Precipitated Silica Market Size, Size, Demand, Growth & Trends by 2029

-

 Market players are focusing on capacity expansion and product innovation to exploit the versatility of precipitated silica (SiO2). Developing regions of the world are expected to lead demand generation by the end of forecast period. Global precipitated silica market revenues will reach US$ 5.9 Bn by 2029 supported by a staggering growth rate of over 9% between 2019 and 2029.

Precipitated silica is witnessing increased traction from various end-use industries such as automobiles, cosmetics, construction, electronics, and agriculture. Investment in infrastructure, coupled with increasing disposable income will further the demand of precipitated silica used in manufacturing paints, coatings, cosmetics, and oral care products.

Get Your 30% Discount Now! Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-11073

Key Takeaways of Precipitated Silica Market Study

- Cosmetics lead end-use industries in terms of demand generation with a market share of more than 21%.
- Electronic end-uses present the most lucrative growth opportunities with a growth-wise market share of more than 19% during the forecast period.
- Rubber will lead segmentation based on application type, on the back of surging demand for green tires from the automotive industry.
- Precipitated silica products have found immense utilization in personal care, particularly in oral care products that treat tooth sensitivity. This segment is expected to provide remunerative opportunities.
- North America is leading with a market share of more than 29% followed by Latin America which garners a market share of 23%.
- Japan proves to be the future frontier for precipitated silica manufacturers with an astounding growth rate of more than 13% throughout the forecast period.

“Precipitated silica will witness exponential growth on back of surging infrastructure and automotive demand in developing economies. Manufacturers stand to gain from research and development into innovative applications of the product. Major players are making an effort to establish market dominance by investing in capacity expansion.”-FMI Analyst

Rubber Industry to Increase Market Demand

Propelling mass-adoption of precipitated silica, the rubber industry will influence growth trends during the forecast period. This is attributed to beneficial applications of precipitated silica in increasing road grip and reducing rolling friction. Promoting fuel efficiency, precipitated silica induced tires are referred to as green tires. Green tires have garnered increasing traction on the back of eco-friendly production trends in automotive industry. Consumer trends such as increase in disposable income and awareness of skin friendly cosmetics will generate demand from cosmetics end-use industry. Oral care is another lucrative opportunity that market players are capitalizing with the help of research and development in medical aplications.

Who is Winning?

The global precipitated silica market is fragmented. Major players in the market are investing in capacity expansion and innovative production processes. Important market players that shape the precipitated silica market are Evonik Industries AG, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation, Solvay SA, Huber Engineered Materials, and Oriental Silica Corporation.

Market Segmentation

The global Precipitated Silica market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By End – Use Industry

  • Automobiles
  • Cosmetics
  • Electronics
  • Agriculture
  • Others

By Application

  • Rubber
  • Personal Care
  • Fishing Boats
  • Food
  • Coating & Inks
  • Adhesives & Sealants
  • Others

Region

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Oceania
  • Middle East & Africa

Table of Content

1. Global Precipitated Silica  Market – Executive Summary

1.1. Global Market Outlook

1.2. Industry Roadmap

1.3. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Demand Analysis by End- Use Industry

3.2.1. Automobiles

3.2.2. Cosmetics

3.2.3. Electronics

3.2.4. Agriculture

3.2.5. Others

3.3. Product Innovation / Development Trends

3.3.1. Creating New Delivery Mechanisms

3.3.2. Indication Specific Products

3.3.3. Shift Toward Natural Ingredients

3.3.4. Preferential Inclination towards Non-Modified Convenience Ingredients

4. Key Success Factors

to be continued…!

Browse Full Report: https://www.futuremarketinsights.com/reports/precipitated-silica-market

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid expansion of the
Read more