Increased demand for rubber, agrochemicals, and dental care will propel the global precipitated silica (SiO2) market to expand at an amazing development rate of more than 8.8% between 2022 and 2032. Because it is inert, non-toxic, and chemically balanced, this synthetic form of amorphous silicon dioxide enables the tweaking of its properties to suit a variety of end-use industrial verticals.
The market for Versatile Precipitated Silica is to Grow to $7.6 Billion by 2029. Precipitated silica is witnessing increased traction from various end-use industries such as automobiles, cosmetics, construction, electronics, and agriculture. Investment in infrastructure, coupled with increasing disposable income will further the demand for precipitated silica used in manufacturing paints, coatings, cosmetics, and oral care products.
Market players are focusing on capacity expansion and product innovation to exploit the versatility of precipitated silica (SiO2). Developing regions of the world are expected to lead demand generation by the end of the forecast period.
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Key Takeaways of Precipitated Silica Market Study
- Cosmetics leads end-use industries in terms of demand generation with a market share of more than 21%.
- Electronic end-uses present the most lucrative growth opportunities with a growth-wise market share of more than 19% during the forecast period.
- Rubber will lead segmentation based on application type, on the back of surging demand for green tires from the automotive industry.
- Precipitated silica products have found immense utilization in personal care, particularly in oral care products that treat tooth sensitivity. This segment is expected to provide remunerative opportunities.
- North America is leading with a market share of more than 29% followed by Latin America which garners a market share of 23%.
- Japan proves to be the future frontier for precipitated silica manufacturers with an astounding growth rate of more than 13% throughout the forecast period.
“Precipitated silica will witness exponential growth on back of surging infrastructure and automotive demand in developing economies. Manufacturers stand to gain from research and development into innovative applications of the product. Major players are making an effort to establish market dominance by investing in capacity expansion.”–FMI Analyst
Rubber Industry to Increase Market Demand
Propelling mass adoption of precipitated silica, the rubber industry will influence growth trends during the forecast period. This is attributed to the beneficial applications of precipitated silica in increasing road grip and reducing rolling friction. Promoting fuel efficiency, precipitated silica-induced tires are referred to as green tires.
Green tires have garnered increasing traction on the back of eco-friendly production trends in the automotive industry. Consumer trends such as an increase in disposable income and awareness of skin-friendly cosmetics will generate demand from the cosmetics end-use industry. Oral care is another lucrative opportunity that market players are capitalizing on with the help of research and development in medical applications.
Who is Winning?
The global precipitated silica market is fragmented. Major players in the market are investing in capacity expansion and innovative production processes. Important market players that shape the precipitated silica market are Evonik Industries AG, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation, Solvay SA, Huber Engineered Materials, and Oriental Silica Corporation.
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Precipitated Silica Market Segmentation
The global Precipitated Silica market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By End–Use Industry
- Automobiles
- Cosmetics
- Electronics
- Agriculture
- Others
By Application
- Rubber
- Personal Care
- Fishing Boats
- Food
- Coating & Inks
- Adhesives & Sealants
- Others
Region
- North America
- Latin America
- Europe
- APEJ
- Japan
- Oceania
- Middle East & Africa
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Want to Know More?
Future Market Insights has published a market research report on the precipitated silica market, which contains a global industry analysis of 2014–2018 and an opportunity assessment for 2019–2029. This report provides an unbiased analysis of the precipitated silica market through three different segments – end-use industry, application type, and region.
The precipitated silica market report also provides demand trends and opportunities of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.
Explore FMI’s Extensive Ongoing Coverage in the Chemicals & Materials Domain
Pyrogenic Silica Market: The global pyrogenic silica market garnered a market value of US$ 379 Million in 2022 and is expected to accumulate a market value of US$ 623.3 Million by registering a CAGR of 5.1% in the forecast period 2022-2032.
Specialty Silica Market: Specialty silica also finds applications in electrical & electronics, personal care, food & beverages, agricultural and feed, inks & coatings amongst others. Eventually, growth in the rubber industry leads to remunerative growth in the demand for specialty silica.
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