Precipitated Silica Market Size/Share To Surpass USD 4.39 Billion By 2030: Exactitude Consultancy

Precipitated Silica: Versatile Material Revolutionizing Tire Manufacturing, Rubber Industries, and Sustainable Solutions

LUTON, BEDFORDSHIRE , UNITED KINGDOM, April 24, 2024 /EINPresswire.com/ -- 𝐂𝐚𝐭𝐚𝐩𝐮𝐥𝐭 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐓𝐨 𝐅𝐨𝐫𝐞, 𝐆𝐚𝐢𝐧 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞

The Latest Research report on “global Precipitated Silica Market Report 2023 – 𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬, 𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐈𝐧-𝐝𝐞𝐩𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐓𝐨 𝟐𝟎𝟐𝟗” offers strategic visions into the global Precipitated Silica market along with the market size (𝐕𝐨𝐥𝐮𝐦𝐞 – 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐔𝐧𝐢𝐭𝐬 𝐚𝐧𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 – 𝐔𝐒$ 𝐁𝐢𝐥𝐥𝐢𝐨𝐧) and estimates for the duration 2023 to 2029. 

The rising demand from rubber, agrochemicals, and oral care industries is the major factor driving the growth of the industry. Tires are the largest application of precipitated silica. Therefore, the market is significantly driven by the dynamics of the global automotive market. Rising disposable income in the Asia Pacific has led to the huge production of automobiles in the region. Asia Pacific is the biggest manufacturer of automobiles in the world which makes Asia Pacific a significant market for precipitated silica.

The Global Precipitated Silica Market Is Expected To Grow At 9.6% CAGR From 2024 to 2030. It Is Expected To Reach Above USD 4.39 Billion By 2030 From USD 2.31 Billion In 2023.

Demand for precipitated silica for fuel-efficient tires is expected to propel aligning to continued reduction in automotive fuel consumption along with an inclination towards vehicle electrification. Governments across the world are creating policies to push the usage of fuel-efficient tires. For instance, in May 2022, the Indian government announced that they are going to bring a new star rating rule to the tire industry. Tires are expected to be rated on the basis of their ability to save fuel, prevent skidding, and ensure safety.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

https://exactitudeconsultancy.com/reports/17026/precipitated-silica-market/#request-a-sample

Some of the important players in Precipitated Silica market are:

Evonik Industries AG, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation, Solvay SA, Huber Engineered Material, Orientable Silica Corporation, QUECHEN, Madhu Silica Pvt. Ltd., and Tata Chemical Ltd. and other.

Precipitated Silica Market Segmentation: 

This research report categorizes the Precipitated Silica market into the following segments and subsegments:

Precipitated Silica Market By Application, 2020-2030, (Usd Billion) (Kilotons)

Rubber

Personal Care

Food

Battery Separator

Coating & Inks

Adhesives & Sealants

Precipitated Silica Market By End User, 2020-2030, (Usd Billion) (Kilotons)

Automobile

Cosmetic

Electronic

Agriculture

𝐓𝐡𝐞 𝐩𝐫𝐞𝐬𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐚𝐧𝐝 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐢𝐥𝐥 𝟐𝟎𝟐𝟗 𝐟𝐨𝐫 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐠𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐬𝐮𝐛-𝐫𝐞𝐠𝐢𝐨𝐧𝐬 𝐡𝐚𝐯𝐞 𝐚𝐥𝐬𝐨 𝐛𝐞𝐞𝐧 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭.

𝐑𝐞𝐠𝐢𝐨𝐧 𝐞𝐧𝐜𝐥𝐨𝐬𝐞𝐝 𝐚𝐫𝐞: North America, Europe, Asia Pacific, Oceania, South America, geographical region & continent

𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝐋𝐞𝐯𝐞𝐥 𝐁𝐫𝐞𝐚𝐤-𝐔𝐩: u. s., Canada, Mexico, Brazil, Argentina, Colombia, Chile, Nigeria, Tunisia, Morocco, Germany, uk (UK), Holland, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, China, Japan, Taiwan, South Korea, Singapore, India and Australia etc.

The Asia Pacific held the largest revenue share of 42.7% in 2022 and it is expected to maintain its dominance over the forecast period. The massive industrialization, increasing production of automotive tires, and huge construction spending in the region are expected to drive the product demand.

China was the largest consumer of precipitated silica in 2022 and the country is expected to remain the dominant consumer across the forecast period. Factors such as growing investment in EVs and increasing demand for the product in various industries such as rubber, oral care, and food is driving the market growth in the country.

North America was the second-largest contributor with a revenue share in 2022. The rising demand for tires is significantly driving rubber applications in the region. Tire shipments for electric passenger cars and trucks in the region are poised to register significant growth over the next few years. This is anticipated to propel the product demand in North America.

𝐈𝐟 𝐲𝐨𝐮 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞: https://exactitudeconsultancy.com/reports/17026/precipitated-silica-market/

𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞 𝐨𝐟 𝐭𝐡𝐞 Precipitated Silica 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

– Comprehensive assessment of all opportunities and risk in the Precipitated Silica market.

– Precipitated Silica market recent innovations and major events.

– Detailed study of business approaches for the growth of the market-leading players.

– Conclusive study about the expansion plot of the market for forthcoming years.

– In-depth understanding of market-specific drivers, constraints and major mini-markets.

– Favorable impression inside vital technological and market latest trends striking the Precipitated Silica market.

Rise in Demand for Cosmetics Products Fueling Market Expansion

The cosmetics and personal care sector has been growing rapidly since the last few years due to changing lifestyles, rise in disposable income of consumers, and increase in awareness about skin care. Precipitated silica is used in cosmetics and personal care products due to its capacity to act as a suspending, anti-caking, bulking, abrasive, and opacifying agent.

Pressing Need for Sustainable and Green Tires in Automotive Sector

The global automobile business has grown significantly across the globe, notably in Asia Pacific, over the last few years. In recent years, the production of environmentally friendly and low-pollution tires, also known as green tires, has increased consistently. This has resulted in the gradual replacement of carbon black with high-dispersion precipitated silica.

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭

(1) What was the size of the global Precipitated Silica market in 2022?

(2) What is the expected growth rate of the global Precipitated Silica market during 2023-2028?

(3) What are the key factors driving the global Precipitated Silica market?

(4) What has been the impact of COVID-19 on the global Precipitated Silica market?

(5) What are the key regions in the global Precipitated Silica market?

(6) Who are the key players/companies in the global Precipitated Silica market?

𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐒𝐜𝐨𝐩𝐞-

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https://exactitudeconsultancy.com/iw/reports/17026/precipitated-silica-market/

𝐈𝐧𝐪𝐮𝐢𝐫𝐞:

Irfan T
Exactitude Consultancy
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