Major market players are consistently working on developing specialized forms of colloidal silica to suit various applications. For instance, Evonik Silica offers a specifically granulated hydrophilic fumed silica called AEROPERL. The material has applications in thermal isolation. The chemical's high purity and inert nature make it ideal for other applications such as agriculture and catalysts. The material is also a good filler and carrier for personal care products. Key market players develop colloidal silica as per the requirement for tailored functionalities. The most prominent trend in the colloidal silica market is the increasing efficiency in high-demanding applications, including high-value-added applications. Novel engineered systems and materials fulfill the high-performance requirements. So, the increasing product innovation is expected to fuel the market growth across the region.
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 South America colloidal silica market. The South America colloidal silica market is expected to grow at a good CAGR during the forecast period.
Exhibit: South America Colloidal Silica Market Revenue and Forecast to 2028 (US$ Thousand)
South America Colloidal Silica Market Segmentation
The South 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. Based on application, the market is segmented into pulp and paper, building and construction, paints and coatings, electronics and semiconductors, pharmaceuticals, investment casting, and others. The investment casting 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 South America colloidal silica market has been segmented into Brazil, Argentina, and the Rest of South America.
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 SAM colloidal silica market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 30,468.13 thousand |
| Market Size by 2028 | US$ 41,478.66 thousand |
| CAGR (2021 - 2028) | 4.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Colloidal Silica Market is valued at US$ 30,468.13 thousand in 2021, it is projected to reach US$ 41,478.66 thousand by 2028.
As per our report South America Colloidal Silica Market, the market size is valued at US$ 30,468.13 thousand in 2021, projecting it to reach US$ 41,478.66 thousand by 2028. This translates to a CAGR of approximately 4.5% during the forecast period.
The South 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 South America Colloidal Silica Market report:
The South America Colloidal Silica Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Colloidal Silica Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Colloidal Silica Market value chain can benefit from the information contained in a comprehensive market report.
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