Market Segmentation
Precipitated silica is increasingly used in the rubber and tire industry due to its favorable physical properties, such as resistance to abrasion, tensile strength, and flex fatigue. This, in turn, is projected to boost the market growth. Moreover, precipitated silica has profound use in rubber and tire applications, particularly in trucks and heavy equipment vehicles, as it is known to improve the adhesion and tear resistance between rubber tires and metallic reinforcements. Demand for silica for fuel-efficient tires is expected to increase with a continued reduction in automotive fuel consumption and a shift toward vehicle electrification. The product is available in granular and spray-dried powder forms. It is expected to witness significant growth in demand due to its increasing utilization in tires as a replacement for carbon blacks, which provide better anti-skid properties and improved tensile and tear strength. Furthermore, the rising utilization of precipitated silica as a reinforcement agent in tires and rubber formulations is expected to impact the market growth favorably.
The production of specialty silica market is expected to receive a boost from the growing demand for paints and coatings from the building, construction, and automotive industries. Fumed silica, specialty silica, is widely used in paints and coatings for several purposes, including controlling rheological characteristics, preventing rust and corrosion, acting as a thixotropic agent, and as an anti-settling agent. Due to its unique particle characteristics and large surface area, the product is used in various applications such as paints, adhesives, coatings, plastics, sealants, inks, toners, cosmetics, food additives, and deformers. The paints and coatings industry is one of the major consumers of fumed silica owing to its broad scope of properties.
Carbon black is a major substitute for specialty silica in tire industry. It is a refined chemical produced by the sweltering of hydrocarbons in a limited air supply. Thermal black, acetylene black, furnace black, and lamp black are the four significant types of carbon black. Carbon black is a reinforcing agent in belts, tires, chassis bumpers, gaskets, hoses, air springs, diaphragms, bushings, and others. Its applications are spread across automotive, household appliances, electrical/electronics, and blow-molded containers. When compared to polymer or rubber, carbon black is more conductive. It helps lower the electrical resistivity by forming a conductive network through the polymer or rubber matrix. It is optimized for conductivity, chemical cleanliness, and smoothness for semi-conductive cable compounds. Furthermore, initiating the carbon black, green tire project is anticipated to propel the use of carbon black. The production involves using waste tires as feedstock, which enables the upcycling of waste stream and gives an environment-friendly alternative in manufacturing tires.
This section will provide insights into the contents included in this precipitated silica market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance