Precipitated Silica Market Size, Share | Report 2023-2032
The global precipitated silica market was valued at USD 2.18 billion in 2022 and it is predicted to surpass around USD 4.34 billion by 2032 with a CAGR of 7.14% from 2023 to 2032.
Key Pointers
Report Scope of the Precipitated Silica Market
| Report Coverage | Details |
| Market Size in 2022 | USD 2.18 billion |
| Revenue Forecast by 2032 | USD 4.34 billion |
| Growth rate from 2023 to 2032 | CAGR of 7.14% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Anten Chemical Co. Ltd.; Huber Engineered Materials; Evonik Industries AG; PPG Industries, Inc.; IQE Group; Solvay S.A.; PQ Corporation; MLA Group; Tosoh Silica Corporation; Oriental Silicas Corporation; W.R. Grace & Co.; Madhu Silica Pvt. Ltd. |
Increasing utilization of the product in tires to enhance tire tread wear resistance and adhesion, is the major factor driving the growth. Substitution of carbon black with precipitated silica on account of its eco-friendly nature is anticipated to fuel the market.
Application of the product in agrochemicals is expected to witness a considerable growth on account of its extensive usage as free flow agent. Increasing use of precipitated silica owing to its absorption ability and improved chemical stability is expected to drive demand from the agrochemicals market.
Growing use in food industry on account of its superior absorption, high purity, and anti-caking property is expected to fuel demand for precipitated silica over the forecast period. Precipitated silica is used extensively in food applications including edible salt and powdered food products. It helps enhance product consistency through automated dosing of vegetable and fruit extracts, preservatives, and nutrients.
In agrochemicals, the product is used as an active ingredient carrier in pesticide manufacturing. It enables consistent and high loading of chemically active ingredients in various agrochemicals including fungicides, insecticides, and herbicides. In addition, the product is used as a process aid for urea and chemicals owing to its anti-cracking properties.
Increasing use of the product in toothpaste industry as a cleaning and thickening agent is expected to drive growth of the precipitated silica market over the forecast period. The product is used in oral care applications to provide effective cleaning and polishing performance. It is used in toothpaste formulations, primarily on account of its whitening and cleaning properties, to meet dentifrice requirements.
Application Insights
Based on application, rubber segment led the precipitated silica market with a revenue share of around 53.02% in 2022. The product is extensively used in the 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 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 6.46% over the forecast period. To add visco-elastic characteristics to liquid agrochemicals, precipitated silica is utilized. 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 product demand, especially from the toothpaste industry. In the production of transparent and medicated toothpaste, precipitated silica serves as a polishing, whitening, and cleansing ingredient. 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 agents. The silica grade of products for paints and coatings is utilized to provide enhanced efficiency in medium polar and non-polar solvents.
Regional Insights
The Asia Pacific held the largest revenue share of 42.76% 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.
Growing production of heavy commercial vehicles in the U.S. auto industry has led to rising demand for advanced and high efficient rubber tires, which is expected to have a positive influence on precipitated silica demand in the tire industry. For instance, in September 2021, Ford Motor Company announced plans to set up two new campuses in Tennessee and Kentucky, for the production of the electric F-Series trucks and batteries. These campuses will be environmentally and technologically advanced and the products are intended to power the future electric Ford and Lincoln vehicles. The production from these plants will begin in 2025.
Precipitated Silica Market Segmentations:
By Application
By Regional
Chapter 1. Introduction
1.1.Research Objective
1.2.Scope of the Study
1.3.Definition
Chapter 2. Research Methodology
2.1.Research Approach
2.2.Data Sources
2.3.Assumptions & Limitations
Chapter 3. Executive Summary
3.1.Market Snapshot
Chapter 4. Market Variables and Scope
4.1.Introduction
4.2.Market Classification and Scope
4.3.Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5.COVID 19 Impact on Precipitated Silica Market
5.1. COVID-19 Landscape: Precipitated Silica Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4.Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1.Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2.Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1.List of Suppliers
7.1.3.2.List of Buyers
Chapter 8. Global Precipitated Silica Market, By Application
8.1.Precipitated Silica Market, by Application Type, 2023-2032
8.1.1. Rubber
8.1.1.1.Market Revenue and Forecast (2020-2032)
8.1.2. Agrochemicals
8.1.2.1.Market Revenue and Forecast (2020-2032)
8.1.3. Oral Care
8.1.3.1.Market Revenue and Forecast (2020-2032)
8.1.4. Food
8.1.4.1.Market Revenue and Forecast (2020-2032)
8.1.5. Others
8.1.5.1.Market Revenue and Forecast (2020-2032)
Chapter 9. Global Precipitated Silica Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Application (2020-2032)
