Precipitated Silica Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Report Covers Global Precipitated Silica Manufacturers and 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 the Middle-East & and Africa). The market size and forecasts for Precipitated Silica are provided in terms of volume (kilo tons) for all the above segments.

Precipitated Silica Market Size

Precipitated Silica Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Precipitated Silica Market

*Disclaimer: Major Players sorted in no particular order

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Precipitated Silica Market Analysis

The global precipitated silica market is projected to register a CAGR of more than 4% during the forecast period (2022-2027). Unfavorable conditions arising due to the COVID-19 outbreak hindered the market's growth in the past year, but it has recovered, and the market is constantly growing.

The demand for precipitated silica surged due to the growth of 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 the future.

The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Precipitated Silica Market Trends

This section covers the major market trends shaping the Precipitated Silica Market according to our research experts:

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.

Tire manufacturers largely use precipitated silica 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 automobiles 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, rising automobile production increases the demand for tires, which in turn increases the consumption of precipitated silica.

China contributes to more than 40% of global tire production. In 2021, the tire production volume reached almost 900 million units, a significant growth from 807.47 million units in 2020.

The United States represents one of the largest and most advanced tire markets in the world. According to the United States Tire Manufacturers Association (USTMA), total tire shipments in the United States reached more than 336 million units in 2021, up from 303.2 million units in 2020.

Countries such as Japan, Europe, the 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 an immense demand for precipitated silica in tire applications.

Furthermore, in the agriculture sector, precipitated silica is used in pesticides, insecticides, and herbicides as the particle size is too fine, and as 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

Precipitated Silica Industry Overview

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.

Precipitated Silica Market Leaders

  1. Evonik Industries AG

  2. Solvay

  3. PPG Industries Inc.

  4. Madhu Silica Pvt. Ltd.

  5. QUECHEN

*Disclaimer: Major Players sorted in no particular order

Evonik Industries AG, Solvay, PPG Industries Inc., Madhu Silica Pvt. Ltd., QUECHEN
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Precipitated Silica Market News

  • In October 2021, PPG Industries Inc. 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 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 announced the launch of TECHSYN, a new, co-developed tire technology platform enabling tires to deliver unrivaled strength and environmental performance.

Precipitated Silica Market Report - 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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Precipitated Silica Industry Segmentation

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 sizes and forecasts for the 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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Precipitated Silica Market Research FAQs

The Precipitated Silica Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

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

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Precipitated Silica Market.

The report covers the Precipitated Silica Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Precipitated Silica Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Precipitated Silica Industry Report

Statistics for the 2024 Precipitated Silica market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Precipitated Silica analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Precipitated Silica Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)