The report analyzes the market for the key applications of Precipitated Silica including: The industry guide includes the contact details for 70 companies.Key business trends focusing on product innovations/developments, M&As, JVs, and other recent industry developments.
Silica Producers Expand Capacities in Response to Demand from the Tire Industry.Performance of Highly Dispersible Silica Surpasses Conventional Precipitated Silica.The study exclusively analyzes the market size of Precipitated Silica in each major region/country globally for the analysis period.The market for Precipitated Silica is explored in this study with respect to major applications.
The region is also forecasted to lead the growth of the global precipitated silica market at a 2019 to 2025 CAGR of 7.6% to reach 2.3 million metric tons by 2025. In response to the burgeoning demand from the tire industry for precipitated silica, several industry players such as Evonik, Solvay, and PPG Industries have ramped their production capacities in the recent past.Īsia-Pacific is the largest region for the global precipitated silica market with a 56.2% share in 2019, followed by Europe with 25.3%. Highly dispersible precipitated silica is used in tires due to its better dispersibility making it better reinforcing filler in tires than conventional precipitated silica. In the tire industry, both conventional and highly dispersible precipitated silicas are used. It improves tensile strength, abrasion resistance, and yields a lower rolling resistance and better-wet grip at equal wear resistance than carbon black. Precipitated silica offers several advantages in the production of tires compared to its counterpart carbon black.
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