As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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:
Key Findings of the Report:
Key Offerings of the Report:
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.
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.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.