Colloidal Silica Market Size, Share and Growth Analysis by 2028

Colloidal Silica Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Alkaline, Acidic, Modified, and Ordinary) and Application (Pulp and Paper, Building and Construction, Paints and Coatings, Electronics and Semiconductors, Pharmaceuticals, Investment Casting, and Others)

Publication Month : May 2022

  • Report Code : TIPRE00017383
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 220
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The colloidal silica market is projected to reach US$ 1,121.22 million by 2028 from US$ 757.80 million in 2021; it is expected to grow at a CAGR of 5.8% during 2021-2028.


Colloidal silica is an essential component in the making of sol silicate paint. Colloidal silica is used in combination with potassium silicate as the main binder in manufacturing sol silicate paint. The chemical is also available in low biocide or biocide-free solutions. Colloidal silica helps improve the weather resistance of paint, lower solubility and pH of the binder, and reduce alkalinity. Additionally, it helps improve film properties and adhesion and minimize internal stress, a significant problem in inorganic coatings.

Colloidal silica is used in sol silicate paints to obtain anti-soiling properties resulting in dirt repulsion for painted surfaces. The properties enabled by colloidal silica in coatings result in longer-lasting protection and color in inorganic coatings. Moreover, colloidal silica aids in dispersion, the colloidal silica particles help prevent re-agglomeration by acting as a physical barrier and helping keep dispersed material separated by adsorbing on the surface. The anti-blocking properties of colloidal silica also aid in making the paints and coatings by making surfaces more hydrophilic, resulting in moisture being retained on the surface, which can then get dried out, thus reducing the tackiness. The property of adhesion of colloidal silica is applied in the molecular interaction of waterborne coatings and adhesives with substrates.

In 2020, Asia Pacific held the largest share of the global colloidal silica market and is estimated to register the highest CAGR in the market during the forecast period. Colloidal silica is widely used in chemical mechanical planarization (CMP) slurries. Furthermore,  it is used in the electronics & semiconductor industry as a polishing agent. Furher, Asia Pacific is known as a major hub for semiconductor manufacturing globally. As the demand for consumer electronics is growing, the semiconductor industry is booming in Asia Pacific. Asia Pacific consists of major players in the semiconductor industry, such as Taiwan, which is the world's second-largest chip economy by revenue. Moreover, despite some slowdowns in the industry, automotive applications are expected to drive capital expenditure in the semiconductor industry in Asia Pacific. The demand for semiconductors is consistently growing, which was evident in 2020 when the demand reached very high, leading to a shortage of semiconductors. Therefore, to meet the demand for semiconductors, many manufacturers in Asia Pacific are scaling up production levels which are benefiting the growth of the market.


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Colloidal Silica Market: Strategic Insights

colloidal-silica-market
Market Size Value inUS$ 757.80 Million in 2021
Market Size Value byUS$ 1,121.22 Million by 2028
Growth rateCAGR of 5.8% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Impact of COVID-19 Pandemic on Colloidal Silica Market

Before the COVID-19 pandemic, the market was mainly driven by the high demand for this compound in the paints & coatings, paper & pulp, investment casting, and electronics & semiconductors industries. However, in 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic also caused fluctuations in the prices of raw materials used in silicon. As a result, the demand for colloidal silica in applications such as paints and coatings reduced in early 2020.

Colloidal Silica Market Breakdown: by Region, 2020

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Market Insights

Growth of Investment Casting Industry

Investment casting is used across many end-use industries segmented as high added value, automotive, and other applications. High added value end-use consists of power generation and aerospace industries, including various applications such as IGT spares, IGT new, defense aerospace, and commercial aerospace. Furthermore, automotive includes applications such as non-engine parts, combustion engines, and APV engines. Other applications are categorized under general engineering, biomedical, oil & gas, defense, and commercial industries.

Product Type Insights

Based on product type, the global colloidal silica market is segmented into alkaline, acidic, modified, and ordinary. In 2020, the alkaline segment accounted for the largest revenue share. Alkaline colloidal silica is produced by polymerizing silica nuclei from silicate solutions under alkaline conditions to form nanometer-sized silica sols with a high surface area. The charge on the surface allows the silica particles to repel one another and form a silica dispersion. The major application of alkaline colloidal silica is in the paints, coatings, building and construction, cleaning, and ink industries. Alkaline colloidal silica functions in the paints, coatings, and ink industry as an abrasion and scratch resistance, adhesion, anti-blocking, and anti-soiling agent with applications in paint, cool roof coatings, silicate paint, and wood coatings. The building & construction industry applies alkaline colloidal silica as adhesives. Also, the cleaning industry uses colloidal silica as a hard surface cleaning and functions as a wetting and anti-soiling agent.

