Based on the market research conducted by FMI, the global silica for S-SBR market is projected to record a CAGR of 7.3% from 2023 to 2033. The market size in 2023 is expected to be USD 861.8 million. By 2033, the valuation is anticipated to reach beyond USD 1.8 billion.
Key factors that Might Surge the Market Growth are:
Investors from different niches are counting upon the ability of the silica for S-SBR to act as a reinforcing filler. They are used in rubber to develop long-wearing products and increase the strength and longevity of different products.
People across industries are aware of the side effects of making use of carbon black. The inhalation of carbon black can lead to excess cough and lung disease. These also irritate the eyes, nose, and throat. The carbon black also impacts the ecosystem, and drastically reduces agricultural productivity. Thus, a lot of niches are turning towards silica for S-SBR.
The demand for silica for S-SBR is expected to surge owing to the fact that these are used specifically for green tires. The primary-chain molecular weight coupled with controllable low branching provides protection against wet skid and rolling loss.
Implementation of strict regulations pertaining to tire labeling is projected to surge the sales of silica for S-SBR during the forecast period. Several regions have made tire labeling mandatory owing to surging environmental concerns. Since 2012, the European Union has made it compulsory to label tires from A-E based on wet grip, noise, and rolling resistance.
Countries, such as Japan, South Korea, and China have also passed regulations for tire labeling, which has surged the demand. Regulatory bodies are also giving incentives to manufacturers and consumers with a preference for performance tires that use silica for S-SBR.
The use of high-performance silica compound tires leads to a minimal production cost. These tires offer greater fuel efficiency, which may lead to a surge in adoption. This is an important factor driving the growth of the silica for S-SBR market.
Silica for S-SBR is also used in construction activities, which include roofs, pavements, and roads. It is also used as a plastic in order to protect structures from getting old. As a result, the market is presented with enormous potential by the USD 13 trillion building. North America is expected to hold the dominant market share during the forecast period. Tire labeling regulations and governments’ efforts to cut down CO2 emissions have led to a rise in demand. Silica reinforced S-SBR market is anticipated to witness a rise in demand for winter tires in the region.
| Attributes | Value |
|---|---|
| Silica for S-SBR Market Value (2022) | USD 803.1 million |
| Silica for S-SBR Market Expected Value (2023) | USD 861.8 million |
| Silica for S-SBR Market Forecast Value (2033) | USD 1.8 billion |
| Silica for S-SBR Market Expected CAGR (2023 to 2033) | 7.3% |
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Surging government regulations, coupled with the growing construction sector represents lots of scope for the market. The manufacturers in the market have also been making innovations in order to increase the efficiency of the product.
Aeroshield, which is based out in the United States has been manufacturing super-insulated glass shields. The company has been making use of silica aerogel for optimizing chemical recipes. This has assisted in the production of lighter, thinner, and efficient windows. The same gel is used for manufacturing solar thermal receivers as well.
With many such innovations on the foray, FMI analysts are optimistic about the market growth. The anticipated CAGR is therefore predicted to be greater than the CAGR in the past. The historical CAGR for the market was 6.5% and the anticipated CAGR is 7.3%.
The reducing emission has been critical to the falling greenhouse effect and the resulting climate change. The use of silica technology as a reinforcing filler reduces CO2 emission by ~7%. These factors have greatly influenced the global silica for S-SBR market.
A noteworthy share in the global silica for S-SBR market is also projected to come from the footwear sole reinforcement segment. This segment is also anticipated to remain a lucrative segment in the global silica for S-SBR market throughout the forecast period.
