The global nano silica market revenue was around US$ 4.9 billion in 2021 and is estimated to reach US$ 8.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2022 to 2031.

Nano silica is an allotrope of silicon that conducts heat and electrons poorly. It emerges as a white amorphous powder. It is used as a filler and strengthening agent for concrete and other building composites, as well as an additive for rubber and plastics.

Factors Influencing Market Growth

Growing demand from the rubber sector in light of the expanding automotive sector is anticipated to be a major driver of market expansion. In addition, a rising number of application areas, including concrete and rubber, are using nano-silica as an additive.

The increasing use of nano-silica in DNA/RNA delivery methods in the discovery of vaccines is anticipated to offer lucrative opportunities for the market.

The toxicity of silica fumes is anticipated to restrain the market's expansion.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the market. Lockdown enacted by the government, the market was adversely affected by some precautionary actions, trading activity suspensions, and factory closures. However, enterprises are responding favorably to government advice to protect workers' and employees' health. The temporary shutdown of manufacturing facilities has negatively impacted revenue-generating activities. Global foreign direct investment (FDI) has slowed due to the coronavirus outbreak. A significant drop in FDI investments suggests negative consequences on the nano-silica market due to factory closures

Regional Insights

Asia-Pacific accounted for the largest share of the market. Developing nations like China and India, have experienced a surge in building and construction activities due to rapid urbanization. These nations' governments have started initiatives like "Housing for All," which includes the construction of houses with modern facilities for people living in rural and urban areas. As a result, it is projected that demand for concrete in this region would increase significantly. During the forecast period, demand for nano silica is anticipated to rise from construction businesses due to an increase in the demand for and production of concrete.


Leading Competitors
The leading competitors in the global nano silica market are:
Evonik Industries
AkzoNobel N.V
DU Pont de Nemours and Company
Cabot Corporation
Nanopore Incorporated
Nanostructured & Amorphous Materials
Fuso Chemical Co. Ltd
Wacker Chemie AG
Dow Corning Corporation
Bee Chems
Others
Segmentation Analysis
The global nano silica market segmentation focuses on Product, Application and Region.
Segmentation based on Product
Type III
P-Type
S-Type
Segmentation based on Application
Concrete
Rubber
Electronics
Healthcare
Coatings
Agriculture
Plastics
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America