Market Overview
- The Global Precipitated Silica Market is expected to grow at a CAGR of 4.5% during the forecasting period (2020-2027).
- Precipitated silica is a silica product, containing silica, a white powder, a large enough porous and Nano particle-sized. The precipitated silica products are needed to support the operation of various types of industries such as automotive tire, rubber, cosmetics, electronics, agriculture, and others. Precipitated silica is produced by precipitation from a solution containing silicate salts. The particles are porous. Primary particles with a diameter of 5 - 100 nm, and specific surface area 5-100 m2/g. Agglomerate size is 1 - 40 µm with an average pore size is > 30 nm. Density: 1.9 - 2.1 g/cm3. The production of precipitated silica starts with the reaction of an alkaline silicate solution with a mineral acid. Sulfuric acid and sodium silicate solutions are added simultaneously with agitation to water. Precipitation is carried out under acidic conditions.
- The global precipitated silica market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.
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Market Dynamics
- Rapidly developing the industrial sector in emerging economies and increasing demand from the rubber and tire industry are the key drivers impacting the growth of the market. Precipitated silica is colorless, odorless, and chemically inert, yet the interaction between silica particles and rubber is so important for the performance of composites that few rubber compounders regard it as a commodity product. Companies are introducing precipitated silica products in the rubber and tire industry. For instance, W. R. Grace & Co., one of the world’s largest companies for specialty chemicals has introduced a few products for precipitated Silica. PERKASIL® precipitated silica products have been used successfully for many years as reinforcement fillers in rubber and tire applications. PERKASIL® portfolio covers a wide range of silica surface areas and porosities suitable for a broad variety of applications and is offered both in powder and granulated form.
- Strict environmental and usage regulations by different government bodies across the globe is a major restraint hindering the market growth.
Market Segmentation Analysis
- By application, the precipitated silica market is segmented into adhesives & sealants, battery separator, adhesives & sealants, coating & inks, rubber, personal care, and others. Others include oils and salts. The global precipitated silica market is expected to grow at a CAGR of 4.5% during the forecasting period (2020-2027).
- Based on the process, the precipitated silica market is further divided into the Dry Process and Wet Process. The global precipitated silica market size by the dry process is estimated to reach at a CAGR of 4.5% during the forecast period 2020-2027.
- Based on the end-use industry, the precipitated silica market is further divided into electronics, automobile, agriculture, cosmetics, and others. Others include pharmaceuticals, agrochemicals. The global precipitated silica market size by agriculture was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Agricultural Grade Precipitated Silica powder is used for providing nutrition to plants and animals. The precipitated silica is porous, water-insoluble, and has a thicker density of 1.9 – 2.1 gram per centimeter cubic. This precipitated silica is non-toxic and safe for use in agriculture activities.
- Companies are focusing to manufacture products related to the agriculture industry. For instance, Evonik has introduced AEROSIL® fumed silica and SIPERNAT® precipitated silica are used in solid formulations as flow aid, anti-caking aid, milling aid, and as a carrier for liquid active ingredients. The fumed and the precipitated silica products improve the free flow and caking properties of wettable powders (WP), granules (GR), water-dispersible granules (WG), granulated fertilizer and seed treatment formulations by reduction of van der Waal’s forces and moisture films between the particles.
Market Geographical Analysis
- The Asia Pacific is expected to dominate the global precipitated silica market in 2018 and estimated to hold the largest market share over the forecast period (2020-2027). Extensive usage of silica in the automotive paints & coating application is the major factor for the rising demand for precipitated silica in the Asia Pacific region. Adding to this, continuous growth in the Asia Pacific due to the rising demand from foreign vehicle manufacturers, economic reforms, and political stability are the major driving factors for the growth of the market.
- The automotive industry of the Asia Pacific region has seen a high growth over the last few years which acts as a key factor for the growth of the market. For instance, Asian companies have improved manufacturing processes, and this made the Asia Pacific as a major hub for market growth. China, Japan, and the Korea Republic already have developed the automobile industry and increasingly invading into electric vehicles technologies, which will further drive the demand for the precipitated silica market. China is likely to be one of the world's prominent manufacturers of electronic gadgets.
