Precipitated Silica Market

The global precipitated silica market is projected to grow from USD 4.20 billion in 2024 to USD 5.90 billion by 2030, at a CAGR of 5.8% from 2024 to 2030, in terms of value.

The rapidly increasing demand from the rubber and tire industry and the growing cosmetics and personal care industry propel the market forward. Tires that require very high performance and are developed on fuel-efficient and environment-friendly considerations in the automobile and electric vehicle (EV) industries have been regarded as one of the prime triggering factors for the global silica precipitates market. The used precipitated silica as a reinforcing filler in tires replaces traditional carbon blacks to improve rolling resistance, durability, and wet grip performance. With stringent tire labeling regulations in Europe, North America, and Asia-Pacific as part of their promotion of fuel-efficient and lower carbon emissions, the initiative is considered a new encouragement toward the production of silica-based green tires. The booming EV industry, where every bit of energy efficiency counts, has added fuel to the fire, as low rolling resistance tires can greatly enhance battery range.

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The growing application areas of precipitated silica in cosmetics and personal care products also act as critical growth factors for the market. It acts as a thickening agent, anti-caking agent, and mild abrasive and is used in products such as toothpaste, skincare, and makeup. The applicable precipitated silicas are increasingly being utilized in cosmetics applications due to increased consumer demand for high-end organic beauty products and innovations in formulation technologies. Additionally, rising income levels in emerging economies characterized by expanding e-commerce would drive the growth of this sector.

Companies such as Evonik Industries AG (Germany), QEMETICA (Poland), Solvay (Belgium), Madhu Silica Pvt. Ltd. (India), Oriental Silicas Corporation (Taiwan) fall into the winners’ category. These are leading players in the global market. These players have adopted including expansions, agreements, product launches, and partnerships.

Evonik Industries AG (Germany)

Evonik Industries AG is a global specialty chemicals producer that serves a variety of industries, including automotive, construction, food and beverage, pharmaceuticals, and oil and gas.  The company's main segments include smart materials, technology and infrastructure, specialized additives, nutrition and care, and performance materials.  Precipitated silica is utilized in a variety of applications, including rubber, personal care products, and fillers in coatings and paints.  They have substantial production locations in Germany, Belgium, the United States, China, and Singapore, as well as a global presence in over 100 countries and 104 manufacturing facilities.  Its global footprint enables it to serve a vast consumer base in Europe, North America, and Asia Pacific.

QEMETICA (Poland)

Qemetica is a major European chemical corporation with a diversified portfolio that serves a variety of industries, including construction and agriculture. In recent years, the company has made significant investments in both domestic and international markets, including the construction of a salt mill in Poland. Qemetica has also adopted a thorough ESG plan, aiming to be climate-neutral by 2040. The company's products are classified into several business categories, including soda, salt, agriculture, polyurethanes, silicates, glass, and cargo. Qemetica produces precipitated silica, a versatile ingredient utilized in a variety of applications, including rubber manufacturing and other industrial operations. The Silicates segment generates 8% of the company's sales. The company has market presence in Europe and North America.In recent years, the company has made significant investments in both domestic and international markets, including the construction of a salt mill in Poland.

Solvay (Belgium)

Solvay produces and distributes chemical and plastic products.  It is a global leader in the manufacture of chemicals and plastics.  Soda ash, hydrogen peroxide, functional polymers, silica, surfactants, food and fragrance flavors, and other specialty polymers are available for use in the aerospace, alternative energy, automotive, chemical, construction, consumer goods, food and beverage, and oil and gas industries.  The company also provides customized goods in the advanced materials and specialty chemicals industries.  Tixosil and Zensil are food- and rubber-grade precipitate products, respectively.  Solvay operates in three segments: basic chemicals, performance chemicals, and corporate and business services.  It has a vast geographical presence throughout Europe and North America.

Madhu Silica Pvt. Ltd. (India)

Madhu Silica Pvt. Ltd. (MSPL) is a well-known manufacturer of precipitated silicas and silicates, producing over 50 different grades of silica for a variety of industrial applications.  The company maintains four advanced manufacturing plants with a total annual production capacity of 295,000 MT, with a recent expansion adding 70,000 MT in 2019. MSPL sells its products to a very large section of markets, from India to more than 40 countries. Moreover, MSPL enjoys in-house laboratories forward specialized application domains of rubbers, dental, and paints, apart from some dedicated R&D center accredited under the Department of Scientific and Industrial Research (DSIR) in New Delhi. The company has a broad international footprint in Asia, North America, and Europe.

Oriental Silicas Corporation (Taiwan)

Oriental Silicas Corporation (OSC) is a global producer of precipitated silica, sometimes referred to as white carbon. The corporation works in several countries, including Taiwan, Thailand, China, Japan, and Hong Kong, with its headquarters in Taipei. OSC's precipitated silica products are used in a wide range of sectors, including tire manufacture, silicon rubber production, toothpaste formulations, battery separators, and food additives. The company has a presence in Asia-Pacific and other locations.

Related Reports:

Precipitated Silica Market by Application (Rubber, Food, Plastics, Battery Seperator, Others), End-Use Industry (Automobile, Cosmetics, ELectronics, Agriculture), Grade (Rubber, Food, Industrial, Cosmetic), and Region - Global Forecast to 2030

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