Precipitated Silica Market Currently Growing at a CAGR of 5.8 Percent, Says Beroe Inc

https://www.beroeinc.com/category-intelligence/precipitated-silica-market/ https://www.beroeinc.com/category-intelligence/precipitated-silica-market/ Beroe, which is based inNorth Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE: live.beroeinc.com The major downstream driver for the precipitated silica industry will continue to be the tires and rubber industry for the next few years, owing...

https://www.beroeinc.com/category-intelligence/precipitated-silica-market/

Beroe, which is based in North Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE: live.beroeinc.com

The major downstream driver for the precipitated silica industry will continue to be the tires and rubber industry for the next few years, owing to the growing need to reduce pollution and greenhouse gas emission. Demand from other rubber applications (non-tire) in manufacturing conveyor and transmission belts, rice rollers, PVC sheets, shoe soles is also expected to be on the higher side. While the demand for precipitated silica has been growing at a steady pace, the capacity additions have been slow to change, posing a challenge to the growth of the market.

Apart from rubber, other downstream applications of precipitated silica have been gaining in popularity, such as its use as anti-caking and free-flowing in agrochemical and other industrial applications, and its applications in the toothpaste market, as increasing awareness about oral hygiene is expected to fuel the demand from this industry. The use of precipitated silica is projected to grow at a CAGR of 12 percent in the next few years.

Key Findings:

The research methodology adopted for the report included:

Precipitated silica occupies a significant 30 percent of sodium silicate's downstream demand and is one of the major downstream drivers followed by detergents. The largest direct application of sodium silicate is in detergents and paper pulp contributing to around 22 percent and 13 percent, respectively. Nearly, 51 percent of sodium silicate demand is estimated to be arising from the specialty silica segment, which is growing rapidly, owing to strong demand from its derivatives, like precipitated silica, zeolite, and colloidal silica.

The report also includes:

Market Analysis:

Feedstock Analysis:

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Duties and VAT Summary:

About Beroe Inc.:

Beroe is the world's leading provider of procurement intelligence and supplier compliance solutions. We provide critical market information and analysis that enables companies to make smart sourcing decisions—leading to lower costs, greater profits and reduced risk. Beroe has been providing these services for more than 13 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies.

To learn more about Beroe Inc., please visit: http://www.beroeinc.com

Media Contact:
Debobrata Hembram
debobrata.hembram@beroe-inc.com

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