An Incisive, In-depth Analysis on the Precipitated Silica Market
This study offers a comprehensive, 360 degree analysis on the Precipitated Silica market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Precipitated Silica market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Versatile Precipitated Silica to Reach US$ 5.9 Bn by 2029
Ascending demand from rubber, agrochemicals, and oral care will drive the global precipitated silica (SiO2) market to grow at an astounding growth rate of more than 9% between 2019 and 2029. This form of synthetic amorphous silicon dioxide is inert, non-toxic, and chemically balanced which allows manipulation of its properties to cater to a wide range of end-use industry verticals. Surging automotive production will lead to an increase in demand for rubber tires which employ precipitated silica to enhance product performance. Similar demand trends can be traced back to adhesive & sealant products in lieu of the pivotal role that precipitated silica plays as a thickening agent and improving bond strength.
Cosmetics - The Next Mass-adoption Avenue
Cosmetics maintain a share-wide dominance with more than 21% of market share. Silica increases water resistance of creams and lotions. Hence, the increasing demand of cosmetic products from multiplying millennial consumers will propel the demand for precipitated silica. Market players are investigating applications of precipitated silica in electronics. The low electrical conductivity of precipitated silica positions electronics end-use industry as the most lucrative opportunity with a market share of more than 19%.
North America Bolster Growth Amidst Resurgent Infrastructure Development
North America and Latin America collectively account for more than 52% of the global precipitated silica market. Recovery of the construction industry in the US coupled with increasing automotive production in developing economies of Latin America drive growth in this region. Japan offers rewarding opportunities for precipitated silica manufacturers with a meteoric growth rate of more than 13% during the forecast period. Rising male-cosmetic trends and surging infrastructure development in Japan are a central factor for future growth in this region.
Green Tires to Create New Revenue Streams
Prevalence of green tires is expected to contribute significantly to the future demand of precipitated silica from automotive industry. SiO2 improves road grip while simultaneously decreases rolling friction, tires that employ SiO2 reduce fuel consumption which gives them the name ‘green tires’. Increasing disposable income of millennial consumers is expected to thrust the demand from cosmetics end-use industry. Infrastructure projects in developing economies further the demand for paints, coatings, and rubber used in construction which will in turn increase the demand for precipitated silica.
Capacity Expansion Becomes a Top Priority
Competitive landscape of precipitated silica market is fragmented. Major players in the global precipitated silica market are Evonik Industries AG, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation, Solvay SA, Huber Engineered Materials, and Oriental Silica Corporation. Manufacturer initiatives emphasize the importance of product innovation, capacity expansion, and strategic partnerships. In Aug, 2019, Evonik Industries AG released a new precipitated silica variant specifically for whitening toothpastes, which was later patented by the organization. In Sept 2019, PPG Industries Inc. presented its product portfolio of PPG AGILON® performance silica at International Elastomer Conference along with a research paper on “Silica Development for Sidewall Compounds”.
FREQUENTLY ASKED QUESTIONS ABOUT precipitated silica market
What drives the precipitated silica market?
The market is driven by surging demand from end-use industry verticals such as rubber, agrochemicals, and personal & oral care. Precipitated Silica properties such as inert molecular behavior, non-toxicity, and chemical balance drive this mass-adoption.
Which factors put market players at risk?
Innovation in applications of carbon black puts market players at risk of losing growth opportunities. Low modulus of silica compounds at high elongations is another factor that puts manufacturers of precipitation silica at risk of substitution.
Which region will lead the global sales of precipitated silica?
North America is leading the global sales of precipitated silica. Recovering infrastructure development in major economies such as the US drives growth in this region. Japan offers the most lucrative opportunities for growth on the back of rising male-cosmetic demand and infrastructure development.
Which product segment is likely to witness highest growth?
Cosmetics product segment is expected to maintain its share-wide dominance and witness highest growth. Innovation in applications of precipitated silica for cosmetic products coupled with demand from increasing income-level consumers will lead growth in this segment.
