Lucintel's latest market report analyzed that colloidal silica provides attractive opportunities in the pulp and paper, building and construction, paints and coatings, electronics and semiconductors, pharmaceuticals, and investment casting industries. The colloidal silica market is expected to reach $XX billion by 2028 with a CAGR of 5% to 7%. In this market, alkaline colloidal silica is the largest segment by product type, whereas building and construction is largest by application. Rising popularity of green tires, and stringent government regulations on the use of protective coatings provides strategic growth path in this market.
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Based on product type, the colloidal silica market is segmented into alkaline colloidal silica, acidic colloidal silica, modified colloidal silica, and ordinary colloidal silica. The alkaline colloidal silica segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, because it is highly hydrated form of silicon dioxide which is used as an additive in the rubber industry, and it is produced by polymerizing silica from silicate solutions under alkaline conditions to form Nano-meter sized silica souls with a high surface area.
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The Colloidal Silica Market is marked by the presence of several big and small players. Some of the prominent players offering colloidal silica include Evonik Industries, Nouryan, W. R. Grace & Co., Nissan Chemical Corporation, PPG Industries Inc., Cabot Corporation, MERCK KGaA, The Dow Chemical Company, and Ecolab Inc..
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