Precipitated Silica Market Size, Share & Trends Report

Precipitated Silica Market Size, Share & Trends Analysis Report By Application (Rubber, Agrochemicals, Oral care, Food), By Region (North America, Europe, Asia Pacific, CSA, MEA), And Segment Forecasts, 2019 - 2025

  • Published Date: Mar, 2019
  • Base Year for Estimate: 2018
  • Report ID: 978-1-68038-755-1
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 114

Industry Insights

The global precipitated silica market size was valued at USD 1.96 billion in 2018 and is expected to expand at a CAGR of 7.9% over the forecast period. Rising demand from rubber, agrochemicals, and oral care industries is the major factor driving the growth of the industry.

Tires is the largest application of precipitated silica. Therefore, the market is significantly driven by the dynamics of the global automotive market. Rising disposable income in Asia Pacific has led to huge production of automobiles in the region. Asia Pacific is the biggest manufacturer of automobiles in the world with an estimated production of 53.5 million units in 2017. This makes Asia Pacific a significant market for precipitated silica.

China precipitated silica market

When combined with tire rubbers, precipitated silica helps improves the tire grip while simultaneously decreasing its rolling resistance. Therefore, tires manufactured with this product, reduces the fuel consumption of an automobile by as much as 7%. Such tires are called green tires. Consumption of the product in green tires is twice that of in normal tires. The share of green tires was estimated at 15.0% in 2011 and extended to 45.0% in 2018. This positive trend of green tires is anticipated to continue owing to supportive government regulations for green tires.

Carbon black is one of the major substitutes of the product and acts as a restraint for the market growth. Carbon black is also used as a reinforcing agent in tires, and in multiple types of boots, pads, wiper blades, and conveyor wheels. However, recent trend indicates tire manufacturers replacing carbon black with precipitated silica on account of eco-friendly benefits and stronger performance deliver by the latter.

Application Insights

Rubber led the precipitated silica market with 52.7% revenue share in 2018. The product is extensively used in rubber industry, particularly as a reinforcement filler in tires. Tire manufacturers are currently focused on increasing green tire production owing to increasing pressure on vehicle makers to meet rising fuel-economy targets and reduce vehicle emissions. This is anticipated to propel the product demand in the forthcoming years. Non tire applications of the product include silicone rubber, footwear soles, and industrial rubber.

Agrochemicals application is forecasted to register a CAGR of 7.3% over the forecast period. Precipitated silica is used in liquid agrochemicals to provide visco-elastic properties. It is utilized rheology modifier and as an anti-settling additive. It prevents the agglomeration of active ingredients in liquid formulations to avoid sedimentation. In addition, the product is used as a process aid, free-flowing aid, milling aid, and anti-cracking aid in solid agrochemicals.

Growing awareness regarding oral hygiene across the globe is expected to stimulate the product demand especially from toothpaste industry. Precipitated silica is used in the manufacturing of transparent and medicated toothpaste, wherein it acts as a cleaning, polishing, and whitening agent. Rising consumer awareness regarding healthy lifestyle, wellness, and hygiene is expected to propel the product demand in oral care application over the forecast period.

Other applications include paints and coatings, defoamers, plastics, and adhesives and sealants. The product is extensively utilized in paints and coatings, wherein it acts as anti-settling, matting, thickening, and thixotropic agent. The silica grade of products for paints and coatings is utilized to provide enhanced efficiency in medium polar and non-polar solvents.

Regional Insights

Asia Pacific led the market with a revenue share of 43.4% in 2018. Furthermore, it is estimated to be the fastest growing regional market over the forecast period. The massive industrialization, huge construction spending, and increasing production of automotive tires in the region is expected to drive the product demand.

North America was the second largest contributor with a revenue share of 21.3% in 2018. Rising demand for tires is significantly driving rubber application in U.S. For instance, according to the U.S. Tire Manufacturers Association (USTMA), tire shipments for passenger cars and trucks in the country are poised to register significant growth over the next few years. This is anticipated to propel the product demand in North America.

Global precipitated silica market

Europe is poised to register a steady CAGR over the forecast period. The European construction output recorded a volume growth of approximately 2.8% in 2018 and is expected to grow at an average rate of 1.6% from 2019 to 2021, owing to rising construction spending on residential and non-residential infrastructure. Eastern Europe is anticipated to record a massive growth in construction by 9.1% in 2019. These developments are estimated to provide a suitable platform for the product demand in the region for applications such as paints and coatings and adhesives and sealants. 

Central and South America is estimated to witness steady growth owing to the increasing automotive production and investments in housing and public sector in the forthcoming years. South America witnessed significant growth in the total motor vehicle production by 20.3% from 2016 to reach 3,211,348 units in 2017. This is estimated to drive the regional market over the forecast period.

Precipitated Silica Market Share Insights

Key market players include Evonik Industries, W.R. Grace & Co., Huber Engineered Materials, Solvay SA, PPG Industries Incorporated, Tosoh Silica Corporation, Madhu Silica Pvt. Ltd, and PQ Corporation. Capacity extension is the key strategy adopted by the companies to cater to the product demand and to gain greater market share.

Companies are extending their existing manufacturing capacities or setting up new plants to cater to the demand from tire manufactures. For instance, in October 2018, Evonik Industries invested about USD 120 million and started a precipitated silica plant for the tire industry in South Carolina, U.S. Moreover, in October 2016, PPG completed the project of expanding the precipitated silica production capacity at Delfzijl, Netherlands to meet the growing global demand.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada Germany, U.K., Spain, France, Italy China, Japan, India, Brazil, Saudi Arabia, United Arab Emirates, and South Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2013 to 2025. For the purpose of this study, Grand View Research has segmented the global precipitated silica market report on the basis of application and region:

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Rubber

    • Agrochemicals

    • Oral care

    • Food

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S

      • Canada

    • Europe

      • U.K.

      • Germany

      • Spain

      • France

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

      • United Arab Emirates

      • South Africa

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified