Precipitated Silica Market To Witness A Significant Growth Of USD 3.72 Billion By 2030
San Francisco, 22 June 2023: The Report Precipitated Silica Market Size, Share & Trends Analysis Report By Application (Rubber, Agrochemicals, Oral Care, Food), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030 The global precipitated silica market size is anticipated to reach USD 3.72 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 7.1% during the forecast period. Increasing utilization of the product in tires to enhance tire tread wear resistance and adhesion, is the major factor driving the growth. Substitution of carbon black with precipitated silica on account of its eco-friendly nature is anticipated to fuel the market. Application of the product in agrochemicals is expected to witness a considerable growth on account of its extensive usage as free flow agent. Increasing use of precipitated silica owing to its absorption ability and improved chemical stability is expected to dri