The Rise of the Global Electronics Industry Sets the Stage for Silica

0

Seoul, South Korea, Aug. 29, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global silica slurry market is estimated at US$303.3 million in 2022 and is expected to grow at a healthy CAGR of 4.6% over the forecast years 2022-2032. The market is poised to grow owing to the remarkable use of fumed silica slurry in several electronic components.

The increasing use of smartphones and tablets across the world has created the need for high quality chips and microchips. This factor is directly proportional to the silica sludge market growth as it is a major component in the manufacture of chips and microchips. Apart from this, its use in the manufacture of electronic circuits, diodes and transistors has boosted its demand in the electronics industry.

For critical information on Silica mud Market, demand a Sample report
https://www.factmr.com/connectus/sample?flag=S&rep_id=7650

Manufacturers of electronic devices are also trying to provide innovative and quality products by making a thick arrangement in small gadgets and converting them into micro or compact devices. This change is likely to increase silica slurry sales in all regions.

Therefore, due to technological developments in solid-state devices, the demand for durable and cost-effective suspensions is expected to grow significantly over the next few years.

Why is the demand for silica mud increasing rapidly in all regions?

“Emerging technologies for electronic devices are paving the way for strong market growth”

The semiconductor industry has grown rapidly over the past few decades; among these, reduction/miniaturization in semiconductor innovation has made a huge commitment to the outcome of current hardware in various fields. Various producers are involved in improving cutting-edge innovations that can be used in the semiconductor manufacturing cycle to improve the exposure of semiconductors and electronic gadgets.

Artificial consciousness is reshaping the semiconductor industry by affecting the semiconductor manufacturing cycle and chip designs. Along with this, IoT in sensors, software and many more is being used in all basic industries which is increasing the demand for semiconductors. The rise of advanced technologies for the production of semiconductors and many other chips is driving the growth of the target market.

To learn more about Silica mud Market, you can contact our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7650

Key segments covered by the Silica mud Industry survey

  • By product type:
    • Colloidal Silica Mud Market
    • Fumed Silica Mud Market
  • Per application:
    • Manufacture of silicon wafers
    • Polishing of medical implants
    • Manufacture of electronic components
    • Polishing of metals and electronic substrates
    • Others
  • By region:
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia and Oceania
    • Middle East and Africa

Market development

  • In September 2018, Pureon launched “ULTRA-SOL® 558” colloidal silica suspension. It is a new polishing silica slurry formulated using different techniques that provide higher removal rates in silicon polishing processes than standard silica slurries can achieve. It has features like adjusting the level of solids content usage to achieve the desired processing results.

Along the same lines, market players are looking to optimize silica grout properties = to gain the edge over aluminum oxide and cerium oxide grout suppliers.

Colloidal Silica Suspension is polished onto medical implants such as pacemakers, valves and drug delivery systems. The main function of the silica suspension is to improve the precision and safety of these medical implants. Silica slurry has antibacterial properties that make it ideal for medical uses. The development of artificial intelligence (AI), huge amount of information and cloud computing not only opens up new development avenues for chipmakers, but also gives the opportunity to improve their performance.

Get customization on Silica mud Market Report for specific search solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7650

The key players in the Silica mud Market

  • Nanoshel LLC
  • Elkem
  • Air Products Inc.
  • Cabot Corporation
  • Fujimi Company
  • Du Pont
  • WR Grace & Co.-Conn
  • CMC materials
  • Nissan Chemical America Corporation

Main takeaways from Silica mud Market research

  • The global silica slurry market is expected to grow at a CAGR of 4.6% and reach US$475.6 million by 2032.
  • The market grew at a CAGR of 2.8% between 2017 and 2021.
  • Under product type, fumed silica slurry dominates the market with a share of 58.4%.
  • East Asia led the global market with 44.6% share in 2021.
  • North America is expected to represent 20.9% of the global market in 2022.
  • Depending on the region, silica mud demand is expected to grow at CAGRs of 3.6% and 5.6%, respectively, in East Asia and North America.

Check out Fact.MR’s coverage on the Chemicals and Materials Domain-

Potassium Fertilizer MarketThe global potash fertilizer market is valued at US$28.9 billion in 2022 and is expected to grow at a CAGR of 5.4% to reach a market valuation of US$48.9 billion by the end of 2032.

Structural Adhesives MarketThe global structural adhesives consumption is expected to grow at a CAGR of 6.7% from 2022 to 2032. The global structural adhesives market is worth 14.74 billion US$ in 2022 and is expected to generate revenue of 28.2 billion US dollars by the end of 2032.

TMCP Steel MarketGlobal demand for TMCP steel grew year-on-year (YoY) by 6.1% in 2021 to reach a market valuation of US$127.8 billion. TMCP steel consumption in shipbuilding accounted for 25.5% market share, or US$32.6 billion at the end of 2021.

Hydroxyl Terminated Polybutadiene (HTPB) MarketThe global hydroxyl-terminated polybutadiene (HTPB) market is expected to grow at a CAGR of 9.5% to reach a market valuation of US$498.7 million by 2032, from US$203 million in 2022.

Bio-Based Coolants MarketThe global bio-based refrigerants market is currently valued at US$1.16 billion and is expected to grow in size at a CAGR of 3.2% to reach a market valuation of US$1.6 billion by the end of 2032 .

Mussel plastics marketThe global molded plastics market reached US$165.8 billion in 2022 and is expected to surpass a valuation of US$260.5 billion by 2032, growing at a CAGR of 4.7% during the said period.

Alcohol Ethoxylates MarketGlobal Ethoxylated Alcohols Market was valued at 6.3 Billion US$ in 2021 and is projected to be valued at 6.6 Billion US$ in 2022. During the assessment period 2022-2032, the demand is expected to increase at a CAGR of 3.6%, likely to reach US$9.3 billion by the end of the said forecast period.

Pure Monomer Resins MarketThe global pure monomer resins market is expected to enjoy a valuation of US$1.26 billion in 2022 and grow at a CAGR of 5.8% to reach US$2.22 billion by the end of 2032. Pure monomer resins (PMR) are considered strong adhesives for bonding materials exposed to high temperatures.

titanium dioxide nanomaterials marketThe global titanium dioxide nanomaterials market is expected to grow at a CAGR of 7.7% over the forecast period 2022-2032. The market is expected to reach a value of approximately US$3.6 billion by 2032, from US$1.71 billion in 2022.

clay absorbers marketThe global market for clay absorbers is currently valued at US$4.03 billion and is expected to reach US$6.12 billion by the end of 2032. The global demand for clay absorbers is expected to increase to a CAGR of 4.2% from 2022 to 2032.

About Us:
Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide range – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.

Contact:
Mahendra Singh
USA Sales Office:
11140 Rockville Pike
Office 400
Rockville, MD 20852
Email: [email protected]
Tel: +1 (628) 251-1583
Follow us: LinkedIn | Twitter

Share.

Comments are closed.