DUBLIN--(BUSINESS WIRE)--The "Specialty Silica Market Size, Share & Trends Analysis Report By Product (Precipitated, Silica Gel, Colloidal, Fumed), By Application (Rubber, Paints & Coatings, Food), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global specialty silica market size is anticipated to reach USD 11.43 billion by 2025.
It is anticipated to register a CAGR of 9.4% during the forecast period. Rising demand from rubber, food, healthcare, and coatings industries is the significant factor influencing the market growth.
Precipitated silica and carbon black are the major ingredients used as reinforcing filler in tires to improve adhesion and to enhance tire tread wear resistance. Currently, precipitated silica is used in conjunction with carbon black as a reinforcing filler for tires. However, the trend is shifting towards the complete replacement of carbon black by precipitated silica, owing to the eco-friendly nature and superior performance delivered by the latter.
Specialty silica is widely employed in the manufacturing of green tires. Silica-filled tires are widely used as they aid in decreasing rolling resistance of an automotive which results in improved mileage and better handling. Rising demand for green tires, particularly from Asia Pacific, North America, and Europe is expected to have a positive impact on the market over the next seven years.
The product is used as non-reactive filler on account of its high absorption capacity and large surface area. It is used as thickening and reinforcing agent in adhesives. It has profound usage in conveyor as well transmission belts, wherein it provides abrasion resistance, high tensile strength, and improves tear resistance. Specialty silica is also utilized to eliminate caking tendency and to improve powder flowability, stability during storage, and the productivity of agrochemical products. It also finds application in food industry as a flavor carrier. This, in turn, is projected to drive the growth in near future.
The market is expected to foresee highest penetration in the coatings industry. Fumed silica is primarily utilized in paints and coatings as an anti-settling and a thixotroping agent to control rheological characteristics and to help resist rust and corrosion. Products like fumed silica must be added in concentrations between 0.5% and 2% for coatings application.
The competitive landscape of the specialty silica market reflects a number of companies currently engaging in capacity extensions to enhance their market position. For instance, in October 2018, Evonik started a precipitated silica plant in South Carolina to meet the increasing demand from tire industry in North America.
Further key findings from the report suggest:
- Rubber led the market in 2018 with a revenue share of 29.2% owing to extensive utilization of precipitated silica in reinforcement of rubbers
- In terms of volume, precipitated silica acquired the highest market share of around 66.3% in 2018, owing to its wide application scope in rubber, food and healthcare, plastic, abrasive, and coatings
- In terms of revenue, coatings application is estimated to witness the fastest CAGR of 11.2% as a result of expanding construction sector in Asia Pacific
- Asia Pacific was the largest regional market with a revenue share of 40.0% in 2018 owing to rapid production of tires and construction activity in the region
- Evonik Industries, Cabot Corporation, Akzo Nobel N.V., PPG Industries, and Solvay SA are among the top manufacturers in the specialty silica market. Price modification owing to volatility in raw material prices and capacity expansion on account of rising demand and are the key strategies adopted by the top players.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Specialty silica Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global Industrial Silica Market Outlook
3.1.2. Global Specialty Silica Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
18.104.22.168. Major Raw Materials Analysis
22.214.171.124.1. Silica Sand
126.96.36.199.2. Sodium Silicate
188.8.131.52.3. Hydrochloric Acid
3.3.2. Manufacturing Trends
184.108.40.206. Precipitated Silica And Silica Gel
220.127.116.11. Fused Silica
18.104.22.168. Colloidal Silica
22.214.171.124. Fumed Silica
3.3.3. Sales Channel Analysis
126.96.36.199. Direct Sales
188.8.131.52. Indirect Sales
3.3.4. Vendor Selection Criteria Analysis
3.3.5. Profit Margin Analysis
3.4. Regulatory Framework
3.4.1. Product Classification Codes
3.4.2. Standard & Compliances
3.5. Market Dynamics
3.5.1. Market Driver Analysis
184.108.40.206. Growing Demand From Tire Industry
220.127.116.11. Rising Paints & Coatings Industry In Asia Pacific
18.104.22.168. Growing Application Scope of Silica in Food & Healthcare
3.5.2. Market Restraint Analysis
22.214.171.124. Availability Of Substitutes
3.6. Business Environment Analysis: Specialty silica Market
3.6.1. Industry Analysis - Porter's
3.6.2. PESTEL Analysis
3.6.3. Major Deals & Strategic Alliances Analysis
126.96.36.199. Joint Ventures
188.8.131.52. Mergers & Acquisitions
3.7. Market Entry Strategies
3.8. Case Studies (Business Model / Technology Adoption)
Chapter 4. Specialty silica Market: Product Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Product Movement Analysis & Market Share, 2018 & 2025
4.3. Market size & forecasts and trend analysis, 2014 to 2025 for the following:
4.3.1. Precipitated Silica
4.3.2. Silica Gel
4.3.3. Fused Silica
4.3.4. Colloidal Silica
4.3.5. Fumed Silica
Chapter 5. Specialty silica Market: Application Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Application Movement Analysis & Market Share, 2018 & 2025
5.3. Market size & forecasts and trend analysis, 2014 to 2025 for the following:
5.3.3. Oral Care
5.3.6. Paints & Coatings
Chapter 6. Specialty silica Market: Regional Estimates & Trend Analysis
6.1. Regional Market Snapshot
6.2. SWOT Analysis, by Factor (Political & Legal, Economic And Technological)
6.3. Market Size, & Forecasts and Trend Analysis, 2014 to 2025
Chapter 7. Specialty silica Market - Competitive Analysis
7.1. Key global players & recent developments & their impact on the industry
7.2. Strategy Framework
7.3. Vendor Landscape
7.3.1. List of key distributors and channel partners
7.3.2. Key customers
7.3.3. Key company market share analysis, 2018
7.3.4. SWOT (For top 5 players)
Chapter 8. Company Profiles
- Wacker Chemie AG
- TOSOH Corporation
- Oriental Silicas Corproation
- Kemira Oyj.
- Evonik Industries
- PPG Industries, Inc.
- Imerys S.A.
- AkzoNobel N.V.
- Cabot Corporation
- Solvay S.A.
- W.R. Grace & Co.
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