China, India, and Japan are the leading countries in terms of production and consumption of precipitated silica in Asia-Pacific

 The global precipitated silica market was valued at USD 1.33 billion in 2015 and is projected to reach USD 2.23 billion by 2021, at a CAGR of 9.1% from 2016 to 2021. This growth can be attributed to the increasing demand of precipitated silica in the Asia-Pacific region. Increasing usage in tire and rubber industry, personal care products, food industry, adhesives and sealants, fuels the growth of precipitated silica market in Asia-Pacific.

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High rolling resistance, low wear resistance, and low traction affect the performance and durability of automobile tires. Precipitated silica acts as reinforcing filler in the tire production, which reduces the rolling resistance while increasing the wear resistance and traction. This helps to increase the durability and grip, of the tires and fuel efficiency of the vehicle.

Presently, the major producers of precipitated silica are focusing on the development of new grades of precipitated silica that can be used for development of more safe, long-lasting tires that help to enhance the fuel efficiency of vehicles.

Precipitated silica is also used in the manufacturing of other rubber products such as tubes, hoses, gaskets & seals, footwear, rubber floorings, conveyor belts, automotive engine mounts and belts, among others.

Asia-Pacific is the fastest-growing precipitated silica market and accounted for the largest share of the global precipitated silica market in 2015. China, India, Japan, and Korea are the major markets for precipitated silica in Asia-Pacific. The rise in demand for tires and other rubber products from the growing automobile industry is expected to boost the growth of precipitated silica market in this region.

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Rubber application is the fastest-growing and the largest segment of the global precipitated silica market in 2015, in terms of both volume and value. The growth of precipitated silica market is majorly driven by this segment, as majority of tires and rubber products such as footwear, conveyor belts, hoses, tubes, automotive engine mounts, and others use precipitated silica as reinforcing filler.

Key players operational in the global precipitated silica market, such as Solvay SA (Belgium), Evonik Industries AG (Germany), PPG Industries Inc. (U.S.), W.R. Grace & Co. (U.S.), and Huber Engineered Materials (U.S.) launched various new products to cater to the diverse needs of customers and expand their presence in the market. These players are now focusing on developing products that can be used in various other applications and improve the performance of current grades.

Evonik Industries AG is one of the leading manufacturers of precipitated silica, globally. The company is focused on maintaining its position in the precipitated silica and specialty silica markets through strategies such as new product expansions and developments.

For example, Evonik Industries expanded its precipitated silica production in Japan, by opening a new production facility for surface modified AEROSIL in Yokkaichi. This expansion will benefit its customers with better product availability and shorter lead times for the product supply. This launch also helped the company to expand its product line and provide operational, cost, and environmental efficiencies to its customers.

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Reference:

https://www.marketsandmarkets.com/Market-Reports/precipitated-silica-market-248726425.html?utm_source=blog%2FML

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