According to the latest market research study by Technavio, the global precipitated silica market is expected to grow at a CAGR of close to 6% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global precipitated silica market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
Source: Technavio
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The top three revenue contributing application segments are discussed below
Rubber: The rubber application segment is expected to be the fastest-growing application segment through 2021. The requirement for quality rubber in the automotive tire industry is projected to drive the demand for precipitated silica.
“Precipitated silica serves as a reinforcing filler material and improves the strength and durability of rubber. In the tire industry, rubber grade silica is used as the replacement for carbon black. Silica increases the grip and adhesion of the tires and improves anti-skid properties and tensile strength,” says Ajay Adhikhari, a lead analyst at Technavio for research on specialty chemicals.
Food, feed, and agrochemicals: Precipitated silica is extensively used in several applications of food, feed, and agrochemicals as it is a carrier and free flow by nature. In most of these applications, precipitated silica works as anti-caking, an absorbent, carrier, and free-flowing agent. Precipitated silica products are inert, odorless, colorless, and highly absorptive.
Cosmetics and oral care: Precipitated silica is used mostly in the manufacturing of personal care and oral care products. It enhances the stability and the shelf life of these products. Silica also works as a carrier agent for liquid active ingredients and perfumes. It absorbs the fragrance and can deliver the scent over a long period.
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The top vendors operating in the global precipitated silica market are:
- Solvay
- Evonik Industries
- J.M. Huber
- PPG Industries
- W.R. Grace
The other prominent vendors in the market include Anten Chemical, Cabot, Fuji Silysia Chemical, Gujarat Multi-Gas Base Chemicals, IQE, Kadvani Chemicals, Madhu Silica, Oriental Silicas, PQ, Qingdao Haiyang Chemical, and Tosoh Silica.
A more detailed analysis is available in the Technavio report titled, ‘Global Precipitated Silica Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Specialty Silica Market 2017-2021
- Global Aroma Chemicals Market 2017-2021
- Global Silica Minerals Mining Market 2016-2020
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