Colloidal Silica Industry Size, Share, Demand & Growth
The global colloidal silica industry demand was valued at USD 252.0 Million in 2022 and is projected to expand at a CAGR of 3.9% during the forecast period (2022-2030). Colloidal silica is finding immense use in the electronics & semiconductor industry, wherein, it plays a critical role in the production of ultra-flat, uniform, and low-detection surfaces for semiconductors. Moreover, colloidal silica is used as a rough surface remover and as a polishing additive. It is extensively used for electropolishing to remove microscopic layers of metal particles from surfaces. In addition, the growing electronics & semiconductor industry in South and East Asia is expected to drive the colloidal silica market over the decade ahead. Paints & coatings and paper & pulp industries are also expected to pave the way for market growth in the coming years. A significant portion of the revenue of the colloidal silica market is realized from the electronics ...