Principal Consultant
| Region | North America |
|---|---|
| Country | United States |
| CAGR (2023 to 2033) | 6.1% |
| Region | Europe |
|---|---|
| Country | Germany |
| CAGR (2023 to 2033) | 5.6% |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR (2023 to 2033) | 9.2% |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR (2023 to 2033) | 4.7% |
| Region | Asia Pacific |
|---|---|
| Country | South Korea |
| CAGR (2023 to 2033) | 5.7% |
When it comes to addressing rising pollution levels, the United States has a reputation for being proactive. As a result, the usage of electric vehicles has rapidly increased. The electric vehicles market in the United States was valued at USD 34 billion in 2022. The market is expected to advance at a robust CAGR of 26%.
| Attributes | Details |
|---|---|
| United States Market Expected Size (2033) | USD 322 million |
| United States Market Absolute Dollar Growth | USD 143.7 million |
| CAGR % 2018 to 2022 | 6.5% |
The producers of automobiles transform silica into silicon. In order to prolong the interval between charges, this helps replace and supplement the carbon in battery anodes. To make the tires of electric vehicles more durable, they are also employed in their tires.
Germany has been amongst the dominant nations when it comes to the electrical market. In 2022, the electrical market in Germany was valued at USD 577 billion. The analysts at FMI predict that the growth rate could surge given how quickly the electrical business is developing.
| Attributes | Details |
|---|---|
| Germany Market Expected Size (2033) | USD 100.7 million |
| Germany Market Absolute Dollar Growth | USD 42.2 million |
| CAGR % 2018 to 2022 | 5.9% |
Silica handles the crucial operation of powering a wide variety of devices. The silica-based wafers are used as a substrate for microelectronic devices. One of the most crucial benefits, which has led to the massive adoption of silica for S-SBR is its ability to act as a conductor and insulator.
One of the leading real estate markets is considered to be China. In 2021, the real estate market in China had a valuation of USD 4.9 trillion. With rapid urbanization, the market size is expected to surge during the forecast period.
| Attributes | Details |
|---|---|
| China Market Expected Size (2033) | USD 480 million |
| China Market Absolute Dollar Growth | USD 280.5 million |
| CAGR % 2018 to 2022 | 7.4% |
Most of the materials which are used in real estate, i.e., flooring, mortars, asphalt, etc. make use of silica to improve durability. Silica also has the ability to improve structural integrity. Silica is used for the removal of contaminants in the processing of wastewater and filtration of drinking water.
Japan is third in the world when it comes to the pharmaceutical industry. The expansion has been exponential in the wake of the COVID-19 pandemic. Silica has been utilized to enhance disintegration as well as to increase compatibility and flowability. In order to ensure that powder flows smoothly during the processing of tablets, silica is employed as an anti-caking agent and adsorbent for tablets.
| Attributes | Details |
|---|---|
| Japan Market Expected Size (2033) | USD 95.6 million |
| Japan Market Absolute Dollar Growth | USD 35 million |
| CAGR % 2018 to 2022 | 5.1% |
The capacity to act as an excipient has led to the silica for S-SBR gain getting plenty of attention. Several firms in the pharmaceutical industry have started using silica for S-SBR due to its high chemical purity.
In the current times, South Korea is one of the leading players in the automotive market. In 2020, the automotive market generated revenue worth USD 61 billion. Silica is convenient for automotive manufacturers to use. As a result, they are employed in hot air vulcanization and steam bath applications.
| Attributes | Details |
|---|---|
| South Korea Market Expected Size (2033) | USD 70.5 million |
| South Korea Market Absolute Dollar Growth | USD 30.1 million |
| CAGR % 2018 to 2022 | 6.2% |
When compared to organic polymers, silica for S-SBR offers reliable insulation as well. Automotive manufacturers are also looking for ways to reduce noise pollution. The silica's absorbing properties contribute significantly to a reduction in vibration noise. They also work exceptionally well in a wide range of temperatures (from -50 oC to +320 oC).
| Segment | Type |
|---|---|
| Attribute | Untreated |
| CAGR % 2018 to 2022 | 6.5% |
| CAGR % 2023 to 2033 | 7.3% |
| Segment | Application |
|---|---|
| Attribute | Tire Reinforcement |
| CAGR % 2018 to 2022 | 6.6% |
| CAGR % 2023 to 2033 | 7.5% |
The untreated segment is expected to hold the dominant share during the forecast period. Being a pure and relatively reactive source, it is useful for alkali-free synthesis as it contains a low amount of sodium. The untreated silica is also used to control viscosity and also as an anti-foaming agent.
