Precipitated Silica Market Share

Global Precipitated Silica Market Overview

The Precipitated Silica Market Size was valued at USD 3.0 Billion in 2023. The precipitated silica industry is projected to grow from USD 3.5 Billion in 2024 to USD 4.76 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.9% during the forecast period (2024 - 2032). Precipitated silica is widely used in the rubber industry, especially in making tires & belts. Precipitated silica can provide greater tear strength and abrasion resistance than some other materials. Rubber and rice rollers use precipitated silica to increase abrasion resistance, stiffness, and tear resistance.

It serves as a reinforcing agent and offers greater tensile strength, durability, and longevity. Therefore, the global precipitated silica market has great potential of growth by the next decade. It is also is used in shoe soles due to its properties like resistance to wear and to tearing, its non-scuffing characteristics and to obtain compounds with light color or even transparent materials. Provides superior durability and resilience and improved modulus. Additionally, it improves tear strength due to its small particle size and complex aggregate structure for Conveyor Belt & Transmission belt.

The increased usage of silica sand for glass manufacturing is owing to its strong thermal shock resilience and low coefficient of thermal expansion, which prevents any change in the materials due to a fast change in temperature.  It is made of silicon dioxide (SiO2), which forms the glass's basis when it is melted at high temperatures. The purity and uniformity of the silica sand are critical to ensuring that the finished glass product has desirable attributes such as transparency, strength, and durability. Silica sand is the primary component of all conventional and specialty glasses

Precipitated Silica Market Trends

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  RAPID INDUSTRIALIZATION LEADING TO INCREASED CONSTRUCTION

  
  

The construction market is predicted to benefit from increased urbanisation and industrialization. As the middle class's wealth rises, so will their discretionary spending and consumption patterns, creating demand for construction and hence prospects for the usage of silica sand as the construction sector increases. The expansion of building and infrastructure activities is expected to improve product demand; its uses in construction include abrasives, concrete, and mortar. Silica is the principal component in a wide range of building and construction goods. Currently, silica sand has several applications in construction because it is quite beneficial in the production of high-quality concrete and mortars. Concrete is routinely employed in large quantities due to its adaptability and several performance benefits.

According to the Global Cement and Concrete Association, assuming current construction practises, the overall demand for concrete is predicted to rise from 14.0 billion m3, in 2021 to around 20 billion m3 in 2050. Hence with the growing demand for concrete the silica sand market is also expected to grow as silica is a primary material for producing concrete. Ground Silica acts as a functional extender, adding durability and anti-corrosion properties. It works like magic on epoxy-based compounds, sealants, and caulks. Whole grain silica sand is utilized in flooring compounds, mortar, cement, stucco, roofing shingles, and asphalt mixes.

INCREASING CONSUMPTION IN GLASSMAKING APPLICATIONS

One of the most prevalent forms of glass products is flat glass, often known as sheet glass or plate glass. According to Statistics, the global market value of flat glass market is expected to increase from USD 265.85 billion in 2020 to USD 400.38 billion in 2030, this is expected to substantially boost demand for silica sand. Industrial sand is used to make flat glass for automobiles and buildings.  It is utilised in a variety of applications, including windows, doors, and mirrors.

Flat glass manufacturing is heavily reliant on the purity and uniformity of the silica, which guarantees that the finished product is defect-free and retains its clarity and strength. Tempered glass, laminated glass, and glass used in electrical equipment are examples of specialty glass. Speciality glass manufacturing sometimes necessitates silica sand with specified qualities, such as ultra-high purity or a precise particle size distribution. These specifications guarantee that the speciality glass satisfies the performance and safety criteria of its intended use.

Precipitated Silica Market Segment Insights

Precipitated Silica Market By Grade Insights

The Precipitated Silica Market has been segmented into rubber grade, food grade, and non-rubber grade. The rubber grade segment accounted for the largest market share of 54.20% in 2022, with a market value of USD 1,377.70 million; it is expected to register a CAGR of 9.01% during the forecast period. The non-rubber grade segment accounted for the second largest market share in 2022, valued at USD  825.72 million; it is projected to exhibit a CAGR of 7.14% during the forecast period.

