HighDispersible Silica Market: Introduction
The global high dispersiblesilica market was valued at ~US$ 826 Mn in 2018 andis anticipated to expand at a CAGR of ~10% during theforecast period. Among forms, the micropearl segment held a dominant share ofthe global high dispersible silica market in 2018, as this formof high dispersible silica is widely used in the production of green tires, dueto its dust-free properties. Based on application, the tire segment constituteda significant share of the global high dispersible silica market in 2018.Increase in the demand for tires with low rolling resistance is anticipated topropel the segment during the forecast period. The high dispersible silicamarket in Asia Pacific is likely to expand at a rapid pace during the forecastperiod, owing to high investments in the automobile sector in countries in theregion such as China and India.
Key Drivers of High DispersibleSilica Market
The globalautomotive production has increased by 15% since 2010.Over the last few years, focus on reduction of vehicle weight has been a keytrend in the automotive industry to reduce CO2 emissions. The growth in thetire production worldwide is a result of growth of the global automotiveindustry. Over the last decade, similar to other parts of automobiles, tireshave been witnessing advancements intended to make them ecologically moresustainable. Green tires are new-generation tires that reduce CO2 emissions as well as fuel consumption, therebycontrolling the pollution. Rolling resistance of tires accounts for 20% ofthe energy used by a vehicle. Therefore, tire energy efficiency is a keyparameter for vehicle fuel consumption. High dispersible silica facilitates lowrolling resistance, thereby reducing the fuel consumption, as it provides lessfriction when the tire rolls down the road. High dispersible silica is alsoused in high-performance tires as a low-heat, buildup reinforcement filler.High dispersible silica is being increasingly adopted by tire manufacturers asa reinforcement filler, owing to the tire labelling legislation and stringentregulations for environment protection. It offers higher reinforcing abilityand enhance fuel efficiency. On the other hand, carbon black has higher rollingresistance, which results in higher consumption of fuel. Thus, high dispersiblesilica is used as a substitute for carbon black in the tire industry to acertain extent.
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Incountries where rubber application (consumption of rubber in tiremanufacturing) accounts for a substantial share of the overall market, rise inthe demand for green tires is expected to boost the high dispersible silicamarket in the near future.
North America Leads HighDispersible Silica Market
NorthAmerica dominated the global high dispersible silica market in 2018. Dominanceof North America can be ascribed to introduction of several initiatives bypolicymakers across the region to minimize the number of tire-related crashes,reduce carbon pollution, and save fuel costs. In terms of market share, Europefollows North America in the global high dispersible silica market.Introduction of tire labelling regulations is a key factor boosting the highdispersible silica market in Europe. Furthermore, rise in awareness aboutbenefits associated with green tires and surge in investments in the capacityexpansion of precipitated silica plants are expected to propel the market inthe region during the forecast period.
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MajorDevelopments in High Dispersible Silica Market
In June2018, Evonik Industries AG announced its plans to increasethe annual production capacity for precipitated silica of its manufacturingfacility in Adapazari, Turkey by 40,000 metrictons. Evonik Industries AG and EGE KIMYA have formed a joint venture in Turkey.The new production complex is scheduled to commence operations by 2020.
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CompetitionLandscape of High Dispersible Silica Market
The globalhigh dispersible silica market is dominated by large players operating acrossthe world. Prominent players operating in the global high dispersible silicamarket are Solvay S.A., PPG Industries, Inc., W. R. Grace & Co., EvonikIndustries AG, Oriental Silicas Corporation, Brisil, Tata Chemicals Ltd., AgileNobel, Oryzasil Silicas Naturais, and Madhu Silica Pvt. Ltd
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