India Precipitated Silica Market Size (2024 - 2029)

The Indian precipitated silica market is experiencing a recovery post-Covid-19, driven by increasing demand from the automotive and cosmetic sectors. Despite challenges such as stringent environmental regulations and the presence of substitutes like carbon black, the market is poised for growth. Opportunities are emerging from the rubber, agrochemicals, and oral care industries, with the automotive sector expected to maintain a dominant position due to rising domestic manufacturing and demand.

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Market Size of India Precipitated Silica Industry

India Precipitated Silica Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.00 %
Market Concentration High

Major Players

India Precipitated Silica Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Precipitated Silica Market Analysis

The Indian precipitated silica market is estimated to reach 149.58 kilotons by the end of this year and is projected to reach 183.30 kilotons in the next five years, registering a CAGR of 4.15% during the forecast period.

Covid-19 negatively impacted the precipitated silica market with nationwide lockdowns and worldwide disruption in manufacturing activities and supply chains. The need for precipitated silica products decreased as COVID-19 instances rose. However, since restrictions were removed, the industry has been recovering.

  • A major factor driving the market studied is the increasing demand from the automotive sector. Additionally, demand from the cosmetic industry is likely to favor the market's growth.
  • On the flip side, the stringent environmental regulations and availability of substitute products such as carbon black will negatively affect the growth of the precipitated silica market during the forecast period.
  • The rising demand from rubber, agrochemicals, and oral care industries will likely provide new growth opportunities for the market.
  • The automotive industry is expected to dominate the market during the forecast period due to an increase in domestic manufacturing and demand.

India Precipitated Silica Industry Segmentation

Precipitated silica is a form of amorphous silica that is produced through a chemical process called precipitation. It consists of finely divided particles with high surface area and porosity. Precipitated silica is commonly used as a filler and reinforcing agent in various products, including rubber, plastics, paints, coatings, adhesives, and cosmetics. It helps improve mechanical properties, such as strength and abrasion resistance and provides benefits, such as enhanced flow, increased viscosity control, and improved texture.

The India Precipitated Silica is segmented by End-user Industry (Agriculture, Cosmetics, Automotive, Electronics, and Other End-user Industries). The report offers market size and forecasts for India Precipitated Silica in volume (Kilo Tons) for all the above segments.

End-user Industry
Agriculture
Cosmetics
Automotive
Electronics
Other End-user Industries
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India Precipitated Silica Market Size Summary

The Indian precipitated silica market is experiencing a recovery following the disruptions caused by the COVID-19 pandemic, which had negatively impacted demand due to lockdowns and manufacturing halts. The market is poised for growth, driven primarily by the increasing demand from the automotive sector, where precipitated silica is used as a reinforcing filler in tires to enhance performance. The automotive industry is expected to dominate the market, supported by the rise in domestic manufacturing and vehicle production. Additionally, the rubber, agrochemicals, and oral care industries are anticipated to provide new growth opportunities. However, the market faces challenges from stringent environmental regulations and the availability of substitutes like carbon black.

In the electronics sector, precipitated silica is utilized in various applications, including moisture absorption in display devices and as a reinforcing filler in adhesives and sealants. The growth of India's electronics manufacturing industry, bolstered by government initiatives like 'Digital India' and 'Make in India', presents significant opportunities for precipitated silica. The government's commitment to expanding electronics manufacturing and exports further enhances the market potential. The Indian precipitated silica market is consolidated, with major players such as Madhu Silica Pvt. Ltd, Tata Chemicals Ltd, and Solvay leading the industry. Recent developments, such as PPG Industries Inc.'s introduction of energy-saving silica technology, highlight ongoing innovations within the market.

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India Precipitated Silica Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Automotive Industry

      2. 1.1.2 Growing Cosmetics Industry

      3. 1.1.3 Increasing Investments in the Electronics Sector

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations

      2. 1.2.2 Availability of Substitute

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 End-user Industry

      1. 2.1.1 Agriculture

      2. 2.1.2 Cosmetics

      3. 2.1.3 Automotive

      4. 2.1.4 Electronics

      5. 2.1.5 Other End-user Industries

India Precipitated Silica Market Size FAQs

The India Precipitated Silica Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Madhu Silica Pvt. Ltd., Tata Chemicals Ltd., Solvay, Ralington Pharma and MLA Group of Industries are the major companies operating in the India Precipitated Silica Market.

India Precipitated Silica Market Report Snapshots

India Precipitated Silica Market Size & Share Analysis - Growth, Trends, and Forecasts (2024 - 2029)