The global nano silica market revenue was US$ 3.59 billion in 2021. The global nano silica market revenue is forecast to reach US$ 6.2 billion by 2030, registering a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030.

Nano-SiO2 is a high purity powder made of amorphous silica. Nano-SiO2 is a material with a large specific surface area, good surface adsorption, high surface energy, and small particle size that allows for good dispersion. The sol-gel process produces colloidal particles of silica by letting the monomers condense.

Factors Influencing Market Growth

Increasing demand from the rubber industry in light of the growing automotive sector is the main factor driving the global nano silica market during the forecast period.
Nano silica is becoming increasingly popular as an additive for various applications in various industries, such as concrete and rubber. In addition, a rising need for coatings due to the rise in the number of construction applications is forecast to drive the global market's growth in the near future.
Construction companies are increasingly demanding supplementary cementitious materials (SCMs) like nano silica to improve the properties of concrete. The expanding construction industry is another key factor contributing to the growth of the global nano silica market.
The Nano silica market is likely to face challenges due to its toxicity during the forecast period.
Increasing application of nano silica to RNA/DNA delivery systems in the development of vaccines is forecast to bring lucrative opportunities for the global nano silica market in the forecast period.
Impact Analysis of COVID-19

COVID-19's rapid spread had a major impact on the global nano silica market. As a result of COVID-19 large economies of the world were in lockdown, many infrastructure projects have been postponed or canceled. In addition, it has led to a decrease in the demand for adhesives, sealants, and ceramics. An American Road and Transportation Builders Association (ARTBA) report state that infrastructure projects totaling more than $9.6 billion had been delayed or canceled due to the COVID-19 pandemic. Thus, the halted construction activities have decreased the global nano silica market's demand.

Regional Insights

In 2020, Asia-Pacific accounted for a significant share of the nano silica market. As urbanization increases, building and construction activities have increased in developing countries such as China and India. Governments of these countries have implemented programs including "Housing for All" that contribute to building modern homes for people in rural and urban areas. As a result, concrete demand is forecast to surge substantially across the region. During the forecast period, the need for nano silica is forecast to rise from the construction industry due to increased concrete demand and production.

Leading Competitors

The leading prominent companies profiled in the global nano silica market are:

Akzo Nobel N.V.
Bee Chems
Cabot Corporation
Dow Corning Corporation
DuPont de Nemours, Inc.
Evonik Industries
Fuso Chemical Co. Ltd.
Nanopore Incorporated
Nanostructured & Amorphous Materials, Inc. (NANOAMOR)
Wacker Chemie AG
Other Prominent Players
Scope of the Report

The global nano silica market segmentation focuses on Product, Application, and Region.

Segmentation based on Product

P-Type
S-Type
Type III
Segmentation based on Application

Agriculture
Battery
Coatings
Concrete
Cosmetics
Electronics
Food
Gypsum
Healthcare & Medicine
Plastics
Rubber
Others
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America