The new report by Expert Market Research titled, ‘Global Precipitated and Hydrated Silica Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global precipitated and hydrated silica market size, assessing the market based on its segments like segments, applications, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 6%
The increasing application of precipitated and hydrated silica as a thickening agent in food processing applications is driving the market growth. The thriving food and beverage industry across the world owing to the increasing global population is further propelling the demand for the product.
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The increasing expansion of rubber manufacturing facilities owing to its increasing application in the construction industry is likely to generate a significant demand for precipitated and hydrated silica in the coming years.
In terms of region, Asia Pacific accounts for a significant share of the market owing to the rapid urbanisation and increasing population.
Precipitated and Hydrated Silica Industry Definition and Major Segments
Precipitated and hydrated silica is defined as a chemical compound which is an amorphous form of silicon dioxide procured by precipitation of silicate salt solution. In appearance, it is white and powdery, and is widely applied in the industrial sector. Hydrated silica retains some amount of moisture during its procurement process.
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On the basis of segment, the market can be segmented into:
- Precipitated Silica
- Hydrated Silica
Based on application, the market has been segmented into:
- Anti-Caking Agent
- Thickening Agent
By end use, the market has been segmented into:
- Food and Beverage
- Personal Care and Cosmetic
- Oral Care
The regional markets for precipitated and hydrated silica include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Precipitated and Hydrated Silica Market Trends
The key trends in the precipitated and hydrated silica market include the growing research and development activities in the agrochemical industry, which is bolstering the demand for precipitated and hydrated silica to explore its applications. The increasing demand for personal care and cosmetic products, owing to the rising disposable income and rising awareness about personal hygiene, is likely to aid the market growth. Furthermore, the thriving e-commerce industry is anticipated to generate a significant demand for precipitated and hydrated silica by propelling the sale of its downstream food and beverage and personal care product in the forecast period.
Key Market Players
The major players in the market are:
- PPG Industries, Inc
- Evonik Industries A.G.
- Alban Muller
- Oriental Silicas Corporation
- Solvay Group
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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