Nanosilica Global Market Report 2022

Major players in the nano silica market are NanoPore Incorporated, Fuso Chemical, Evonik, Cabot Corporation, DuPont, AkzoNobel, Nanostructured and Amorphous Materials (NanoAmor), Wacker Chemie AG, Normet, and Nanosil Sdn.

The global nanosilica market is expected to grow from $3.52 billion in 2021 to $3.84 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The market is expected to grow to $4.74 billion in 2026 at a CAGR of 5.4%.

The nano-silica market consists of the sales of nano-silica products and related goods by entities (organizations, sole traders and partnerships) that are engaged in various fields.Nanosilica is an allotrope of silicon, which is the second most abundant element in the earth’s crust.

Only goods and services traded between entities or sold to end consumers are included.

The main types of nano-silica are P-Type, S Type, and Type III. The P-type nano-silica is characterized by various nanopores that consist of a pore rate of 0.61ml/g. The different raw materials include rice husk, olivine, bagasse, and other raw materials and are used in rubber, health and medicine, food, coatings, plastic, concrete, gypsum, cosmetics, electronics, and other applications.

The Asia Pacific was the largest region in the nano-silica market in 2021. The regions covered in the nano-silica report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Increased demand for nanoparticles in the medical industry contributed to the growth of the nano-silica market.Nanoparticles are presently being engaged as a tool to explore the rarest approaches of medical sciences in several ways like imaging, sensing, targeted drug delivery, gene delivery systems, and artificial implants.

According to the Royal Society of Chemistry, published in July 2020, the use of nanoparticles in medicine has been increased over the last ten years.Nanomaterials have various properties that make them suitable for a variety of clinical applications.

One of the important benefits of nanoparticles is their small size of 10–200 nm allowing them to circulate the body without disrupting blood flow, and being able to avoid clearance by both the renal and complement systems.11 The size of clinically used nanomaterials is also helpful in cancer treatments, that nanoparticles could successfully penetrate tumour tissues The nanoparticles market experiences huge demand from the medical industry, which in turn will propel the revenues generated for the nano-silica market.

An increase in the government-sanctioned lockdowns and several manufacturing plants being restricted for an inconsiderable period had impeded the growth of the global nano-silica market.The government shutdown has proved extremely tough for the construction industry which uses nano-silica in its cement-based materials, especially concrete.

According to the BLDUP data published in 2020, the government shutdown’s impact on the construction industry was that all the construction projects that were under federal funding ended up losing profits and employee productivity.There have been 18 government shutdowns in the USA history, with the most recent one lasting to January 25, 2019, the longest to date.

According to the Congressional Budget Office, the five-week cessation took a meaningful economic toll, costing the USA economy $11 billion, with nearly a quarter of that total invariably lost. Thus, the mass closure of construction industries has negatively affected the growth of the nano-silica market.

The launch of 3D printing aerogel microstructures has created immense demand in the nano-silica market.The 3D-printed aerogel micro-structures provide thermal insulation for miniature components.

For instance, in 2020, a team of EMPA in Switzerland has developed a technique to 3D print microstructures using insulating silica aerogels.The team has clicked in generating stable, well-acclimated microstructures from silica aerogel by utilizing a 3D printer.

The printed structures can be as slender as a tenth of a millimetre.The aerogel can be used to insulate small electronic components and even build small pumps and sensors.

The thermal conductivity of the silica aerogel is scarcely under 16 mW/(m*K), which is half of that of polystyrene, and even extremely less than that of a non-moving layer of air at 26 mW/(m*K). At an equivalent period of your time, the printed silica aerogel has even more evolved mechanical attributes and may even be riddled and crushed. This exposes completely new feasibilities for the post-processing of 3D-printed aerogel mouldings.

In October 2021, Wacker, a company operating in nanosilica based in Germany acquired Sico Performance Material company for an undisclosed amount.With this acquisition, the Wacker company wants to expand its portfolio in silicon.

Cisco Performance Material, a company operating in nano-silica specialized in silicon-based in China.

The countries covered in the nano-silica market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.