iCrowd Newswire
22 Jan 2021, 11:33 GMT+10
The global NanoSilica market is forecasted to reach USD 5.95 Billion by 2027, according to a new report by Reports and Data. Increasing demand for the product from various end-use industries is driving the market growth. The rubber industry finds extensive uses for NanoSilica as the product finds many applications in the automotive industry. NanoSilica also finds applications in other industries, such as concrete, electronics, plastics, agriculture, and battery, among others.
Get a Sample Report PDF with Detail TOC & List of Figures @ https://www.reportsanddata.com/sample-enquiry-form/3639
Leading Players Profiled in the Report Include:
Bee Chems, Dow Corning Corporation, Wacker Chemie AG, Fuso Chemical Co. Ltd, Nanostructured and Amorphous Materials, Inc. (NanoAmor), NanoPore Incorporated, Cabot Corporation, AkzoNobel N.V., I. du Pont de Nemours and Company, and Evonik Industries, among others.
The market is growing due to the increasing awareness regarding the environment, which is leading to higher consumption of biodegradable products. Renewable feedstock provides cost reduction opportunities and higher penetration in regulated markets to the manufacturers. The NanoSilica market is witnessing a higher product demand due to the increasing investments in research and development. Heavily regulated regions, such as Asia-Pacific and North America, are continuously investing in innovations of the product.
NanoSilica is also used in hydrophobic coating applications that provide a low sliding angle and a high-water contact angle, which leads to superhydrophobicity in coating formulations. NanoSilica applications have even begun in industries such as healthcare and medicine in recent times. Stringent regulations regarding the use of NanoSilica in various end-use industries can hamper the market demand.
The COVID-19 impact:
The COVID-19 pandemic has led to lockdowns in major countries of the world. This has led to the operations of many industries being halted. Industries that find applications for NanoSilica, such as the rubber, coating, and cosmetics industries, are also not operating in the current situation. This has led to a decline in the demand for the product. Major manufacturers involved in the market have also halted operating currently, which has led to a reduction in the supply.
It is anticipated that once the COVID-19 pandemic is over and the situation becomes normal, the industries start operating again, the demand for the product will rise. Also, major manufacturers, who have currently halted operations due to the pandemic, are involved in innovations in NanoSilica. This would help them capture a larger market share in the future. This will also create a greater overall market size.
Further key findings from the report suggest
The Offline segment is forecasted to grow at a CAGR of 7.1% in the forecast period. This is primarily due to consumers wanting to physically examine the product before purchasing to make sure it fits their requirements.
S-type NanoSilica occupied 43.1% of the market share in 2019. This is attributed to the high growth rate from the developing countries. Also, the growing use of the product in the healthcare and medicine industry due to its biocompatibility properties drives the demand of the segment.
In terms of Application, concrete is forecasted to grow at a CAGR of 6.9%. NanoSilica is mixed with concrete as it results in the increase of tensile, flexural, and compressive strength of concrete. Also, concrete mixed with NanoSilica sets early.
The Middle East and Africa occupied 9.2% of the market share in 2019. This is due to the growth of various end-use industries, such as electronics, plastics, and automotive in the region. The growth of these industries leads to increased consumption of NanoSilica, thus driving the market demand for the product.
China is the consumer of NanoSilica owing to the growing industrial activities in the region. Moreover, a large number of end-use industries are present in the region, which is propelling the growth of the market.
Get Attractive Discount @ https://www.reportsanddata.com/discount-enquiry-form/3639
For the purpose of this report, Reports and Data have segmented into the global NanoSilica market on the basis of product, distribution channel, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
Browse Complete Report "NanoSilica Market" @ https://www.reportsanddata.com/report-detail/nanosilica-market
Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. NanoSilica Market Segmentation & Impact Analysis
4.1. NanoSilica Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
Continued…
Read More Reports:-
Global Nanocomposites Market Trends
Activated Carbon Market Growth
Anhydrous Aluminium Chloride Market Analysis
Advanced Sterilization Products Market Size
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Tags: Nanosilica Market, Nanosilica Market Size, Nanosilica Market Forecast, Nanosilica Market Share, Nanosilica Market Analysis, NanoSilica Market trends
See Campaign: https://www.reportsanddata.com/report-detail/nanosilica-marketContact Information:John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.comTags:, Reportedtimes, iCN Internal Distribution, Research Newswire, English
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Get a daily dose of Houston Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Houston Mirror.
More InformationNEW YORK, New York - U.S. stocks rallied on Friday following the release of positive economic data.U.S. employers added 379,000 ...
Subscriptions to Walt Disney Company's Disney+ streaming service surpassed initial estimates, primarily owing to adults from households with no children ...
DUBLIN, Ireland - The Bank of Ireland plans to close some 100 branches, as customers increasingly perform banking transactions online.Bank ...
SYDNEY, NSW, Australia - Another spike in bond yields, and oil prices sent shares in Asia sharply lower on Friday, ...
CARSON CITY, Nevada: Nevada Governor Steve Sisolak has proposed allowing technology companies specializing in blockchain technology to develop "Innovation Zones" ...
Walmart has hired two former Goldman Sachs bankers to help run its new and unnamed fintech venture.Walmart hired Omer Ismail, ...
LARISSA, Greece: Central Greece was struck by a magnitude 6.0 earthquake on Wednesday, which was also felt in nearby Albania ...
WASHINGTON D.C.: In a bid to create a much greater supply of Coronavirus vaccines, the White House has announced that ...
AUSTIN, Texas: Texas Governor Greg Abbott announced that beginning next week face masks will no longer be needed to be ...
WASHINGTON D.C.: President Joe Biden says he expects there to be enough vaccinations for all Americans by the end of ...
HOLTVILLE, California: An overloaded SUV carrying as many as 25 passengers slammed into a semi-truck in California on Monday, killing ...
ALBANY, New York: New York's new coronavirus-period dance rules will allow some dancing at parties. The state said that when ...