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Precipitated silica is an important part of tire formulas because it improves fuel economy, wet grip, and tire performance generally. One main reason for this need is the growing car industry.
A lot of personal care and makeup companies use precipitated silica, which helps the market grow. It is an important part of toothpaste, skin care solutions, and hair care products because it has special properties like being able to absorb water and control the size of particles. Personal grooming is becoming more and more important, which is driving demand in this area.
In the precipitated silica market, environmental factors are having an impact, and green and environmentally friendly production methods are becoming more popular. Manufacturers use methods that are good for the earth, cut down on carbon emissions, and look into green energy sources. This change fits in with efforts around the world to encourage preservation and lessen damage to the earth.
Food and animal feed are becoming big users of precipitated silica, which helps the market grow. It keeps food from clumping together and improves the flow of powdered products. It helps horse feed absorb water and keep it from sticking. These flexible uses are creating a wide range of demand.
In the market for precipitated silica, ongoing research and development projects encourage new ideas, which leads to new types and formulas. The focus is on improving the performance of precipitated silica for a wide range of uses, which will increase its market potential and meet changing buyer needs.
Asia-Pacific is becoming a major player in the Precipitated Silica market thanks to its fast development and strong manufacturing sector. In places like China and India, the demand for precipitated silica is rising because end-use businesses are growing. Important raw products and skilled workers are easy to find in this area, which adds to its importance.
Some things that affect production and marketing in the Precipitated Silica business are delays in transportation and the supply of raw materials.
To avoid unpredictability and make sure they always have a supply of precipitated silica, people in the market need to use strong supply chain techniques, like having a wide range of suppliers and making sure logistics run smoothly.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Grade, Application, End-Use and Region |
Precipitated Silica Market Highlights:
Precipitated Silica Market Overview
Precipitated Silica Market is estimated to be valued at USD 4.5 billion in 2030 and is expected to grow at a CAGR of 2.9% during the forecast period.
Precipitated silica is a form of synthetic amorphous silicon dioxide (specialty silicas) and is derived from quartz sand and crystalline form of silicon dioxide. Precipitated silica is inert, non-toxic, and chemically balanced synthetic amorphous material suited for diverse applications. Furthermore, the properties of the precipitated silica can be manipulated during the manufacturing process to cater to a wide range of performance for diverse end-use industry verticals.
Among various end-use industries, rubber industry accounted for the largest market share for precipitated silica; this trend is expected to follow throughout the forecast period. Precipitated silica optimizes the processing characteristics of rubber, such as faster cure rates, easier mixing, better flow, or more flexible extrusion, along with enhancing the heat and abrasion resistance, and increased tensile strength. Hence precipitated silica is a key ingredient of rubber production. Thus the growth in demand for rubber industry with has a direct impact on the precipitated silica market. Within the rubber industry, tire application is dominating the global demand for rubber. This rapid growth of automotive production and sales is expected to drive the growth of the global participated silica market during the forecast period. In the adhesives & sealants industry, precipitated silica is used to enhance bond strength and as a thickening agent. Hence, the surge in demand for adhesives and sealants across an array of end-use industries is expected to drive the demand for precipitated silica in the latter. Personal care & cosmetics industry is projected to be the fastest growing end-use industry in the global participated silica market. The growth of personal care and cosmetics segment can be attributed to rising disposable income, changing the demographic trend, increasing middle-class population, and rapid urbanization.
Furthermore, increasing demand for paints & coatings and rubber from the construction and automotive industry is expected to drive the demand for precipitated silica as a raw material during the forecast period.
Although the demand for precipitated silica is expected to increase significantly with the steady growth of the end-use industry, the market is expected to face a serious roadblock owing to environmental hazards associated with the production of precipitated silica.
Regional Analysis
Asia-Pacific led by China is projected to dominate the global precipitated silica market during the forecast period, huge investment in construction and infrastructural development, rapid industrialization, and growing automotive industry are projected to be the key driving factor for the growth on the region. Moreover, China is the largest producer of automobiles across the globe with about 30% market share in the world. This makes China a significant market for precipitated silica. India is expected to be the fastest growing market for precipitated silica owing to the growing demand for personal care products such as soap, shampoo, and oral care products and rapidly growing automotive industry. North America is expected to be the second largest market for precipitated silica market. The region is projected to experience moderate growth during the forecast period. The growth in the region is supported by a recovery in the construction industry in the US, growing automotive production in the region. The European market is projected to witness steady growth during the forecast period primarily owing to rising construction activities in the non-residential construction in the Eastern European region. Latin America and the Middle East & Africa regions are expected to expand at a moderate CAGR during the forecast period.
Segmentation Analysis
The global precipitated silica market has been segmented based on grade, application, end-use industry, and region. On the basis of grade, the global precipitated silica market has been categorized as rubber grade, food grade, and non-rubber grade. By application, the global precipitated silica market has been divided into additives, free-flow and carrying agents, thickening agents, anti-caking agents, battery separators, and others. By end-use industry, the global precipitated silica market has been divided into the rubber industry, food & feed, paints & coatings, adhesives & sealants, personal care & cosmetics, and others.
The global precipitated silica market, by region, has been segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Key players
Some of the key players operating in the global precipitated silica market are PPG Industries, Inc. (the US), Industrias QuÃmicas del Ebro, SA ( Spain), Evonik Industries AG (Germany), Tata Chemicals Ltd (India), AntenChem Co., Ltd, Solvay SA (Belgium), PQ Corporation (US), W.R. Grace & Co. (US), Oriental Silica Corporation (Taiwan), Tosoh Silica Corporation (Japan), Huber Engineered Materials (US), Supersil Chemicals (I) Pvt. Ltd (India), Madhu Silica Pvt. Ltd (India), Gujarat Multi Gas Base Chemicals Pvt. Ltd (India), and Wacker Chemie AG (Germany)
Target Audience
- Supplier and traders of precipitated silica
- Manufacturers of precipitated silica
- Rubber manufacturers.
- Research institute/education institute.
- Potential Investors.
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