Evonik Industries, in May 2021, had designed a new, active filler called Ultrasil 4000 GR using low-surface-area (LSA) silica for the rubber and tire industry. R&D and product innovation are among the major priorities among manufacturers as they look to strengthen their foothold in the global market. are some of the prominent players involved in the precipitated silica business. PPG Industries, Solvay SA, Evonik Industries, Huber Engineered Materials, Tosoh Silica Corporation, Madhu Silica Pvt. In addition, the rising consumer awareness towards oral health, the increasing occurrence of oral health problems, and a massive geriatric population base will bolster the regional industry outlook.
The automotive sector is a major end-user of rubber, plastics, and paints & coatings, all of which require precipitated silica during manufacturing. The presence of major automakers in the region and the rise in automotive production will present promising opportunities to the regional manufacturers. In terms of the geographical outlook, the North America precipitated silica industry is expected to experience commendable growth throughout the analysis period 2021-2027. The demand for anticaking and thickening agents in food processing will boost the demand for precipitated silica in the future. Due to the changing lifestyles of consumers, the growth in urbanization, and demographic changes, the consumption of processed foods has increased significantly over the years. The substance helps enhance the consistency and optimize the flow characteristics of food products. this is owing to its high absorption capacity and purity. In food processing, the product is generally used as an anticaking agent in edible salts and powered food products. Consequently, the expansion of these sectors, particularly in emerging Asia Pacific countries, will benefit precipitated silica providers immensely.Ĭonsidering the application landscape, the food sector is likely to hold a notable share of the precipitated silica market through 2027. The automotive and construction sectors are among the major end-users of plastics, rubber, and different types of paints and coatings. The growing application across rubber, plastic, paints & coatings, and other sectors will also create tremendous growth opportunities for the precipitated silica industry. The aforementioned factors along with the increasing consumer awareness towards oral hygiene will positively influence the market forecast.
Meanwhile, the consumption of processed food is increasing owing to lifestyle changes of consumers. The need to boost agricultural yield in order to meet the global food demand is augmenting the consumption of agrochemicals globally. Precipitated Silica Market growth during the forecast period 2021-2027 will be primarily driven by the consistent product demand in food, agrochemicals, oral care, and other areas.
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