The North America colloidal silica market is expected to grow from US$ 1,56,154.56 thousand in 2021 to US$ 2,29,428.50 thousand by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028. Investment casting is one of the earliest metal forming processes for creating complex castings, near-net-shape, and different materials. The investment casting technology has evolved over time due to the necessity of precision components with complex geometries driven by different industries. Over the past decades, the investment casting industry has expanded with its advantages in the casting process and the scope of products manufactured with it. The main goals of investment casting are establishing a robust process window, saving costs by avoiding high yields of scrap and rework, and producing sound castings according to the specification. Investment casting is used across many end-use industries segmented as high-added value, automotive, and other applications. High-added value end use consists of power generation and aerospace industries for various applications such as IGT spares, IGT new, defense aerospace, and commercial aerospace. As the demand for power generation increases, the market for investment casting surges. Furthermore, automotive includes applications such as non-engine parts, combustion engines, and APV engines. Other applications are categorized under general engineering, biomedical, oil & gas, defense, and commercial sectors. The market for investment casting is growing due to the growth of end-use industries across the region. Moreover, the development of novel investment casting applications due to consistent innovation in the field is expected to aid the market. Although the aerospace industry suffered the deep impact of COVID-19, the industry is expected to recover steadily over the forecast period, aiding the investment casting market. As investment casting is one of the major applications of colloidal silica, the growth of the investment casting market is expected to aid the colloidal silica market.
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 North America colloidal silica market. The North America colloidal silica market is expected to grow at a good CAGR during the forecast period.
North America Colloidal Silica Market Segmentation
The North America 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 North America colloidal silica market has been segmented into the US, Canada, and Mexico.
Cabot Corporation; Ecolab; Evonik Industries AG; FUSO CHEMICAL CO., LTD.; 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 North America colloidal silica market
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,56,154.56 thousand |
| Market Size by 2028 | US$ 2,29,428.50 thousand |
| CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Colloidal Silica Market is valued at US$ 1,56,154.56 thousand in 2021, it is projected to reach US$ 2,29,428.50 thousand by 2028.
As per our report North America Colloidal Silica Market, the market size is valued at US$ 1,56,154.56 thousand in 2021, projecting it to reach US$ 2,29,428.50 thousand by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
The North America Colloidal Silica Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Colloidal Silica Market report:
The North America Colloidal Silica Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Colloidal Silica Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Colloidal Silica Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Colloidal Silica Market
