Precipitated Silica Market Size, Trend and Forecast, Survey and Forecast Report 2027
Precipitated Silica Market – Overview
Precipitated
Silica market is predicted to witness strong growth on account of its
profound usage in rubber, pharmaceutical, oral health care, food &
beverages, and others. Increasing use of these product in rubber application
owing to excellent properties such as superior tensile strength and abrasion
resistance is estimated to propel the demand over the forecast period. It is
generally used in the production of toothpaste wherein it act as whitening and
cleaning agent. It is used as abrasive cleaners and thickeners due to maximum fluoride
compatibility. Growth of global Precipitated Silica market is predominantly
driven by automotive industry. Furthermore,
rubber industry is predicted to witness significant growth due to numerous
factors such as increasing population, growing per capita disposable income,
and changing consumer trends. Rubber application segment accounted for the
largest market share due to wide utilization in automotive & transportation
industry. Moreover, rising application scope in production of conveyor belts,
transmission belts, silicon tubes, and PVS sheets have positive influence on
market growth.
Geographically, Asia Pacific emerged as the leading market for
precipitated silica followed by North America and Europe in 2016. The Asia
Pacific region accounted for largest market share and is predicted to register
highest CAGR due to continuous growth of automotive, food & beverages, and
pharmaceutical, industry specifically in China, India, Japan, Malaysia, and
South Korea. Moreover, In Asia Pacific end use industrial growth is surge in
various countries such as India, Vietnam, South Korea, Japan, China, Thailand,
and Malaysia which is likely to drive market growth. Furthermore,
increasing investment by major companies and shifting of precipitated silica
manufacturing facilities as well as end use industries expansion in this region
is estimated to drive the precipitated silica regional market growth. North
American market is predicted to witness steady growth on account of expansion
of oral health care and pharmaceutical sector. Europe is expected to witness
substantial growth owing to the significant growth of automotive industry.
Furthermore, high adoption rate along with increasing awareness regarding the
benefits associated with this product is predicted to fuel the market growth.
Competitive
Landscape
The
Precipitated Silica report analyses the degree of competition among the key
manufacturers as well as industry growth and market scenario. The global
Precipitated Silica market consist of various players operating in the market
including large scale and medium size producers. The key market players
operating in the global precipitated silica are competing amongst each other in
terms of product differentiation. Competition in the market is predicted to
stay moderate in the upcoming years on account of revision of emission norms.
Moreover, the company is focusing on enhancing their product portfolio by
strategic acquisition and mergers, joint ventures, and exclusive agreements.
Some of the companies are expanding their production capacity to raise the
circulation of products.
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Key Players:
Evonik Industries AG, Solvay S.A, Tosoh Silica Corporation, PPG
industries, Zheng Yuan Chemical, Oriental Silicas Corporation, W.R. Grace &
Co, Huber Engineered Materials, Anten Chemical, Madhu Silicate among others are
some of the prominent players at the forefront of competition in the Global
Precipitated Silica Market and are profiled in MRFR Analysis.
Industry/
Innovation/ Related News:
June 2017- The
European Commission approved acquisition of Huber Silica by Evonik Industries.
With this acquisition Evonik Industries will expand its presence in Europe and
the Middle East and Africa.
March 2017- PPG
Industries made an agreement with KRAHN CHEMIE for the distribution of
precipitated silica products in Poland. With this agreement, the company
strengthen its position in the distribution network in Poland.
February 2017- AksharChem
India Ltd announced to invest INR 65 Crores to expand its portfolio of
inorganic product such as precipitated silica. With this expansion company will
be able to supply more to end use industries such as Rubber, Tyre, and Food.
May 2017- Tata Chemicals
acquired precipitated silica operation from Unnati inorganics Private Limited.
The company take over the operation at existing production site in Dahej which
will manufacture highly dispersible silica (HDS). This acquisition represent a
value addition to company’s specialty chemical business.
August 2016- Huber
Engineered Material announced to expand its commercial manufacturing capacity
of precipitated spherical silica at its Finland, manufacturing facility. This
expansion will help the company in the business growth of the silica and
silicates across the globe.
January 2016- PPG Industries increased precipitated silica manufacturing
capacity at its Louisiana, production plant by more than 10,000 tons per annum.
With this expansion, the company will be able to meet the growing demand for
their products among the major strategic customers and target segments in U.S.
December 2016- Evonik Industries announced to build USD 120 Million Silica
plant near Charleston South Carolina to supply to tire manufacturing unit. With
this expansion company’s strategy is to strengthen its position as a global
partner for automotive supplier industry.
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