Precipitated Silica Market

Precipitated Silica Market-Size-(2023-2028):

The precipitated silica market is predicted to reach $ 2.51 billion by 2028, with a CAGR of 9.5% between 2023-2028

This expansion is primarily attributed to the growing call for precipitated silica from the automotive industry and growing concerns about reduced fuel consumption. Precipitated silica plays a key role in reducing rolling resistance and escalating wear resistance and traction, contributing to lower fuel consumption, high durability, and high grip in wet and snowy conditions. Precipitated silica products are a very convenient form of packaging to use to make a wide variety of products popular with consumers. The growing call for fuel-efficient products in the automotive industry is currently a major expansion engine in the worldwide precipitated silica market. In addition, the growing call for toothpaste is another important factor in the expansion of the global market, as precipitated silica is employed as a thickening agent in toothpaste formulation. The Asia-Pacific region is predicted to provide fertile ground for the expansion of the automotive sector. The expansion of the automotive sector worldwide is predicted to drive expansion in the precipitated silica market as the call continues to move on an upward trajectory. The adoption of precipitated silica to make rubber tires is a major factor that will likely drive the global precipitated silica market during the foreseen period.

Precipitated Silica Market Drivers & Restraints:

Growing awareness of oral hygiene around the world is predicted to drive calls for products, especially from the toothpaste industry. Precipitated silica is employed in the manufacture of clear and medicinal toothpaste, where it acts as a cleaning, polishing, and whitening agent. Growing consumer awareness of a healthy lifestyle, wellness, and hygiene is predicted to drive the call for products in oral care applications during the foreseen period. Bringing oral hygiene awareness to the world is believed to boost product sales, primarily in toothpaste capitals. Therefore, it stimulates the expansion of precipitated silica companies in the world economy.

Precipitated silica is employed in the production of crystalline and medicinal toothpaste, where it serves as a whitening, cleaning, and polishing instrument. Escalating customer awareness of healthy lifestyles, wellness, and sanitation is predicted to drive calls for oral application stock during the outlook period. Use in paint and coatings composition is predicted. It is integrated on a large scale due to the physical resistance it offers, such as corrosion resistance, escalated durability, and a suitable agent for thickening and flattening. There are factors that are driving the expansion of the global precipitated silica market demand. High energy costs incurred during the precipitated silica manufacturing process are predicted to hamper the expansion of the worldwide precipitated silica market to some extent.

Opportunities in the Precipitated Silica Market:

Due to continued pressure from regulators to improve environmental safety, the call for green tires is escalating at a remarkable rate, which in turn is predicted to accelerate the market in the coming years.

Challenges in the Precipitated Silica Market

Although the call for precipitated silica is predicted to increase significantly with the steady expansion of the end-use industry, the market is predicted to face a serious hurdle due to the environmental risks associated with precipitated silica production. Environmental regulations pose a challenge to this market. Precipitated silica is dangerous to health. Frequent use of precipitated silica can cause a drying effect on the hand and other exposed body parts. It can also cause nosebleeds.

PRECIPITATED SILICA MARKET REPORT COVERAGE:

Precipitated Silica Market Segmentation as per the research report until 2028.

Precipitated Silica Market - By End-Use:

• Automobiles

• Cosmetics

• Electronics

• Agriculture

The automotive segment accounted for the majority of the worldwide precipitated silica market in 2020. There is a sharp increase in the use of precipitated silica to make high-quality tires that meet tire labeling standards.

Precipitated Silica Market - By Application:

• Rubber

• Personal Care

• Food

• Battery Separator

• Coating & Inks

• Adhesives & Sealants

Among all, rubber is the fastest-growing segment in the global precipitated silica market. There is a great call for precipitated silica in the rubber industry as it acts as a reinforcing filler and increases the strength and durability of rubber products.

Precipitated Silica Market - By Region:

The Precipitated Silica Report includes the segmentation of Regions with their respective Countries.

• North America Precipitated Silica Industry includes the U.S. and Canada.

• Europe Precipitated Silica Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific Precipitated Silica Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America Precipitated Silica Industry includes Brazil, Mexico, Argentina, Chile & the Rest of LATAM.

• The Middle East & Africa Precipitated Silica Industry includes KSA, UAE, Israel, the rest of the GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, and the rest of MEA.

Asia-Pacific, led by China, is predicted to dominate the global precipitated silica market during the foreseen period due to the large investments in construction and infrastructure development, rapid industrialization, and expansion of the automotive industry in the region. China is the world's largest automobile producer with around 30% of the worldwide market share.

This makes China an important market for precipitated silica. India is predicted to be the fastest-growing market for precipitated silica due to the escalating call for personal care products such as soap, shampoo, and oral care products and the rapidly growing automotive industry.

North America is predicted to be the second-largest market for the precipitated silica business. The area is likely to experience moderate expansion during the foreseen period. The region's expansion is supported by a recovery in the construction industry in the United States, which is escalating automobile production. The European market is supposed to record steady expansion over the foreseen period, mainly due to escalated construction activity in the non-residential construction sector in Eastern Europe. Latin America, the Middle East, and Africa regions are projected to grow at a moderate CAGR over the outlook period.

Some of the key players operating in the global precipitated silica market are

1. PPG Industries, Inc. (the US)

2. Industrias Químicas del Ebro

3. SA ( Spain)

4. Evonik Industries AG (Germany)

5. Tata Chemicals Ltd (India)

6. AntenChem Co., Ltd

7. Solvay SA (Belgium)

8. PQ Corporation (US)

9. W.R. Grace & Co. (US)

10. Oriental Silica Corporation (Taiwan)

11. Tosoh Silica Corporation (Japan)

12. Huber Engineered Materials (US)

13. Supersil Chemicals (I) Pvt. Ltd (India)

14. Madhu Silica Pvt. Ltd (India)

15. Gujarat Multi Gas Base Chemicals Pvt. Ltd (India)

16. Wacker Chemie AG (Germany)