Transparency Market Research, New York: Precipitated silica is derived from crystalline form of silicon dioxide called quartz sand. It is amorphous form of silica. Some of the raw materials utilized for the production of precipitated silica are sulfuric acid, hydrochloric acid, sodium silicate, and silica sand.
Precipitated silica is gaining traction across various end-use industries owing to its application as an additive. Rubber, personal care, paints & coatings, and food & feed are some of the major end-use industries from which the vendors working in the global precipitated silica market.
Analysts at TMR highlight that the global precipitated silica market will show growth at a reasonable CAGR of ~4% during the forecast period of 2019 to 2027. The market players will get advantage of upsurge in demand for precipitated silica from diverse end-use industries including personal care, rubber, and agro-chemicals sector.
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Key Findings of Precipitated Silica Market Report
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Precipitated Silica Market: Key Driving Factors and Promising Avenues
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Precipitated Silica Market: Competitive Assessment
Major companies working in the global precipitated silica market are focused on strengthening their market position by using various organic as well as inorganic strategies. One of such strategies used by major players is growing focus on product diversification activities.
Several vendors are growing efforts to advance their product quality. As a result, they are increasing spending on research activities. These moves are assisting vendors to achieve a competitive edge in the global precipitated silica market.
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Gamut of players in the global precipitated silica market are strengthening their production operations. To achieve this motive, they are executing various strategies such as partnerships and collaborations.
The list of important companies operating in the global precipitated silica market includes names such as Madhu Silica Pvt. Ltd, Oryzasil Silicas Naturais, Tata Chemicals Ltd., Agile Nobel, Inc, Brisil, Oriental Silicas Corporation, PPG Industries, Solvay S.A., Evonik Industries AG, and W. R. Grace & Co.
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Precipitated Silica Market: Regional Analysis
On regional front, the precipitated silica market experiences prominent growth opportunities in Asia Pacific. One of the key reasons attributed to this growth is increased demand for tires in automotive sector of this region. Thus, thriving automotive sector in the region will help in the expansion of precipitated silica market.
The Precipitated Silica Market can be segmented as follows:
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