Precipitated Silica Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Precipitated Silica Market is segmented by End-user Industry (Agriculture, Cosmetics, Automobile, Electronics, and Other End-user Industries), and Geography (Asia-pacific, North America, Europe, South America, and Middle East & Africa). The report offers market size and forecasts for Precipitated Silica in volume (kilo tons) for all the above segments.

Market Snapshot

Precipitated Silica Market Overview
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: >4 %
Precipitated Silica Market Major Players

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Market Overview

The Global Precipitated Silica Market is projected to register a CAGR of more than 4% during the forecast period (2022-2027). Unfavourable conditions arising due to the COVID-19 outbreak hindered the growth of the market in the past year, but it has recovered, and the market is growing constantly.

  • The demand for precipitated silica surged due to the increase in the automobile tire industry across the world. The increasing usage of high-quality precipitated silica is expected to drive the market during the forecast period.
  • On the flip side, stringent environmental regulations are expected to hinder the growth of the market.
  • The rising demand for precipitated silica from rubber, agrochemicals, and oral care industries is projected to act as an opportunity for the market in future.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Scope of the Report

Precipitated silica is produced by the controlled neutralization of dilute sodium silicate (water glass) by either concentrated sulfuric, hydrochloric, or carbonic acids. The precipitated silica market is segmented by end-user industry and geography. By end-user industry, it is segmented into agriculture, cosmetics, automobile, electronics, and other end-user industries. The report also covers the market sizes and forecasts for Precipitated Silica Market in 15 countries across the major region. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).

End-user Industry
Agriculture
Cosmetics
Automotive
Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa

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Key Market Trends

Automobile Industry is Anticipated to Dominate the Market

  • Increasing utilization of precipitated silica in tires to enhance tire tread wear resistance and adhesion is the major factor driving the market growth.
  • Precipitated silica is largely used by tire manufacturers to provide performance in wet weather conditions. It is utilized to give flexibility by accumulating low heat. In tires, precipitated silica improves physical & dynamic properties such as tensile strength, abrasion resistance, tear resistance, wet grip etc.
  • The production of automotive is increasing all around the globe. According to OICA, ~ 80 million motor vehicles were produced all around the globe in 2021, which is ~3% more than in 2020. Thus, increasing automobile production increases the demand for tires which in turn increases the consumption of precipitated silica.
  • China contributes to more than 40% of the global tire production. In 2021, the tire production volume has reached almost 900 million units, a significant growth from 807.47 million units in 2020. 
  • The United States represents one of the largest and the most advanced tire markets in the world. According to the United States Tire Manufacturers Association (USTMA), total tire shipments in the United States has reached more than 336 million units in 2021, up from 303.2 million units in 2020.
  • Countries such as Japan, Europe, United States, South Korea and Brazil have enacted, or are in the process of developing, new regulations requiring labels for tires. In order to comply with these new regulations, a technological change is required in place of carbon black, which can be possible by highly dispersible precipitated silica.
  • All the aforementioned factors are expected to drive the global market during the forecast period.
Precipitated Silica Market Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market. China and India are among the major and fastest growing markets for precipitated silica market in the region.
  • According to the China Rubber Industry Association (CRIA), China is projected to produce 704 million tires per year by 2025, including 527 million passenger radial tires, 148 million truck/bus radial tires, 29 million bias truck tires, 20,000 extra-large industrial tires, 12 million agricultural tires, and 54,000 aircraft tires. In addition, China will produce 120.7 million motorcycle tires and 420 million bicycle tires annually by 2025. 
  • At present, India has the world's fifth-largest passenger car market, the world's largest motorcycle market, and the world's third-largest commercial vehicle market. On Indian highways, there are more than 250 million scooters/motorcycles, 40 million cars, and 10 million commercial vehicles. This huge fleet can be translated into immense demand for precipitated silican in tire applications.
  • Furthermore, in the agriculture sector, precipitated silica is used in pesticides, insecticides, and herbicides as the particle size are too fine and an anti-caking agent for powders due to its high adsorptive power.
  • Agriculture is the primary source of livelihood for about ~58% of India’s population. According to the World Trade Centre, India can be among the top five exporters of agro commodities by shifting its focus on cultivation and effectively handholding farmers. The total agricultural and allied products exports stood at USD 41.25 billion in FY21.
  • China, a big agricultural country endowed with rich agricultural resources, has a long history of farming and the tradition of intensive cultivation as well as a huge rural population.
  • Due to all the above-mentioned factors, the Asia-Pacific region is expected to see an increase in demand during the forecast period.
Precipitated Silica Market Growth Rate

Competitive Landscape

The precipitated silica market is consolidated in nature. Some of the major players in the market include (not in any particular order) Evonik Industries AG, Solvay, PPG Industries Inc., Madhu Silica Pvt. Ltd., and QUECHEN among others.

Recent Development

  • In October 2021, PPG Industries Inc. has entered into a strategic agreement with Oriental Silicas Corporation (OSC). OSC of Greater China is the sales representative for select grades of PPG silica products used by tire manufacturers in the Asia-Pacific region. This helped the company to expand service capabilities and introduce innovative products in the Asia-Pacific market for new and existing tire customers.
  • In May 2021, Evonik Industries has developed a new, active filler for the tire industry, Ultrasil 4000 GR, that significantly improves the traction of winter tires in snowy and slushy conditions, thereby increasing safety.
  • In March 2021, Bridgestone, ARLANXEO and Solvay, have announced the launch of TECHSYN, a new, co-developed tire technology platform enabling tires to deliver unrivalled strength and environmental performance.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Automotive Industry

      2. 4.1.2 Others

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 End-user Industry

      1. 5.1.1 Agriculture

      2. 5.1.2 Cosmetics

      3. 5.1.3 Automotive

      4. 5.1.4 Electronics

      5. 5.1.5 Other End-user Industries

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) **/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AMS Applied Material Solutions

      2. 6.4.2 Anten Chemical Co.,Ltd.

      3. 6.4.3 Covia Holdings LLC.

      4. 6.4.4 Denka Company Limited

      5. 6.4.5 Evonik Industries AG

      6. 6.4.6 Madhu Silica Pvt. Ltd.

      7. 6.4.7 PPG Industries Inc.

      8. 6.4.8 QUECHEN

      9. 6.4.9 Solvay

      10. 6.4.10 Tosoh Silica Corporation

      11. 6.4.11 W. R. Grace & Co.-Conn.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Rising Demand from Rubber, Agrochemicals, and Oral Care Industries

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Precipitated Silica Market market is studied from 2017 - 2027.

The Precipitated Silica Market is growing at a CAGR of >4% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Evonik Industries AG, Solvay, PPG Industries Inc., Madhu Silica Pvt. Ltd., QUECHEN are the major companies operating in Precipitated Silica Market.

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