What Has Been The Evolution of the Precipitated Silica Market in Recent Years?
The precipitated silica market has seen considerable growth due to a variety of factors.
• In recent years, there has been significant growth in the size of the precipitated silica market. The market, which was valued at $2.84 billion in 2024, is projected to rise to $3.1 billion in 2025, representing a compound annual growth rate (CAGR) of 9.0%.
This upward trend during the historic period stems from several factors, such as growing consumer usage in glassmaking applications, heightened investments in research and development, expanded use in the electronics sector, escalating recycling and waste management efforts, and a surge in e-commerce platform use.
What Are the Future Growth Projections for the Precipitated Silica Market?
The precipitated silica market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated robust expansion is expected in the precipitated silica market over the next few years, with an estimated size of $4.31 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.6%.
Various factors contributing to this growth in the projected period include a resurgence in infrastructure development, an upsurge in construction and infrastructure activities, sustainability and eco-friendly initiatives, increased consumer awareness and preferences, and expansion in the agriculture sector. The forecast period is also likely to witness key trends such as the production of nanometer-sized silica particles, improved dispersibility and functionality, advancement in testing and analytical techniques, the rise of hybrid silica products, and the introduction of water-based silica products.
What Are The Core Factors Supporting Growth In The Precipitated Silica Market?
The precipitated silica market's expansion is expected to be fueled by the growing production of automotive tires. These are rubber casings fitted on wheel rims that serve to provide traction, absorb the shock of road bumps, and support the vehicle's mass. The production of automotive tires is surging, mainly due to an escalating demand for vehicles, especially in rapidly developing regions. Precipitated silica intensifies tire performance by augmenting fuel efficiency, strengthening traction, and reducing rolling resistance, therefore, facilitating the production of more durable tires. For example, a report by Statistics Canada, a national statistical agency based in Canada, mentioned in June 2024, that the total number of registered road motor vehicles in Canada during 2022 was 26.3 million—a minor growth of 0.3% relative to 2021. Consequently, the mounting production of automotive tires is instigating the expansion of the precipitated silica market.
What Are The Major Segments Within The Global Precipitated Silica Market?
The precipitated silica market covered in this report is segmented –
1) By Type: Fine Powder, Ultrafine Powder, Microbeads, Lumpy
2) By Grade: Rubber Grade, Food Grade, Industrial Grade, Cosmetic Grade
3) By Process: Wet Process, Dry Process
4) By Application: Additives, Free-Flow And Carrying Agents, Thickening Agents, Anti-Caking Agents, Battery Separators, Other Applications
5) By End-Use Industry: Rubber Industry, Food And Feed, Paints And Coatings, Adhesives And Sealants, Automobile, Personal Care And Cosmetics, Electronics, Agriculture, Other End-Use Industries
Subsegments:
1) By Fine Powder: Standard Fine Powder Silica, Modified Fine Powder Silica
2) By Ultrafine Powder: Ultra-Pure Ultrafine Powder Silica, Functionalized Ultrafine Powder Silica
3) By Microbeads: Standard Microbeads, Coated Microbeads
4) By Lumpy: Lumpy Precipitated Silica, Granular Lumpy Silica
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What New Trends Are Influencing The Precipitated Silica Market?
Leading firms engaged in the precipitated silica market are innovating and producing advanced products like circular silica to promote sustainability and cater to the increasing demand for environmentally-friendly products from consumers. The term circular silica is used to describe a cycle-like silicate structure where silicon-oxygen tetrahedra combine to create annular formations. For example, Solvay S.A., a chemical company based in Belgium, introduced a bio-circular highly dispersible silica (HDS) product in Europe, specifically at its Livorno location in Italy, in January 2023. This product, derived from bio-based sodium silicate made from rice husk ash, offers a sustainable and circular approach to silica production. The production of this HDS is slated to start in late 2024, with Solvay planning a gradual phasing out of its current Zeosil range in favor of the new circular HDS. This change will enable tire manufacturers to increase their use of sustainable materials and decrease their carbon emissions by 50% per tonne of silica produced. This move goes hand in hand with Solvay's pledge towards carbon neutrality and further establishes its front-runner status in providing green solutions for a variety of industries.
Who Are the Key Players In The Precipitated Silica Market?
Major companies operating in the precipitated silica market are:
• Pittsburgh Plate Glass Industries Inc.
• Evonik Industries AG
• Solvay S.A.
• Imerys S.A.
• Tata Chemicals Limited
• Sibelco Group
• PQ Corporation
• IQE Group
• AMS Applied Material Solutions
• MLA Group of Industries
• Jinsha Chemical Plant
• Oriental Silicas Corporation
• Anmol Chemicals Group
• Anten Chemical Co Ltd.
• Gujarat Multi-Gas Base Chemicals Private Limited
• Supersil Chemicals (India) Private Limited
• Quechen Silicon Chemical Co Ltd.
• Prakash Chemicals International Private Ltd.
• Agile Nobel Inc.
• Madhu Silica Pvt. Ltd.
• Tochu Corporation
• PAR Drugs and Chemicals Limited
What Is The Most Dominant Region In The Precipitated Silica Market?
North America was the largest region in the precipitation silica market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the precipitated silica market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
