Precipitated silica market is expected
to reach USD 3.69 billion by 2022, according to a new report by Grand View
Research, Inc. The market is expected to witness substantial growth on account
of its extensive use in rubber, toothpaste, and food industry. Growing demand
for rubber grade products is expected to propel precipitated silica
demand.
Rubber has
extensive usage in the automotive, construction, industrial and consumer goods
segment. Growing use of precipitated silica in rubber and tire industry is
expected to boost precipitated silica market demand. The compound has profound
usage as reinforcement fillers in tire and rubber industry. The product offers
benefits such as improved flex fatigue resistance, rubber tear strength, heat
build-up, adhesion, abrasion resistance, modulus, and hardness. Furthermore,
the compound is used to enhance tear resistance, abrasion resistance, &
tensile strength and improve wet traction performance as well as rolling
resistance of the tires.
Increasing
use of the compound in pesticides is expected to spur demand over the forecast
period. Furthermore, they are extensively used as carrier and diluents on
account of properties such as compatibility, higher absorption, and improved
stability with toxicants and other active ingredients. Furthermore, this
product has extensive usage as dispersing, grinding and wetting aid and
improves suspension behavior in liquid chemicals.
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Further key findings from the study suggest:
- Rubber application accounted for over 60% of the overall revenue share in 2014. Rubber grade silica is used in tire industry, wherein it helps to reduce rolling resistance, and increase grip of the tires. Increasing utilization of the compound in tires as replacements for carbon blacks provides better anti-skid properties and improved tensile and tear strength, which is further anticipated to fuel demand. Furthermore, growing use of precipitated silica as a reinforcement agent in tire as well as rubber formulations is also expected to favorably impact the market.
- Agrochemicals market is expected to witness significant growth over the forecast period due to its extensive use in applications as free flow agents on account of its higher absorption ability and improved chemical stability. Growing use of the compound as absorbent carriers and flow conditioners to improve suspension behavior and storage stability in liquids is expected to propel the demand.
- Europe accounted for over 19% of the revenue share in 2014. Increasing use of the compound in rubber segment, particularly micro sheets, rice rollers, thermoplastic rubber, PVC sheets, and shoe soles is expected to propel demand. The product is used in transmission and conveyor belts wherein it improves tear strength and imparts high degree of reinforcement to elastomer compounds. Additionally, the product is also used in shoe soles on account of its non-scuffing and wear resistant characteristics, wherein it provides resilience and durability.
- Precipitated silica manufacturers offer their products through different distribution channels which includes direct supply agreement, and vendors & distributors. Key precipitated consumers include Kadvani Chemicals Pvt. Ltd., and Oriental Silicas Corporation. Furthermore, companies such as PQ Corporation, PPG Industries, Inc, Madhu Silica Pvt. Ltd and Solvay are engaged in manufacturing, distribution and end-use.
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About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
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Grand View Research, Inc
Phone: 1-415-349-0058
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Email:
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