The global precipitated silica market refers to the finely divided amorphous form of silica obtained by the reaction of alkaline silicate with carbon dioxide. It has various applications across rubber, food, dental, and other industries attributed to its thickening, strengthening, and reinforcing properties. The global market has been growing steadily over the past few years owing to rapidly expanding rubber industry. Tire manufacturers are the key consumers of precipitated silica as it improves wear resistance and enhances wet traction of tires. Moreover, shifting automotive industry trends towards fuel-efficient and lightweight materials is positively influencing the market dynamics.
Market Dynamics:
The global precipitated silica market is driven by factors such as increasing automotive production, burgeoning rubber industry, and rising demand for low-rolling resistance tires. Precipitated silica plays a crucial role in reducing fuel consumption of vehicles by enhancing the fuel efficiency of tires. Rapid urbanization and growing economic activities in emerging nations are augmenting the sales of automotive vehicles, which is fueling market growth. However, price volatility of raw materials used for manufacturing precipitated silica and the availability of substitutes are expected to restrain the market during the forecast period. Development of novel applications in industries such as food, pharmaceuticals, silicone rubber, and sealants presents promising opportunities for market players.
Key Features of the Study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook