According to the report, the global market is predicted to record a moderate CAGR of 4.7% during the projected period of 2019-2025. By the end of 2025, the global precipitated silica market revenue is likely to exceed US$ 4970 Mn, from US$ 3450 Mn in the year 2018.
The global precipitated silica market has gained significant growth since the past few years and is likely to remain the same in the near future. The rising demand for precipitated silica is due to the growing population and rising trend in rubber industries.
Global Precipitated Silicas Market: Drivers
The rising demand for energy efficient products in the automotive industry is driving the growth of the global market during the projected period. Fuel-efficient, low-emission and light weighted automotive models in vehicles ensure to preserve the environment and this factor is creating a positive impact on the global precipitated silicas market. The higher demand for precipitated silica in the rubber and tire industry is likely to propel the growth of the market in the years to come. Besides, the growth in the tooth paste industry is also expected to boost the growth of the global market for precipitated silica during the forecasted period.
Global Precipitated Silicas Market: Segmental Analysis
The precipitated silica market is segmented into applications and product type. On the basis of product type, the market is segmented into Technical rubber grade, Dental grade, HDS Tire grade, and Food grade. Based on the application segment, the precipitated silica market is segmented into Nutrition/Health, Rubber, Industrial, and Dentifrice.
Global Precipitated Silicas Market: Key Players
Shanxi Tond, Evonik, Jiangxi Blackcat, Rhodia (Solvay), Tonghua Shuanglong, Huber Engineered Materials, Fujian Fengrun, PPG, Hengcheng Silica, OSC Group, Shandong Jinneng, WR Grace, Fujian ZhengYuan, Tosoh Silica, Shandong Link, Quechen Silicon, Fujian Zhengsheng, and Zhuzhou Xinglong are the leading players of the global market for precipitated silica.
W.R. Grace (GRA) Q4 Earnings and Revenues Surpass Estimates
W.R. Grace has released its quarterly 2nd earnings on February 11, 2019. The company's market capital is $5.00 billion, a beta is 1.06, a price-to-earnings ratio is 18.16, and a P/E/G ratio is 1.36. W.R. Grace's quick ratio is 0.99, debt-to-equity ratio is 7.01, and current ratio is1.59. The company has a year low of $58.48 and a year high of $76.26. The company's net profit is 8.67% and ROE is 101.46%. W.R. Grace had revenue of $520.00 million during the quarter end as compared to the analyst estimation from $498.24 million.
Global Precipitated Silicas Market: Regional Analysis
The Asia Pacific is showing remarkable growth in the near future. Emerging economies such as China is the largest consumer and producer of the precipitated silica across the globe. North America is likely to grow its revenue share in the market for precipitated silica over the anticipated period.
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