DUBLIN, Ireland — According to a study released by Fact.MR, global sales of fumed silica are likely to have surpassed 335,000 MT in 2018, up from 323,733 MT in 2017. Gains will be driven by sustained demand in end-use industries such as printing inks, paints, coatings and adhesives. The report predicts that the market will reach a 4.9% compound annual growth rate during the period from 2018 to 2028.
Increasing demand for water-based coatings and paints for industrial and architectural applications continues to be a driver for the market. Fumed silica is used on a large scale in paints and coatings to prevent corrosion and rust. Additionally, demand for silicone rubber is increasing in the automotive sector to improve fuel efficiency, accelerating growth in the fumed silica market.