Global Cosmetic Grade Spherical Silica Market 2022-2028

Global Cosmetic Grade Spherical Silica Market 2022-2028

Global Cosmetic Grade Spherical Silica Market Size, Share, & Analysis by Type (Medium Pore Volume, High Pore Volume, and Non-Porous Volume), by Product (Powder, Lotion/ Cream, and Others), and by Application (Lips, Eyes, Face, and Others) Forecast Period (2022-2028)

The global cosmetic grade spherical silica market is anticipated to grow at a CAGR of 5.7% during the forecast period (2022–2028). The market value was $207.1 million in 2021 and is estimated to reach $30.5.5 million in 2028. Spherical silica is a next-generation high-purity synthetic silica filler in a spherical or irregular shape. It has a highly reactive functional silanol group on the surface, which makes it easy to bond chemically with many materials. It has various applications across the industries, including cosmetics, building and construction, automotive, and others. Spherical silica is used as an absorbent and thickening agent within the cosmetic industry. It is commonly used in cosmetic formulations owing to its spherical particles that absorb sweat and oil, prevent light reflection, and improve spreading ability.

Advantages of spherical silica in skincare and cosmetic products-

● Provide natural exfoliation (abrasive agent)

● Absorbs oil and sweat

● Helps makeup adhere better to the face

● Provides a matte finish (opacifying agent)

● Thickens the consistency of creams and lotions

● Helps foundations spread onto the skin (bulking agent)

● Improves the distribution of pigments (anticaking agent)

● Prevents cosmetics from settling into makeup (suspending agent)

Owing to the several advantages of spherical silica, various cosmetic manufacturers are increasingly using silica as a softening and smoothing agent. Hence, the primary factor propelling the market’s growth is the rapidly rising demand and growth of the cosmetic industry across the globe.

Market Segment Outlook

Based on the type, the market is sub-segmented into medium pore volume, high pore volume, and non-porous silica. Among these, the non-porous silica sub-segment held a market share of 21.2%, accounting for around $43.8 million in 2021 and is estimated to reach $71.0 million in 2028. The segment is projected to grow at the highest CAGR of 7.2% during the forecast period (2022-2028). Non-porous silica used for cosmetic applications can be categorized as mesoporous or nonporous (solid) NPs, both of which include an amorphous silica structure. Mesoporous silica is characterized by mesopores that have a 2–50 nm pore size and are widely used for the delivery of active payloads based on physical or chemical adsorption. Thus, when applied to the skin, these non-porous nanoparticles can be easily absorbed into the skin.

Based on the product, the market is sub-segmented into powder, lotion/cream, and others. The other sub-segment includes gel and oil. Among these, the lotion/cream sub-segment is estimated to hold the largest share of 41.0% in 2021, accounting for a market value of $84.9 million in 2021. The number is further estimated to reach $130.6 million in 2028, growing at a CAGR of 6.3% during the forecast period (2022-2028). The primary factors contributing to the segmental growth include the increasing usage of routine skincare products such as sunscreens, body lotions, body washes, and massage creams, among others. Lotions and creams developed with the integration of nano spherical silica act as anti-aging and skin tightening agents. Further, several key market players are also focusing on launching silica-based lotions and creams to cater to the rising demand by offering various features. For instance, in September 2021, SkinCeuticals launched an Advanced Scar Control lotion that aims to minimize the scars on the face. The lotions are made up of silicones and various smoothing ingredients such as silica, allantoin, and ceramides. These ingredients reduce redness, soften, and smooths the skin texture, and reduce scar discoloration.

Based on region, the global cosmetic grade spherical silica market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among these, Europe held the largest share of 33.6% in 2021, accounting for a market value of $69.5 million in 2021. This number is further estimated to reach $100.0 million in 2028, growing at a CAGR of 5.3% during the forecast period (2022-2028). The primary factor attributed to the market’s growth is the presence of highly developed and established cosmetic industries. France is one of the major countries that consume many cosmetic products. According to the World to Exports, in 2021, France exported cosmetic products worth $10.8 billion globally. Additionally, the country holds a strong presence of key cosmetic companies such as L’Oreal, Unilever, P&G, Estee Lauder, and several others, which is another factor propelling the growth of the market.

Key Players Outlook

Prominent players in the cosmetic grade spherical silica market include KONINKLIJKE DSM N.V., Making Cosmetics Inc., ABC Nanotech, Evonik Industries AG, and Nikko Chemicals, among others. These market players are adopting various strategies to sustain themselves in the competitive market. These companies are embarking on aggressive strategies such as partnerships and product launches in the cosmetic grade spherical silica market to gain a leading position across the globe. For instance, in June 2021, Evonik Industries expanded its production capacity of fumed silica in a plant complex named Antwerp. The major motive behind the expansion is to cater to rapidly rising demand for fumed silica marketed under the brand name AEROSIL across the globe.