Facts and Factors Market Research has published a new report titled “South India Silica Gel and Precipitated Silica Market By Product (Process-Based Rice Husk and Process-Based on Sodium Silicate) and By End-Use (Tire & Rubber, Adhesives & Sealants, Food & Beverages, Agriculture, Battery Separators, and Coatings, Paints, & Ink): Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”.
According to the report, the demand for South India silica gel and precipitated silica market was valued at approximately USD 51,901 thousand in 2018 and is expected to reach a value of around USD 82,795 thousand by 2027, at a CAGR of around 5.3 % between 2019 and 2027.
Silica gel is an amorphous & porous kind of silicon dioxide comprising of the irregular three-dimensional framework of silicon and oxygen atoms arranged alternatively with nanometer-scale pores and voids. The voids mainly consist of liquids or water or it can even be filled with the help of vacuum or gas. Furthermore, precipitated silica is an amorphous form of silica and is a white & powdery substance. The compound is manufactured through the precipitation from a solution comprising of silicate salts.
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Massive use of precipitated silica in the food sector to propel the market trends
Large-scale utilization of anti-caking & thickening agent in food processing sector is likely to steer the expansion of silica gem and precipitated silica industry in South India. Apart from this, the application of precipitated silica as food rheology modifier & absorbent is projected to accelerate the growth of the South India silica gem and precipitated silica market over the forecast period.
Furthermore, rapid industrialization along with the high presence of small & medium-scale food processing firms in South India will propel the growth of the market over the forecast timeline. Moreover, the thriving pharmaceutical sector is set to drive market expansion during the forecast timeline. In addition to this, the prominent growth witnessed in the biotechnology activities is predicted to accelerate the demand for silica gel over the forecast timeline. Additionally, the escalating usage of precipitated silica in green tires will notably steer the industry growth during the forecast timeline. Nonetheless, the availability of the product substitutes like activated alumina, activated charcoal, molecular sieves, and activated clay at lower costs and in large quantities will impede the market growth.
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Process-based rice husk to dominate the product landscape by 2027
The growth of the segment is due to the massive demand for the product in South India due to its eco-friendly features and low costs. Apart from this, the product finds application in cooking and helps in proper waste disposal along with enhancing the economic lifestyle of the households in South India.
Tire and rubber segment to contribute majorly towards the overall market revenue share by 2027
Massive usage of precipitated silica in green tires along with escalating demand for low fuel emitting & swift vehicles in the automotive sector will propel the segmental growth during the forecast period. Furthermore, rising awareness among the consumers for minimizing the greenhouse emissions has culminated into huge demand for green tire, thereby steering the growth of the segment.
Andhra Pradesh to lead the silica gel & precipitated silica market surge in South India by 2027
The growth of the market in Andhra Pradesh is due to the thriving packaging sector along with small-scale & large-scale firms focusing heavily on logistics. Moreover, these firms are keen on protecting their products from humidity and hence they are making use of silica gel as a desiccant. Apart from this, the silica gel & precipitated silica finds lucrative application in the electronics sector.
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Key players in the south India silica gel and precipitated silica industry include Cabot Corporation, W.R. Grace & Co.-Conn, Madhu Silica Pvt. Ltd., Malpro Silica Pvt Ltd., Prabha Chemicals & Allied Products, Evonik Industries AG, Astrra Chemicals, Vishnupriya Chemicals Pvt. Ltd., and Allied Silica Limited.
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This report segments the south India silica gel and precipitated silica market as follows:
South India Silica Gel and Precipitated Silica Market: By Product Segment Analysis
- Process-Based Rice Husk
- Process-Based on Sodium Silicate
South India Silica Gel and Precipitated Silica Market: By End-Use Segment Analysis
- Tire & Rubber
- Adhesives & Sealants
- Food & Beverages
- Battery Separators
- Coatings, Paints, & Ink
South India Silica Gel and Precipitated Silica Market: State Segment Analysis
- South India
- Andhra Pradesh
- Tamil Nadu
- Rest of South India
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