USD 2.16 billion
Precipitated Silica Market Size, Share, Growth Analysis, By Type(Standard Grade, Silane Treated Grade, High Purity Grade, and Ultrafine Grade), By Application(Rubber, Oral Care, Food, and Coatings), By End-user(Automotive, Personal Care & Cosmetics, Food & Beverage, Agriculture), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15H2042 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
94
|Figures:
76
Precipitated Silica Market Insights
Global Precipitated Silica Market size was valued at USD 2.16 billion in 2022 and is poised to grow from USD 2.32 billion in 2023 to USD 4.04 billion by 2031, growing at a CAGR of 7.20% during the forecast period (2024-2031).
The growth of the global precipitated silica market is primarily attributed to the increasing demand from the rubber, agrochemicals, and oral care industries. The dominant application of precipitated silica is in the manufacturing of tires, thus making the market highly influenced by the dynamics of the global automotive industry. With the rise in disposable income in the Asia Pacific region, there has been a substantial increase in automobile production, making it a significant market for precipitated silica. Moreover, the demand for fuel-efficient tires is on the rise, driven by efforts to reduce automotive fuel consumption and promote vehicle electrification. Governments worldwide are implementing policies to encourage the use of fuel-efficient tires, exemplified by the Indian government's announcement of a new star rating rule for the tire industry. The growing production of electric vehicles (EVs) presents a lucrative opportunity for the precipitated silica market. In the first quarter of 2022, global EV sales reached 2 million units, indicating a positive impact on the demand for precipitated silica. Major automotive companies, such as Honda and Volkswagen, have announced plans to establish EV production plants, further bolstering the market. Tire manufacturers are actively investing in the development of sustainable and fuel-efficient tires. For instance, Goodyear has made a commitment to create a tire composed entirely of sustainable materials and to develop sustainable carbon black, which offers reduced carbon emissions and enhanced performance.
US Precipitated Silica Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Standard Grade
Fastest Growth
Standard Grade
Growth Rate
7.20% CAGR
Global Precipitated Silica Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Precipitated Silica Market Segmental Analysis
The Global Precipitated Silica Market is segmented by type, application, end-user and region. Based on type, the market can be segmented into standard grade, silane treated grade, high purity grade, and ultrafine grade. Based on application, the market is segmented into rubber, oral care, food, and coatings. Based on end-user, the market is segmented into automotive, personal care & cosmetics, food & beverage, agriculture, and construction. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Precipitated Silica Market Analysis by Type
By type, the market can be segmented into standard grade, silane treated grade, high purity grade, and ultrafine grade. The standard grade segment is the dominating segment in the precipitated silica market. Standard grade precipitated silica products are widely used across various industries due to their balanced performance and cost-effectiveness. This segment caters to a broad range of applications, including rubber, coatings, food, oral care, personal care, and agriculture. The demand for standard grade precipitated silica is primarily driven by its versatile nature and ability to enhance product properties such as reinforcement, abrasion resistance, anti-caking, and absorption. Manufacturers and end-users prefer standard grade precipitated silica due to its reliable performance and competitive pricing, making it the go-to choose in many applications.
The silane treated grade segment is the fastest growing segment in the precipitated silica market. Silane treated precipitated silica offers enhanced dispersion, compatibility, and reinforcement properties, making it ideal for demanding applications in industries such as rubber, coatings, and adhesives. Silane treatment involves the surface modification of precipitated silica particles with organosilane compounds, which improves their interaction with polymers and other ingredients. This results in improved mechanical properties, better adhesion, and increased product performance. The growing demand for high-performance rubber compounds, advanced coatings, and adhesive formulations is driving the adoption of silane treated precipitated silica. Additionally, the increasing focus on sustainability and environmental friendliness in various industries further supports the growth of this segment, as silane treatment can enable the use of lower silica loading levels while maintaining desired performance, thus reducing overall material consumption and environmental impact.
Precipitated Silica Market Analysis by Application
By application, the market can be segmented into rubber, oral care, food, and coatings. The rubber segment is the dominating segment in the precipitated silica market. Precipitated silica is widely used as a reinforcing filler in the rubber industry, offering improved tear strength, abrasion resistance, and grip properties. In rubber applications such as tires, belts, hoses, and various rubber components, precipitated silica helps enhance performance, durability, and overall product quality. The demand for precipitated silica in the rubber industry is driven by the growth of the automotive sector, increasing tire production, and the need for high-performance rubber compounds. Manufacturers in the rubber industry prefer precipitated silica due to its excellent reinforcement capabilities and cost-effectiveness compared to other fillers, making it the dominant application segment in the precipitated silica market.
The oral care segment is the fastest growing segment in the precipitated silica market. Precipitated silica is widely used in toothpaste formulations as a cleaning and polishing agent. Its abrasive nature allows for effective removal of plaque, stains, and food particles, contributing to improved oral hygiene and freshness. The oral care segment is witnessing significant growth due to increasing awareness of dental health, rising disposable incomes, and the introduction of innovative oral care products. Additionally, the demand for natural and eco-friendly toothpaste formulations has driven the adoption of precipitated silica as a preferred alternative to synthetic abrasives. The growing focus on oral health and hygiene, coupled with the development of advanced oral care products, is fueling the expansion of the precipitated silica market in the oral care segment.
Global Precipitated Silica Market By type
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Precipitated Silica Market Regional Insights
The Asia Pacific region dominated the global precipitated silica market. It holds the largest market share and is a significant producer of automobiles worldwide. The region's dominance can be attributed to the rapid industrialization, economic growth, and increasing disposable income levels in countries such as China and India. The rising demand for precipitated silica in various industries, including rubber, agrochemicals, and oral care, is driving the market growth in this region. Moreover, the presence of major tire manufacturing companies and the continuous expansion of the automotive sector contribute to the dominance of the Asia Pacific region in the precipitated silica market.