The untreated segment is also used in the food industry as a dough modifier. Even the pharmaceutical sector has started making use of the untreated segment as an excipient in drugs and vitamins.
The tire reinforcement segment is anticipated to hold the leading share. The growing automobile sector may be considered the key reason. The ability to prevent the deterioration of metals, steel, and iron has led to widespread acceptance in the automobile market. Silica for S-SBR is also used to prevent condensation and foggy windshields.
Silica is also used in the form of silica gel for preserving vehicles. The ability to release back moisture through desorption has created massive demand in the automobile market. Silica is also used in the tires in order to increase their sturdiness, and these also promote the application of green tires.
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The new players in the market are making use of ultra-high purity silica for S-SBR. They have been providing high-purity quartz, which enables the development of advanced custom materials. The manufactured product is suitable for use in specialty glass, ceramics, solar, and electronics quartz.
Brisil: Brisil has been manufacturing advanced precipitated silica. The zero-waste chemical process derives precipitated silica from rice husk ash. This process also enables the development of highly dispersible silica. The product manufactured by the start-up assists in the production of silica based tires, paints, coatings, and pharmaceuticals.
In November 2018, Brisil technologies received funding of USD 30,900.
Crucial Players Seeking Successful Partnership: The key players operating in the market are entering into collaboration in order to obtain depolymerization extruders and technologies. The production of r-MMA using this chemical recycling process assists in the reduction of carbon footprint. In October 2022, Trinseo and JSW Europe entered into a collaboration with PMMA chemical recycling.
| Company | Description |
|---|---|
| Trinseo | Trinseo is a provider of specialist material solutions that collaborates with businesses to develop ideas. The organization has been releasing value for both individuals and businesses by fusing top knowledge, upcoming breakthroughs, and best-in-class materials. Trinseo has been addressing customers' particular challenges across a variety of industries by drawing on decades of experience in different material solutions. The long history of the business is rooted in creativity, wisdom, and vision. |
| LANXESS | Success at LANXESS is based on the performance and personal dedication of each individual. The objective is to make significant contributions to society and sustainably improve the company's worth. The five company values of respect, ownership, trust, professionalism, and integrity have guided LANXESS's activities. As a result, the pursuit of performance does not conflict with one another but rather harmonizes with it. |
| Evonik Industries | The core of Evonik's performance pledge, "Leading beyond chemistry to improve life, today and tomorrow," is its mission. It is simple to trace back to the company's origins, which explains the motivations behind Evonik and the type of social contribution it has been making. In order to improve life, the company has been going beyond chemistry. Through strengthening the product's qualities, Evonik hopes to have a direct, positive impact on everyone's life. |
Other Key Companies Profiled: Solvay S.A., PPG Industries Inc.
The global silica for S-SBR market is estimated to accrue around USD 861.8 million in revenue in 2023.
The United States market was figured out to be having USD 34 billion value in 2022.
The market in China is poised to exhibit a 9.2% CAGR through 2033 in sales of silica for S-SBR.
The overall silica for S-SBR market witnessed a growth rate of 6.5% from 2018 to 2022.
The expanding automobile sector is expected to drive this segment at 7.5% CAGR through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Type 5.1. Treated 5.2. Untreated 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 6.1. Tire Reinforcement 6.2. Footwear Sole 6.3. Polymer Modification 6.4. Adhesives and Sealants 6.5. Others 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use Industry 7.1. Automotive 7.2. Construction 7.3. Footwear 7.4. Other Industrial 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. Asia Pacific Excluding Japan 8.6. Japan 8.7. Middle East and Africa 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Trinseo 18.2. Lanxess Aktiengesellschaft 18.3. Evonik Industries AG 18.4. Solvay S.A. 18.5. PPG Industries Inc. 18.6. LG Chem 18.7. JBR Corporation 18.8. Sumitomo Chemical Co., Ltd. 18.9. TSRC 18.10. Oriental Silicas Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
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Silica for S-SBR Market
