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), And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-755-1
  • Number of Pages: 114
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the precipitated silica market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for precipitated silica market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of precipitated silica market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Precipitated Silica Market Categorization:

The precipitated silica market was categorized into two segments, namely application (Rubber, Agrochemicals, Oral Care, Food), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The precipitated silica market was segmented into application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The precipitated silica market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-five countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Brazil; Mexico; Argentina; Saudi Arabia; UAE; Egypt; South Africa; and Nigeria.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Precipitated silica market companies & financials:

The precipitated silica market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Wacker Chemie AG  - Wacker Chemie AG was founded in 1914 and is headquartered in Munich, Germany. The company's revenue has been segregated into five segments: silicones, polymers, bio solutions, polysilicon, and others. Wacker Silicones and Wacker Polymers are corporate departments of the Wacker Group, while Wacker Biosolutions and Wacker Polysilicon are business divisions.

  • Tosoh Corporation - Tosoh Corporation was founded in 1935 and is headquartered in Tokyo, Japan. It is a global chemical and specialty materials company with five reportable business segments: Petrochemicals Group, Chlor-alkali Group, Specialty Group, Engineering Group, and Ancillary. The company caters to various end-use industries including chemical & petrochemical, construction, automotive, consumer electronics, information technology, bioscience, and environmental.

  • Oriental Silicas Corporation - Oriental Silicas Corporation was founded in 1978 and is headquartered in Taipei, Taiwan. It has its operations in Taiwan, Thailand, China, Japan, and Hong Kong. The company produces precipitated silica (white carbon), which is used in tire, silicon rubber, toothpaste, battery separator, and food additive applications. Its product portfolio includes silicon dioxide, solid/liquid sodium silicate, vulcanization vegetables oil (VVO), synthetic sodium aluminum silicate, and synthetic calcium silicate. The company caters its products to tire and rubber industries.

  • Madhu Silica Pvt. Ltd. - Madhu Silica Pvt. Ltd. is incorporated in 1987 and is headquartered in Bhavnagar, Gujarat, India. The company manufactures precipitated silica (over 50 grades) and silicates. The products are catered to various markets including tire, rubber, footwear, oral healthcare, cosmetics, pharmaceuticals, food, polymer, plastics, and paints. The company has four manufacturing plants with a total annual production capacity of 295 kilotons. In H1-2019, the company added 70 kilotons capacity to its plants. The company has in-house rubber, dental, and paint application labs. The company has offices across India and exports its products to over 40 countries.

  • PPG Industries, Inc. - PPG Industries, Inc. was founded in 1883 and is headquartered in Pennsylvania, U.S. The company is engaged in the distribution of coatings, paints, specialty materials, optical products, fiberglass, and glass. It operates through two business segments, including performance coatings and industrial coatings. The company manufactures silica products under its industrial coatings segment. The company caters its products to the transportation, industrial, construction, and consumer products sectors. Its geographic segments include U.S. & Canada, EMEA, Asia Pacific, and Latin America. The company has 47,000 employees working across the world.

  • Sinosi Group Corporation  - Sinosi Group Corporation is headquartered in Beijing, China. The company produces and supplies silica, silicon materials, and related products such as quartz, crystal, amorphous silica, and others. The company also provides machinery, equipment, instruments, and related services in this silica and silicon industry field in China and other parts of the world. The company and its various subsidiaries such as Sino Surplus International Ltd., Sino Silica Beijing Co., Ltd. and Sinosi Sci-Tech Beijing Co., Ltd. and others have developed and offer over 500 types of silica and silicon materials in China. The company has customers in over 50 countries. The company’s product portfolio is segmented into following categories; silica & silicon materials, silica & silicon products, solar energy & photovoltaic, silica & silicon equipment, mineral & chemical materials, base oil, fuel oil, & crude oil, and car care & beauty products.

  • Evonik Industries AG - Evonik Industries AG is a specialty chemicals company established in 2007. It is headquartered in Germany. The company is engaged in developing, producing, and selling specialty chemicals. Its business has been segmented into performance materials, resource efficiency, and nutrition & care. Its business units include consumer specialties, advanced intermediates, performance polymers, health & nutrition, inorganic materials, coatings & additives. Nutrition & care offers specialty chemicals such as superabsorbents, organically modified silicones, quaternary derivatives, fat chemistry products, phytosphingosines, ceramides, amphoteric surfactants, amino acids & derivatives, DL-methionine, pharmaceutical polymers, and synthesis products primarily for consumer goods, animal nutrition, and healthcare sectors.

  • Elkem - Elkem was established in 1904 and is headquartered in Oslo, Norway. The company has integrated operations across the silicon value chain from quartz to silicon and downstream silicone specialties, as well as specialty ferrosilicon alloys and carbon materials. The company has divided its operations into three business divisions: Silicones, Silicon Products, and Carbon Solutions. On 1 July 2020, the division set up changed from four to three business divisions, as Silicon Materials and Foundry Products merge into Silicon Products. The company's geographic sales are segmented into Europe, Africa, America, Asia, and Rest of the World, where Asia is its largest market, closely followed by Europe, then America. The company has 31 production sites and employees over 6,700 personnel.

  • Nouryon  - Nouryon (formerly Akzo Nobel N.V.’s specialty chemical business) was sold to the Carlyle Group and GIC in October 2018. The company is headquartered in Amsterdam, Netherlands. The business units provide chemicals used in the production of everyday products such as paper, plastics, building materials, and personal care items. It caters its products to cleaning & personal care, paints & coatings, and pulp & paper markets. The company's product portfolio includes salt, organic peroxides, chlor-alkali, bleaching chemicals, expandable microsphere, and surfactants.

  • Solvay - Solvay was established in 1863 and is headquartered in Brussels, Belgium. The company develops advanced materials and specialty chemicals. The company has three reportable segments, Advanced Materials, Advanced Formulations, Performance Chemicals, and Corporate & Business Services. The company's products are used in agro, feed & food, automotive & aerospace, building & construction, consumer goods & healthcare, electrical & electronics, energy & environment, and industrial applications. The company has 115 sites with presence across 64 countries. As of 2019, the company employed 24,100 personnel.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Precipitated Silica Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Precipitated Silica Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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