North America Colloidal Silica Market Forecast to 2028 – COVID

North America Colloidal Silica Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Alkaline, Acidic, Modified, and Ordinary) and Application (Pulp and Paper, Building and Construction, Paints and Coatings, Electronics and Semiconductors, Pharmaceuticals, Investment Casting, and Others)

Report Code : BMIRE00025574 | Region : North America | Industry : Chemicals and Materials | Published Date : 10/Aug/2022

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 Revenue and Forecast to 2028 (US$ Thousand)

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

At 5.7% CAGR, the North America Colloidal Silica Market is speculated to be worth US$ 2,29,428.50 thousand by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America colloidal silica market was valued at US$ 1,56,154.56 thousand in 2021 and is expected to reach US$ 2,29,428.50 thousand by 2028, registering an annual growth rate of 5.7% from 2021 to 2028. Growth of investment casting industry and versatility of colloidal silica are the critical factors attributed to the market expansion.

Colloidal silica is a highly versatile material that can enhance the properties of many products from various industries such as building & construction to food & beverages. From enhancing oxygen barrier properties to improving ink absorption, colloidal silica plays different roles in manufacturing processes. Further, colloidal silica is widely used in the electronics industry, and it is used as a polishing agent to produce a clean surface in semiconductor wafers. Colloidal silica forms strong hydrogen and ionic bonds with fibrous and granular material in binder applications. These bonds are chemically inert and thermally stable, making them especially useful for insulation boards, catalysts, specialty coatings, vacuum-formed refractories, and investment casting slurries. Colloidal silica adheres well to many surfaces via hydrogen and ionic bonding for surface modification applications. Once applied to a surface, silica particles increase friction coefficient, useful for industrial and architectural coatings, polishing slurries, flooring, and paper and cardboard. For flocculant applications, colloidal silica is commercially available in many grades with cationic sol charge and anionic sol charge. Colloidal silica particles fall out of suspension by ironically bonding with particles of opposite charge. This property makes colloidal silica an excellent flocculant for insulation board, beverage fining (wine and beer), and paper drainage and retention. Colloidal silica is available in various grades that are heavily dependent on functionality for colloidal silica and the end-use application. Colloidal silica constituting a grade with larger particle size is more effective as a surface modifier, while smaller particles perform better as binders. Other factors such as ionic character and pH of the end formulation help determine the characteristics of colloidal silica, which may be used in various end-use industries depending on the requirement. The versatility of colloidal silica has ensured the consistent demand for the chemical from various end-use industries that are anticipated to grow over the coming years. Therefore, the growth of end-use industries drives the market for colloidal silica.

On the contrary, decline in textile industry hinders hurdles the growth of North America colloidal silica market.

Based on product type, the North America colloidal silica market is segmented into alkaline, acidic, modified, and ordinary. The alkaline segment held 43.8% market share in 2021, amassing US$ 68,431.61 thousand. It is projected to garner US$ 1,03,454.86 thousand by 2028 to expand at 6.1% CAGR during 2021–2028.

Based on application, the North America colloidal silica market is segmented into pulp and paper, building and construction, paints and coatings, electronics and semiconductors, pharmaceuticals, investment casting, and others. The others segment held 30.4% market share in 2021, amassing US$ 47,470.85 thousand. It is projected to garner US$ 68,907.88 thousand by 2028 to expand at 5.5% CAGR during 2021–2028.

Based on country, the North America colloidal silica market has been segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.6% market share in 2021. It was assessed at US$ 1,30,507.62 thousand in 2021 and is likely to hit US$ 1,93,578.00 thousand by 2028, exhibiting a CAGR of 5.8% during the forecast period.

Key players dominating the North America colloidal silica market are 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. among others.

In Nov 2021, Nouryon, a global specialty chemicals leader, announced plans to expand production capacity at its Levasil colloidal silica manufacturing facility in Green Bay, Wisconsin, U.S., to meet increasing demand from the construction and packaging end-markets.

TABLE OF CONTENTS

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

1.2.1 North America Colloidal Silica Market, by Product Type

1.2.2 North America Colloidal Silica Market, by Application

1.2.3 North America Colloidal Silica Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. North America Colloidal Silica Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Expert Opinion

