Precipitated Silicas Market - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders
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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