Precipitated Silica Market Research Report Information By Grade (Rubber Grade, Food Grade, Non-Rubber Grade, Return Flow Control Drilling (RFCD), By Application (Additive, Free-Flow and Carrying Agents, Thickening Agents, Anti-Caking Agents, Others), By End-Use Industry (Rubber Industry, Food & Feed, Automotive, Paints & Coatings, Personal Care & Cosmetics, Others) and By Region – Industry Forecast to 2030
In the forecast period, the precipitated silica industry is anticipated to grow at a compound annual growth rate (CAGR) of 3.9%. The rubber industry employs precipitated silica extensively, particularly in the production of tires and belting. Precipitated silica has the potential to offer superior shear strength and abrasion resistance in comparison to other materials. Precipitated silica is employed in rubber and rice rollers to enhance their abrasion resistance, rigidity, and tear resistance.
It functions as a reinforcing agent and provides increased durability, longevity, and tensile strength. Consequently, the global precipitated silica market is poised for substantial growth over the next decade. It is also employed in shoe soles due to its non-scuffing properties, resistance to wear and fraying, and the ability to produce compounds with light colors or transparent materials. Offers enhanced modulus and superior durability and resilience. Furthermore, its complex aggregate structure and small particulate size enhance the tear strength of the Conveyor Belt and Transmission Belt.
The strong thermal shock resilience and low coefficient of thermal expansion of silica sand have resulted in an increase in its use in glass manufacturing. This prevents any alteration in the materials as a result of a rapid temperature change. The glass's foundation is composed of silicon dioxide (SiO2), which is formed during the melting process at elevated temperatures. The finalized glass product's desirable attributes, including transparency, strength, and durability, are contingent upon the purity and uniformity of the silica sand. The fundamental component of all conventional and specialty glasses is silica sand.
The Global Cement and Concrete Association predicts that the global demand for concrete will increase from 14.0 billion m3 in 2021 to approximately 20 billion m3 in 2050, presuming the continuation of current construction practices. As a result of the increasing demand for concrete, the silica sand market is also anticipated to expand, as silica is a primary component of the concrete production process. Soil Silica functions as a functional extender, enhancing the durability and anti-corrosion properties of the material. Epoxy-based compounds, sealants, and caulks respond favorably to its application. Flooring compounds, mortar, cement, stucco, asphalt mixtures, and roofing shingles all incorporate whole grain silica sand.
Market segment insightsThe Precipitated Silica Market has been divided into three categories: rubber grade, culinary grade, and non-rubber grade.
The Precipitated Silica market has been segmented into additive, free flow & conveying agents, thickening agents, anti-caking agents, and others based on application.
The Precipitated Silica market has been segmented into the rubber industry, food & feed, automotive, paints & coatings, personal care & cosmetics, and others based on end-use industry.
Regional PerspectivesThe global market is divided into the following regions: North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Asia-Pacific dominated the market in 2021, with a share of 49.4% and a value of USD 1,209.61 million. It is anticipated to experience the highest compound annual growth rate (CAGR) of 9.15% from 2022 to 2030. In 2021, North America held the second largest stake, with a value of USD 523.74 million and a share of 21.4%. It is anticipated to grow at a compound annual growth rate (CAGR) of 7.84%.
Major PlayersPpg Industries, Inc., Industrias Químicas Del Ebro Sa, Evonik Industries Ag, Tata Chemicals Ltd., Antenchem Co., Ltd., Solvay Sa, Pq Corporation, Oriental Silica Corporation, Tosoh Silica Corporation, and Madhu Silica Pvt. Ltd. are among the key companies in the precipitated silica market.