Colloidal Silica Market, by Product Type – 2020 and 2028

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Nouryon; Nissan Chemical Corporation; inan Yinfeng Silicon Products Co., Ltd.; FUSO CHEMICAL CO., LTD.; Zhejiang Yuda Chemical Co.,Ltd.; CABOT CORPORATION; Evonik Industries AG; MERCK KGaA; The Dow Chemical Company; and Ecolab are among the players operating in the colloidal silica market. These companies provide a wide range of product portfolio for the market. The companies have their presence in the developing regions, which provides lucrative opportunities for colloidal silica market growth. The market players are developing high-quality and innovative products to meet the customer’s requirements.

Report Spotlights

  • Progressive industry trends in the colloidal silica market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the colloidal silica market from 2019 to 2028
  • Estimation of global demand for colloidal silica
  • Porter’s five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the colloidal silica market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the colloidal silica market size at various nodes
  • Detailed overview and segmentation of the market, as well as the colloidal silica industry dynamics
  • Size of the colloidal silica market in various regions with promising growth opportunities

The "Global Colloidal Silica Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global colloidal silica market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The colloidal silica market is segmented on the basis of product type, material, application, and geography. By product type, the colloidal silica market is segmented intoalkaline, acidic, modified, and ordinary. By end user, the market is segmented into pulp and paper, building and construction, paints and coatings, electronics and semiconductors, pharmaceuticals, investment casting, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.

Company Profiles:

  • Nouryon
  • Nissan Chemical Corporation
  • Jinan Yinfeng Silicon Products Co., Ltd.
  • FUSO CHEMICAL CO., LTD.
  • Zhejiang Yuda Chemical Co.,Ltd.
  • CABOT CORPORATION
  • Evonik Industries AG
  • MERCK KGaA
  • The Dow Chemical Company
  • Ecolab
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Taiwan, Thailand, United Arab Emirates, United Kingdom, United States, Vietnam

Frequently Asked Questions


Can you list some of the major players operating in the global colloidal silica market?

The major players operating in the global colloidal silica market are Cabot Corporation; Ecolab, Inc.; Evonik Industries AG; FUSO CHEMICAL CO.; Jinan Yinfeng Silicon Products Co. Ltd; Nissan Chemical Corporation; Nouryon; PPG Industries, Inc.; The Dow Chemical Company; and W.R. Grace & Co.

Which region held the largest share of the global colloidal silica market?

In 2021, Asia Pacific held the largest share of the global colloidal silica market. China is leading consumer of colloidal silica across the world. In China, the colloidal silica production industry is among the fastest-growing ones. The growing industrialization in this region, coupled with rise in government initiatives for foreign investments, has fueled the consumption of colloidal silica extensively.

Based on product type, which segment is leading the global colloidal silica market during the forecast period?

The alkaline segment held the largest market share. Alkaline colloidal silica is known for its efficiency and high binding strength as compared to other product type. It is mostly preferred product type due to its wide variety of application in industries such as paints & coatings, building & construction, and etc.

Based on application, which segment is leading the global colloidal silica market during the forecast period?

The others segment held the largest share of the market in 2021. The others segment includes personal care, food and beverage, etc. The colloidal silica is used as the rheological additive in the personal care industry, improving flocculation in food and beverage processing, and to increase the stability and shelf life of beverages.

Based on application, which segment is the fastest growing segment in the global colloidal silica market?

The pulp and paper segment is the fastest growing segment in the global colloidal silica market during the forecasted period. Colloidal silica is used in matte papers for ink-jet printing. Furthermore, colloidal silica helps improve the opacity and brightness of paper.

Which region held the fastest CAGR in the global colloidal silica market?

Asia Pacific is estimated to register the fastest CAGR in the global colloidal silica market over the forecast period. The growth of the colloidal silica market in Asia-Pacific is driven by rising demand for colloidal silica from various end-use industries such as pulp & paper, building & construction, food & beverages, and pharmaceuticals.

The List of Companies - Colloidal Silica Market

  1. Cabot Corporation
  2. Ecolab, Inc.
  3. Evonik Industries AG
  4. FUSO CHEMICAL CO.
  5. Jinan Yinfeng Silicon Products Co. Ltd
  6. Nissan Chemical Corporation
  7. Nouryon
  8. PPG Industries, Inc.
  9. The Dow Chemical Company
  10. W.R. Grace & Co

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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