Precipitated Silica Market Product Driving Factors, Capacity and Growth Rate Analysis to 2023
14th June 2019 – Global Precipitated Silica Market is estimated to grow at a significant CAGR of 8.6% over the forecast period as the scope and its applications are rising enormously across the globe. Precipitated silica is a form of synthetic amorphous silicon dioxide; a powdered material with white color. It is formed by precipitation of a solution containing silicate salts.
The factors that are playing a major role in the growth of market are the developing industrial sector in emerging countries and the high demand from the tire and rubber industry. However, strict environment and utilization policy and slow economic recovery of the European states are the factors that may restrain overall market growth in the years to come. Precipitated silica market is segmented based on type, end-user, application, and region.
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Non-rubber grade and rubber grade are the types that could be explored in precipitated silica in the forecast period. The rubber grade sector accounted for the substantial market share of precipitated silica and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising preference for precipitated silica.
Based on end-user, agriculture, automobile, electronics, cosmetics, and others could classify precipitated silica market in the forecast period. The automobile sector accounted for the substantial market share of precipitated silica and is estimated to lead the overall market in the years to come. The reason could be the rising demand for manufacturing high-quality tiers. In addition, precipitated silica sector is estimated to grow at the fastest pace in the years to come.
The market may be categorized based on applications like adhesives & sealants, rubber, coating & inks, personal care, food, fishing boats, and others could classify precipitated silica in the forecast period. Rubber sector accounted for the substantial market share of precipitated silica and is estimated to lead the overall market in the years to come. The reason could be the rising demand from end-users as it increases the durability and strength of rubber products. In addition, the personal care sector is estimated to grow at the fastest pace in the years to come.
Key Applications
• Footwear
• Tires
• Feed & Food
• Industrial Rubber
• Coatings & Paints
• Adhesives & Sealants
• Personal Care
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Key Vendors
• PPG
• Evonik Industries
• Solvay
• OSC Group
• Quechen Silicon Chemical
• Huber Engineered Materials
• Longxing Chhemical
• Tonghua Shuanglong
• Tosoh
• W.R. Grace
• Anten Chemical
• Fuji Silysia Chemical
• Gujarat Multi-Gas Base Chemicals
• IQE