North America is expected to be the fastest growing region in the global precipitated silica market. The region is witnessing a surge in demand for precipitated silica due to several factors. One of the key factors is the growing focus on sustainability and environmental regulations. There is a rising demand for eco-friendly and fuel-efficient tires in the region, which drives the need for precipitated silica. Additionally, the increasing production and sales of electric vehicles (EVs) in North America create opportunities for the precipitated silica market, as it is used in the manufacturing of EV tires. The presence of major automotive manufacturers and tire companies investing in research and development further supports the growth of the precipitated silica market in this region.
Global Precipitated Silica Market By Region
- Largest
- Fastest
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Precipitated Silica Market Dynamics
Precipitated Silica Market Drivers
Increasing demand for fuel-efficient tires
- One key driver of the global precipitated silica market is the increasing demand for fuel-efficient tires. As governments worldwide implement policies to reduce automotive fuel consumption and promote sustainability, there is a growing emphasis on developing tires that offer improved fuel efficiency. Precipitated silica is a crucial component in the manufacturing of fuel-efficient tires, as it enhances traction, reduces rolling resistance, and improves overall tire performance. This driver is propelling the demand for precipitated silica in the market.
Precipitated Silica Market Restraints
Volatility of raw material prices
- One significant restraint in the global precipitated silica market is the volatility of raw material prices. The production of precipitated silica requires specific raw materials, such as sodium silicate and sulfuric acid. Fluctuations in the prices of these raw materials can significantly impact the overall production costs, thereby affecting the profitability of manufacturers. Moreover, limited availability of high-quality raw materials can create supply chain challenges and hinder the market growth. The instability and unpredictability of raw material prices pose a significant restraint to the global precipitated silica market.
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Precipitated Silica Market Competitive Landscape
The global precipitated silica market is characterized by a significant number of manufacturers and suppliers. These companies are actively engaged in product development, strategic partnerships, and technological advancements to gain a competitive edge. Market players focus on expanding their production capacities, enhancing product quality, and catering to the diverse needs of end-use industries. Additionally, companies strive to maintain strong distribution networks and establish a global presence. The competitive landscape is driven by factors such as innovation, pricing strategies, and customer-centric approaches, contributing to intense competition within the market.
Precipitated Silica Market Top Player’s Company Profiles
- Solvay SA (Belgium)
- Huber Engineered Materials (US)
- Oriental Silicas Corporation (Taiwan)
- Tosoh Corporation (Japan)
- Madhu Silica Pvt. Ltd. (India)
- PQ Corporation (US)
- Akzo Nobel N.V. (Netherlands)
- Nippon Aerosil Co., Ltd. (Japan)
- Gujarat Multi-Gas Base Chemicals Pvt. Ltd. (India)
- Solvay (US)
- Shandong Link Silica Co., Ltd. (China)
- Imerys SA (France)
- Rhodia (France)
- Cabot Corporation (US)
- Tokuyama Corporation (Japan)
- Wacker Chemie AG (Germany)
- Henan Xunyu Chemical Co., Ltd. (China)
Precipitated Silica Market Recent Developments
- In June 2023, Cabot Corporation announced a significant investment in a new production facility for fumed and precipitated silica in South Korea, aiming to meet the growing demand in the Asia Pacific region.
- In April 2023, Evonik Industries announced the launch of a new range of hydrophobic precipitated silica products, SIPERNAT 500 LS, specifically designed for use in the battery industry to enhance performance and safety.
- In February 2023, PPG Industries announced a collaboration with a leading automotive manufacturer to develop a next-generation tire tread compound using advanced precipitated silica technology for improved fuel efficiency.
- In January 2023, Huber Engineered Materials announced a partnership with Omya, a leading global producer of industrial minerals, to develop and market specialty precipitated silica products for various applications.
- In September 2022, Evonik Industries launched a new grade of precipitated silica, AEROSIL Fumed Silica R 208, designed for use in the printing ink industry to improve rheological properties and color consistency.
Precipitated Silica Key Market Trends
- One key market trend in the global precipitated silica market is the increasing focus on sustainable and eco-friendly products. With growing environmental concerns, consumers and industries are prioritizing products that have a reduced carbon footprint and promote sustainability. In response, manufacturers are developing precipitated silica with improved sustainability attributes, such as lower energy consumption during production and enhanced recyclability. This trend aligns with the broader shift towards sustainable practices across various industries and presents opportunities for market players to meet the rising demand for environmentally friendly precipitated silica products.
Precipitated Silica Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global precipitated silica market analysis, the market is witnessing significant growth driven by the rising demand from industries such as rubber, agrochemicals, and oral care. The dominance of the Asia Pacific region, particularly due to its booming automotive industry and tire manufacturing sector, contributes to the market's success. Additionally, the market is experiencing a boost from the increasing demand for fuel-efficient tires and the growing production of electric vehicles. However, the volatility of raw material prices poses a restraint to market growth. The competitive landscape is characterized by intense competition, with companies focusing on innovation and strategic partnerships to stay ahead. The trend towards sustainable and eco-friendly products further shapes the market's trajectory.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.16 billion |
| Market size value in 2031 | USD 4.04 billion |
| Growth Rate | 7.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Precipitated Silica Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Precipitated Silica Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Precipitated Silica Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Precipitated Silica Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Precipitated Silica Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Precipitated Silica Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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