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.
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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…!
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