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Precipitated Silica Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
LONDON, GREATER LONDON, UNITED KINGDOM, February 18, 2025 /EINPresswire.com/ -- Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
The precipitated silica global market has witnessed exceptional growth in recent years and continues to analogously advance. It is anticipated to climb from $2.84 billion in 2024, culminating to $3.1 billion in 2025, marking a compound annual growth rate CAGR of 9.0%. This significant growth during the historical period can chiefly be accredited to the upsurging consumption in glassmaking applications, escalating investments in research and development, the rising use in electronics alongside recycling and waste management, and the booming use of e-commerce platforms.
What is the projected course for the precipitated silica market in the years to come?
The precipitated silica market is slated to witness considerable growth in the upcoming years. It is forecasted to burgeon to $4.31 billion in 2029, at a compound annual growth rate CAGR of 8.6%. The growth in the forecast period can be attributed to the resurgence in infrastructure development, expansion of building and infrastructure activities, sustainability and green initiatives, consumers' increasing awareness and preferences, and growth in the agricultural sector.
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What factors and gravities will be leading this growth?
One of the significant factors propelling the growth of the precipitated silica market is the expanding production of automotive tires. Automotive tires, the rubber casing fitted on wheel rims, offer grip, cushion road impacts, and bear the vehicle's weight. The production of these automotive tires is on the rise, primarily due to soaring vehicle demand, especially in burgeoning economies of developing regions. Precipitated silica increases tire functionality by enhancing fuel efficiency, grip, and lowering rolling resistance, leading to more durable tires. For instance, a report published by Statistics Canada in June 2024 disclosed that the total registered road motor vehicles in Canada amplified slightly by 0.3% in 2022 compared to 2021, reaching 26.3 million.
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Which are the prime corporations operating in this market?
The precipitated silica market is home to key players such as Pittsburgh Plate Glass Industries Inc., Evonik Industries AG, Solvay S.A., Imerys S.A., Tata Chemicals Limited, Sibelco Group, PQ Corporation, IQE Group, AMS Applied Material Solutions, MLA Group of Industries, Jinsha Chemical Plant, Oriental Silicas Corporation, Anmol Chemicals Group, Anten Chemical Co Ltd., Gujarat Multi-Gas Base Chemicals Private Limited, Supersil Chemicals India Private Limited, Quechen Silicon Chemical Co Ltd., Prakash Chemicals International Private Ltd., Agile Nobel Inc., Madhu Silica Pvt. Ltd., Tochu Corporation, and PAR Drugs and Chemicals Limited.
What future trends are likely to be observed in the global precipitated silica market?
Major players in the marketplace have begun developing advanced products like circular silica to further sustainability and meet growing consumer demand for environment-friendly products. Such initiatives have helped reinforce these companies' leadership in providing eco-friendly solutions for various industries.
How does the market segmentation look for the precipitated silica market?
The precipitated silica market can be segmented through various categories, including by Type Fine Powder, Ultrafine Powder, Microbeads, Lumpy, by Grade Rubber Grade, Food Grade, Industrial Grade, Cosmetic Grade, by Process Wet Process, Dry Process, by Application Additives, Free-Flow And Carrying Agents, Thickening Agents, Anti-Caking Agents, Battery Separators, Other Applications, and by End-Use Industry Rubber Industry, Food And Feed, Paints And Coatings, Adhesives And Sealants, Automobile, Personal Care And Cosmetics, Electronics, Agriculture, Other End-Use Industries.
Regional trends and insights show North America was the largest region in the precipitation silica market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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