Global Precipitated Silica Market 2017-2021
About Precipitated Silica
Precipitated silica is commonly produced by the precipitation of sodium silicate with sulfuric acid and hydrochloric acid. Precipitated silica is mainly used in different applications such as rubber, agrochemicals, personal care, food and feed, and others. In coatings and inks, precipitated silica is an economical substitute for titanium dioxide. Precipitated silica is predominantly used in the automotive industry for the manufacture of automotive tires. Precipitated silica is an environment-friendly alternative to carbon black in the tire industry.
Technavio’s analysts forecast the global precipitated silica market to grow at a CAGR of 6.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global precipitated silica market for 2017-2021. To calculate the market size, the report considers the sales generated from precipitated silica products for end-use industries such as an automobile, cosmetics, electronics, agriculture, and others. Report also considers the revenue generated from the precipitated silica market across regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Precipitated Silica Market 2017-2021
Technavio recognizes the following companies as the key players in the global precipitated silica market: Solvay, Evonik Industries, J.M. Huber, PPG Industries, and W.R. Grace.
Other Prominent Vendors in the market are: Anten Chemical, Cabot, Fuji Silysia Chemical, Gujarat Multi-Gas Base Chemicals, IQE, Kadvani Chemicals, Madhu Silica, Oriental Silicas, PQ Corporation, Qingdao Haiyang Chemical, and Tosoh Silica Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is surge in demand for paints with functional benefits. There is an increase in demand for paints that can provide buildings with protection against the harshness of the weather, dampness, corrosion, fungi, and other destructive influences. Continuous exposure of buildings to heat and rain may cause substantial damage. Even if the build quality of a structure is good, a protective coating is required to prevent water seepage, growth of fungi and algae, and other related problems.”
According to the report, one of the major drivers for this market is increasing demand for energy-efficient tires in automotive industry. The automotive industry is the largest end-user industry for the precipitated silica market. The global automotive industry is growing at a good rate. The industry has recovered from the economic crisis and is expected to grow significantly over the forecast period. Shifting customer preferences has led to the growth of automobiles with a significant focus on environment and safety concerns. The automotive industry has introduced several such automobile models, which include fuel-efficient, lightweight, and low-emission vehicles.
Further, the report states that one of the major factors hindering the growth of this market is stringent emission regulations and adverse effects. The precipitated silica industry works under highly strict guidelines and regulations. Exposure and respiration of silica may lead to several diseases such as silicosis, lung cancer, kidney diseases, and chronic obstructive pulmonary disease. Silica is a highly hazardous carcinogenic agent, exposure to which leads to lung and throat cancer.
Solvay, Evonik Industries, J.M. Huber, PPG Industries, W.R. Grace, Anten Chemical, Cabot, Fuji Silysia Chemical, Gujarat Multi-Gas Base Chemicals, IQE, Kadvani Chemicals, Madhu Silica, Oriental Silicas, PQ Corporation, Qingdao Haiyang Chemical, Tosoh Silica Corporation.