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Demand for Precipitated Silica to Reach 3.8 Million Metric Tons by 2025
By: Industry Experts Inc.
Precipitated silica offers several advantages in the production of tires compared to its counterpart carbon black. It improves tensile strength, abrasion resistance, and yields a lower rolling resistance and better wet grip at equal wear resistance than carbon black. In the tire industry, both conventional and highly dispersible precipitated silicas are used. 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 response to the burgeoning demand from the tire industry for precipitated silica, several industry players such as Evonik, Solvay and PPG Industries has ramped their production capacities in the recent past.
Asia-Pacific is the largest region for the global precipitated silica market with 56.2% share in 2019, followed by Europe with 25.3%. The region is also forecasted to lead the growth of global precipitated silica market at a 2019 to 2025 CAGR of 7.6% to reach 2.3 million metric tons by 2025.
The global precipitated silica market is segmented, for the purpose of this study, in to five major regions namely North America, Europe, Asia-Pacific, South America and Rest of World. The regional markets further analyzed for 14 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; and South America – Brazil.
This 320 page global precipitated silica market report includes 181 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report profiles 11 key global players and 48 major players across the North America – 6; Europe – 6; Asia-Pacific – 31; South America – 4; and Rest of World – 1. The report also provides the listing of the companies engaged in research & development, manufacturing and supply of precipitated silica. The global list of companies covers addresses, contact numbers and the website addresses of 70 companies.
California, USA based Industry Experts, Inc. (http://industry-
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Industry Experts Inc.