Global Precipitated Silica market will reach 4970 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/22

The rising demand for energy efficient products in the automotive industry is driving the growth of the global market during the projected period. Fuel-efficient, low-emission and light weighted automotive models in vehicles ensure to preserve the environment and this factor is creating a positive impact on the global precipitated silicas market.  The higher demand for precipitated silica in the rubber and tire industry is likely to propel the growth of the market in the years to come. Besides, the growth in the tooth paste industry is also expected to boost the growth of the global market for precipitated silica during the forecasted period.

According to the report, the global market is predicted to record a moderate CAGR of 4.7% during the projected period of 2019-2025. By the end of 2025, the global precipitated silica market revenue is likely to exceed US$ 4970 Mn, from US$ 3450 Mn in the year 2018.

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