Which segment based on end-use will record the highest growth?
Rubber will register the highest growth in end-use segregation of the precipitated silica market. Precipitated silica when used in producing rubber tires promotes road grip and reduces rolling friction. This is a leading cause for demand from this segment.
What is the key sustainability strategy adopted by market players?
Capacity expansion is a key strategy adopted by market players in precipitated silica market as organizations foresee a near-future increase in demand. Manufacturers are investing in product innovation and forging strategic partnerships to differentiate their products in the market.
Precipitated Silica Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the Precipitated Silica market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
The global Precipitated Silica market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By End - Use Industry
Chapter 01 - Executive Summary
The executive summary of the precipitated silica market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global precipitated silica market.
Chapter 02 – Market Introduction
Readers can find the detailed segmentation and definition of the precipitated silica market in this chapter, which will help them understand basic information about the precipitated silica market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the precipitated silica market report.
Chapter 03 – Market Background
The associated industry assessment of the precipitated silica market is carried out in this section. The macroeconomic factors affecting growth of the precipitated silica market are provided in this section and the impact of these macroeconomic indicators on the precipitated silica market is analyzed. The processing overview and technological advancements in the precipitated silica market is also provided.
Chapter 04 - Global Intergrated Food Ingridents Market Value Chain
Profit margins at each level of the precipitated silica market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
Chapter 05 – Market Dynamics
The drivers and restraints impacting the growth of the precipitated silica market are explained in this chapter. Opportunities and ongoing trends in the precipitated silica market are also comprehensively discussed.
Chapter 06 – Global Precipitated Silica Market Analysis and Forecast 2014-2029
This chapter includes detailed analysis of the historical precipitated silica market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2019-2029). This chapter provides details about the precipitated silica market on the basis of application and end-use. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the precipitated silica market is anticipated to grow across North America, Latin America, Europe, APEJ, Japan, and Middle East and Africa.
Chapter 07 – North America Precipitated Silica Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the precipitated silica market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on product type and countries in the North America region.
Chapter 08 – Latin America Precipitated Silica Market Analysis 2014-2018 & Forecast 2019-2029
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the precipitated silica market in the Latin America region. This chapter also includes growth prospects of the precipitated silica market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Chapter 09 –Europe Precipitated Silica Market Analysis 2014-2018 & Forecast 2019-2029
Important growth prospects of the precipitated silica market based on its end user in several countries such as Germany, Italy, France, U.K., Spain, BENLUX, Russia and Rest of Europe are included in this chapter.
Chapter 10 – APEJ Precipitated Silica Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the precipitated silica market in South Asia region including the important growth prospects of the precipitated silica in several countries such as China, India ,South Korea and ASEAN countries are included in this chapter.
Chapter 11 – Japan Precipitated Silica Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the Integrated Food Ingredients market in the Japan. Readers can also find regional trends, regulations, and market growth of countries in the Japan.
Chapter 12 – Oceania Precipitated Silica Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the precipitated silica market in the Oceania. Readers can also find regional trends, regulations, and market growth of countries in the Oceania
Chapter 13 – Middle East and Africa Precipitated Silica Market Analysis 2014-2018 & Forecast 2019-2029
This chapter offers insights into how the precipitated silica market is expected to grow in major countries in the MEA region such as GCC Countries, Turkey, South Africa, Northern Africa and the Rest of MEA, during the forecast period 2019-2029.
Chapter 14 – Competition Assessment
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the precipitated silica market along with their market presence analysis by region and product portfolio. Readers can find a comprehensive list of leading manufacturers in the precipitated silica market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players and end users featured in the report are Evonik Industries AG, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation , Solvay SA, Huber Engineered Materials Oriental Silica Corporation and other players
Chapter 15 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the precipitated silica report.
Chapter 16 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the precipitated silica market.
Sources and Primary Research Splits (%)
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites