Press
Release

Growing Demand from Cosmetics & Personal Care Industry Generates High Revenues in Precipitated Silica Market

• Increased use of cosmetics and personal care products owing to rising awareness about skincare will boost the demand opportunities in the global precipitated silica market.
• Asia Pacific is expected to show lucrative avenues for vendors in this market. Key reason supporting this growth is presence of sturdy automotive sector in this region.

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

• The precipitated silica market will gain the valuation of around US$ 5 Bnby 2027 end.
• Of various end-use applications, the market is expected to witness remarkable demand from various industries such as rubber, cosmetics, and personal care products.
• Geographically, Asia Pacific was dominant region in the precipitated silica market in 2018.
• China was leading shareholder of the precipitated silica market in the region in 2018.
• Owing to increased use of precipitated silica, the Asia Pacific market is expected to gain lucrative avenues in the forthcoming period.
• The precipitated silica market has highly intense competitive landscape.

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Precipitated Silica Market: Key Driving Factors and Promising Avenues

• The global precipitated silica market is foreseen to grow at prodigious pace during the forecast period of 2019 to 2027.
• The market is gaining prominent avenues from diverse end-use industries including cosmetics and personal care industry.
• Precipitated silica finds application in the production of cosmetic products owing to its various properties.
• It is widely used as anti-caking agent, suspending agent, abrasive, bulking agent, and opacifying agent in cosmetics industry.
• Increased use of precipitated silica in the production of tire used in automotive sector is boosting the market growth.

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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:

Application

• Rubber
• Personal Care
• Agrochemicals
• Others

Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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