4.4 Ecosystem Analysis

4.4.1 Raw Material

4.4.2 Manufacturing/Post-Processing

4.4.3 End-User Industries

5. North America Colloidal Silica Market — Key Market Dynamics

5.1 Market Drivers

5.1.1 Surging Investment Casting Industry

5.1.2 Versatility of Colloidal Silica

5.2 Market Restraints

5.2.1 Downturn in Textile Industry

5.3 Market Opportunities

5.3.1 Widening Scope of Aqueous Colloidal Silica

5.4 Future Trends

5.4.1 Product Innovations

5.5 Impact Analysis of Drivers and Restraints

6. Colloidal Silica Market – North America Analysis

6.1 North America Colloidal Silica Market –Revenue and Forecast to 2028

6.2 North America Colloidal Silica Market –Volume and Forecast to 2028

7. North America Colloidal Silica Market Analysis – By Product Type

7.1 Overview

7.2 North America Colloidal Silica Market Breakdown, by Product Type, 2020 and 2028

7.3 Alkaline

7.3.1 Overview

7.3.2 Alkaline: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

7.3.3 Alkaline: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

7.4 Acidic

7.4.1 Overview

7.4.2 Acidic: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

7.4.3 Acidic: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

7.5 Modified

7.5.1 Overview

7.5.2 Modified: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

7.5.3 Modified: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

7.6 Ordinary

7.6.1 Overview

7.6.2 Ordinary: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

7.6.3 Ordinary: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

8. North America Colloidal Silica Market Analysis – By Application

8.1 Overview

8.2 North America Colloidal Silica Market Breakdown, by Application, 2020 and 2028

8.3 Pulp and Paper

8.3.1 Overview

8.3.2 Pulp and Paper: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

8.3.3 Pulp and Paper: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

8.4 Building and Construction

8.4.1 Overview

8.4.2 Building and Construction: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

8.4.3 Building and Construction: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

8.5 Paints and Coatings

8.5.1 Overview

8.5.2 Paints and Coatings: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

8.5.3 Paints and Coatings: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

8.6 Electronics and Semiconductors

8.6.1 Overview

8.6.2 Electronics and Semiconductors: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

8.6.3 Electronics and Semiconductors: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

8.7 Pharmaceuticals

8.7.1 Overview

8.7.2 Pharmaceuticals: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

8.7.3 Pharmaceuticals: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

8.8 Investment Casting

8.8.1 Overview

8.8.2 Investment Casting: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

8.8.3 Investment Casting: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

8.9 Others

8.9.1 Overview

8.9.2 Others: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

8.9.3 Others: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

9. North America Colloidal Silica Market – Country Analysis

9.1 Overview

9.1.1 North America: Colloidal Silica Market, by Key Country

9.1.1.1 US: Colloidal Silica Market–Analysis and Forecast to 2028 (US$ Thousand)

9.1.1.1.1 US: Colloidal Silica Market, by Product Type

9.1.1.1.2 US: Colloidal Silica Market, by Application

9.1.1.2 Canada: Colloidal Silica Market–Analysis and Forecast to 2028 (US$ Thousand)

9.1.1.2.1 Canada: Colloidal Silica Market, by Product Type

9.1.1.2.2 Canada: Colloidal Silica Market, by Application

9.1.1.3 Mexico: Colloidal Silica Market–Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.3.1 Mexico: Colloidal Silica Market, by Product Type

9.1.1.3.2 Mexico: Colloidal Silica Market, by Application

10. Company Profiles

10.1 Nouryon

10.1.1 Key Facts

10.1.2 Business Description

10.1.3 Products and Services

10.1.4 Financial Overview

10.1.5 SWOT Analysis

10.1.6 Key Developments

10.2 Nissan Chemical Corporation

10.2.1 Key Facts

10.2.2 Business Description

10.2.3 Products and Services

10.2.4 Financial Overview

10.2.5 SWOT Analysis

10.2.6 Key Developments

10.3 Jinan Yinfeng Silicon Products Co., Ltd.

10.3.1 Key Facts

10.3.2 Business Description

10.3.3 Products and Services

10.3.4 Financial Overview

10.3.5 SWOT Analysis

10.3.6 Key Developments

10.4 FUSO CHEMICAL CO., LTD.

10.4.1 Key Facts

10.4.2 Business Description

10.4.3 Products and Services

10.4.4 Financial Overview

10.4.5 SWOT Analysis

10.4.6 Key Developments

10.5 Zhejiang Yuda Chemical Co.,Ltd.

10.5.1 Key Facts

10.5.2 Business Description

10.5.3 Products and Services

10.5.4 Financial Overview

10.5.5 SWOT Analysis

10.5.6 Key Developments

10.6 Cabot Corporation

10.6.1 Key Facts

10.6.2 Business Description

10.6.3 Products and Services

10.6.4 Financial Overview

10.6.5 SWOT Analysis

10.6.6 Key Developments

10.7 Evonik Industries AG

10.7.1 Key Facts

10.7.2 Business Description

10.7.3 Products and Services

10.7.4 Financial Overview

10.7.5 SWOT Analysis

10.7.6 Key Developments

10.8 MERCK KGaA

10.8.1 Key Facts

10.8.2 Business Description

10.8.3 Products and Services

10.8.4 Financial Overview

10.8.5 SWOT Analysis

10.8.6 Key Developments

10.9 The Dow Chemical Company

10.9.1 Key Facts

10.9.2 Business Description

10.9.3 Products and Services

10.9.4 Financial Overview

10.9.5 SWOT Analysis

10.9.6 Key Developments

10.10 Ecolab

10.10.1 Key Facts

10.10.2 Business Description

10.10.3 Products and Services

10.10.4 Financial Overview

10.10.5 SWOT Analysis

10.10.6 Key Developments

11. Appendix

11.1 About The Insight Partners

11.2 Glossary of Terms

LIST OF TABLES.

