Global Precipitated Silica Market
The global Precipitated Silica market was valued at USD 1.45 billion in 2016 and is projected to reach USD 3.09 billion by 2025, growing at a CAGR of 8.8% from 2017 to 2025.
Precipitated silica is obtained by the process of precipitation from silica salts. The growing application in the rubber industry is driving the market growth. The food application is expected to be the fastest growing segment due to increasing usage as an anti-thickening agent.
1. Market Drivers
1.1 Growing demand from rubber and tire industry
1.2 Rapidly evolving manufacturing sector in developing countries
2. Market Restraints
2.1 Stringent government regulations regarding precipitated silica
2.2 Cheap and low quality product offerings
The global Precipitated Silicamarketis segmented on the basis ofproduct, plastic type, application,and region.
1. By End-Use:
2. By Application:
2.2 Personal Care
2.3 Battery Separator
2.4 Inks & Coatings
2.5 Sealants & Adhesives
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. PPG Industries
2. W.R. Grace & Co.
3. Tosoh Silica Corporation
5. Solvay SA
6. Oriental Silicas Corporation
7. Huber Engineered Materials
8. PQ Corporation
9. IQE Group
10. Glassven CA
11. Kadvani Chemicals Group
12. Anten Chemical Group
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Precipitated Silicamarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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