Precipitated Silica Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2230 | Last Updated On: Jun 28 2022 | Available Formats

> Global Precipitated Silica Market Expected to reach a high CAGR of 4.5% By 2029: DataM Intelligence

Global Precipitated Silica Market is segmented By Application (Adhesives & Sealants, Battery Separator, Adhesives & Sealants, Coating & Inks, Rubber, Personal Care, Others (Oils, Salts)), By End-Use Industry (Electronics, Automobile, Agriculture, Cosmetics, Others (Pharmaceuticals, Agrochemicals), By Process (Dry Process, Wet Process), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The "Global Precipitated Silica Market" is expected to grow at a CAGR of 4.5% during the forecasting period (2022-2029).

Precipitated silica is a silica product, containing silica, a white powder, a large enough porous and Nano particle sized. The precipitated silica products are needed to support the operation of various types of industries such as automotive tire, rubber, cosmetics, electronics, agriculture and others. Precipitated silica is produced by precipitation from a solution containing silicate salts.

Market Dynamics

Rapidly developing the industrial sector in emerging economies and increasing demand from the rubber and tire industry are the key drivers impacting the growth of the market

Precipitated silica is colorless, odorless and chemically inert, yet the interaction between silica particles and rubber is so important for the performance of composites that few rubber compounders regard it as a commodity product. Companies are introducing precipitated silica products in the rubber and tire industry. For instance, W. R. Grace & Co., one of the world’s largest companies for specialty chemicals has introduced a few products for precipitated Silica. PERKASIL precipitated silica products have been used successfully for many years as reinforcement fillers in rubber and tire applications. PERKASIL portfolio covers a wide range of silica surface areas and porosities suitable for a broad variety of applications and is offered both in powder and granulated form.

Strict environmental and usage regulations by different government bodies across the globe is a major restraint hindering the market growth.

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted the global economy and halted the key processes of almost all companies. Consequently, the global precipitated silica market was also affected. The disturbances in supply chain management and transportation of goods and services had a negative impact on the growth of the market. Many manufacturing and production units were disrupted due to the government enforced lockdowns and curfews across the world which led to losses and wastage of many precipitated silica products. The automotive industry and the electronics industry, in which precipitated silica is used, also faced losses during the pandemic. The pandemic also significantly changed the consumer demand and behaviour. Consumers refrained from purchasing non-essential products amid the pandemic thereby impacting the sales of precipitated silica products. The uncertain and unexpected situation caused by the pandemic significantly impacted the market hence, slowing its growth. However, the post-pandemic scene has improved and the global precipitated silica market has recovered. The market is set to grow at a high rate.

Market Segmentation

On the basis of the end-use industry, the precipitated silica market is further divided into electronics, automobile, agriculture, cosmetics and others

Others include pharmaceuticals and agrochemicals. Agricultural Grade Precipitated Silica powder is used for providing nutrition to plants and animals. The precipitated silica is porous, water-insoluble and has a thicker density of 1.9 – 2.1 gram per centimeter cubic.  This precipitated silica is non-toxic and safe for use in agriculture activities.

Companies are focusing to manufacture products related to the agriculture industry. For instance, Evonik introduced AEROSIL fumed silica and SIPERNAT precipitated silica are used in solid formulations as flow aid, anti-caking aid, milling aid and as a carrier for liquid active ingredients. The fumed and the precipitated silica products improve the free flow and caking properties of wettable powders (WP), granules (GR), water-dispersible granules (WG), granulated fertilizer and seed treatment formulations by reduction of van der Waal’s forces and moisture films between the particles.

By application, the precipitated silica market is segmented into adhesives & sealants, battery separator, adhesives & sealants, coating & inks, rubber, personal care and others

Rubber is the fastest growing segment among all the applications. There is a rising demand for precipitated silica in the rubber industry due to its various advantages. Rubber acts as a filler and increases the strength and durability of the products. It is used in the production of tubes, tires, footwear and many other rubber products.

Geographical Analysis

The global precipitated silica market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa based on the region

The Asia Pacific is expected to dominate the global precipitated silica market and is estimated to hold the largest market share over the forecast period (2021-2028). Extensive usage of silica in the automotive paints & coating application is the major factor for the rising demand for precipitated silica in the Asia Pacific region. Adding to this, continuous growth in the Asia Pacific due to the rising demand from foreign vehicle manufacturers, economic reforms and political stability are the major driving factors for the growth of the market.

The automotive industry of the Asia Pacific region has seen a high growth over the last few years which acts as a key factor for the growth of the market. For instance, Asian companies have improved manufacturing processes and this made the Asia Pacific as a major hub for market growth. China, Japan, and South Korea already have developed the automobile industry and increasingly venturing into electric vehicles technologies, which will further drive the demand for the precipitated silica market.

Competitive Landscape

The Precipitated Silica market is competitive with many players in the market. Some of the major players include W.R. Grace & Co, Huber Engineered Materials, Solvay S.A., Anten Chemical Co., Ltd, PQ Corporation, Oriental Silicas Corporation, Madhu Silica Pvt Ltd, PPG Industries, Inc, Tosoh Silica Corporation and Evonik Industries AG.

The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions which are contributing to the growth of the Precipitated Silica Market. In August 2019, Evonik Business Line Silica launches new specialty product, SPHERILEX 145, for the oral care industry. In June 2018, Tata Chemicals Ltd. announced that it completed the previously announced acquisition of Allied Silica Ltd.'s precipitated silica business for 1.23 billion Indian rupees.

W.R. Grace & Company

Overview: W. R. Grace and Company is an American chemical business

Product Portfolio: The main product of the company is specialty chemical products for pharmaceutical, energy and automotive industries.

Key Developments: In June 2021, W. R. Grace & Co. completed the acquisition of the Fine Chemistry Services business of Albemarle Corporation. It will help the company to deepen its position in high growth pharma markets such as oncology, diabetes, cardiovascular, etc.

Why Purchase the Report?

  • Visualize the composition of the precipitated silica in terms of various types of applications, end-user industries and their process highlighting the key commercial assets and players.
  • Identify commercial opportunities in the precipitated silica market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of precipitated silica market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The Precipitated Silica report would provide access to an approx., 61 data tables, 57 figures, and 195 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

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