Precipitated Silica Market – Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2014 – 2020 Precipitated silica is silica produced by the reaction of an acid such as sulfuric acid with alkali….
Market info for precipitated silica
Precipitated Silica Market – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2014 – 2020
Precipitated silica is silica produced by a reaction of an acid such as sulfuric acid with alkaline silicate at elevated temperature. Sodium silicate is the most dominant alkaline silicate employed in the production of precipitated silica. The silica is produced by precipitation, in presence of reactants by stirring the solution. The properties of silica vary depending on several factors including reactants, temperature, and duration of the reaction. Precipitated silica dominates the global demand for silica.
Major application segments for precipitated silica include rubber, cosmetics, chemicals, plastic, adhesives, and packaging among others.
Rubber followed by chemical production dominates the global demand for precipitated silica. Major end-use industries for precipitated silica include automobiles, cosmetics, agriculture, and electronics among others. Electronics is anticipated to be the fastest growing end-use industry for precipitated silica.
Rubber is among the foremost application segments for precipitated silica and the trend is expected to continue in the near future. Tire production dominates the global demand for rubber; therefore high growth in the automobile market has been among the major factors driving demand for precipitated silica. High growth in a global electronic market driven by increasing demand for consumer electronics is anticipated to drive demand for precipitated silica during the forecast period.
High growth in the personal care and cosmetics market is also anticipated to be among the major factors driving demand for precipitated silica.
The environmental hazards associated with the production of precipitated silica have led to an increase in government regulations in the market. Environmental regulations are among the major factors restraining demand for precipitated silica. High growth in the coatings market is anticipated to offer huge growth opportunities for the precipitated silica market.
Growth in the manufacturing industry and high GDP growth in the emerging economies of India and China has led to growth in several end-user segments such as automobiles, plastics, and agriculture among others. On account of this, Asia Pacific has been dominating the global precipitated silica market both in terms of production and consumption, and this trend is expected to continue during the forecast period. In 2013, North America was the second largest market for precipitated silica.
Moreover, demand for precipitated silica in North America is anticipated to grow at a sluggish rate primarily owing to market saturation in several end-use industries includes including automobiles and plastic among others. Increasing environmental regulations are anticipated to restrain demand for precipitated silica in North America and Europe.
However, reviving demand for automobiles in Europe is anticipated to boost precipitated silica market growth. High growth in the developing economies of South America and Africa is expected to drive demand for precipitated silica in the RoW region. RoW is anticipated to be the fastest-growing region for the precipitated silica market for the next six years.
The precipitated silica market is fragmented and a major portion of the global market share is constituted by regional players.
Therefore, the precipitated silica market has high price sensitivity. Moreover, low capital investment has increased the threat of new entrants in the market mainly in the developing economies. There has been a surge in investment by major players in emerging economies.
Some of the major players in the precipitated silica market include Akzo Nobel NV, Bayer AG, Cabot Microelectronics Corporation, DuPont (EI) de Nemours, Anten Chemical Limited, Multisorb Technologies Inc, Huber (JM) Corporation, Industrias Quimicas del Ebro SA, Nalco Holding Company, Nissan Chemical Industries Limited, Zeolitemin among others.