Fumed Silica Forecast 2025 to 2034. Tick Toc
Increasing demand from the pharmaceutical sector
Fumed silica is increasingly being used in the pharmaceutical industry in the formation of tablets. Hence, the pharmaceutical industry and related companies are key drivers for the growth of the market. In addition, the key market players are searching for other applications on which the product can be deployed to fulfill the future demand from the fumed silica market.
- In October 2023, HPQ Silicon Inc., a technology company specializing in green engineering processes for silica and silicon material production, announced continued industry interest from third parties in evaluating the potential of HPQ-produced commercial-grade Fumed Silica material. This third NDA involves another participant in the Fumed Silica industry.
Recent Developments - In March 2024, PyroGenesis declared the expedited development of a fumed silica reactor endeavor after receiving all significant apparatus. This advancement represents a substantial milestone in the project, signifying progress towards the fumed silica reactor's finished product.