The global precipitated silica market was valued at US$ 3.5 Bn in 2018 and is anticipated to expand at a CAGR of ~4% during the forecast period. Among applications, the rubber segment held a major share of the global precipitated silica market in 2018. Increase in the demand for energy-efficient tires in the global automobile sector is anticipated to propel the segment during the forecast period. Energy-efficient tires filled with precipitated silica enable less fuel consumption with swift vehicle movement. The precipitated silica market in Europe is likely to expand at a rapid pace during the forecast period, owing to increase in expenditure on the construction of precipitated manufacturing facilities in the region.
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