Asia-Pacific to be the largest market for global precipitated silica market 2021

Precipitated Silica Market Precipitated Silica Market is projected to cross USD 2.23 Billion by 2021

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Introduction • The report "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“ • The global precipitated silica market is projected to reach USD 2.23 Billion by 2021, at a CAGR of 9.1% from 2016 to 2021. High demand for precipitated silica from the tire and rubber products industry is expected to drive the growth of the market in near future.

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Objectives of Research • To define, describe, and forecast the precipitated silica market based on end-use industry, application, and region • To analyze and forecast the volume (kilotons) and value (USD million) of the global precipitated silica market

• To provide detailed information regarding key factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution made to the overall market

• To forecast the market size in terms of value with respect to five main regions (along with countries), namely, Asia-Pacific, Europe, North America, Middle East & Africa, and Latin America • To strategically profile key players and comprehensively analyze their core competencies

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Industry Insights ❖ Precipitated silica plays a key role in reducing rolling resistance and increasing the wear resistance and traction, which helps in reduced fuel consumption, high durability, and high grip in wet and snowy conditions. ❖The automobile end-use industry segment accounted for the largest share of the global precipitated silica market in 2015. ❖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. ❖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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Regional Insights o Asia-Pacific accounted for the largest share of the global precipitated silica market in 2015, and is expected to continue its dominance till 2021. o China, India, Japan, and South Korea led the Asia-Pacific precipitated silica market in 2015. o The precipitated silica market in China is projected to grow at the highest CAGR among all countries in Asia-Pacific between 2016 and 2021.

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Key Players â–Ş The global precipitated silica market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. â–Ş Companies operating in the global precipitated silica market include Evonik Industries AG (Germany), PPG Industries Inc. (U.S.), W.R. Grace & Co. (U.S.), Tosoh Silica Corporation (Japan), Solvay SA (Belgium), Huber Engineered Materials (U.S.), and Oriental Silica Corporation (Taiwan), among others.

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