The estimation of the current size of the precipitated silica market involved a four-step methodology. Initially, secondary research included all pertinent information about the market itself, as well as related and parent markets. These results, along with assumptions and metrics, were validated with primary research that involved experts from both the supply and demand sides of the precipitated silica value chain. Total market size was determined through a top-down and bottom-up approach. Finally, the market sizes for various segments and subsegments were found using comprehensive market segmentation and data triangulation techniques.
Secondary Research
The research methodology followed in estimating the current precipitated silica market size consisted of four significant activities. Extensive secondary research was conducted to provide information on the market, peer markets, and parent markets. These findings, assumptions, and metrics were validated through primary research undertaken with experts from the demand side of the precipitated silica value chain. Both top-down as well as bottom-up approaches were followed for the estimation of the total market size. The complete market segmentation and data triangulation techniques had been applied for the final estimation of various segments and subsegments.
Primary Research
The precipitated silica market comprises several stakeholders in the supply chain, such as precipitated silica producers, precipitated silica processing and refining companies, manufacturers, distributors and traders, government and regulatory bodies, and end users. The development of battery seperator, rubber, electronics, textile and food defines the demand side of this market. Interviews were conducted with various primary sources on both the supply and demand sides of the market to gather qualitative and quantitative data.
Following is the breakdown of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Top-down and bottom-up approaches were used to estimate and validate the size of the precipitated silica market. These methods were used to determine the market size of various segments. The research methodology used for the market size estimation is as follows:
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Extensive primary and secondary research was done to identify the key players.
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The value chain and market size of the precipitated silica market, in terms of value, were determined through primary and secondary research.
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All percentage shares, splits, and breakdowns were collected through secondary sources and verified through primary sources.
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All possible parameters that affect the market were covered in this research study and are viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
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This research includes the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.
Research Methodology
The research methodology used to estimate and forecast the global market size began by first aggregating data and information from the country and different levels. To estimate and validate the size of the precipitated silica market, the top-down and bottom-up approaches have been used. Secondary research has been applied to identify the players involved in the market and, thereby, determine revenues generated by these players in the various regions. This procedure involves the study of annual and financial reports of key market players such as Evonik Industries AG (Germany), QEMETICA (Poland), Solvay (Belgium), Madhu Silica Pvt Ltd (India), Oriental Silicas Corporation (Taiwan), W.R. Grace & Co (Peru), Tosoh Silica Corporation (Japan), TATA Chemical Ltd. (India), Anten Chemicals Co. Ltd (China), PQ Corporation (US), IQE Group (Spain), Glassven CA (Venezuela), Supersil Chemical (I) Pvt. Ltd. (India), MLA Group (India), and Fuji Silysia Chemical Limited (Japan). Interviews were also conducted with industry leaders, such as CEOs, directors, and marketing executives of leading companies, to gain insight into the precipitated silica market
Precipitated Silica Market Size: Bottom-Up & Top-Down Approach
Data Triangulation
After estimating the overall market size using the above estimation, the market was split into various segments and subsegments. Data triangulation, market breakup techniques, and the market engineering process were used to reach the exact market analysis data for each segment and subsegment. data triangulation and market breakdown procedures were used, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using the top-down and bottom-up approaches.
Market Definition
The precipitated silica market encompasses the trade and supply of manufactured silica that is in a bulk form. The production is done by the reaction of sodium silicate with sulfuric acid which forms the product in the form of a fine white powder and has a high absorption index. The silica is mainly utilized in the rubber industry for tires, medicines, food products, personal care products, coatings and even batteries. The fuel-efficient tires, expansion of the electric vehicle market, and increasing use of silica in food and healthcare products have boosted the market. Also, environmental policies encouraging green substitutes are driving the use of silica solutions. With technological improvements and greater industrial uses, the precipitated silica market is likely to grow steadily across the globe.
Stakeholders
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Transfection products manufacturing companies
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Pharmaceutical & Biopharmaceutical Companies
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Chemical Companies
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Biopharmaceutical Companies
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Contract Research Organizations (CROs)
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Contract Development and Manufacturing Organizations (CDMOs)
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Research Institutes and Universities
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Venture Capitalists & Investors
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Government Associations
Report Objectives
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To define, describe, and forecast the size of the global precipitated silica market in terms of value and volume.
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To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the precipitated silica market
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To analyze and forecast the size of various segments (grade, application and end use industry) of the precipitated silica market based on five major regions—North America, Europe, Asia Pacific, Middle East & Africa and South America—along with key countries in each region.
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To analyze recent developments and competitive strategies, such as expansions, new product developments, partnerships, and acquisitions, to draw the market's competitive landscape.
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To strategically profile the key players in the market and comprehensively analyze their core competencies.
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