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Global Precipitated and Hydrated Silica Market to Grow at a CAGR of 6% During 2020-2025, Driven by the Demand from the Oral Care Industry

According to a new report by EMR titled, ‘Global Precipitated and Hydrated Silica Market Report and Forecast 2020-2025’, the combined market for precipitated and hydrated silica is expected to grow at a CAGR of 6% in the forecast period of 2020-2025.

The chief application of hydrated silica is as a thickener in the production of toothpaste, as well as a whitening and cleaning agent. Hence, it is driven largely by the demand in the oral care industry. Meanwhile, the global market for precipitated silica is being driven by the growth in the rubber industry due to its application in the manufacture of high-performance rubber products such as tyres, fittings, and seals. The demand for these products is increasing steadily, especially in the automotive industry. There is expected to be an increase in demand for both precipitated and hydrated silica due to their applications as anti-caking agents, thickeners, and absorbents in the pharmaceuticals industry, which is seeing a surge in growth due to the COVID-19 pandemic. The growth in the FMCG sector has transferred to several industries that utilise both these chemicals as raw materials in the production process, thus, aiding the global precipitated and hydrated silica industry growth.

In late 2019, PPG Industries Inc presented an exhibit at the International Elastomer Conference at the Huntington Convention Center on the use of pre-treated silica in industrial rubber compounds, indicating the company’s interests in increasing their capacity for precipitated and hydrated silica. In February 2020, PPG Industries signed on KRAHN Chemie Benelux as a new distributor for precipitated silica, primarily for application in inks and paint coatings. This step was taken in order to meet the increasing demand for precipitated silica in the paint and ink industry. Moreover, Evonik Industries (OTCMKTS: EVKIF), one of the leading silica suppliers, began its plan to increase precipitated silica production capacity by an additional 40,000 tons in 2018 in order to keep up with the growth of the European market for these materials. The increase in the use of cosmetics by consumers led Evonik to expand its product portfolio in 2019 to include silica materials as replacements for microplastics in the growing cosmetics industry, a move that is expected to correspondingly drive growth for the precipitated and hydrated silica market.

Market Analysis by Segment, Application, End Use and Region:

  • The market on the basis of segment can be divided into precipitated and hydrated silica.
  • Based on application, the industry can be segmented into anti-caking agent, thickening agent, and absorbent, among others.
  • On the basis of end-use, the industry is classified as agrochemical, food and beverage, personal care and cosmetic, oral care, and rubber, among others.
  • The regional markets for precipitated and hydrated silica include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Hydrated silica is being driven by the growth in oral care due to its numerous applications in the production of toothpaste.
  • Precipitated silica is primarily driven by the increasing demand for high-performance rubber products.
  • The sharp growth in pharmaceuticals and increased R&D activities are expected to increase demand for both precipitated and hydrated silica.
  • The growth in FMCG sector has transferred to increased demand in food and beverages sector and oral care, which is aiding the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for precipitated and hydrated silica for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) market information for the segments, applications, end uses, and regional markets of precipitated and hydrated silica.
  • It assesses the regional price trends for the (2015-2019) and (2020-2025) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global precipitated and silica market are PPG Industries Inc, Evonik Industries A.G., Alban Muller, Oriental Silicas Corporation, and Solvay Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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