Precipitated Silica Market Size, Share, Growth Analysis Report 2032

Precipitated Silica Industry Prospective:

The global precipitated silica market size was evaluated at $2,300 million in 2023 and is slated to hit $4,200 million by the end of 2032 with a CAGR of nearly 7.2% between 2024 and 2032.

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Precipitated Silica Market: Overview

Precipitated silica is a white & powdery material and is an amorphous form of silica. It is manufactured through the precipitation of a solution comprising silicate salts. Reportedly, the three key classes of the product include silica gel, pyrogenic silica, and precipitated silica.

Key Insights

•  As per the analysis shared by our research analyst, the global precipitated silica market is projected to expand annually at the annual growth rate of around 7.2% over the forecast timespan (2024-2032)
• In terms of revenue, the global precipitated silica market size was evaluated at nearly $2,300 million in 2023 and is expected to reach $4,200 million by 2032.
• The global precipitated silica market is anticipated to grow rapidly over the forecast timeline owing to humungous penetration of the product in various end-use sectors such as automotive, personal care items, and consumer goods sectors.
• In terms of application, the agrochemicals segment is slated to register the highest CAGR over the forecast period.
• Region-wise, the North American precipitated silica industry is projected to register the fastest CAGR during the projected timespan.

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Precipitated Silica Market: Growth Factors

Huge product usage in various end-use sectors to boost the global market expansion by 2032

Humungous penetration of the product in various end-use sectors such as automotive, personal care items, and consumer goods sectors will prompt the global precipitated silica market. In addition to this, flourishing construction activities and technological innovations will prop up the global market expansion. Growing health benefits offered by silica products will steer the growth of the market globally. Additionally, favorable government schemes will embellish the expansion of the market globally. Massive use of silica for filtering water is likely to spur the global market surge in the years ahead. For instance, Pall Corporation and DuPont make use of silica in filtering water.

Precipitated Silica Market: Restraints

Surging prices of product can retard the global industry expansion over 2024-2032

Growing product costs and the toxic nature of the product can put brakes on the global precipitated silica industry in the years ahead. Supply chain disruptions can pose a huge threat to global industry expansion in the years ahead.

Precipitated Silica Market: Opportunities

Rise in the purchase of consumer electronics goods to open new growth avenues for the global market

Large-scale use of product in rubber, dental health care, defoamer, pharmaceuticals, and food rheology modifiers will boost the growth of the global precipitated silica market. Flourishing electronics and semiconductors sectors are anticipated to open new growth dimensions for the global market.

Precipitated Silica Market: Challenges

Easy access to substitute products can challenge the global industry surge over analysis timeline

Strict government laws related to the production and use of precipitated silica can challenge the growth of the global precipitated silica industry. In addition to this, the easy availability of alternate products and a rise in raw component costs can result in the decimation of the global industry growth in the coming years.

Precipitated Silica Market: Segmentation

The global precipitated silica market is divided into application and region.                                          

In terms of application, the precipitated silica market across the globe is bifurcated into rubber, food, oral care, and agrochemicals segments. Additionally, the agrochemicals segment, which gained approximately 47% of the global market revenue in 2023, is projected to record the highest CAGR in the forecast time interval. The expansion of the segment in the next few years can be due to the ability of the product in adding visco-elastic features to liquid agrochemicals. In addition to this, precipitated silica finds large-scale applications as milling aid, process aid, anti-cracking aid, and free-flowing aid in solid agrochemicals.

Precipitated Silica Market: Report Scope

Precipitated Silica Market: Regional Insights

Asia-Pacific is expected to maintain leadership rank in the global market during the forecast timeframe

Asia-Pacific, which accounted for 43% of the global precipitated silica market revenue in 2023, is predicted to establish a key position in the global market in the coming eight years. In addition to this, the regional market expansion in the forecast timespan can be attributed to large-scale industrialization, a surge in the manufacture of vehicle tires, and the flourishing construction sector. Furthermore, China is the largest end-user of precipitated silica across the globe and this will contribute majorly towards the growth of the market in the region. Additionally, a rise in the fund allocation for developing electric vehicles coupled with a rise in product penetration in oral care and rubber will steer the regional market expansion.

North American precipitated silica industry is predicted to register the highest growth rate annually in the coming eight years. The growth of the industry in the region can be due to surging demand for precipitated silica in rubber applications in the region. Apparently, the surging manufacture of heavy vehicles in the U.S. will embellish the expansion of the industry in the region.

Key Developments

• In the first half of 2024, Evonik Industries is predicted to increase the manufacture of precipitated silica in the U.S.
• In January 2023, Solvay SA introduced bio-circular silica in Europe along with its focus on expanding its presence in North America.

Precipitated Silica Market: Competitive Space

The global precipitated silica market profiles key players such as:

• Solvay SA
• Anten Chemical Co. Ltd.
• PPG Industries Incorporated
• IQE Group
• Huber Engineered Materials
• W.R. Grace & Co.
• PQ Corporation
• Madhu Silica Pvt. Ltd
• Evonik Industries
• MLA Group
• Tosoh Silica Corporation

The global precipitated silica market is segmented as follows:

By Application

• Rubber
• Food
• Oral Care
• Agrochemicals

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa