Precipitated silica is a form of synthetic amorphous silicon dioxide obtained by chemical precipitation from silicate solutions. It has a fluffy and porous structure with high oil absorption capabilities, chemical inertness and reinforcing properties. These advantages have increased its demand in applications such as automotive tire manufacturing, shoe soles, children's toys, sealant tapes and medical devices.
The Global Precipitated Silica Market is estimated to be valued at US$ 3.25 Bn in 2024 and is expected to exhibit a CAGR of 5.0% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Precipitated Silica are Evonik Industries AG, Oriental Silicas Corporation, Huber Engineered Materials, PPG Industries, Inc, MLA Group, Solvay S.A, Anmol Chemicals Group, Supersil Chemicals (I) Pvt. Ltd, Anten Chemical Co. Ltd., PQ Corporation, W.R. Grace Co., Madhu Silica Pvt. Ltd., QUECHEN, AMS Applied Material Solutions, Covia Holdings LLC., Denka Company Limited.
The growing demand from rubber industries is a major factor driving the Precipitated Silica Market Growth. Precipitated silica has numerous applications in the tire, footwear, and other rubber goods manufacturing industries owing to its reinforcing abilities. It improves the strength and abrasion resistance of tires and prevents prematurewear and tear.
The market is also witnessing an expansion in emerging economies due to rising disposable income levels and growing vehicles ownership. China, India, Thailand, Malaysia and Indonesia are experiencing rapid industrialization which is propelling the demand for precipitated silica across various end-use industries. Additionally, increasing construction activities is also boosting the consumption of precipitated silica in sealant tapes, concrete admixtures and fillers.
Market Drivers
One of the key drivers of precipitated silica is its extensive usage in the automotive tire industry as a reinforcing filler and processing agent. It provides better handling, fuel efficiency and safety to tires due to qualities like low rolling resistance, high traction and improved wet grip. The ever-growing automobile sector is leading to rising demand for new replacement tires which is propelling the need for precipitated silica. According to various reports, over 1 billion new tires are sold globally each year, fuelling opportunities for precipitated silica manufacturers.
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