Global Precipitated Silica Market Size & Outlook, 2023-2030
Global precipitated silica market, 2018-2030 (US$M)
Related Markets
Global precipitated silica market highlights
- The global precipitated silica market generated a revenue of USD 2,151.7 million in 2022 and is expected to reach USD 3,716.0 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.1% by 2030.
- In terms of segment, rubber accounted for a revenue of USD 1,136.8 million in 2022.
- Other Applications is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Spain is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 2,151.7 million |
| Market revenue in 2030 | USD 3,716.0 million |
| Growth rate | 7.1% (CAGR from 2022 to 2030) |
| Largest segment | Rubber |
| Fastest growing segment | Other Applications |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rubber, Agrochemicals, Oral Care, Food Industry, Other Applications |
Other key industry trends
- In terms of revenue, the North America accounted for 22.6% of the global precipitated silica market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Spain is the fastest growing regional market and is projected to reach USD 50.3 million by 2030.
Rubber was the largest segment with a revenue share of 52.83% in 2022. Horizon Databook has segmented the Global precipitated silica market based on rubber, agrochemicals, oral care, food industry, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The growing use of precipitated silica in rubber and tire industries is expected to boost its demand over the coming years. The growing demand is attributed to its abrasion resistance, tensile strength, and flex fatigue. Precipitated silica is widely used in rubber & tire applications, especially in trucks and heavy equipment vehicles, owing to its ability to improve the adhesion and tear resistance between rubber tires and metallic reinforcements.
The product is available in granular as well as spray-dried powder form. Also, the increasing utilization of silica as a replacement for carbon black, where precipitated silica provides better anti-skid properties and improves the tensile tear strength as compared to carbon black, is anticipated to aid market growth.
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Precipitated Silica Market Scope
Precipitated Silica Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tosoh Corp | View profile | 14266 | 3-8-2 Shiba, Minata-ku, Tokyo, Japan, 105-8623 | http://www.tosoh.com |
| IQE PLC | View profile | 1528 | Pascal Close, Saint Mellons, Cardiff, South Glamorgan, United Kingdom, CF3 0LW | https://www.iqep.com |
| J.M. Huber Corporation | View profile | 5001-10000 | Edison, New Jersey, United States, North America | http://www.huber.com |
| PPG Industries Inc | View profile | 53000 | One PPG Place, Pittsburgh, PA, United States, 15272 | https://www.ppg.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Standard Industries | View profile | 10001+ | New York, New York, United States, North America | https://www.standardindustries.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
Global precipitated silica market size, by regions, 2018-2030 (US$M)
Top 10 countries: Precipitated silica market size, 2022 (US$M)
Global precipitated silica market share, by application, 2022 & 2030 (%, US$M)
Precipitated silica market: Opportunity assessment by country
Global precipitated silica market, by region, 2022 (US$M)
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