The twin forces of urbanization and industrialization are creating new opportunities in the construction sector, which is creating lucrative prospects for the nano-silica market. With promising developments in the construction of residential and commercial buildings, the demand for durable paints and coatings is consistently rising. This trend is projected to surge the demand for nano-silica, setting the stage for market expansion. In addition to this, nano silica is attracting significant demand from the agriculture and rubber industries owing to its favorable properties, affordability, and widespread availability. Notably, it is predicted that amid the increasing demand for sustainable construction, companies will positively procure supplementary cementitious materials (SCMs), such as nano-silica, to enhance the properties of concrete. Against this profitable business landscape, the global nano silica market is poised to witness sustained growth in the years to come.
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Nano Silica Market Flourishes with Rising Uptake by Paints and Coating Industry
The demand for nano silica is expected to increase, driven by its diverse applications in the paints, coatings, and sealants sector. In recent years, the paints and coatings industry has been exploring innovative methods to improve the properties of paints, sealants, varnishings, and coatings to better meet customer demands. Sealants that contain nano silica demonstrate thixotropic behavior and exhibit characteristics that prevent sagging. Nano silica also provides sealants with reinforcing and mechanical properties that cannot be obtained from any other source. These properties are augmenting the demand for nano silica in developing as well as developed regions of the world. Meanwhile, the booming construction industry is enhancing the demand for paints and coatings, indirectly influencing the applications of nano silica.
Use in the Development of Novel Vaccines and Medicines Raises Demand for Nano Silica
Lipid nanoparticles (LNPs) are widely accepted as one of the most popular techniques for creating nucleic acid vaccines. However, they have some drawbacks, such as cytokine buildup in the liver and spleen and difficulty in activating systemic inflammatory cytokine release. Due to these limitations, companies in the nano-silica industry are now focusing on using DNA and RNA to deliver pharmaceutical products. Silica nanoparticles are being used in various consumer and pharmaceutical products because of their ability to effectively trap different compounds. These particles have harmless byproducts that result in delayed degradation, allowing for a gradual release of the entrapped substances in pharmaceutical medicines. Consequently, sound awareness of these advantages is strongly driving revenue generation in the nano-silica market.
Asia Pacific Rises as Foremost Regional Player in Nano Silica Market
The Asia Pacific is expected to take the lead in the nano-silica market. The growing demand for nano silica in end-user sectors, especially in China and India, is set to steer the expansion of Asia Pacific’s nano silica market. Moreover, growing awareness among farmers about the benefits of using nano-fertilizers to optimize agriculture activities is set to create abundant opportunities in the nano-silica market. In the near future, nano silica’s use in the rubber and construction industries is likely to augment its demand. All these factors, coupled with government support, are poised to drive Asia Pacific’s nano silica market to maturity.
Key Market Players
Leading players in the nano-silica market include Wacker Chemie AG, Cabot Corporation, Nanostructured Amorphous Materials, Inc., Akzonobel N.V., Nanopore Incorporated, Dow
Corning Corporation, Evonik Industries, and Fuso Chemical Co. Ltd.
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