The global precipitated silica market was valued at USD 1.33 billion in 2015 and is projected to reach USD 2.23 billion by 2021, at a CAGR of 9.1% from 2016 to 2021. This growth can be attributed to the increasing demand from the tires and rubber products industries.
Evonik Industries AG (Germany), PPG Industries Inc. (U.S.), W.R. Grace & Co. (U.S.), Tosoh Silica Corporation (Japan), Solvay SA (Belgium), Huber Engineered Materials (U.S.), and Oriental Silica Corporation (Taiwan) are some of the leading players in this market.
Key players operational in the precipitated silica market are focusing on expansions, new product launches, mergers & acquisitions, agreements, and investments to cater to the increasing demand across various industry verticals. Evonik Industries AG., PPG Industries Inc., and Solvay SA reported the highest number of developments in the global precipitated silica market between 2011 and 2016.
Request Report Sample At https://www.marketsandmarkets.com/requestsampleNew.asp?id=248726425
Evonik Industries AG is one of the leading manufacturers of precipitated silica, globally. The company is focused on maintaining its position in the precipitated silica and specialty silica markets through strategies such as new product expansions and developments.
For example, Evonik Industries expanded its precipitated silica production in Japan, by opening a new production facility for surface modified AEROSIL in Yokkaichi. This expansion will benefit its customers with better product availability and shorter lead times for the product supply. This launch also helped the company to expand its product line and provide operational, cost, and environmental efficiencies to its customers.
PPG Industries Inc., is another key player in the precipitated silica market and has presence in several regions across the globe. PPG Industries, Inc. offers economical as well as environment-friendly and cost-efficient products and services to help customers in meeting environmental standards.
Download PDF Brochure At https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248726425
The company expanded its precipitated silica production capacity at its Lake Charles, Louisiana manufacturing plant by more than 10,000 tons per year. The company also increased its production capacity of precipitated silica at its Delfzijl, The Netherlands plant. Through these expansions, the company is planning to offer its customers with various grades of high quality precipitated silica.
Read More At https://www.marketsandmarkets.com/PressReleases/precipitated-silica.asp
