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Description
Global Colloidal Silica Market was valued US$ 784.65 Million in the year 2020 and is anticipated to grow US$ 1260 Million by 2027 at CAGR of 7% over the forecast years 2021-2027. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global colloidal silica market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Some of the key factors influencing the market growth include growing demand for colloidal silica as it a crucial raw material for the preparation of numerous compounds by various industries such as refractory, ceramics, papermaking, coatings, textile and catalyst carriers owing to its features such as stable properties, large surface size, favorable permeability, etc. Moreover, consumption of colloidal is also increasing in applications such as paints & coatings, catalyst support in chemicals and pulp & paper industries which boost the market growth. Additionally increase in acceptance of colloidal silica’s as it less harmful for the environment and further technological advancement will rise the market. In addition, high growth in emerging economies provides huge growth opportunity for the market. However, volatile prices of colloidal silica and its derivatives are the major factors hindering the market growth. Colloidal silica is expected to retain its prominence as an abrasive in chemical mechanical planarization (CMP) applications. The product’s appeal in CMP applications stems from features such as customizable particle size distribution and high stability. Increased research and development efforts aimed at developing colloidal materials with variable physical and chemical properties.
