Acidic Colloidal Silica Market Size, Share, Growth, And Industry Analysis By Type (Particle Size 10-20 nm, Particle Size 20-50 nm, Particle Size 50-130 nm and Other) By Application (Refractories, Textile Industry, Catalysts, Electronics and Battery Materials and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Acidic Colloidal Silica Market Report Overview

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The global acidic colloidal silica market size was USD 85 million in 2022 and is expected to reach USD 123.79 million in 2031, exhibiting a CAGR of 4.3% during the forecast period.

Silica crystals that are suspended in a liquid are known as colloidal silica. The liquid has been electrostatically stabilized and is denser than water, enabling the particles to remain suspended in the mixture. Additionally, the silica particles are quite tiny and have a low density. In the event that the particles are too big, they will separate from the solution. Too-small silica particles are challenging to stabilize in a solution. In addition to being delivered in bulk, colloidal silica is also offered in IBCs and plastic drums.

The high surface area and good chemical reactivity of colloidal silica make it a highly effective binder for stabilizing a variety of products, including high-temperature insulators, ceramics, and chemical catalysts. The market for colloidal silica has expanded due to the creation of specialized forms of the material for a variety of uses. Due to its great purity and inertness, the substance, for example, can be utilized in catalysts and applications like agriculture. Applications for colloidal silica range from providing medicinal ingredients in capsule form to fire retardants. As a result, the market is anticipated to enjoy attractive growth possibilities throughout the course of the projected period due to the prospective applications of colloidal silica.

COVID-19 Impact: Halt In Production Activities To Harm The Market

The global COVID-19 pandemic has been unprecedented and staggering, with acidic colloidal silica market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Globally, the COVID-19 pandemic's consequences are already being felt, and the cubicles and partitions business was considerably affected. Multiple markets were negatively impacted by the COVID-19 epidemic. Lockdowns were implemented in several nations. The abrupt outbreak caused difficulties in many different kinds of enterprises. Various industries were affected by the pandemic's restrictions, and the chemicals business was one among them. The market demand was impacted when production of acidic colloidal silica was stopped.

Latest Trends

"Increased Use In Digital Printing To Boost The Market Growth"

The significant proportion of matte papers used for ink-jet printing include colloidal silica. Colloidal silica's high internal porosity, hydrophilicity, and surface area make it simple for ink to diffuse over the coating layer. Additionally, colloidal silica enhances the brightness and opacity of paper. Due to the increased production costs, the component is mostly used in coating functions and not in the papermaking process. Although it doesn't impact the paper's brightness or roughness, colloidal silica can be utilized as a filler since it helps with improved mechanical qualities including internal and tensile bonding.

Acidic Colloidal Silica Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Particle Size 10-20 nm, Particle Size 20-50 nm, Particle Size 50-130 nm and other. Particle size 10-20 nm is the largest segment by type.

• By Application Analysis

Based on application, the market can be divided into Refractories, Textile Industry, Catalysts, Electronics and Battery Materials and others. By application, the catalysts segment holds the majority of the market.

Driving Factors

"Superior Stabilizing Tendency To Pull Up The Market"

Considering its main characteristics, which include superior stability and tunable particle size distribution, colloidal silica continues to gain significant momentum as the preferred abrasive in chemical mechanical planarization (CMP) applications. Further, the colloidal silica sector will benefit greatly from recent research efforts toward the production of colloidal materials with customizable chemical and physical properties. These features would drive up the market for acidic colloidal silica.

"Diverse Industry Applications To Increase The Market Share"

Industries involving colloidal silica include those that produce textiles, paper, coats, refractories, ceramics, and foundries. The use of colloidal silica is expanding quickly across a variety of industries, including paint & coatings, pulp and paper manufacturing, and others. Colloidal silica has witnessed a noticeable increase in use in the automobile industry for the production of vehicle tires. Colloidal silica is also seeing significant traction in the electronics business due to the quickening surge in the output of electronic components. The market for acidic colloidal silica will expand due to the colloidal silica's expanding applications.

Restraining Factors

"Supply Chain Restrictions And Price Volatility To Constrict The Demand"

Despite the market's tremendous expansion, there are still certain challenges to overcome, such as logistical problems, supply chain disruptions, government laws and requirements, export limitations, and border concerns that may have an impact on raw material pricing and supplies. The high price volatility of the raw ingredients required to make colloidal silica continues to be a major source of worry for industry participants. Consequently, the acidic colloidal silica market size would become smaller.

Acidic Colloidal Silica Market Regional Insights

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"North America To Dominate The Market Share Through 2028"

Since hydrophobic colloidal silica is increasingly used in the region's automotive industry, North America accounted for the highest share of the global market for colloidal silica. Tires with lower rolling resistance are produced using a lot of colloidal silica, which improves vehicle control and fuel efficiency. The second-largest market is the Asia Pacific due to its expanding chemical and industrial sectors.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advanta"ge

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Grace (U.S.)
• Nouryon (Netherlands)
• Nissan Chemical (Japan)
• Guangdong Well-Silicasol (China)
• Nalco (India)
• Merck (U.S.)
• Yinfeng Silicon (China)
• Chemiewerk Bad Köstritz (Germany)
• Linyi Kehan Silicon Products (China)
• Qingdao Haiyang Chemical (China)
• Hubei Yulong Chemical (China)
• Zhejiang Yuda Chemical (China)
• Remet (U.S.)
• Nyacol (U.S.)
• YIMING (China)
• Fuzhou Sanbang Silicon Material (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.