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

Key Developments

• In October 2021, PPG entered into a strategic agreement with Oriental Silicas Corporation (OSC), which is a leading producer of silicas, sodium silicate and factice products. As part of the agreement, Taiwan-based OSC of Greater China will be a sales representative for select grades of PPG silica products used by tire manufacturers in the Asia-Pacific region.
• On July 27, 2023, PQ Corporation expanded their silica production at its existing facility in Pasuruan, Indonesia. This results in the expansion of company’s product portfolio.
• On January 9, 2024, PPG today announced that it has engaged Morgan Stanley & Co. LLC as financial advisor to assist in a review of strategic alternatives for its silica products business.
• In May 2021, Evonik Industries established active filler for the tire industry, named as Ultrasil 4000 GR, which significantly improves the traction of winter tires in snowy and slushy conditions.