Precipitated Silica Market Emerging Trends and Business Development Opportunities
The factors that are playing a major role in the growth of market are the developing industrial sector in emerging countries and the high demand from the tire and rubber industry.
(firmenpresse) - Global precipitated silica market is estimated to grow at a significant CAGR of 8.6% over the forecast period as the scope and its applications are rising enormously across the globe. Precipitated silica is a form of synthetic amorphous silicon dioxide; a powdered material with white color. It is formed by precipitation of a solution containing silicate salts.
The factors that are playing a major role in the growth of market are the developing industrial sector in emerging countries and the high demand from the tire and rubber industry. However, strict environment and utilization policy and slow economic recovery of the European states are the factors that may restrain overall market growth in the years to come. Precipitated silica market is segmented based on type, end-user, application, and region.
Non-rubber grade and rubber grade are the types that could be explored in precipitated silica in the forecast period. The rubber grade sector accounted for the substantial market share of precipitated silica and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising preference for precipitated silica.
Based on end-user, agriculture, automobile, electronics, cosmetics, and others could classify precipitated silica market in the forecast period. The automobile sector accounted for the substantial market share of precipitated silica and is estimated to lead the overall market in the years to come. The reason could be the rising demand for manufacturing high-quality tiers. In addition, precipitated silica sector is estimated to grow at the fastest pace in the years to come.
The market may be categorized based on applications like adhesives & sealants, rubber, coating & inks, personal care, food, fishing boats, and others could classify precipitated silica in the forecast period. Rubber sector accounted for the substantial market share of precipitated silica and is estimated to lead the overall market in the years to come. The reason could be the rising demand from end-users as it increases the durability and strength of rubber products. In addition, the personal care sector is estimated to grow at the fastest pace in the years to come.
Globally, Asia Pacific accounted for the substantial market share of precipitated silica and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of personal product and food processing industries in the region and a huge base of rubber in the region. The developing countries like India and China are the major consumers of precipitated silica in this region.
The key players of precipitated silica market are W.R. Grace, Solvay, PPG Industries, Evonik Industries, Anten Chemical, Tosoh Silica, Fuji Silysia Chemical, Kadvani Chemicals, Gujarat Multi-Gas Base Chemicals, and J.M. Huber. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Datum: 20.11.2019 - 04:16 Uhr
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News-ID 1554059
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Date of sending: 20.11.2019
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