Market Competitive Trends
- The Precipitated Silica market is competitive with existing players in the market.
- Some of the major players include W.R. Grace & Co, Huber Engineered Materials, Solvay S.A., Anten Chemical Co., Ltd, PQ Corporation, Oriental Silicas Corporation, Madhu Silica Pvt Ltd, PPG Industries, Inc, Tosoh Silica Corporation and Evonik Industries AG.
- The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions which are contributing to the growth of the Precipitated Silica Market.
- In August 2019, Evonik Business Line Silica launches a new specialty product, SPHERILEX® 145, for the oral care industry.
- In June 2018, Tata Chemicals Ltd. announced that it completed the previously announced acquisition of Allied Silica Ltd.'s precipitated silica business for 1.23 billion Indian rupees.
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The report "Precipitated Silica Market by End-Use Industry (Automobiles, Cosmetics, Electronics, Agriculture), by Application (Rubber, Personal Care, Food, Battery Separator, Coating & Inks, Adhesives & Sealants), & by Region - Global Forecast to 2021".Browse 127 market data Tables and 39 Figures spread through 163 Pages and in-depth TOC on "Precipitated Silica Market by End-Use Industry (Automobiles, Cosmetics, Electronics, Agriculture), by Application (Rubber, Personal Care, Food, Battery Separator, Coating & Inks, Adhesives & Sealants), & by Region - Global Forecast to 2021".Download PDF Brochure @ http://bit.ly/2GpngDwThe global precipitated silica market is projected to reach USD 2.23 Billion by 2021, at a CAGR of 9.1% from 2016 to 2021.
There is a high rise in the usage of precipitated silica for manufacturing of high-quality tires that comply with the tire labelling norms.
There is also a high demand for precipitated silica to produce hoses, tubes, gaskets & seals, belts, and other products that are used in the automobile industry.Among all applications, rubber is the fastest-growing segment in the precipitated silica market.
It is mainly used in the production of tires, tubes, hoses, gaskets & seals, conveyor belts, footwear, and many other rubber products.
The personal care application segment is the second largest as there is a high demand for personal care products such as toothpastes, cosmetics, and others.Asia-Pacific was the largest market for global precipitated silica market in 2015Asia-Pacific was the largest market for precipitated silica market in 2015, owing to the rise in demand of precipitated silica in this region.
This increased demand can be attributed to the growing demand for automotive tires, personal care products such as toothpastes, footwear, and pesticides in the region.China, India, and Japan are the leading countries in terms of production and consumption of precipitated silica in Asia-Pacific.
With low price sensitivity characterizing the temperament of the global precipitated silica market, the leading players are competing on the basis of product differentiation, states a new research report by Transparency Market Research (TMR).
In 2014, the top four participants, namely, Evonik Industries AG, PPG Industries Inc., Solvay, and Oriental Silicas Corp., held approximately 57% of the overall market.
Over the coming years, the leading vendors of precipitated silica are likely to engage into strategic partnerships in a bid to improve their product portfolios and expand their reach across various regions, reports the research study.Are you a start-up willing to make it big in the business?
Grab an exclusive PDF sample of this report hereAs per TMR’s estimations, the global market for precipitated silica was worth US$2.22 bn in 2015.
Expanding at a healthy CAGR of 5.50% over the period from 2015 to 2023 the opportunity in this market is expected to increase to US$3.48 bn by the end of the forecast period.
Among these, the rubber segment has been the main contributor to this market and this scenario is anticipated to remain so in the years to come, states the market report.Asia Pacific to Maintain Dominance over Global Precipitated Silica MarketIn terms of the regional spread of the worldwide market for precipitated silica, Asia Pacific has emerged as the leading region and it is expected to retain its position through 2023, thanks to the significant rise in the automotive, and especially the tire industries.
The Global Precipitated Silica Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Precipitated Silica Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/8722-precipitated-silica-market-reportThe report also covers the complete competitive landscape of the global Precipitated Silica market with company profiles of key players such as:Anten ChemicalEvonik Industries AGHuber Engineered MaterialsIQE GroupMadhu Silica Pvt.
Ltd.Oriental Silicas CorporationPPG Industries, Inc.QSolvay S.A.W.R.
