Precipitated Silicas Market Industry Report 2021 Consist Statistical Data of Market Share, Size, Growth and Forecast Analysis 2027
Precipitated Silica
Market – Overview
Precipitated Silicas 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
Silicas Market 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 Silicas 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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