According to a market report by Lucintel, the future of the synthetic wet silica market looks promising with opportunities in the building & construction, agriculture, chemical, oil & gas, automotive, personal care & cosmetics, medical & pharmaceutical, and food & beverage markets. The global synthetic wet silica market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are 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.
In this market, synthetic amorphous silica gel, colloidal silica, and precipitated silica are the major segments by product type. Lucintel forecasts that precipitated silica will remain the largest segment over the forecast period due to its wide usage in various end use industries such as tire, industrial rubber, footwear, food, and agriculture.
Within this market, automotive will remain the largest end use industry segment over the forecast period due to rising use of precipitated silica in green tires owing to low rolling resistance & excellent dispersion capacity and improved adherence & longevity.
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.
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 companies are among the major suppliers of synthetic wet silicas.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global synthetic wet silica market by form, product type, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Synthetic Wet Silica Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global synthetic wet silica market by form, product type, end use industry, and region as follows:
Synthetic Wet Silica Market by Form [Value ($B) Shipment Analysis from 2017 to 2028]:
Synthetic Wet Silica Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Synthetic Amorphous Silica Gel
Colloidal Silica
Precipitated Silica
Synthetic Wet Silica Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Building and Construction
Agriculture
Chemical
Oil and Gas
Automotive
Personal Care and Cosmetics
Medical and Pharmaceuticals
Food and Beverages
Others
Synthetic Wet Silica Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
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This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global 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)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?