Key Market Overview:
Nanosilica market size was valued at USD 4.7 Billion in 2021, registering a CAGR of 6.7% during the forecast period (2022-2030), and the market is projected to be worth USD 8.4 Billion by 2030.
The innovations in the area of nanosilica production such as the high usage of rice husk ash are expected to create favorable conditions for market growth. For instance, according to the Food and Agricultural Organization (FAO) of the United Nations, annually over 700 million tons of rice are harvested across the world. Thus, the high scope of silica derivation from a minimum of 140 million tons of rice husk ash is to fuel the demand for nanosilica among manufacturers for multiple applications such as flame retardant and water repellant particles coupled with others.
Moreover, the growing awareness among farmers for utilizing nano-fertilizers to decrease fertilizer wastage, enhance crop yield, and reduce cultivation costs is anticipated to boost the demand for nanosilica, especially in the agriculture sector during the forecast period. For instance, according to the annual report published by the Ministry of Chemicals and Fertilizers, India in 2020 stated that the assessed production of all fertilizers is expected to be 462.15 lakh metric tonnes in the region during 2019-20 which portrays an increase of over 11.5% as compared to the previous data. Thus, the increased demand for nanofertilizers by the major agriculture sector is projected to positively increase the market growth during the forecast period. In the context of the region, Asia Pacific is anticipated to contribute a substantial share to the market growth. The factors such as the growing investments by governments for infrastructural developments in emerging economies such as India, Thailand, and China coupled with the favorable public and private expenditures in terms of schemes and grants and large presence of end users such as rubber, concrete and plastic additives industries are projected to boost the market growth in the Asia Pacific region.
Market Dynamics:
Nanosilica, also called silica dust, or silica nanoparticles, is known as the second most abundant element on the planet. The chemical is used as a cementitious admixture in concrete and paints, coatings, and rubber additives. Nanosilica products are used in multiple industries such as chemicals, medicine, construction, electrical, and electronics. The major manufacturers are focusing on increasing the availability of nanosilica-based products in the construction industry in combination with other cementing materials like risk hush ash and micro silica.
Driver:
The increased demand, especially from the rubber coatings industry owing to the growing usage as the additive in rubber products combined with the strength enhancement of the vulcanized rubber as a reinforcing agent, are the major factors that boost the Nanosilica market statistics. Furthermore, the rising adoption of nanosilica for multiple construction applications also accelerates the market growth during the forecast period due to the increased demand for concrete which contains over 3% of nanosilica that enhances the durability and mechanical properties of concrete admixtures.
Restraint:
Stringent government regulations such as EU Commission No. 1223/2009 and article 13 by European Commission limit the usage of nanosilica in multiple application segments owing to the toxicity of silica fumes and restrictions on cosmetic products containing nanoparticles which pose threat to the human body in terms of serious health conditions such as silicosis. Additionally, the high costs and increased carbon footprint also hamper the market growth during the forecast period.
Opportunities:
The increased research and development on innovations such as the use of rice husk ash in nanosilica production are expected to provide lucrative opportunities for market growth during the forecast period owing to the shift to natural alternatives among end users. Moreover, the surge in the usage of nanosilica especially in RNA/DNA delivery systems in vaccine development such as nucleic acid vaccines and enhanced soil stabilization using biosynthesized nanosilica in terms of high durability, cost-efficiency, and reliable stabilization properties are also projected to create profitable opportunities during the forecast period.
COVID-19 Impact:
The nanosilica market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as reduced material sourcing, limited availability of raw materials, and economic slowdown caused due to reduced global foreign direct investment (FDI) are the major impacts of COVID-19 which hampered market growth. Shipments were impacted during the initial lockdown due to the disrupted supply chain and the closure of a manufacturing facility which led to the decline, especially in the chemical and rubber sector. However, the circumstances have stabilized and as a result, it is determined that COVID-19’s overall impact on the industry is moderate. Post covid-19, there was a positive impact on market growth due to the growing rate of urbanization and industrialization.
