PUBLISHER: Grand View Research | PRODUCT CODE: 1631008
PUBLISHER: Grand View Research | PRODUCT CODE: 1631008
The India precipitated silica market size is anticipated to reach USD 136.5 million by 2030, according to a new report by Grand View Research, Inc. 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.