Aqueous colloidal silica is an important industrial product manufactured from basic ingredients such as water and sand. The chemical properties of colloidal silica allow the material to be extremely versatile. For instance, the tiny silica particles offer high surface area and excellent chemical reactivity, making them highly effective as a binder to stabilize a range of products such as high-temperature insulators, ceramics, and chemical catalysts. Another example of colloidal silica explains how colloidal silica particles can be used in different conditions, such as structuring agents for applications ranging from delivering encapsulated therapeutic agents to fire retardants. Despite abundant applications of colloidal silica, the material still has considerable untapped potential. The key functional properties of colloidal silica have enabled the market players to discover new and innovative applications that have continued to emerge for this versatile material. Thus, the innovative applications of colloidal silica are expected to provide lucrative opportunities in the market over the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA colloidal silica market. The MEA colloidal silica market is expected to grow at a good CAGR during the forecast period.
MEA Colloidal Silica Market Segmentation
The MEA colloidal silica market is segmented based on product type, application, and country. Based on product type, the market is segmented into alkaline, acidic, modified, and ordinary. The alkaline segment dominated the market in 2020, and the same segment is expected to be the fastest-growing segment during the forecast period. In terms of application, the market is segmented into pulp and paper, building and construction, paints and coatings, electronics and semiconductors, pharmaceuticals, investment casting, and others. The others segment dominated the market in 2020, and the pulp and paper segment is expected to be the fastest-growing segment during the forecast period. Based on country, the MEA colloidal silica market has been segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA.
Cabot Corporation; Ecolab; Evonik Industries AG; Jinan Yinfeng Silicon Products Co., Ltd.; MERCK KGaA; Nissan Chemical Corporation; Nouryon; The Dow Chemical Company; and Zhejiang Yuda Chemical Co., Ltd. are among the leading companies in the MEA colloidal silica market.