Table 1.             North America Colloidal Silica Market –Revenue and Forecast to 2028 (US$ Thousand)

Table 2.             North America Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Table 3.             US: Colloidal Silica Market, by Product Type– Revenue and Forecast to 2028 (US$ Thousand)

Table 4.             US: Colloidal Silica Market, by Product Type– Volume and Forecast to 2028 (Tons)

Table 5.             US: Colloidal Silica Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

Table 6.             US: Colloidal Silica Market, by Application – Volume and Forecast to 2028 (Tons)

Table 7.             Canada: Colloidal Silica Market, by Product Type– Revenue and Forecast to 2028 (USD Thousand)

Table 8.             Canada: Colloidal Silica Market, by Product Type– Volume and Forecast to 2028 (Tons)

Table 9.             Canada: Colloidal Silica Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 10.          Canada: Colloidal Silica Market, by Application – Volume and Forecast to 2028 (Tons)

Table 11.          Mexico Colloidal Silica Market, by product Type– Revenue and Forecast to 2028 (US$ Thousand)

Table 12.          Mexico Colloidal Silica Market, by Product Type– Volume and Forecast to 2028 (Tons)

Table 13.          Mexico Colloidal Silica Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

Table 14.          Mexico Colloidal Silica Market, by Application – Volume and Forecast to 2028 (Tons)

Table 15.          Glossary of Terms

LIST OF FIGURES.

Figure 1.           North America Colloidal Silica Market Segmentation

Figure 2.           North America Colloidal Silica Market Segmentation – By Country

Figure 3.           North America Colloidal Silica Market Overview

Figure 4.           North America Colloidal Silica Market, By Product Type

Figure 5.           North America Colloidal Silica Market, by Country

Figure 7.           Porter's Five Forces Analysis

Figure 8.           Expert Opinion

Figure 9.           Ecosystem Chain: Colloidal Silica

Figure 10.        North America Colloidal Silica Market Impact Analysis of Drivers and Restraints

Figure 11.        North America Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 12.        North America Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 13.        North America Colloidal Silica Market Breakdown, by Product Type, 2020 and 2028

Figure 14.        North America Alkaline: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 15.        North America Alkaline: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 16.        North America Acidic: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 17.        North America Acidic: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 18.        North America Modified: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 19.        North America Modified: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 20.        North America Ordinary: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 21.        North America Ordinary: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 22.        North America Colloidal Silica Market Breakdown, by Application, 2020 and 2028

Figure 23.        North America Pulp and Paper: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 24.        North America Pulp and Paper: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 25.        North America Building and Construction: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 26.        North America Building and Construction: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 27.        North America Paints and Coatings: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 28.        North America Paints and Coatings: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 29.        North America Electronics and Semiconductors: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 30.        North America Electronics and Semiconductors: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 31.        North America Pharmaceuticals: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 32.        North America Pharmaceuticals: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 33.        North America Investment Casting: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 34.        North America Investment Casting: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 35.        North America Others: Colloidal Silica Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 36.        North America Others: Colloidal Silica Market –Volume and Forecast to 2028 (Tons)

Figure 37.        North America: Colloidal Silica Market, by Key Country – Revenue (2020) (US$ Million)

Figure 38.        North America: Colloidal Silica Market Revenue Share, by Key Country (2020 and 2028)

Figure 39.        US: Colloidal Silica Market–Revenue and Forecast to 2028 (US$ Thousand)

Figure 40.        US: Colloidal Silica Market–Volume and Forecast to 2028 (Tons)

Figure 41.        Canada: Colloidal Silica Market–Revenue and Forecast to 2028 (US$ Thousand)

Figure 42.        Canada: Colloidal Silica Market–Volume and Forecast to 2028 (Tons)

Figure 43.        Mexico: Colloidal Silica Market–Revenue and Forecast to 2028 (US$ Thousand)

Figure 44.        Mexico: Colloidal Silica Market–Volume and Forecast to 2028 (Tons)

The List of Companies - North America Colloidal Silica Market

● 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

● Zhejiang Yuda Chemical Co.,Ltd.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America colloidal silica market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America colloidal silica market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the colloidal silica market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TOP