"Global Precipitated Silica market will attain $3.86 billion revenue by 2029," says new Visiongain re
In 2019 Asia Pacific Precipitated Silica Market accounted for more than 30% of overall market share due to growth in manufacturing sector and growing GDP in the emerging economies of China and India. In addition, North America's demand for precipitated silica is expected to expand at a sluggish pace mainly due to market saturation in several end-use sectors including automotive and plastic sectors, among others. Increasing environmental regulations are expected to restrict North America and Europe's demand for precipitated silica. However, it is expected that reviving demand for cars in Europe will increase precipitated development in the silica industry.
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The precipitated silica market is highly fragmented and regional players make up a significant part of the worldwide market share. Therefore, there is high price sensitivity to precipitated silica market. In addition, low capital investment has increased the risk of fresh market entrants, primarily in developing economies.
The Precipitated Silica Market Report 2019-2029 report will be of value to anyone who wants to better understand the precipitated silica market and its various segments.
Notes for Editors
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