Precipitated Silica Market Size/Share To Surpass USD 4.39 Billion By 2030: Exactitude Consultancy
Precipitated Silica
Precipitated Silica: Versatile Material Revolutionizing Tire Manufacturing, Rubber Industries, and Sustainable Solutions
LUTON, BEDFORDSHIRE , UNITED KINGDOM, April 24, 2024 /EINPresswire.com/ -- ๐๐๐ญ๐๐ฉ๐ฎ๐ฅ๐ญ ๐๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐จ ๐ ๐จ๐ซ๐, ๐๐๐ข๐ง ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐
The Latest Research report on โglobal Precipitated Silica Market Report 2023 โ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ, ๐๐๐ญ๐๐ฌ๐ญ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐จ ๐๐๐๐โ offers strategic visions into the global Precipitated Silica market along with the market size (๐๐จ๐ฅ๐ฎ๐ฆ๐ โ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ง๐ข๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ง๐ฎ๐ โ ๐๐$ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง) and estimates for the duration 2023 to 2029.ย
The rising demand from rubber, agrochemicals, and oral care industries is the major factor driving the growth of the industry. Tires are the largest application of precipitated silica. Therefore, the market is significantly driven by the dynamics of the global automotive market. Rising disposable income in the Asia Pacific has led to the huge production of automobiles in the region. Asia Pacific is the biggest manufacturer of automobiles in the world which makes Asia Pacific a significant market for precipitated silica.
The Global Precipitated Silica Market Is Expected To Grow At 9.6% CAGR From 2024 to 2030. It Is Expected To Reach Above USD 4.39 Billion By 2030 From USD 2.31 Billion In 2023.
Demand for precipitated silica for fuel-efficient tires is expected to propel aligning to continued reduction in automotive fuel consumption along with an inclination towards vehicle electrification. Governments across the world are creating policies to push the usage of fuel-efficient tires. For instance, in May 2022, the Indian government announced that they are going to bring a new star rating rule to the tire industry. Tires are expected to be rated on the basis of their ability to save fuel, prevent skidding, and ensure safety.
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ
https://exactitudeconsultancy.com/reports/17026/precipitated-silica-market/#request-a-sample
Some of the important players in Precipitated Silica market are:
Evonik Industries AG, PPG Industries Inc., W.R. Grace & Co., Tosoh Silica Corporation, Solvay SA, Huber Engineered Material, Orientable Silica Corporation, QUECHEN, Madhu Silica Pvt. Ltd., and Tata Chemical Ltd. and other.
Precipitated Silica Market Segmentation:ย
This research report categorizes the Precipitated Silica market into the following segments and subsegments:
Precipitated Silica Market By Application, 2020-2030, (Usd Billion) (Kilotons)
Rubber
Personal Care
Food
Battery Separator
Coating & Inks
Adhesives & Sealants
Precipitated Silica Market By End User, 2020-2030, (Usd Billion) (Kilotons)
Automobile
Cosmetic
Electronic
Agriculture
๐๐ก๐ ๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ข๐ณ๐ ๐๐ง๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ญ๐ข๐ฅ๐ฅ ๐๐๐๐ ๐๐จ๐ซ ๐๐ฅ๐ฅ ๐ญ๐ก๐ ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐ฌ๐ฎ๐-๐ซ๐๐ ๐ข๐จ๐ง๐ฌ ๐ก๐๐ฏ๐ ๐๐ฅ๐ฌ๐จ ๐๐๐๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ.
๐๐๐ ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐จ๐ฌ๐๐ ๐๐ซ๐: North America, Europe, Asia Pacific, Oceania, South America, geographical region & continent
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ ๐๐ซ๐๐๐ค-๐๐ฉ: u. s., Canada, Mexico, Brazil, Argentina, Colombia, Chile, Nigeria, Tunisia, Morocco, Germany, uk (UK), Holland, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, China, Japan, Taiwan, South Korea, Singapore, India and Australia etc.
The Asia Pacific held the largest revenue share of 42.7% 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.
๐๐ ๐ฒ๐จ๐ฎ ๐ฐ๐๐ง๐ญ ๐ญ๐จ ๐ค๐ง๐จ๐ฐ ๐ฆ๐จ๐ซ๐: https://exactitudeconsultancy.com/reports/17026/precipitated-silica-market/
๐๐ง๐๐ฅ๐ฎ๐๐ง๐๐ ๐จ๐ ๐ญ๐ก๐ Precipitated Silica ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ:
โ Comprehensive assessment of all opportunities and risk in the Precipitated Silica market.
โ Precipitated Silica market recent innovations and major events.
โ Detailed study of business approaches for the growth of the market-leading players.
โ Conclusive study about the expansion plot of the market for forthcoming years.
โ In-depth understanding of market-specific drivers, constraints and major mini-markets.
โ Favorable impression inside vital technological and market latest trends striking the Precipitated Silica market.
Rise in Demand for Cosmetics Products Fueling Market Expansion
The cosmetics and personal care sector has been growing rapidly since the last few years due to changing lifestyles, rise in disposable income of consumers, and increase in awareness aboutย skin care. Precipitated silica is used in cosmetics and personal care products due to its capacity to act as a suspending, anti-caking, bulking, abrasive, and opacifying agent.
Pressing Need for Sustainable and Green Tires in Automotive Sector
The global automobile business has grown significantly across the globe, notably in Asia Pacific, over the last few years. In recent years, the production of environmentally friendly and low-pollution tires, also known as green tires, has increased consistently. This has resulted in the gradual replacement ofย carbon blackย with high-dispersion precipitated silica.
๐๐๐ฒ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ
(1) What was the size of the global Precipitated Silica market in 2022?
(2) What is the expected growth rate of the global Precipitated Silica market during 2023-2028?
(3) What are the key factors driving the global Precipitated Silica market?
(4) What has been the impact of COVID-19 on the global Precipitated Silica market?
(5) What are the key regions in the global Precipitated Silica market?
(6) Who are the key players/companies in the global Precipitated Silica market?
๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฉ๐-
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๐๐จ ๐๐จ๐ฎ ๐๐๐ฏ๐ ๐๐ง๐ฒ ๐๐ฎ๐๐ซ๐ฒ ๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ข๐ง๐ค๐ฌ:
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https://exactitudeconsultancy.com/ko/reports/17026/precipitated-silica-market/
https://exactitudeconsultancy.com/ja/reports/17026/precipitated-silica-market/
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https://exactitudeconsultancy.com/iw/reports/17026/precipitated-silica-market/
๐๐ง๐ช๐ฎ๐ข๐ซ๐:
Irfan T
Exactitude Consultancy
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