Nanosilica Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 8.4 Billion |
| CAGR (2022-2030) | 6.7% |
| By Product | P-type, S-type, and Type lll |
| By Application | Rubber, Healthcare, Food Packaging, Coatings, Plastics, Concrete, Gypsum, Battery, Electronics, Cosmetics |
| By Geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, and the Rest of MEA) |
| Key Players | Evonik Industries AG, Cabot Corporation, NanoPore Incorporated, FUSO CHEMICAL CO., LTD., nanoComposix, Anten Chemical, Bee Chems, Dow Corning Corporation, Nanowerk, Normet, SkySpring Nanomaterials, Inc., US Research Nanomaterials, Inc., Wacker Chemie AG |
Market Segmentation:
By Product
The product segment is trifurcated into p-type, s-type, and type lll. The p-type segment is anticipated to contribute the largest share in terms of volume during the forecast period. The factors such as increased usage in concrete admixtures owing to the high pore rate, high ultraviolet reflectivity, and protection against sulphate and acidic water attack are estimated to support the contribution of the p-type segment in nanosilica market growth. Furthermore, the s-type segment is also expected to register the fastest CAGR growth of over 47.2% owing to the augmented hydration absorption levels, increased usage as filler material, and high specific surface area when mixed in the concrete admixtures.
By Application
The application segment is categorized into rubber, healthcare, coatings, food, plastics, concrete, battery, gypsum, electronics, and cosmetics. The rubber segment is estimated to contribute the largest share in terms of revenue and volume to the market growth during the projected period. The factors such as the increased mechanical properties of rubber such as toughness, anti-friction, anti-aging, and durability combined with the wide application as the additives in products like natural rubber, nitrile rubber (NBR), styrene-butadiene rubber (SBR), ethylene acrylic rubber (AEM), ethylene propylene diene monomer (EPDM), and silicone rubber are anticipated to support the growth of the rubber segment. Additionally, the healthcare segment is also anticipated to register the fastest CAGR growth during the forecast period. The factors such as increased usage in medical applications such as biomedical imaging, drug delivery, and photodynamic and photothermal therapy combined with the large specific surface area, superficial surface modification, adjustable pore size, and excellent biocompatibility are expected to support the growth of the healthcare segment.
By Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. Asia-Pacific is expected to contribute the largest share to the market growth in 2021. The factors such as growing industrial activities in sectors such as concrete, healthcare, coating, and rubber especially in China and Japan, the large presence of industry players and favorable government initiatives such as “Housing for All” owing to the construction of modern houses in rural and urban areas as concrete is the major application of nanosilica are anticipated to fuel the growth of the market growth in the Asia Pacific region.
North America is also expected to register the fastest growth in terms of value and volume during the forecast period owing to the high disposable income among the population combined with the rising expenditures on innovations such as biosynthesized nanosilica for the promotion of clean alternatives to existing products are estimated to fuel the industry in the North American region.
Nanosilica Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-
- Evonik Industries AG
- Cabot Corporation
- NanoPore Incorporated
- FUSO CHEMICAL CO., LTD.
- NanoComposix
- Anten Chemical
- Bee Chems
- Dow Corning Corporation
- Nanowerk
- Normet
- SkySpring Nanomaterials, Inc.
- US Research Nanomaterials, Inc.
- Wacker Chemie AG
FAQ
How much is the Nanosilica Market worth?
The Nanosilica Market is worth USD 8.4 Billion by 2030.
Who are the major players operating in this industry?
Evonik Industries AG, Cabot Corporation, NanoPore Incorporated, FUSO CHEMICAL CO., LTD., nanoComposix, Anten Chemical, Bee Chems, Dow Corning Corporation, Nanowerk, Normet, SkySpring Nanomaterials, Inc., US Research Nanomaterials, Inc., Wacker Chemie AG are the major players operating in this industry.
Which region contributed the largest share of the market growth?
Asia Pacific is estimated to contribute the largest share to the market growth.
What is the main market-driving factor?
The increased demand, especially from the rubber coatings industry owing to the growing usage as the additive in rubber products combined with the strength enhancement of the vulcanized rubber as a reinforcing agent.
Which is the leading product segment in this market?
The p-type Industry is the leading product segment in this market.
