Precipitated Silica Market for Rubber, Personal Care, Agrochemicals, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023: Transparency Market Research
ALBANY, New York, February 18, 2016 /PRNewswire/ --
According to the research report, the global precipitated silica market was valued at US$ 2.11 Billion in 2014 and is anticipated to reach US$ 3.49 Billion by 2023, expanding at a CAGR of 5.8% between 2015 and 2023.
Precipitated silica is a compound produced by the precipitation of silica (SiO2). On an industrial scale, precipitated silica is manufactured using sodium silicate and sulfuric acid. Precipitated silica finds applications in rubber, personal care, agrochemicals, and others (coatings, etc.).
Growing demand for environment-friendly alternatives in the automotive industry is estimated to be one of the major factors driving the precipitated silica market. Growth of the toothpaste industry is projected to augment the market in the near future. Increasing pollution and subsequent deterioration of air quality has induced several regions to adopt stringent emission norms. These norms are remarkably stringent in the U.S., Canada, and Eurozone. Carbon dioxide emission is one of the key factors affecting the automotive market in these regions. Hence, the automotive industry is always looking for environment-friendly alternatives that can aid in reducing emissions in their manufactured automobiles. Adding precipitated silica to tire treads is anticipated to reduce carbon dioxide emission by 45 million tons annually in the U.S. alone.
Browse the full Research Report at http://www.transparencymarketresearch.com/precipitated-silica-market.html
Precipitated silica is used as a thickening agent in toothpastes. Growing awareness about oral hygiene has driven the toothpaste market in the past few years. The trend is expected to continue during the forecast period, making the toothpaste market one of the key drivers of the precipitated silica market.
Rubber was the major application segment, accounting for nearly two-third share of the global precipitated silica market in 2014. The tire and footwear industries accounted for a major share of the rubber application segment of the precipitated silica market. The rubber application segment is anticipated to continue its dominance in the precipitated silica market during the forecast period. Personal care was the second-largest application segment of the precipitated silica market in 2014. The segment is expected to continue its dominance during the forecast period.
Asia Pacific dominated the global precipitated silica market accounting for nearly half of the market in terms of volume in 2014. This trend is anticipated to continue during the forecast period. Asia Pacific is likely to be the fastest growing market in the next few years due to high growth in several end-use industries in emerging economies such as India and China.
Get Sample Report, Segments or table of Contents as per your Requirements: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3126
Major players operating in the precipitated silica market include Evonik Industries AG, Solvay S.A., PPG Industries, Inc., and Oriental Silicas Corporation.
The Global Precipitated Silica Market has been segmented as follows:
Precipitated Silica Market - Application Analysis
- Rubber
- Personal Care
- Agrochemicals
- Others (coatings, etc.)
Precipitated Silica Market - Regional Analysis
North America
- U.S.
- Rest of North America
Europe
- U.K.
- Spain
- France
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- ASEAN
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
Browse In detail Regional Analysis: http://www.europlat.org/global-precipitated-silica-market.htm
Browse Other Research Reports:
- Sodium Silicate Market: http://www.transparencymarketresearch.com/global-sodium-silicate-market.html
- Silica Flour Market: http://www.transparencymarketresearch.com/silica-flour-market.html
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
Mr. Sudip S
State Tower
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Blog: http://www.europlat.org/category/news/chemical-industry-news
SOURCE Transparency Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article