According to the recent study the synthetic wet silica market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by growing demand for biogenic amorphous silica, rising demand for nanostructured synthetic amorphous silica as a food additive, and increasing use in various end use industries such as personal care, food and beverage, and automotive.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in synthetic wet silica market by form (powder, granules, and others), product type (synthetic amorphous silica gel, colloidal silica, and precipitated silica), end use industry (building and construction, agriculture, chemical, oil and gas, automotive, personal care and cosmetics, medical & pharmaceuticals, food & beverage, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Precipitated silica market is expected to remain the largest segment during the forecast period.”
Based on product type, the synthetic wet silica market is segmented into synthetic amorphous silica gel, colloidal silica, and precipitated silica. Lucintel forecasts that the precipitated silica market is expected to remain the largest segment due to its wide usage in various end use industries such as tire, industrial rubber, footwear, food, and agriculture.
“Within the synthetic wet silica market, the automotive segment is expected to remain the largest end use industry”
Based on end use industry the automotive segment is expected to witness the highest growth over the forecast period due to rising use of precipitated silica in green tyres owing to low rolling resistance & excellent dispersion capacity and improved adherence & longevity.
“Asia pacific will dominate the synthetic wet silica market in near future”
Asia Pacific is expected to remain the largest region over the forecast period due to growing investments in the automotive and cosmetic sector by the government.
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Major players of synthetic wet silica market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cabot Corporation, Evonik Industries, W.R. Grace & Co., IQE Group, PQ Corporation, PPG Industries, Solvay S.A., Zeochem AG, Makall Group, and Wacker Chemie AG are among the major synthetic wet silica providers.
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