Global Precipitated Silica Market: Manufacturers Ride on the Auto Industry Boom, Says Tmr

Transparency Market

Research

Precipitated Silica Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2015 - 2023

Published Date

19-Jan-2016

153 Page Report

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Global Precipitated Silica Market: Manufacturers Ride on the

Auto Industry Boom, Says TMR

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Precipitated Silica Market

REPORT DESCRIPTION

Precipitated Silica Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023

A diverse competitive landscape shows a majority share taken up by its three leaders - Evonik Industries AG,

PPG Industries, Inc., and Solvay – for the year 2014. These three leaders in 2014 had collectively grabbed

close to 57% of the market. It should, however, be noted that a large portion of the global precipitated silica

market is still being held by a scattered number of regional players that cannot/do not want to expand rapidly.

According to a research report released by Transparency Market Research, the global precipitated silica

market is currently taking up a greater importance in the automotive industry and manufacturers in the global

precipitated silica market are well aware of the demand surge. The global precipitated silica market is expected

to expand at a CAGR of 5.8% within a forecast period from 2015 to 2023, in terms of revenue. This revenue is

expected to reach US$3.5 bn by the end of 2023. The report pegs the market value to reach US$2.3 bn by the

end of 2016. The rubber industry has been the key application segment for the global precipitated silica

market. By 2023, the rubber industry is expected to consume 63.3% of the global volume of precipitated silica.

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