UNITED STATES – The global nano silica market revenue was US$ 3.59 billion in 2021. The global nano silica market revenue is forecast to reach US$ 6.2 billion by 2030, registering a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030.
Nano Silica Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Quadintel, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Nano Silica Market , and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Nano-SiO2 is a high purity powder made of amorphous silica. Nano-SiO2 is a material with a large specific surface area, good surface adsorption, high surface energy, and small particle size that allows for good dispersion. The sol-gel process produces colloidal particles of silica by letting the monomers condense.
Increasing demand from the rubber industry in light of the growing automotive sector is the main factor driving the global nano silica market during the forecast period. Nano silica is becoming increasingly popular as an additive for various applications in various industries, such as concrete and rubber. In addition, a rising need for coatings due to the rise in the number of construction applications is forecast to drive the global market’s growth in the near future.
Construction companies are increasingly demanding supplementary cementitious materials (SCMs) like nano silica to improve the properties of concrete. The expanding construction industry is another key factor contributing to the growth of the global nano silica market.
The Nano silica market is likely to face challenges due to its toxicity during the forecast period. Increasing application of nano silica to RNA/DNA delivery systems in the development of vaccines is forecast to bring lucrative opportunities for the global nano silica market in the forecast period.
COVID-19’s rapid spread had a major impact on the global nano silica market. As a result of COVID-19 large economies of the world were in lockdown, many infrastructure projects have been postponed or canceled. In addition, it has led to a decrease in the demand for adhesives, sealants, and ceramics. An American Road and Transportation Builders Association (ARTBA) report state that infrastructure projects totaling more than $9.6 billion had been delayed or canceled due to the COVID-19 pandemic. Thus, the halted construction activities have decreased the global nano silica market’s demand.
In 2020, Asia-Pacific accounted for a significant share of the nano silica market. As urbanization increases, building and construction activities have increased in developing countries such as China and India. Governments of these countries have implemented programs including “Housing for All” that contribute to building modern homes for people in rural and urban areas. As a result, concrete demand is forecast to surge substantially across the region. During the forecast period, the need for nano silica is forecast to rise from the construction industry due to increased concrete demand and production.
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The leading prominent companies profiled in the global nano silica market are:
Akzo Nobel N.V. Bee Chems Cabot Corporation Dow Corning Corporation DuPont de Nemours, Inc. Evonik Industries Fuso Chemical Co. Ltd. Nanopore Incorporated Nanostructured & Amorphous Materials, Inc. (NANOAMOR) Wacker Chemie AG Other Prominent Players Scope of the Report
The global nano silica market segmentation focuses on Product, Application, and Region.
P-Type S-Type Type III Segmentation based on Application
Agriculture Battery Coatings Concrete Cosmetics Electronics Food Gypsum Healthcare & Medicine Plastics Rubber Others Segmentation based on Region
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North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America
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Key Questions Answered in the Market Report
• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies? • What is the outlook for the impact market during the forecast period 2021-2030? • What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration? • What is the end user perception toward? • How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021? • What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration? • What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration? • What are the key strategies adopted by companies in the impact market? • What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030? • What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market? • Who are the key end users of pharmaceutical quality? What is their respective share in the impact market? • Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030? • Which are the key players in the impact market?
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