The MarketInsightsReports has published the obtainability of a new statistical data to its repository titled as, Fumed Silica Market. The report provides useful insights into a wide range of business aspects such as pillars, features, sales strategies, planning models, in order to be enable readers to gauge market scope more proficiently. Furthermore, the report also sheds light on recent developments, in addition to distinctive tools, and methodologies that will help to propel the performance of industries.
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The global fumed silica market is expected to grow at a CAGR of over 5% during the forecast period of 2019 – 2024. The major factors driving the market studied include growing preference of fumed silica over precipitated silica. Lack of awareness about the benefits of fumed silica is expected to significantly hinder the growth of the market studied.
– Asia-Pacific is expected to dominate the global market during the forecast period.
– Demand expected to rise from emerging economies such as China, India is likely to act as an opportunity in the future.
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Growing Demand from Personal Care Application
– The use of fumed silica in personal care industry helps to improve free flow of beauty products and imparts anti-caking characteristics in powders.
– They also act as an anti-settling, thickening, and anti-sagging agent, and hence finds its usage as an ingredient in a broad variety of cosmetic and skin care applications, such as lipsticks, sulfate-free shampoos, mascara etc.
– Continuous growth in online beauty spending, expanding use of social networks, increasing interest of consumer interest in new and premium products, accelerating urbanization, and the growth of the upper middle class population are the major factor driving the cosmetics and skin care market worldwide.
– The skincare market accelerated sharply in 2018, boosted by the expansion of the upper middle classes all over the world and especially in Asia, where consumers are both knowledgeable and enthusiastic about this category.
– The increasing need for self-care among consumers is expected to drive the market for beauty and skin care products, further driving the market for fumed silica through the forecast period.
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Influence of the Fumed Silica market report:
- Comprehensive assessment of all opportunities and risk in the Fumed Silica market.
- Fumed Silica market recent innovations and major events.
- Detailed study of business strategies for growth of the Fumed Silica market-leading players.
- Conclusive study about the growth plot of Fumed Silica market for forthcoming years.
- In-depth understanding of Fumed Silica market-particular drivers, constraints and major micro markets.
- Favorable impression inside vital technological and market latest trends striking the Fumed Silica market.
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