Global Nanosilica Market size was valued nearly US$ XX Bn. in 2019 and the total revenue is expected to
grow at 7.21% through 2019 to 2027, reaching nearly US$XX Bn.
Nanosilica is an allotrope of silicon and the second most abundant element in the earth’s crust.
Recently, nanotechnology has observed unprecedented demand across various industry verticals like
electrical & electronics, medical, chemicals, construction, and others.
The MMR report covers all the trends and technologies playing a major role in the growth of the
nanosilica market over the forecast period. Ongoing trend observed in the nanosilica market is growing
adoption in rubber and concrete application. The rising awareness among farmers for using nano-
fertilizers to upsurge crop yield, and reduce fertilizer wastage is expected to boom the demand of
nanosilica in the agriculture industry throughout 2020-2027.
Growing awareness of hygiene and health among consumers leads to an increased demand for nano
coatings in food and pharmaceuticals packaging. Moreover, airplane OEMs are making high spending in
nano coating technology to decrease aerodynamic drag. These major factors are expected to fuel the
demand for the nanosilica market during the forecast period. The increased global investment in R&D
and the use of the latest technologies are expected to provide new opportunities to nanosilica market
players. However, the high cost of technology and equipment of producing nanosilica hinder the growth
of the market.
By product, the P-type segment dominated the nanosilica market during the forecast period, accounting
for a share of XX.20%. This growth is attributed to high usage of p-type nanosilica in many applications
like concrete, coatings and rubber.
Based on application, the rubber segment is projected to reach US$ XX Mn by 2027, thanks to growing
adoption of reinforced rubber and other uses of rubber-like automobile parts across the globe.
However, coatings stood second largest application in the nanosilica market. Na