PRECIPITATED SILICA MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global precipitated silica market is estimated to be valued at USD 3.25 Bn in 2024 and, growing at a compound annual growth rate (CAGR) of 5% from 2024 to 2031. The global precipitated silica market refers to the finely divided amorphous form of silica obtained by the reaction of alkaline silicate with carbon dioxide. It has various applications across rubber, food, dental, and other industries attributed to its thickening, strengthening, and reinforcing properties. The global market has been growing steadily over the past few years owing to rapidly expanding rubber industry. Tire manufacturers are the key consumers of precipitated silica as it improves wear resistance and enhances wet traction of tires. Moreover, shifting automotive industry trends towards fuel-efficient and lightweight materials is positively influencing the market dynamics.

Market Dynamics:

The global precipitated silica market is driven by factors such as increasing automotive production, burgeoning rubber industry, and rising demand for low-rolling resistance tires. Precipitated silica plays a crucial role in reducing fuel consumption of vehicles by enhancing the fuel efficiency of tires. Rapid urbanization and growing economic activities in emerging nations are augmenting the sales of automotive vehicles, which is fueling market growth. However, price volatility of raw materials used for manufacturing precipitated silica and the availability of substitutes are expected to restrain the market during the forecast period. Development of novel applications in industries such as food, pharmaceuticals, silicone rubber, and sealants presents promising opportunities for market players.

 Key Features of the Study:

• This report provides in-depth analysis of the global precipitated silica market and provides market size (US$ Bn & KT) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global precipitated silica market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Evonik Industries AG, Oriental Silicas Corporation, Huber Engineered Materials, PPG Industries, Inc, MLA Group, Solvay S.A, Anmol Chemicals Group, Supersil Chemicals (I) Pvt. Ltd, Anten Chemical Co. Ltd., PQ Corporation, W.R. Grace & Co., Madhu Silica Pvt. Ltd., QUECHEN, AMS Applied Material Solutions, Covia Holdings LLC., Denka Company Limited.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global precipitated silica market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global precipitated silica market.

Market Segmentation

• Grade:
  • Rubber Grade
  • Non-rubber Grade
  • Food Grade
• Application:
  • Rubber
  • Fishing Boats
  • Adhesives & Sealants
  • Coating & Inks
  • Food
  • Others
• End-use Industry:
  • Personal Care & Cosmetics
  • Automotive
  • Agriculture
  • Electronics
  • Others
• Regional:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Evonik Industries AG
  • Oriental Silicas Corporation
  • Huber Engineered Materials
  • PPG Industries, Inc
  • MLA Group
  • Solvay S.A
  • Anmol Chemicals Group
  • Supersil Chemicals (I) Pvt. Ltd
  • Anten Chemical Co. Ltd.
  • PQ Corporation
  • R. Grace & Co.
  • Madhu Silica Pvt. Ltd.
  • QUECHEN
  • AMS Applied Material Solutions
  • Covia Holdings LLC.
  • Denka Company Limited