Global precipitated silica market is expected to witness significant growth over the next six years owing to increasing usage in major end-use industries including automobile, electronics, cosmetics and agriculture.Precipitated silica is used as a filler and softener in rubber, which finds application in tire production. Significant automotive market growth across the globe is expected to drive the overall precipitated silica market over the foreseeable period. Precipitated silica is used as a cleaning, thickening, and polishing agent in toothpaste for oral health care. Surge in population growth in emerging countries such as India, South East Asia and China is expected to drive the regional market.
Growing electronics market owing to increasing mobile phones, home appliances, and electronic gadgets demand is likely to fuel the market growth. Precipitated silica is used in pharmaceuticals and food processing industries as an anti-caking agent. Growing processed food demand owing to shift in trend toward packaged food among consumers is expected to be the major factor driving the global precipitated market over the next six years.
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Precipitated silica also finds application in natural and synthetic adhesives, as it has superior abrasion and tear resistance over other materials. Increasing adhesives demand in major end-use industries including furniture and building & construction is anticipated to have positive impact on global precipitated silica market over the foreseeable period. Stringent government regulations associated with precipitated silica production is expected to hinder the market growth over the forecast period. However, growing coating market is expected to provide an ample opportunity for the existing as well as new entrants in the market.
Asia Pacific was the major precipitated silica market in 2013, and the trend is likely to continue over the foreseeable period. Interest rate reductions, possible incentives in newly released annual budget, and increasing health care products demand is expected to be the major factor demand driving the market in India. China’s automotive market is expected to witness significant growth over the next six years.
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This positive outlook is expected to be the major factor driving the market in Asia Pacific. Also surging demand for smartphones, home appliances, and computer is expected to drive the electronics market in China, which in turn likely to propel Asia Pacific precipitated silica market over the forecast period. North America is the second major precipitated silica market. Moreover, North America market is expected to witness stagnant growth over the forecast period owing to slow down of industries including automobile and plastics. Stringent government regulatory system and their guidelines are further expected to hinder the market growth in North America.
Growing automobile industry in Germany is likely to propel European precipitated silica market over the next six years. However, increasing environmental concern is expected to restrain the market growth in this region. Growing automotives, construction, cosmetics and agricultural demand in emerging nations such as Brazil and Argentina is also presumed to be beneficial for the overall regional market growth over the next six years.
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Precipitated silica market is dynamic in nature due to high dominance from regional market players. Low capital investment is a major threat to the existing global players mainly in developing economies. Some of the key players operating in precipitated silica market globally include DuPont, Cabot Microelectronics Corp., Bayer AG, Akzo Nobel, Multisorb Technologies Inc., Fuji Silysia Chemical Ltd., Nissan Chemical Industries, Nalco Holding Company, Huber (JM) Corp., Supersil Chemicals Pvt. Ltd., Evonik Industries, Rhodia, Madhu Silica Pvt. Ltd.
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