The global nano silica market is anticipated to grow at a CAGR of 6.9% during the forecast period (2023-2030). The growing use cases of nano silica in multiple industries such as electric vehicles, construction, healthcare, plastics, and rubber industry and growing demand from these industries is driving growth in the global nano silica market. For instance,
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• In July 2023, ClearCoat Roofing announced the development of a new nano silica solution to repair and maintain existing roofs. According to the company, the solution will help to enhance, protect, and increase the lifespan of asphalt shingle roofs.
• In June 2022, A research team at the National Sugar Institute (NSI) in India extracted nano silica from the ash of sugarcane Khoi, a byproduct of the sugar refining process. The nano silica is reported to be of high quality and has the potential to be used in a variety of applications. In India, approximately 1.5 million tons of ash are obtained from bagasse which can be used to produce around 3 lakhs tons of silica nanoparticles. This discovery could lead to the development of new and sustainable ways to produce nano silica.
• In November 2022, Kinaltek, a company that develops technologies for metal alloy powders, announced a one-step production process for silicon nanowires and silicon-carbon composites from low-cost silica. According to the company, the process is significantly cheaper and has a lower carbon footprint than existing nano silicon technologies. The process has been demonstrated on a kilogram scale, which suggests that it is scalable for commercial production. If the process is commercialized, it could have a major impact on the market for silicon nanowires and silicon-carbon composites.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Cabot Corp., Evonik Industries AG, FUSO CHEMICAL CO., LTD., and BASF SE, among others.
Key questions addressed by the report.
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Nano Silica Market Report Segment
By Product
By Application
Global Nano Silica Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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