PRECIPITATED SILICA MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Precipitated Silica Market, By Grade (Rubber Grade, Non-rubber Grade, Food Grade), By Application (Rubber, Fishing Boats, Adhesives & Sealants, Coating & Inks, Food, Others), By End Use Industry (Personal Care & Cosmetics, Automotive, Agriculture, Electronics, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024
Code : CMI6824
Pages :140
Formats :
Excel and PDF
Industry : Advanced Materials

Market Concentration and Competitive Landscape

Precipitated Silica Market Concentration By Players

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Rising demand from electronics industry

The increasing use of precipitated silica across various end-use industries especially in the electronics segment is resulting in the positive growth of the global precipitated silica market. Precipitated silica is widely used as a reinforcing filler in silicone rubber, which is extensively employed in electronics industry for manufacture of various components such as connectors, cables, switches etc. due to its excellent insulating and dielectric properties. The rising demand for consumer electronics such as smartphones, tablets, laptops, etc., across the world has augmented the consumption of silicone rubber and thus precipitated silica over the years. Moreover, electricity consumption is increasing across the globe. For instance, according to data published by the U.S. Energy Information Administration on April 20, 2023, the total U.S. electricity end-use consumption in 2022 was about 2.6% higher than in 2021. In 2022, retail electricity sales to the residential sector were about 3.5% higher than in 2021, and retail electricity sales to the commercial sector were about 3.4% higher than in 2021.

Key Players Insights