What Make Top Companies in Global Fumed Silica Market Don't Want You to Know

According to vantage market research, the Fumed Silica market is valued at USD 1.2 Billion in 2021 and is estimated to reach a value of USD 1.8 Billion by 2028 at a CAGR of 5.1% during the forecast period. Fumed silica is produced in a flame consisting of microscopic droplets of amorphous. Silica are majorly used in silicone elastomers, adhesives & sealants, paint, and coating & inks. Factors such as, increased demand from pharmaceutical, electrical & electronics, personal care & beauty, food & beverage, building & construction, and automotive & transportation, industries are bolstering the growth of fumed silica market in the coming years.

Fumed silica has been used in pharmaceutical industry since 1957, earlier it was only used as a medium for the medicine to travel in the human body, hence production of tablets and capsules were a challenge earlier. With the help of research and technology, use of fumed silica and its known properties such as anti-caking agent, good absorbent, quick disintegration or glidant has aided the tablet and capsule manufacturers in its extensive and widespread use. In addition to this, the FDA has approved it to be as safe to use, thus, it increases the fumed silica market demand. Government and global associations have put numerous stringent rules and mandates pertaining to the use of fumed silica. FDA has restricted the use of silica in food additives to only 2% of the total weight of product. The occupational and health administration has enforced standard against use of fumed silica, thus, hampering the market demand. Silica being hazardous substance, its usage has a lot of limitations and intern reduces the profit margin & hampers the growth of fumed silica market to an extent.

Following are the Top 7 leading companies in the Fumed silica Market:

1. Evonik Industries

Number of Employees- 33,000

Headquartered in Essen, Germany, Evonik is one of the world’s leading specialty chemicals companies. Evonik stands for attractive business and innovative strength. Around 80 percent of sales come from market-leading positions, which the company are systematically expanding. The company work in a results-focused corporate culture that is geared to profitable growth and increasing the value of the company. The company's strengths include the balanced spectrum of our business activities, end-markets, and regions as well as close collaboration with our customers.

2. Cabot Corporation

Number of Employees- 4,500

Cabot Corporation is a leading global specialty chemicals and performance materials company headquartered in Boston, Massachusetts, USA. The company delivers a broad range of products and solutions to customers in every corner of the globe, serving key industries such as transportation, infrastructure, environment and consumer. The company provides performance solutions that solve customers' challenges today while preparing them to meet tomorrow’s needs. The company's strength in research and development is a major reason why they have been an industry leader for more than 130 years in products such as rubber and specialty carbons, activated carbon, aerogel, fumed metal oxides, graphenes, inkjet colorants, masterbatches and conductive compounds.

2. Wacker Chemie AG

Number of Employees- 14,658

WACKER is a globally active company with state of the art specialty chemical products found in countless everyday items, ranging from cosmetic powders to solar cells. Silicon-based products account for about 70 percent of company’s sales, and products that are primarily ethylene-related for 30 percent. In order to capitalize fully on the market potential of the product portfolio, the company works in four operational business divisions. Each business division is responsible for designated products, production plants, markets and customers.

4. Tokuyama Corporation

Number of Employees- 4,889

Tokuyama Corporation is a Japanese, Tokyo-based chemical company and the world's fourth largest silicon manufacturer. The company operates across Japan, Taiwan, China, South Korea, Singapore, Malaysia, Australia, United States, and Germany.

5. Applied Material Solutions Inc.

Number of Employees- 885

Applied Material Solutions offers colloidal silica, antifoam and defoamer products, hydrophobic treated silica, silicone emulsions, and toll manufacturing. AMS is headquartered in Elkhorn, WI, with a manufacturing plant in Burlington, WI. The company's facilities are equipped with world class technology and knowledgeable experts who develop and produce the best products in the industries. The company's teams communicate quickly and collaborate efficiently, focused on providing solutions and boosting customer productivity.

6. Hubei Xingrui Silicon Materials Co., Ltd.

Number of Employees- 10,500

Established in 1994, Hubei Xingfa Chemicals Group Co,Ltd focuses on the development, manufacturing of a full range of phosphorus based chemicals. The company provides good quality and reliable supply of organic silicone products for the construction, textile, electricity, personal care industries. The company embraces green chemical production manufacturing 591 products covering 15 categories with application in industrial grade, feed grade, food grade, Dental Care grade, Pharmaceutical grade, electronic grade industries. The company represents the most complete product portfolio for phosphate industries in the world.

7. OCI Company Ltd.

Number of Employees-1,551

OCI Company Ltd. is a chemical company founded in 1959, with its head office in Seoul, South Korea. The company's name is an initialism of its former corporate name, Oriental Chemical Industries. The main products of company includes polycrystalline silicon, hydrogen peroxide, fumed silica, coal tar pitch, BTX, and other chemical related materials. The company provides optimal solutions to customers worldwide through business portfolios ranging from basic chemical products to solar PV generation and urban development under the vision of "Global Leading Green Energy and Chemical Company".

Read More: https://www.globenewswire.com/news-release/2022/02/23/2390112/0/en/Global-Fumed-Silica-Market-Size-to-Reach-USD-1-8-Billion-by-2028-Rising-Demand-for-Fumed-Silica-from-End-Use-Industries-to-Boost-Market-Vantage-Market-Research.html

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For More Information about each of these companies. Vantage Market Research Report comes up with detail analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, In-depth analysis of key players, Development opportunities, Sales, Revenue Forecast.