What Has Been The Historical And Current Growth Of The Nanosilica Market?
The nanosilica market has seen considerable growth due to a variety of factors.
• The market for nanosilica has shown robust expansion in the recent past. The market value is anticipated to rise from $4.36 billion in 2024 to $4.65 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%.
The historic growth can be traced back to the surge in demand for nanotechnology uses in electronics, increasing utilization of nanosilica in the construction industry, a marked rise in the need for nanosilica in the healthcare sector specifically for drug delivery systems, strict environmental regulations, and the adoption of environmentally friendly nanomaterials.
What Is The Forecast For The Nanosilica Market By 2029?
The nanosilica market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of nanosilica is projected to increase substantially in the coming years, expanding to $6.39 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 8.3%.
Growth during the anticipated period can be ascribed to the expanding automotive industry, escalating demand for premium-performance coatings across various sectors, a surge in R&D activities, and increasing recognition and use of nanosilica in the energy sector, as well as heightened demand in water treatment applications. Key trends during the projected period encompass the incorporation of nanosilica into consumer goods to improve their characteristics, emphasis on green and bio-produced nanosilica fabrication methods, cross-industry cooperation for diverse applications, the emergence of innovative products based on nanosilica, and the shift towards individualized medicine and diagnostics.
Which Drivers Are Accelerating Growth In The Nanosilica Market?
The surge in the requirement of nanoparticles within the health sector has fueled the expansion of the nano-silica market. Currently, nanoparticles are being utilized to delve into unexplored areas of medical science, such as imaging, sensors, precision drug delivery, gene delivery systems, and synthetic implants. A recent investigation by Washington University's Cancer Center confirmed the potential of doxorubicin encapsulated in nanoparticles for treating triple-negative carcinomas. Doxorubicin, a well-established anthracycline class of drug, is principally used in combination with chemotherapy. Amino-functionalized silica nanoparticles (SiNPs) are employed as targeted transport mechanisms for potential carcinoma treatments. These SiNPs can effectively encapsulate doxorubicin and can be connected to a targeting moiety like anti-Claudin-4 (CLN4). It has been discovered that nanoparticles amplify the contrast in images obtained through ultrasound, primarily when visualizing tumors. The massive demand for nanoparticles from the health sector will, consequently, drive the revenue for the nano-silica market.
What Are The Core Segments Of The Global Nanosilica Market?
The nanosilica market covered in this report is segmented –
1) By Type: P Type, S Type, Type III
2) By Raw Material: Rice Husk, Olivine, Bagasse, Other raw Materials
3) By Application: Rubber, Health And Medicine, Food, Coatings, Plastic, Concrete, Gypsum, Cosmetics, Electronics, Other Applications
Subsegments:
1) By P Type: Pyrogenic Silica, Precipitated Silica
2) By S Type: Surface-Modified Silica, Silica Gel
3) By Type III: Colloidal Silica, Fumed Silica
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Which Emerging Trends Are Reshaping The Nanosilica Market Size?
Key players in the nanosilica market are shifting their focus to create novel commodities; for instance, cotton fabric coated with nanoparticle to better cater to their existing customer needs. The cotton material subjected to silica nanoparticles treatment results in a textile product boosted by tiny silica particles, enhancing durability, resistance to stains, and effective moisture control. For example, in September 2023, the Indian Institute of Technology (IIT) Guwahati, a publicly funded technical university in India, pioneered the development of a cotton fabric treated with silica nanoparticles capable of eliminating oil from oil-water mixtures. This research project aims at transforming extensive agricultural waste into a value-added product that is environmentally benign and assists in mitigating marine oil pollution. The nanoparticles under consideration were generated using rice husk, a byproduct of agriculture, serving as the primary raw material. The results of this study could aid in creating cost-efficient, long-lasting structures for the separation of oil/water mixtures or hazardous components from sea waters.
Who Are the Key Players in the Nanosilica Market?
Major companies operating in the nanosilica market include:
• NanoPore Incorporated
• Fuso Chemical Co. Ltd.
• Evonik Inc.
• Cabot Corporation
• DuPont Inc.
• Akzonobel Ltd.
• Nanostructured & Amorphous Materials Inc.
• Wacker Chemie AG
• Normet India Private Limited
• Nanosil Sdn
• US Research Nanomaterials Inc.
• nanoComposix Inc.
• Bee Chem Corporates Private Limited
• Nanocyl S. A.
• Nanophase Technologies Corporation
• Nanosilica Co. Ltd.
• NanoSonic Inc.
• Elektrokemiska Aktiebolaget
• Sigma-Aldrich Chemicals Pvt. Ltd.
• SkySpring Nanomaterials Inc.
• Nyacol Nano Technologies Inc.
• Nanoshel LLC
• Admatechs Co. Ltd.
• Reinste Nano Ventures Pvt. Ltd.
• Advanced Nano Products Co. Ltd.
• PlasmaChem GmbH
• Suzhou Tanfeng Nanomaterials Co. Ltd.
What are the Regional Insights into the Nanosilica Market?
Asia-Pacific was the largest region in the nanosilica market in 2024. The regions covered in the nanosilica market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