Precipitated Silica Market by Application Insights

Based on Application, the Precipitated Silica market has been segmented into additive, free flow & carrying agents, thickening agents, anti-caking agents, and others. The free-flow and carrying agents type segment accounted for the largest market share of 40.08% in 2022, with a market value of USD 1,027.82 million; it is expected to register a CAGR of 9.26% during the forecast period. The thickening agent segment accounted for the second largest market share in 2022, valued at USD 625.70 million; it is projected to exhibit a CAGR of 8.14% during the forecast period.

Precipitated Silica Market by End-Use Industry Insights

Based on End-Use Industry, the Precipitated Silica market has been segmented into the rubber industry, food & feed, automotive, paints & coatings, personal care & cosmetics, and others. The rubber industry segment accounted for the largest market share of 28.14% in 2022, with a market value of USD 689.14 million; it is expected to register a CAGR of 8.45% during the forecast period. The automotive segment accounted for the second largest market share in 2022, valued at USD 646.91 million; it is projected to exhibit a CAGR of 9.33% during the forecast period.

Precipitated Silica Market Regional Insights

By region, the global market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East & Africa. Among these, Asia-Pacific dominated the market with a share of 49.4%, accounting for USD 1,209.61 Million in 2021; it is expected to register the highest CAGR of 9.15% from 2022 to 2030. North America was the second largest with a share of 21.4% in 2021, sized at USD 523.74 million; it is projected to exhibit a CAGR of 7.84%.

Precipitated Silica Key Market Players & Competitive Insights

Many regional and local vendors characterize the precipitated silica market. The market is highly competitive, with all the players competing to gain maximum market share. The increasing precipitated silica demand in automobiles boosting the sales of precipitated silica is the key driver of the market.

he vendors compete based on cost, product quality, and the availability of the products according to the geographies. The vendors must provide cost-effective and high-quality Precipitated silica to compete in the market. The competitive scenario is fragmented between the tier-1, tier-2, and tier-3 companies, while tier-1 and tier-2 companies hold over 60% of the global market share.

Key Companies in the Precipitated Silica Market includes

• PPG Industries, Inc.


• Industrias Químicas Del Ebro SA


• Evonik Industries AG


• Tata Chemicals Ltd.


• AntenChem Co., Ltd.


• Solvay SA


• PQ Corporation


• Oriental Silica Corporation


• Tosoh Silica Corporation


• Madhu Silica Pvt. Ltd

Precipitated Silica Industry Developments

October 2021: PPG signed a strategic agreement with Oriental Silicas Corporation, which is a leading producer of silicas, sodium silicate, and factice products. In accordance with the agreement, Taiwan-based OSC of Greater China will serve as a sales representative for PPG silica product grades utilized by Asia-Pacific tire producers. The agreement includes PPG HI-SIL precipitated silica products with low and high surface areas, as well as PPG AGILON performance-treated silica. 

March 2020: Evonik launched SPHERILEX DP-0115, a patented precipitated silica for the matting of powder coatings in the portfolio of Evonik's Coating Additives business line. The SPHERILEX DP-0115 particle was developed using a patented process to minimize porosity and maximize sphericity, allowing for increased loading in powder coatings without affecting melt flow during cure.

Precipitated Silica Segmentation

Precipitated Silica Type Outlook

• Rubber Grade


• Food Grade


• Non-Rubber Grade

Precipitated Silica Paints & Coatings Application Outlook

• Additive


• Free-Flow and Carrying Agents


• Thickening Agents


• Anti-Caking Agent


• Others

Precipitated Silica End-Use Industry Outlook

• Rubber Industry


• Food & Feeds


• Automotive


• Paints & Coatings


• Personal Care & Cosmetics


• Others

Precipitated Silica Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • Russia
  
  
  • UK
  
  
  • Italy
  
  
  • France
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • Rest of World
  
  
  
  


• Middle East
  
  
  
  • Africa
  
  
  • Latin America