PUBLISHER: The Business Research Company | PRODUCT CODE: 1392793
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392793
“Nanosilica Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on nanosilica market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for nanosilica? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The nanosilica market global report ” from The Business Research Company answers all these questions and many more.
The report covers 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.
Nanosilica refers to an allotrope of silicon that contains 99% silicon dioxide. It is used to reduce cement volume while optimizing the grading of the aggregate mix in the smallest size range. Silicon is the second most abundant element in the Earth's crust.
The nanosilica market, covered in this report, is segmented by type into P type, S type, and type III. It is also segmented by raw material into rice husk, olivine, bagasse, and others. Furthermore, it is segmented by application into rubber, health and medicine, food, coatings, plastic, concrete, gypsum, cosmetics, electronics, and others.
The nanosilica market research report is one of a series of new reports from The Business Research Company that provides nanosilica market statistics, including nanosilica industry global market size, regional shares, competitors with a nanosilica market share, detailed nanosilica market segments, market trends and opportunities, and any further data you may need to thrive in the nanosilica industry. This nanosilica market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The nanosilica market size has grown strongly in recent years. It will grow from $4. 12 billion in 2023 to $4. 4 billion in 2024 at a compound annual growth rate (CAGR) of 6. 8%. The growth observed in the historical period can be attributed to several factors, including the increasing demand for nanotechnology applications in electronics, the growing use of nanosilica in the construction industry, a rise in demand for nanosilica in the healthcare sector for drug delivery systems, stringent environmental regulations, and the adoption of eco-friendly nanomaterials.
The nanosilica market size is expected to see strong growth in the next few years. It will grow to $5. 93 billion in 2028 at a compound annual growth rate (CAGR) of 7. 7%. The anticipated growth in the forecast period can be attributed to the expansion of the automotive industry, the growing demand for high-performance coatings in various industries, an increase in research and development activities, the rising awareness and adoption of nanosilica in the energy sector, and a surge in demand for nanosilica in water treatment applications. Major trends expected in the forecast period include the integration of nanosilica in consumer goods for enhanced properties, a focus on sustainable and bio-sourced nanosilica production methods, collaboration between industries for cross-application, the emergence of innovative nanosilica-based products, and a shift towards personalized medicine and diagnostics.
The surge in demand for nanoparticles in the medical sector has been a significant factor contributing to the growth of the nano-silica market. Nanoparticles are increasingly employed in diverse medical applications, including imaging, sensing, targeted drug delivery, gene delivery systems, and artificial implants. Notably, a recent study conducted by the George Washington (GW) Cancer Center highlighted the promise of nanoparticle-encapsulated doxorubicin in treating triple-negative breast carcinoma. This anthracycline drug, when encapsulated in amino-functionalized silica nanoparticles (SiNPs), proves effective in targeted drug delivery for potential carcinoma treatment. SiNPs can efficiently encapsulate doxorubicin and be coupled with a targeting moiety like anti-Claudin-4 (CLN4). Nanoparticles have shown utility in enhancing ultrasound imaging contrast, particularly in tumor imaging. The robust demand from the medical sector is expected to drive substantial revenue growth for the nano-silica market.
The burgeoning automobile industry is anticipated to be a driving force behind the nanosilica market's growth in the foreseeable future. The automotive sector, comprising businesses involved in designing, developing, manufacturing, marketing, and selling automobiles, extensively utilizes nanosilica in coatings, tires, and interior components. Nanosilica's unique properties, including enhancing material strength and durability, reducing friction and wear, improving fuel efficiency, and providing UV protection and scratch resistance, make it valuable in automobile manufacturing. For instance, in January 2023, the Federal Chamber of Automotive Industries reported robust automobile demand in Australia during 2022, with 1,081,429 automobiles delivered, where light commercial vehicles and SUVs constituted 76. 8% of total sales. Consequently, the expanding automobile industry serves as a key driver for the nanosilica market.
Leading companies in the nanosilica market are strategically focusing on innovative product development, such as nanoparticle-coated cotton fabric, to better cater to the needs of their customer base. Silica nanoparticle-treated cotton fabric represents a textile material infused with microscopic silica particles, enhancing its durability, stain resistance, and moisture management capabilities. In a notable example, the Indian Institute of Technology (IIT) Guwahati developed silica nanoparticle-treated cotton fabric capable of removing oil from oil-water mixtures. The nanoparticles were derived from rice husk, an agricultural waste, showcasing an environmentally friendly approach to value-added product creation with potential applications in addressing marine oil pollution.
Major players in the nanosilica market are adopting a strategic partnership approach to enhance the global availability of nanoparticles for their clients. This collaborative strategy involves leveraging mutual strengths and resources for mutual benefits. For instance, in March 2021, nanoComposix, Inc., specializing in silica-based nanoparticles, collaborated with BIOZOL Diagnostica Vertrieb GmbH, a German biotechnological company, to expand the accessibility of nanoComposix products in Germany and Austria, aiming to strengthen their market presence.
In July 2021, Fortis Life Sciences LLC, a US-based life sciences firm, acquired nanoComposix Inc. for an undisclosed amount. This strategic move is expected to create synergies in the life science reagent market, combining nanoComposix Inc. 's unique nanoparticle products and rapid development services with Fortis's portfolio firms. The acquisition positions nanoComposix Inc. and Fortis to provide enhanced assistance to clients in the dynamic field of life sciences, with a particular focus on nanoparticles and their diverse applications.
Major companies operating in the in the nanosilica market report are NanoPore Incorporated, Fuso Chemical Co. Ltd., Evonik Inc., Cabot Corporation, DuPont Inc., Akzonobel Ltd., Nanostructured & Amorphous Materials Inc., Wacker Chemie AG, Normet India Private Limited, Nanosil Sdn, US Research Nanomaterials Inc., nanoComposix Inc., Bee Chem Corporates Private Limited, Dow Corning Corporation, Nanocyl S. A., Nanophase Technologies Corporation, Nanosilica Co. Ltd., NanoSonic Inc., Elektrokemiska Aktiebolaget, Sigma-Aldrich Chemicals Pvt. Ltd., SkySpring Nanomaterials Inc., Nyacol Nano Technologies Inc., Nanoshel LLC, Admatechs Co. Ltd., Reinste Nano Ventures Pvt. Ltd., Advanced Nano Products Co. Ltd., PlasmaChem GmbH, Suzhou Tanfeng Nanomaterials Co. Ltd.
Asia-Pacific was the largest region in the nanosilica market in 2023. The regions covered in the nanosilica market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the nanosilica market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The nanosilica market consists of sales of solid silica and shaped silica. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.