India Precipitated Silica Market Growth & Trends
The India precipitated silica market size is anticipated to reach USD 136.5 million by 2030. The market is projected to grow at a CAGR of 10.2% from 2025 to 2030. The market is likely to witness substantial growth over the forecast period, owing to its extensive use in rubber, oral care, and packaging applications.Sodium silicate plant technology and rice husk technology are key technologies used for product manufacturing. Manufacturing of precipitated silica through rice husk ash, obtained from rice husk based power plants, is an upcoming production process, which is poised to significantly lower the manufacturing cost.
The market is projected to witness notable threat of substitution due to increasing use of carbon black, which shows similar rolling resistance, thereby increasing its treadwear rating. Furthermore, manufacturing of carbon black leads to lower material and processing cost compared to precipitated silica, which is anticipated to adversely affect the growth of the market.
The market is estimated to witness high rivalry due to presence of large number of manufacturers. Major companies are focusing on product development as well as capacity expansions, thereby increasing the competition. Surging demand for bio-based raw materials is expected to open new avenues for players, thereby intensifying the competition.
India Precipitated Silica Market Report Highlights
- The rubber segment dominated the market and accounted for the largest revenue share of 57.3% in 2024. This growth can be attributed to the increasing demand for high-performance tires in the automotive industry.
- The agrochemicals sector is expected to grow at a CAGR of 10.6% from 2025 to 2030, owing to an increased focus on sustainable agricultural practices.
- Spiraling product demand in the footwear industry to provide translucent soling, better flex resistance, and enhanced abrasion resistance is likely to work in favor of the market.
- Reduction in soda ash production in the U.S. is resulting in an increased raw materials sourcing, which is further leading to surge in the price of precipitated silica in India.
- Market players compete with each other on the basis of product availability, ability to provide custom grade products, and product prices, with many of them following cost leadership strategy.
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Table of Contents
Companies Mentioned
- Evonik Industries
- W. R. Grace & Co
- PQ Corporation
- PPF Industries
- Anten Chemical Co. Ltd
- Huber Engineered Materials
- PPG Industries, Inc.
- IQE Group
- Solvay S A.
- Oriental Silicas Corporation
- Tosoh Silica Corporation
- INEOS.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 70 |
Published | December 2024 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 76.2 million |
Forecasted Market Value ( USD | $ 136.5 million |
Compound Annual Growth Rate | 10.2% |
Regions Covered | India |
No. of Companies Mentioned | 12 |