Press release
Strong Growth Ahead: Precipitated Silica Market Size To Grow At Arecord 8.6% Cagr By 2029
Precipitated Silica
How Big Is the Precipitated Silica Market Size Expected to Be by 2034?
The market for precipitated silica has experienced robust growth in recent years. It is projected to increase from a value of $2.84 billion in 2024 to approximately $3.1 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. This historical growth is largely due to the rising consumption in glassmaking applications, enhanced investments in R&D, greater usage in the electronics sector, advancements in recycling and waste management, and the growing popularity of e-commerce platforms.
The market for precipitated silica is set to experience substantial growth in the coming years, anticipated to increase to $4.31 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 8.6%. The increased growth during the forecast period may be a result of developments in infrastructure, expansion of building and infrastructure activities, commitment to sustainable and environment-friendly approaches, consumer knowledge and preferences, and uptick in the agricultural sector. Future trends for this period encompass the production of silica particles at nanoscale, improved dispersibility and functionality, progressive testing and analytical procedures, the emergence of hybrid silica variant products, and silica products based on water.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Precipitated Silica Market Trends?
The precipitated silica market is anticipated to experience growth fueled by the escalating production of automotive tires. Automotive tires, the rubber shells that encase wheel rims, offer traction, soften road shocks, and support the weight of vehicles. The increased production of these tires is largely due to the heightened demand for vehicles, particularly from developing regions with growing economies. Precipitated silica enhances tire performance by improving fuel efficiency, improving grip, and reducing rolling resistance, which leads to more durable tires. For example, data from Statistics Canada, a national statistical body based in Canada, indicated a modest 0.3% increase in the number of registered road motor vehicles in Canada in 2022, reaching a total of 26.3 million, compared to 2021. This upsurge in the production of automotive tires is consequently propelling the growth of the precipitated silica market.
Who Are the Top Competitors in Key Precipitated Silica Market Segments?
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
What Ampoule Bottle Market Trends Are Gaining Traction Across Different Segments?
The primary players in the precipitated silica market are focusing on innovative product launches like circular silica to amplify sustainability and cater to the escalating demand for environmentally friendly items among consumers. The term circular silica denotes a circular silicate structure characterized by silicon-oxygen tetrahedra linked together to create ring-like configurations. For example, Solvay S.A., a chemical firm based in Belgium, rolled out bio-circular highly dispersible silica (HDS) targeting Europe, particularly its Livorno location in Italy, in January 2023. The newly launched product made from bio-based sodium silicate extracted from rice husk ash offers a sustainable and circular alternative for silica production. The production is scheduled to commence towards the end of 2024, and Solvay intends to gradually phase out its existing Zeosil range with this new circular HDS. This transition is expected to aid tire manufacturing companies in augmenting the usage of sustainable materials while simultaneously lowering their carbon emission by 50% per ton of silica produced. This transition also aligns with Solvay's pledge of achieving carbon neutrality and reasserts its leading position in delivering green solutions for a multitude of industries.
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Which Regions Are Becoming Hubs for Precipitated Silica Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Precipitated Silica Market?
2. What is the CAGR expected in the Precipitated Silica Market?
3. What Are the Key Innovations Transforming the Precipitated Silica Industry?
4. Which Region Is Leading the Precipitated Silica Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the precipitated silica market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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