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Precipitated Silica market is tremendously growing and is estimated to reach USD 2.46 Billion in 2021

Precipitated Silica market is tremendously growing and is estimated to reach USD 2.46 Billion in 2021

Lifestyles improvements and growing demand for properly packaged and stored food propels the demand for precipitated silica market and generate revenue of $2.46 billion till 2021.

According to the market research report “Precipitated Silica Market: By End Users (Automobiles, Personal Care, Electronics, Agriculture, Food, Adhesives, Sealants & Coatings and Others) & Geography -Forecast (2017-2021)” published by IndustryARC, estimated to reach $2.46 Billion by 2021.

Browse 18 Market Tables, 137 Figures spread through 157 slides and an in-depth TOC on “Global Precipitated Silica Market (2016 – 2021)” – http://industryarc.com/Report/15990/precipitated-silica-market.html

Precipitated silica is produced by reaction of acid such as sulfuric acid with alkaline silicate at elevated temperature. It is used as a white free flowing powder in a compact form. This precipitated silica is industrial non-reactive filler which possesses large surface area, high absorption capacity, and high hardness. Precipitated silica has industrial applications in rubberized foot wear, paint, dyes, printing ink, and plastic products. Precipitated silica is used in many industries such as automotive, cosmetics, electronics, agriculture, and so on. However, automobiles and electronics are the major industries which are occupying prominent share among all other applications

The global Precipitated Silica market is estimated to grow with a CAGR of 4.46% during the forecast period and will reach $2.46 billion in 2021. Backed by increased consumption of fuel-efficient green tires in the automobile industry. As automobile industry is now on its peak and will continue to dominate in the future too, the demand for more durable and good quality tires is in huge demand. Tires having precipitated silica in them are far more durable, less resistance on ground, hence improving vehicles fuel’s economy and reducing global warming too by lowering the amount of gas expelled. Moreover they can also be used in vehicles for harsh environment such as snow covered and wet environments.

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The precipitated silica market has been segmented into Americas, Asia-Pacific, Europe and Rest of the World (RoW) on basis of geography. In 2016, APAC is the prominent region for Precipitated Silica market. APAC is estimated to be the fastest growing region with CAGR of 4.88% during the forecasted period. Increasing urbanization, higher disposable income and rapid infrastructural development especially in the developing countries continue to contribute to rising levels of hygiene and increase in penetration of precipitated silica in the application industries including household, food & beverage and automotive. Increasing technological developments are set to result into the production of advanced precipitated silica and thus benefit growth. Growing consumption of personal care and household products in countries such as China, India, U.S., Germany, Saudi Arabia, United Arab Emirates and Brazil is estimated to enhance the demand for Precipitated silica in the near future.

The Prominent Players in this Precipitated Silica Market Include

  • PPG Industries, Inc
  • Tosoh Silica Corporation
  • W. R. GRACE & CO.
  • Evonik Industries AG
  • SOLVAY SA

Evonik industries AG and PPG industries, Inc. are key players of the precipitated Silica in 2016 with a share of 19% and 15% respectively. Some of the important players in the precipitated silica market include Solvay SA, Tosoh Silica Corporation, and W.R. Grace and Co. to name among a few others. With various product launches, mergers, acquisitions, collaborations and other strategies, these companies are obtaining market shares in the industry.

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