Precipitated Silica Market Is Expected To Witness Substantial Growth By 2024: Hexa Reports

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The product has extensive use in tire industry as it augments grips and reduces the tire rolling resistance. Also, the compound is chiefly used in rubber silicon components for oil seals, rice rollers and rubber belts.

Precipitated silica is a form of silica produced by precipitation from a solution consisting salts. The market is estimated attain momentous gains over the forecast period. Also, its intense usage in oral care, rubber and packaging applications will attribute in market growth. Expanding use of the product in rubber sector will significantly drive the market demand. Additionally, properties such as high tensile strength and abrasion resistance are contributing in market growth.

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The product has extensive use in tire industry as it augments grips and reduces the tire rolling resistance. Also, the compound is chiefly used in rubber silicon components for oil seals, rice rollers and rubber belts; hence, it enhances wear resistance and abrasion.

Precipitated silica is also used as thickeners and abrasive cleaners due to highest fluoride compatibility. Furthermore, it finds application in formulations owing to its cleaning and whitening properties. The compound aid in decreasing tooth sensitivity and maximize fluoride compatibility.

The global market is fragmented as per applications and regions. The applications include oral care, rubber, food industry, agro-chemicals and others. Oral care accounted for a considerable share in 2014. Rising use of the compound in toothpaste sector is likely to supplement the demand further.

Rubber application will experience significant growth in the near future. The segment is expanding at a healthy CAGR of the entire volume share from 2015 to 2022. Increasing use of precipitated silica in PVC sheets, shoe soles, rice rollers and transmission belts will attribute in market penetration. The compound acts as carriers for free flowing and anti-ageing agents when used in industrial and agro-chemical applications.

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Region wise, the market is split into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America accounted for significant demand in 2014. Also, increasing use of product in food industry will propel the market demand. Its properties like high purity and superior absorption will contribute in food industry augmentation. Automated dosing of preservatives, fruit extracts and vegetables helps the compound to acquire enhanced product consistency.

Asia Pacific rubber market will possibly experience considerable growth owing to growing industrialization in the region. Also existence of large & small scale industries coupled with increasing capital markets is ascribed to regional growth.
Prominent players in global precipitated silica market consist of PQ Corporation, Evonik Industries, Kadvani Chemicals Pvt. Ltd and, Anten Chemical.

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Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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