PPG Industries, Inc, Evonik Industries AG, Alban Muller, Oriental Silicas Corporation, and Solvay Group, among others, are the major players in the global precipitated and hydrated silica market.
The global precipitated silica market reached a value of about USD 1.6 billion in 2020. The combined market for precipitated and hydrated silica is further expected to grow at a CAGR of about 6% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the rise in FMCG and pharmaceutical industries during the COVID-19 pandemic. This is due to the increased significance of forms of silica in the food and pharmaceutical industries as anti-caking and thickening agents.
Precipitated silica is a white, powdery substance made from a silicate salt solution, that has been precipitated. After that, the precipitate is filtered out and dried to achieve an amorphous state. Unlike precipitated silica, hydrated silica retains moisture and has a gel-like consistency.
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The poor growth of the aviation and automobile industries due to the COVID-19 pandemic may impact the tyre production, which may affect precipitated silica demand. However, the rise of the electric vehicle (EV) sector, which is just as reliant on tyres as conventional commercial vehicles, will help boost global precipitated and hydrated silica market growth rates. Additionally, when used in vehicle tyres, precipitated silica can improve fuel efficiency, which is becoming increasingly important as vehicle fuel efficiency regulations continue to grow.
Precipitated and hydrated silica is expected to grow at a healthy rate in the forecast period, owing to their combined versatile applications and increasing demand, particularly in the Asia Pacific region. This is dependent on the Asia Pacific rubber industry's continuous expansion, as the region consumes the most precipitated silica. Precipitated silica is most commonly used in the rubber industry to make high-performance tyres for use in the automobile industry. Meanwhile, hydrated silica is primarily employed in toothpaste production, with applications at various phases of the production process. Besides, both precipitated and hydrated silica are used in the food and beverages, and pharmaceutical industries.
Headquarters: Pittsburgh, Pennsylvania, United States
PPG works to develop and deliver coatings, paints, and speciality materials to its customers. The company operates and innovates in more than 70 countries and serves its customers in consumer products, construction, industrial and transportation markets, and aftermarkets. The company specialises in silicas, optical products, architectural paint, sealants and coatings, industrial coatings, protective and marine coatings, and automotive refinish, among others.
Headquarters: Essen, Germany
Evonik is a leading speciality chemicals company in the world. The company has over 32,000 employees spread across more than a hundred locations. The company makes aircrafts greener, electric car batteries perform better, 3D printers more efficient, and medications more effective. The company specialises in animal nutrition, speciality chemicals, cosmetic solutions, membranes, resource efficiency, and high-performance polymers, among others.
Headquarters: Vincennes, France
Alban Muller is a partner in the beauty, health, and well-being industries. Alban Muller oversees every production stage, from the plant's seed through formulation to off-the-shelf products, with its research and evelopment centre and manufacturing facility in France. The company develops and manufactures plant-based ingredients. The company specialises in nutraceuticals, pharmaceuticals, cosmetic ingredients, and skincare products, among others.
Headquarters: Miaoli City, Taiwan
Oriental Silicas Corporation is one of the world's leading speciality products companies. The company operates in Taiwan, Thailand, China, Japan, and Hong Kong. It produces and sells precipitated silica, which is used in various applications, including tyres, silicone rubber, toothpaste, battery separators, and food additives, among others. Products offered by the company include precipitated silicon dioxide, sodium silicate, synthetic sodium aluminium silicate, and synthetic calcium silicate, among others.
Headquarters: Brussels, Belgium
Solvay is a global chemical company. Solvay's businesses are aligned in 3 segments: materials, chemicals, and solutions. Solvay employs more than 23,000 people in 64 countries across 110 sites. As a global leader in materials, chemicals, and solutions, Solvay solves critical industrial, social, and environmental challenges with advances in planes, vehicles, batteries, smart and medical devices, water, and air treatment, among others. In 2020, Solvay had net sales of about EUR 8.9 billion.
Also Read@ https://www.expertmarketresearch.com/pressrelease/global-precipitated-and-hydrated-silica-market
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