9.1.2. U.S.
9.1.2.1. Market Revenue and Forecast, by Application (2020-2032)
9.1.3. Rest of North America
9.1.3.1. Market Revenue and Forecast, by Application (2020-2032)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Application (2020-2032)
9.2.2. UK
9.2.2.1. Market Revenue and Forecast, by Application (2020-2032)
9.2.3. Germany
9.2.3.1. Market Revenue and Forecast, by Application (2020-2032)
9.2.4. France
9.2.4.1. Market Revenue and Forecast, by Application (2020-2032)
9.2.5. Rest of Europe
9.2.5.1. Market Revenue and Forecast, by Application (2020-2032)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Application (2020-2032)
9.3.2. India
9.3.2.1. Market Revenue and Forecast, by Application (2020-2032)
9.3.3. China
9.3.3.1. Market Revenue and Forecast, by Application (2020-2032)
9.3.4. Japan
9.3.4.1. Market Revenue and Forecast, by Application (2020-2032)
9.3.5. Rest of APAC
9.3.5.1. Market Revenue and Forecast, by Application (2020-2032)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Application (2020-2032)
9.4.2. GCC
9.4.2.1. Market Revenue and Forecast, by Application (2020-2032)
9.4.3. North Africa
9.4.3.1. Market Revenue and Forecast, by Application (2020-2032)
9.4.4. South Africa
9.4.4.1. Market Revenue and Forecast, by Application (2020-2032)
9.4.5. Rest of MEA
9.4.5.1. Market Revenue and Forecast, by Application (2020-2032)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Application (2020-2032)
9.5.2. Brazil
9.5.2.1. Market Revenue and Forecast, by Application (2020-2032)
9.5.3. Rest of LATAM
9.5.3.1. Market Revenue and Forecast, by Application (2020-2032)
Chapter 10.Company Profiles
10.1. Anten Chemical Co. Ltd.
10.1.1.Company Overview
10.1.2.Product Offerings
10.1.3.Financial Performance
10.1.4.Recent Initiatives
10.2. Huber Engineered Materials
10.2.1.Company Overview
10.2.2.Product Offerings
10.2.3.Financial Performance
10.2.4.Recent Initiatives
10.3. Evonik Industries AG
10.3.1.Company Overview
10.3.2.Product Offerings
10.3.3.Financial Performance
10.3.4.Recent Initiatives
10.4. PPG Industries, Inc.
10.4.1.Company Overview
10.4.2.Product Offerings
10.4.3.Financial Performance
10.4.4.Recent Initiatives
10.5. IQE Group
10.5.1.Company Overview
10.5.2.Product Offerings
10.5.3.Financial Performance
10.5.4.Recent Initiatives
10.6. Solvay S.A.
10.6.1.Company Overview
10.6.2.Product Offerings
10.6.3.Financial Performance
10.6.4.Recent Initiatives
10.7. PQ Corporation
10.7.1.Company Overview
10.7.2.Product Offerings
10.7.3.Financial Performance
10.7.4.Recent Initiatives
10.8. MLA Group
10.8.1.Company Overview
10.8.2.Product Offerings
10.8.3.Financial Performance
10.8.4.Recent Initiatives
10.9. Tosoh Silica Corporation
10.9.1.Company Overview
10.9.2.Product Offerings
10.9.3.Financial Performance
10.9.4.Recent Initiatives
10.10. Oriental Silicas Corporation
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11.Research Methodology
11.1.Primary Research
11.2.Secondary Research
11.3.Assumptions
Chapter 12.Appendix
12.1. About Us
12.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers