Precipitated Silica Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI3607




Summary Methodology

Precipitated Silica Market growth during the forecast period 2021-2027 will be primarily driven by the consistent product demand in food, agrochemicals, oral care, and other areas. The need to boost agricultural yield in order to meet the global food demand is augmenting the consumption of agrochemicals globally. Meanwhile, the consumption of processed food is increasing owing to lifestyle changes of consumers. The aforementioned factors along with the increasing consumer awareness towards oral hygiene will positively influence the market forecast.
 

The growing application across rubber, plastic, paints & coatings, and other sectors will also create tremendous growth opportunities for the precipitated silica industry. The automotive and construction sectors are among the major end-users of plastics, rubber, and different types of paints and coatings. Consequently, the expansion of these sectors, particularly in emerging Asia Pacific countries, will benefit precipitated silica providers immensely.         
 

Considering the application landscape, the food sector is likely to hold a notable share of the precipitated silica market through 2027. In food processing, the product is generally used as an anticaking agent in edible salts and powered food products. this is owing to its high absorption capacity and purity. The substance helps enhance the consistency and optimize the flow characteristics of food products. Due to the changing lifestyles of consumers, the growth in urbanization, and demographic changes, the consumption of processed foods has increased significantly over the years. The demand for anticaking and thickening agents in food processing will boost the demand for precipitated silica in the future.
 

In terms of the geographical outlook, the North America precipitated silica industry is expected to experience commendable growth throughout the analysis period 2021-2027. The presence of major automakers in the region and the rise in automotive production will present promising opportunities to the regional manufacturers. The automotive sector is a major end-user of rubber, plastics, and paints & coatings, all of which require precipitated silica during manufacturing. In addition, the rising consumer awareness towards oral health, the increasing occurrence of oral health problems, and a massive geriatric population base will bolster the regional industry outlook.
 

PPG Industries, Solvay SA, Evonik Industries, Huber Engineered Materials, Tosoh Silica Corporation, Madhu Silica Pvt. Ltd., PQ Corporation, and W.R. Grace & Co. are some of the prominent players involved in the precipitated silica business. R&D and product innovation are among the major priorities among manufacturers as they look to strengthen their foothold in the global market. Evonik Industries, in May 2021, had designed a new, active filler called Ultrasil 4000 GR using low-surface-area (LSA) silica for the rubber and tire industry. According to the company, the filler can significantly enhance the traction of winter tires in snowy conditions owing to its exceptional dispersibility.
 

How has COVID-19 impacted precipitated silica demand?

Due to the impacts caused by the COVID-19 pandemic, the precipitated silica industry has witnessed a significant decline in demand. One of the major consequences of the crisis has been the disturbances in supply chain management as well as the transportation of goods. Paints & coatings, plastics, and rubber have experienced a weakened demand due to the temporary suspension of automotive production and construction activities. Additionally, the changing consumer perception during the pandemic has caused major shift in their purchasing decision, leading to a decreased consumption of certain types of processed foods. Nonetheless, the precipitated silica market is likely to witness a strong recovery and plenty of opportunities in the post-pandemic period.
 


What Information does this report contain?

Historical data coverage: 2016 to 2020; Growth Projections: 2021 to 2027.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

 Connect with our sales team

Chat with us
We use cookies to enhance user experience. (Privacy Policy) X