Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on "Precipitated Silica Market".
This report likewise incorporates more illumination about fundamental
review of the business including definitions, requisitions and
worldwide business sector industry structure.
Precipitated
silica is silica produced by reaction of acid such as sulfuric acid
with alkaline silicate at elevated temperature. Sodium silicate is
the most dominant alkaline silicate employed in the production of
precipitated silica. The silica is produced by precipitation, in
presence of reactants by stirring the solution. The properties of
silica vary depending on several factors including reactants,
temperature and duration of the reaction. Precipitated silica
dominates the global demand for silica.
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Major application segment for
precipitated silica include rubber, cosmetics, chemicals, plastic,
adhesives and packaging among others. Rubber followed by chemical
production dominates the global demand for precipitated silica. Major
end use industries for precipitated silica include automobile,
cosmetics, agriculture and electronics among others. Electronics is
anticipated to be the fastest growing end use industry for
precipitated silica.
Rubber is among foremost
application segments for precipitated silica and the trend is
expected to continue in the near future. Tire production dominates
the global demand for rubber; therefore high growth in the automobile
market has been among major factor driving demand for precipitated
silica. High growth in global electronic market driven by increasing
demand for consumer electronics is anticipated to drive demand for
precipitated silica during the forecast period. High growth in
personal care and cosmetics market is also anticipated to be among
major factors driving demand for precipitated silica. The
environmental hazards associated with production of precipitated
silica have led to increase in the government regulations in the
market. The environmental regulations are among major factors
restraining demand for precipitated silica. High growth in coatings
market is anticipated to offer huge growth opportunity for
precipitated silica market.
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Growth in manufacturing
industry and high GDP growth in the emerging economies of India and
China has led to growth in several end user segments such as
automobiles, plastics and agriculture among others. On account of
which, Asia Pacific has been dominating the global precipitated
silica market both in terms of production and consumption and this
trend is expected to continue during the forecast period. In 2013,
North America was the second largest market for precipitated silica.
Moreover, demand for precipitated silica in North America is
anticipated to grow at a sluggish rate primarily owing to market
saturation in several end use industries includes including
automobiles and plastic among others. Increasing environmental
regulations is anticipated to restrain demand for precipitated silica
in North America and Europe. However, reviving demand for automobile
in Europe is anticipated to boost precipitated silica market growth.
High growth in the developing economies of South America and Africa
is expected to drive demand for precipitated silica in the RoW
region. RoW is anticipated to be the fastest growing region for
precipitated silica market for the next six years.
Precipitated silica market is
fragmented and major portion of the global market share is
constituted by regional players. Therefore, precipitated silica
market has high price sensitivity. Moreover low capital investment
has increased the threat of new entrants in the market mainly in the
developing economies. There has been surge in investment by major
players in the emerging economies.
Some of the major players in
the precipitated silica market include Akzo Nobel NV, Bayer AG, Cabot
Microelectronics Corporation, DuPont (EI) de Nemours, Fuji Silysia
Chemical Limited, Multisorb Technologies Inc, Huber (JM) Corporation,
Industrias Quimicas del Ebro SA, Nalco Holding Company, Nissan
Chemical Industries Limited among others.
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