Press release
Precipitated Silica Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Precipitated Silica Market Share
The precipitated silica market is anticipated to grow, spurred by the rise in automotive tire production. Automotive tires, essentially rubber casings fitted on wheel rims, serve to provide traction, absorb road shocks and support the vehicle's weight. The production of these tires is experiencing an uptick, particularly in burgeoning economies with a growing demand for vehicles. Tire performance significantly improves with the inclusion of precipitated silica, as it aids in augmenting fuel efficiency, boosting grip, and reducing rolling resistance, which leads to extended tire life. A June 2024 report by Statistics Canada, the national statistical organization of Canada, stated that the total count of registered motor vehicles on the road in 2022 was 26.3 million, marking a small 0.3% increment from 2021. Hence, the rising production of automotive tires is the key driver propelling the precipitated silica market's growth.
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What growth opportunities are expected to drive the precipitated silica market's CAGR through 2034?
In recent times, there has been dramatic growth in the size of the precipitated silica market. The market is set to expand from its size of $2.84 billion in 2024, reaching a size of $3.1 billion in 2025. This progression corresponds to a compound annual growth rate (CAGR) of 9.0%. The substantial growth experienced in this historical period is thanks to factors such as heightened consumption in the glassmaking sector, rising investment in research and development, the exponential growth in its usage within the electronics domain, an increase in recycling and waste management activities and the escalation in the use of e-commerce platforms.
Expectations are high for a significant surge in the size of the precipitated silica market in the nearing years. The market is anticipated to reach $4.31 billion by 2029 with a CAGR of 8.6%. This projected increase during the forecasted timeframe can be ascribed to development in the recovering infrastructure sector, the expansion of construction and infrastructure activities, sustainability and eco-friendly initiatives, consumer knowledge and preferences, and growth in the agricultural segment. In the forecast period, the major tendencies are anticipated to be the fabrication of silica particles on the nanometer scale, improved dispersibility and functionality, sophisticated testing and analytical methods, the rise of hybrid silica products, and the advent of water-based silica products.
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What are the emerging trends shaping the future of the precipitated silica market?
Leading businesses in the precipitated silica market are crafting innovative products such as circular silica; this move is aimed at increasing sustainability and catering to the rising demand for environmentally-friendly items. The term 'circular silica' represents a cyclical silicate formation where silicon-oxygen tetrahedra bind together to shape structures similar to rings. For example, Solvay S.A, a chemical firm based in Belgium, introduced bio-circular highly dispersible silica (HDS) in Europe, specifically at its Livorno location in Italy in January 2023. This product utilizes bio-based sodium silicate obtained from rice husk ash, thereby offering a circular and sustainable approach to silica production. Production is slated to commence towards the end of 2024; additionally, Solvay intends to gradually substitute its existing Zeosil collection with this fresh circular HDS. This shift will aid tire producers in augmenting the usage of sustainable resources and diminishing their carbon emissions by 50% per ton of silica manufactured. This effort is in synchronization with Solvay's pledge to carbon neutrality and it underlines its supremacy in delivering eco-friendly solutions to a variety of industries.
Which growth-oriented segments of the precipitated silica market are leading the industry's development?
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 regions are leading the charge 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.
What companies are at the forefront of innovation 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
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What Is Covered In The Precipitated Silica Global Market Report?
•Market Size Forecast: Examine the precipitated silica market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the precipitated silica market for a structured understanding.
•Key Players Overview: Analyze major players in the precipitated silica market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the precipitated silica market.
•Segment Contributions: Evaluate how different segments drive overall growth in the precipitated silica market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the precipitated silica market.
•Industry Challenges: Identify potential risks and obstacles affecting the precipitated silica market.
•Competitive Landscape: Review strategic developments in the precipitated silica market, including expansions, agreements, and new product launches.
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