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Precipitated Silica Market size is estimated to grow significantly between 2023 and 2032 driven by the increasing product demand in food, agrochemicals, oral care, and other areas.
The need to boost agricultural yield 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 of oral hygiene will foster the market outlook.
The growing product application across the rubber, plastic, paints & coatings, and other sectors is expected to present many growth opportunities for firms in the precipitated silica market. 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. However, the surging raw material prices and the disruptions in the supply chain caused by the rising inflation rate globally and the Russia-Ukraine war is likely to impede business growth.
Considering the application landscape, the food sector is likely to hold a notable share of the precipitated silica market. In food processing, the product is generally used as an anticaking agent in edible salts and powdered food products 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.
As per end-use, the rising demand for precipitated silica in the cosmetics industry is expected to drive segment growth from 2023 to 2032. Due to its capacity to act as an anti-caking agent, suspending agent, bulking agent, and opacifying agent, precipitated silica is utilized as an absorbent and thickening ingredient in cosmetics and personal care products. Additionally, because of its amorphous form and better spreadability, precipitated silica is often used in blushes, compact powders, and sunscreens. As a result, the global cosmetics and personal care sector is likely to contribute significantly to segment growth.
In the geographical outlook, the North America precipitated silica market is expected to experience commendable growth through 2032. The presence of major automakers in the region and the rise in automotive production will present promising opportunities to 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 focus on oral health, the increasing occurrence of oral health problems, and the massive geriatric population base will bolster the regional industry expansion through 2032.
Some of the major players in global global precipitated silica market are Solvay SA, PQ Corporation, W.R. Grace & Co., Evonik Industries, PPG Industries, Huber Engineered Materials, Madhu Silica Pvt. Ltd., Tosoh Silica Corporation, and others.