Product Code: RP-ID-10346757 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Chemicals |
Report ID: 10346757
Market Overview:
APAC Colloidal Silica Market Outlook 2027
Asia Pacific Colloidal Silica Market Analysis – 2018 - 2027
Colloidal silica is used in various avenues ranging from electronics, automobile, semiconductors to paints & coatings. It is a dispersion of silicon dioxide where the size of its constituent particles ranges from 1 to 100 nm. Colloidal silica consists of spherical and fine amorphous silica particles and is found in the liquid state. It is also very hydrophilic in nature and thus finds many applications across a wide range of industries. The Asia Pacific colloidal silica market is expected to grow at a CAGR of 6.5% over the forecast period of 2021-2027. In 2019, this market recorded a value of around USD 350 million and is expected to witness growth owing to the rising demand for colloidal silica in the construction sector along with other end-use industries. These industries, including automotive, textile, and electronics are witnessing a growing requirement for colloidal silica which is expected to drive the growth of the colloidal silica market. Furthermore, the growing demand for paints & coatings is also anticipated to drive the market's growth in the forthcoming years.
The colloidal silica market can be segmented into product, application, and end-use industry. The product segment is further sub-divided into alkaline, acidic, modified, and ordinary colloidal silica. Out of these, the alkaline colloidal silica segment held the largest market share in 2019 with a value of around 45%. This was owing to its use in metallographic polishing, semiconductor wafers, and fine polishing of silicon wafers.
Owing to a large consumer electronic industry, China witnessed a significant demand for colloidal silica. Rapid urbanization coupled with the increasing adoption of electronic products has led to a large requirement of colloidal silica and as a result, China recorded a market size of around USD 160 million in 2020. Japan and India were also significant consumers of colloidal silica with a market size of around USD 30 million and USD 25 million respectively in 2020.
Some of the affluent industry leaders in the colloidal silica market are Nissan Chemical Corporation, FUSO CHEMICAL CO., LTD., Bee Chems, YOUNG IL CHEMICAL CO., LTD., Zhejiang Yuda Chemical Co.,Ltd., Jinan Yinfeng Silicon Products Co., Ltd., Guangdong Well-Silicasol Co., Ltd., DKIC and Sahajanand Industries.
Nissan Chemical Corporation, FUSO CHEMICAL CO., LTD., Bee Chems, YOUNG IL CHEMICAL CO., LTD., Zhejiang Yuda Chemical Co.,Ltd., Jinan Yinfeng Silicon Products Co., Ltd., Guangdong Well-Silicasol Co., Ltd., DKIC and Sahajanand Industries.
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