Market Overview
Precipitated silica can be defined as a form of synthetic amorphous silicon dioxide, which is derived from a crystalline form of silicon dioxide and quartz sand. It is a non-toxic, inert, and chemically balanced amorphous material and is ideal for various applications. The attributes of the product can be manipulated during the manufacturing process in order to cater to a wide range of performance across end use industries. The global precipitated silica market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 4.0% during the forecast period (2020-2027).
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Precipitated silica is highly utilized in tires in order to improve tire tread wear resistance and adhesion. This is one of the primary growth stimulants of the market. Replacement of carbon black with precipitated silica due to its eco-friendly nature is predicted to propel the market in the coming years. The product is extensively used in agrochemicals, which is likely to encourage the market growth to a large extent. The improved chemical stability and absorption ability of precipitated silica have increased its usage in the agrochemicals industry, which is further estimated to propel the market growth globally.
The soaring demand for precipitated silica from the food industry due to its high purity, superior absorption, and anti-caking properties will influence the market growth. It is largely used in powdered food products and edible oil and helps to improve food consistency through automated dosing of fruit extracts and vegetable, nutrients. Increased use of the product in toothpaste as a thickening and cleaning agent will fuel the market growth in the coming years.
Global Precipitated Silica Market: Segmental Analysis
The precipitated silica market has been segmented on the basis of application, grade, and end use industry.
By grade, the precipitated silica market is segmented into food grade, rubber grade, and non-rubber grade. Of these, the rubber grade is likely to gain prominence as the product is extensively used in the rubber industry as a reinforcement filler in tires. Tire manufacturers are highly focusing on increasing the production of the green tire due to rising pressure on vehicle makers in order to meet the surging fuel-economy targets and minimizing vehicle emissions. Such factors are estimated to augment the product demand in the segment.
The application segment comprises free-flow and carrying agents, additives, anti-caking agents, thickening agents, battery separators, and others.
Based on the end use industry, the market is segmented into food & feed, rubber industry, adhesives & sealants, paints & coatings, personal care & cosmetics, and others. Of these, the rubber industry commands the largest share. Precipitated silica optimizes the processing features of rubber, like easy mixing, faster cure rates, flexible extrusion, better flow, increased tensile strength, and heat and abrasion resistance. This makes precipitated silica a key ingredient in the production of rubber.
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Regional Frontiers
The precipitated silica market spans across Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific is likely to dominate the global market during the assessment period. The region is led by China and is likely to retain dominance in the coming years, mainly due to huge investment in infrastructural development and construction activities, the boom in the automotive industry, and rapid industrialization. China is likely to be the largest producer of automobiles, with 30% of the total market share globally. This has made China an important market for precipitated silica. India is the fastest expanding market for precipitated silica, and its growth is mainly credited to the mounting demand for personal care products like shampoo, soap, and oral care products. The rapid boom in the automotive industry has further encouraged the market in India.
North America is likely to acquire a second position in the global market and is likely to experience moderate growth during the assessment period. The regional growth is mainly supported by the recent boom in the construction industry in the U.S. The increasing automotive production in North America is also predicted to influence the market growth in the coming years.
Meanwhile, Europe will register a steady growth due to the surging construction activities, especially in the non-residential construction in the region of Eastern Europe. Construction activities in the region are likely to offer a suitable platform for the product demand for applications like adhesives & sealants and paints & coatings.
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Competitive Dashboard
The top players operating in the precipitated silica market include Industrias Químicas del Ebro, PPG Industries Inc. (the US), Evonik Industries AG (Germany), SA (Spain), AntenChem Co.Ltd, Tata Chemicals Ltd (India), PQ Corporation (US), Solvay SA (Belgium), Oriental Silica Corporation (Taiwan), R. Grace & Co. (US), Huber Engineered Materials (US), Tosoh Silica Corporation (Japan), Madhu Silica Pvt. Ltd (India), Supersil Chemicals (I) Pvt. Ltd (India), Wacker Chemie AG (Germany), and Gujarat Multi Gas Base Chemicals Pvt. Ltd (India).
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