Global Precipitated Silica Market 2023

Description
Precipitated silica is an amorphous form of silica, produced by the precipitation of silicon dioxide (silica). It is used as an additive in various industries, including personal care, rubber, food and feed, and paints and coatings. The manufacturing process of precipitated silica involves the use of feedstock such as hydrochloric acid, sulfuric acid, silica sand, and sodium silicate.

According to the latest research, the global precipitated silica market is poised to grow by USD 1.8 billion during 2023-2029, progressing at a CAGR of 5.1% during the forecast period. Precipitated silica is a form of synthetic amorphous silica that is produced by precipitation from a solution of sodium silicate and a mineral acid. It is a white, powdery substance with various applications across different industries. The tire industry is a major consumer of precipitated silica. It is used as a reinforcing agent in tire tread compounds, which improves traction, reduces rolling resistance, and enhances fuel efficiency.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global precipitated silica market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors' approaches.

Market Segmentation
Application: agrochemicals, electronics, paint and coatings, personal care and cosmetics, rubber, others
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, and region. The global market for precipitated silica can be segmented by application: agrochemicals, electronics, paint and coatings, personal care and cosmetics, rubber, others. Among these, the rubber segment was accounted for the highest revenue generator in 2022. Precipitated silica market is further segmented by region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. Asia-Pacific is estimated to account for the largest share of the global precipitated silica market.

Major Companies and Competitive Landscape
The report has also analysed the competitive landscape of the global precipitated silica market with some of the key players being Evonik Industries AG, Industrias Químicas del Ebro SA, Madhu Silica Pvt. Ltd., Oriental Silicas Corporation, PPG Industries, Inc., PQ Corporation, Quechen Silicon Chemical Co., Ltd., Sanming Fengrun Chemical Co., Ltd., Shandong Link Advanced Materials Co., Ltd., Solvay S.A., Tosoh Silica Corporation, W. R. Grace and Company, Zhejiang Xinna Material Science and Technology Co., Ltd., Zhuzhou Xinglong New Material Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global precipitated silica market.
To classify and forecast the global precipitated silica market based on application, region.
To identify drivers and challenges for the global precipitated silica market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global precipitated silica market.
To identify and analyze the profile of leading players operating in the global precipitated silica market.

Why Choose This Report
Gain a reliable outlook of the global precipitated silica market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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