fumed silica market in North America, cites the study.
 

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According to a survey provided by one of the world's largest beauty brands, L'Oréal, the international cosmetics market witnessed 5% growth in 2019. Various factors, such as demographic changes, high disposable incomes, and varying client preferences are contributing to the increasing demand for cosmetics in the region.
 

For the uninitiated, silicon dioxide, after being heated at high temperatures, produces fumed silica which is used to deepen and stabilize the color pigments in lipsticks and increase their long-wear hours. It is utilized in various items as an anti-sagging and anti-settling agent, including cosmetics, pharmaceuticals, and paints.
 

Fumed silica is widely used in the cosmetics industry as it has numerous advantageous features, including thickening, anti-caking, and stabilizing capabilities in water-in-oil emulsions, and enhancing the SPF levels in sunscreens.
 

Based on product type, North America fumed silica industry share from hydrophilic products is expected to grow at a CAGR of 4.3% through 2027. Hydrophilic fumed silica provide excellent insulation against extreme temperatures. It can thicken and strengthen organic silicon and non-polar solvents like xylene, styrene, and mineral spirits.
 

As per application spectrum, pharmaceutical, cosmetics, and personal care segment is projected to account for over USD 229 million by 2027. The pharmaceutical industry is increasing at an exponential rate due to presence of large number of medication manufacturing businesses and the high frequency of chronic illnesses in North America. In fact, the pharmaceutical industry in the United States generated USD 500 billion in revenue in 2019, indicating an enhanced demand for fumed silica.
 

Major companies impacting North America fumed silica market trends are Wacker Chemie AG, OCI Company Ltd., Applied Material Solutions, Evonik Industries AG, and Cabot Corporation.