Colloidal Silica Market is estimated to grow at a volume CAGR of over 5% during the forecast period 2029

Fact.MR has recently compiled a study of the colloidal silica market, which sheds light on a slew of factors that shape the market growth. Colloidal Silica Sales Growing in Line with Quest for Effective Process Binders and Additives: Fact.MR Survey

Colloidal Silica Market Snapshot

Global sales of colloidal silica is estimated to surpass 403,700 tons through 2029, says the recently published report by Fact.MR. Increasing requirement for effective binders is estimated to load the dice in favor of liquid silicon dioxide applications across an umpteen number of applications, including coatings, electronics, construction, thereby creating sustained opportunities for the colloidal silica industry.

According to the research study, electrical equipment & electronics industry will continue to sustain high demand for colloidal silica, for the fact that colloidal silica plays a critical role in producing flat and uniform water surfaces during production of electronic & electrical devices.

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“Colloidal silica also serves as a final polishing additive and a rough surface remover in the electronics & electrical equipment space, thereby eliminating the necessity of other steps of surface preparation.

Moreover, adoption of colloidal silica will also continue to scale up in the construction space, for the fact that colloidal silica holds the potential to breathe life into durability and strength of concrete mixtures”, says the Fact.MR report.

Demand for colloidal silica from coating applications is also registering a significant uptick, owing to rising demand for reinforcing materials for paints and coatings. Customer desire for multipurpose coatings with vigorous physical and chemical properties is on a significant rise, which is further necessitating the adoption of colloidal silica.

In addition, growing fad for customized paints and coatings is also setting an optimistic tone for adoption of colloidal silica in the coatings landscape, with global sales estimated to surpass 114, 400 tons in 2019.

 

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