Increasing Demand From the Rubber and Tire Industry is driving Precipitated Silica Market
Precipitated Silica Market by End-Use Industry (Automobiles, Cosmetics, Electronics, Agriculture), by Application (Rubber, Personal Care, Food, Battery Separator, Coating & Inks, Adhesives & Sealants), & by Region - Global Forecast to 2021.
Browse 127 market data Tables and 39 Figures spread through 163 Pages and in-depth TOC on "Precipitated Silica Market”.
The automobile end-use industry segment accounted for the largest share of the global precipitated silica market in 2015. There is a high rise in the usage of precipitated silica for manufacturing of high quality tires that comply with the tire labelling norms. There is also a high demand for precipitated silica for the production of hoses, tubes, gaskets & seals, belts, and other products that are used in the automobile industry.
Among all applications, rubber is the fastest-growing segment in the precipitated silica market. There is a high demand for precipitated silica from the rubber industry as it acts as a reinforcing filler and increases the strength and durability of rubber products. It is mainly used in the production of tires, tubes, hoses, gaskets & seals, conveyor belts, footwear, and many other rubber products. The personal care application segment is the second-largest as there is a high demand for personal care products such as toothpastes, cosmetics, and others.
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Evonik Industries AG is one of the leading manufacturers of precipitated silica, globally. The company is focused on maintaining its position in the precipitated silica and specialty silica markets through strategies such as new product expansions and developments.
For example, Evonik Industries expanded its precipitated silica production in Japan, by opening a new production facility for surface modified AEROSIL in Yokkaichi. This expansion will benefit its customers with better product availability and shorter lead times for the product supply. This launch also helped the company to expand its product line and provide operational, cost, and environmental efficiencies to its customers.
PPG Industries Inc., is another key player in the precipitated silica market and has presence in several regions across the globe. PPG Industries, Inc. offers economical as well as environment-friendly and cost-efficient products and services to help customers in meeting environmental standards.
Asia-Pacific was the largest market for global precipitated silica market in 2015
Asia-Pacific was the largest market for precipitated silica market in 2015, owing to the rise in demand of precipitated silica in this region. This increased demand can be attributed to the growing demand for automotive tires, personal care products such as toothpastes, footwear, and pesticides in the region. China, India, and Japan are the leading countries in terms of production and consumption of precipitated silica in Asia-Pacific. Low cost of raw materials and labor as well as the high demand from end-use industries such as tires, toothpastes, and others is expected to drive the growth of the precipitated silica market in these countries.
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