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- Product Picture of Nanosilica
- Global Nanosilica Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief:
- Parent Market Overview
- Overall Nanosilica Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews:
- Average primary breakdown ratio
- Executive Summary
- Business Trends
- Regional Trends
- Product Type Trends
- Application Trends
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Restraints
- Opportunity
- Impact forces for market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Distribution Channel
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Technology Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor 81
- Covid-19 impact on Global economy
- Covid-19 impact on Nanosilica demand
- Post Covid Impact on Nanosilica Market Demand
- Impact Analysis of Russia-Ukraine Conflict
- Drivers
- Global Nanosilica Market Analysis Forecast by Product Type
- Global Nanosilica Segment by Product Type
- Global Nanosilica Market Revenue Share (%), by Product Type, 2021
- Global Nanosilica Market Volume (Kilo Tons), by Product Type, 2016 – 2028
- Global Nanosilica Market Revenue (USD Billion), by Product Type, 2016 – 2028
- Global Nanosilica Market Volume (Kilo Tons) & Revenue (USD Billion), by Product Type, 2016 – 2028
- P-type
- S-type
- Type lll
- Global Nanosilica Segment by Product Type
- Global Nanosilica Market Analysis Forecast by Application
- Global Nanosilica Segment by Application
- Global Revenue Share (%), by Application, 2021
- Global Volume (Kilo Tons), by Application, 2016 – 2028
- Global Revenue (USD Billion), by Application, 2016 – 2028
- Global Nanosilica Market Volume (Kilo Tons) & Revenue (USD Billion), by Application, 2016 – 2028
- Concrete
- Rubber
- Electronics
- Healthcare
- Coatings
- Others
- Global Nanosilica Segment by Application
- Nanosilica by Regions
- Global Nanosilica Market Overview, By Region
- Global Revenue, By region
- Global Nanosilica Market Volume (Kilo Tons) & Revenue (USD Billion), 2016-2028
- Global Revenue Share (%) by region, 2021
- North America
- North America Volume (Kilo Tons) & Revenue (USD Billion), 2016-2028
- Asia Pacific
- APAC Volume (Kilo Tons) & Revenue (USD Billion), 2016-2028
- Europe
- Europe Volume (Kilo Tons) & Revenue (USD Billion), 2016-2028
- Latin America
- Latin America Volume (Kilo Tons) & Revenue (USD Billion), 2016-2028
- Middle East & Africa
- Middle East & Africa Nanosilica Market Volume (Kilo Tons) & Revenue (USD Billion), 2016-2028
- Global Nanosilica Market Overview, By Region
- North America
- North America Nanosilica Market Size by Countries
- North America Volume (Kilo Tons) by Countries (2016-2021)
- North America Market Revenue (USD Billion) by Countries (2016-2021)
- North America Market Volume (Kilo Tons), by Product Type, 2016 – 2028
- North America Revenue (USD Billion), by Product Type, 2016 – 2028
- North America Volume (Kilo Tons), by Application, 2016 – 2028
- United States
- U.S. Volume (Kilo Tons), by Product Type, 2016-2028
- U.S. Revenue (USD Billion), by Product Type, 2016 – 2028
- U.S. Volume (Kilo Tons), by Application, 2016 – 2028
- U.S. Market Revenue (USD Billion), by Application, 2016 – 2028
- Canada
- Mexico
- North America Nanosilica Market Size by Countries
- Europe
- Europe Nanosilica Market Size by Countries
- Europe Market Size, by Product Type, 2016 – 2028
- Europe Market Size, by Application, 2016 – 2028
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Europe Nanosilica Market Size by Countries
- Asia Pacific
- Asia Pacific Nanosilica Market Size by Countries
- Asia Pacific Market Size, by Product Type, 2016 – 2028
- Asia Pacific Market Size, by Application, 2016 – 2028
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- Asia Pacific Nanosilica Market Size by Countries
- Latin America
- Latin America Nanosilica Market Size by Countries
- Latin America Market Size, by Product Type, 2016 – 2028
- Latin America Market Size, by Application, 2016 – 2028
- Brazil
- Argentina
- Chile
- Latin America Nanosilica Market Size by Countries
- Middle East and Africa
- Middle East and Africa Nanosilica Market Size by Countries
- Middle East and Africa Market Size, by Product Type, 2016 – 2028
- Middle East and Africa Market Size, by Application, 2016 – 2028
- GCC
- Turkey
- South Africa
- Middle East and Africa Nanosilica Market Size by Countries
- Global Nanosilica Market by Players
- Global Nanosilica Market Revenue Share (%): Competitive Analysis, 2021
- Key entry strategies adopted by market players
- Global Revenue (USD Billion), By Manufacturer 2021
- Global Revenue Share (%), By Manufacturer 2021
- Global Nanosilica Market Player Positioning, By Manufacturer 2021
- Global Nanosilica Market Revenue Share (%): Competitive Analysis, 2021
- Global Nanosilica Market: Recent Development
- Competitive Analysis
- Anten Chemical
- Business Overview
- Anten Chemical Business Financials (USD Billion)
- Anten Chemical Nanosilica Product Category, Type and Specification
- Anten Chemical Main Business/Business Overview
- Anten Chemical Geographical Analysis
- Anten Chemical Recent Development
- Anten Chemical Swot Analysis
- Bee Chems
- Dow Corning Corporation
- Nanowerk
- Normet
- Ref Steel Solution
- SkySpring Nanomaterials, Inc.
- US Research Nanomaterials, Inc.
- Vitro Minerals Inc.
- Xinglu Chemical
- Anten Chemical
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.