Global Nanosilica Market 2017-2021
Nanosilica, a mesoporous form of silica, is the latest development in the field of nanotechnology. Nanosilica is mainly of three types: P-type or porous nanosilica, S-type, or spherical nanosilica, and type 3 nanosilica. It has applications as fillers in plastics and polymers and as reinforcing agents in rubber and concrete mixtures. It provides excellent toughness, strength, and reduced setting time. Its non-toxicity and biodegradability make it useful in the pharmaceutical industry, for drug delivery and therapeutics. Under electronics segment, it is used to make insulators due to its low thermal conductivity.
Technavio’s analysts forecast the global nanosilica market to grow at a CAGR of 7.90% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global nanosilica market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global nanosilica market 2017-2021
Technavio recognizes the following companies as the key players in the global nanosilica market: Akzo Nobel, Cabot Corporation, DuPont, Evonik, and FUSO CHEMICAL
Other Prominent Vendors in the market are: Advanced NanoTech Lab, Bee chems, DKIC, Dow Corning Corporation, nanoComposix Nano Labs, NanoPore Incorporated, Nanoshell, Nanostructured & Amorphous Materials, and Wacker Chemie.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising demand from the rubber industry. Inorganic nanofillers, for example: Nanosilica, have great potential to improve the chemical and physical properties of rubber. Nanosilica-reinforced tires are helpful in decreasing the greenhouse gas emissions from vehicles. The use of nanosilica fillers in the tires makes it light-weight and enhances its thermal resistivity, optical resistivity, and flame retardancy. Mixing silicon dioxide with natural rubber or synthetic rubber improves its thermal resistance, elasticity, and young modulus of the natural rubber nanocomposite materials. Also, the reinforcement rate of vulcanized rubber can be made 40 times higher than that of natural rubber, with the addition of nanosilica fillers.”
According to the report, one of the major drivers for this market is Growing demand for nano coatings. With the increasing use of nanotechnology in paints and coatings on materials and surfaces, nanoparticle composites are gaining importance because of their characteristics that enhance the performance of applied surfaces. Nanoparticles such as nanosilica are used as fillers that provide scratch resistance, hardness, ultraviolet radiation resistivity, and antistatic properties. The size of nanosilica is very small that is responsible for features such as: larger surface area and better performance. It is increasingly used in households and healthcare and automotive sectors. The coating of nanosilica/silicon dioxide also offers antimicrobial and germ-killing properties when mixed with paints and nanoparticle composites.
Further, the report states that one of the major factors hindering the growth of this market is Stringent regulations on nanomaterials. Although nanosilica has wider applications in many industries and the market is expected to grow at a decent rate, certain regulations are restricting its usage and consumption. For instance, European Commission's (EC) scientific committee on consumer safety (SCCS) has investigated the restricted usage of nanosilica in beauty and cosmetic products. According to the EC, high potential exposure of nanosilica in many products is a concern as it can break out of the agglomerate and enter body cells. In cosmetics, it is used in nano forms that perform several functions like anti-foaming; anti-caking; and skin conditioning. SCCS is highly concerned about the restricted usage of silica, hydrated silica, and silica surface modified with alkyl silicates that are in nano form.
Akzo Nobel, Cabot Corporation, DuPont, Evonik, FUSO CHEMICAL, Advanced NanoTech Lab, Bee chems, DKIC, Dow Corning Corporation, nanoComposix Nano Labs, NanoPore Incorporated, Nanoshell, Nanostructured & Amorphous Materials, and Wacker Chemie.