Press release
Leading Element Driving Change in the Precipitated Silica Market in 2025: Rising Automotive Tire Production Drives Precipitated Silica Market Growth Driver
Precipitated Silica Market
Recent years have witnessed significant growth in the size of the precipitated silica market. It is expected to expand from a market size of $2.84 billion in 2024 to a size of $3.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historic period can be traced back to factors such as growing use in glassmaking applications, increased investments in research and development, wider application in the electronics industry, better recycling and waste management practices, and a surge in the use of e-commerce platforms.
The forthcoming years are predicted to see substantial growth in the precipitated silica market, with it expected to reach a value of $4.31 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 8.6%. The projected growth during this period can be credited to factors such as resurgence in infrastructure development, expansion in building and infrastructure activities, sustainable and green initiatives, heightened consumer awareness and preference, and expansion in the agricultural sector. Notable trends for this forecast period involve the creation of nanometer-sized silica particles, improved dispersibility and functionality, progressive testing and analytical techniques, the rise of hybrid silica products, and the emergence of water-based silica products.
What Are the Forces Behind the Rapid Growth of the Precipitated Silica Market?
The anticipated growth of the precipitated silica market is being fuelled by the escalating manufacture of automobile tires. Automotive tires, essentially rubber casings fitted on wheel rims, serve multiple purposes including providing traction, cushioning against road shocks, and supporting the weight of the vehicle. The accelerated production of these tires is predominantly due to the skyrocketing demand for vehicles, especially in emerging economies experiencing rapid economic growth. Precipitated silica plays a pivotal role in augmenting tire performance by promoting fuel efficacy, improving grip, and reducing rolling resistance, thereby leading to increased tire longevity. A clear example was observed in June 2024, when Statistics Canada, a national statistical entity based in Canada, released a report that highlighted a marginal rise of 0.3% in the total number of registered road motor vehicles in Canada in 2022, hitting 26.3 million, as against the previous year. Thus, the surging production of automotive tires is the key driving force behind the expansion of the precipitated silica market.
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Who Are the Dominant Companies Influencing Precipitated Silica Market Trends?
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
Who Are the Dominant Companies Influencing Market Trends?
Leading enterprises in the precipitated silica market are moving forward with advancements such as circular silica to augment sustainability and cater to the increasing customer demand for eco-oriented products. Circular silica is a cyclic silicate layout where the silicon-oxygen tetrahedra unite to constitute ring formations. A clear instance is Solvay S.A., a chemical firm from Belgium, which in January 2023 rolled out bio-circular highly dispersible silica (HDS) in Europe, primarily at its Italy-based Livorno facility. This product originates from bio-based sodium silicate sourced from rice husk ash, offering a sustainable and circular alternative for silica manufacturing. The production of this product is anticipated to commence by 2024, with a vision of Solvay to steadily substitute its existing Zeosil collection with this innovative circular HDS. This will aid tire manufacturers to escalate their usage of sustainable materials while decreasing their carbon emissions by 50% per each ton of silica produced. This venture aligns with Solvay's pledge towards carbon neutrality and reaffirms its supremacy in providing eco-friendly resolutions for various sectors.
What Are the Different Segmentations in the 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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Which Region Is at the Forefront of 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.
What Is Covered In The Precipitated Silica Global Market Report?
- Market Size Analysis: Analyze the precipitated silica Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the precipitated silica market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall precipitated silica market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the precipitated silica market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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