ALBANY, N.Y., Dec. 17, 2020
- Automotive industry major end user of high dispersible silica market, companies augmenting production capability of micropearls to lap up demand for environmentally friendly tires
- Utilization in making industrial rubber products to add growth momentum, high dispersible silica market to reach worth of ~US$ 1.8 Bn by 2027-end
ALBANY, N.Y., Dec. 17, 2020 /PRNewswire/ -- High dispersible agents are used extensively in wide range of reinforcement applications in tire industry and industrial rubber industry. They are commonly used in conjunction with silane coupling agents. Their demand has risen steadily as they form a key part of improving the performance of tires, thus the strides made in sales of automotive is a key driver for growth in the high dispersible silica market.
By 2027-end, the high dispersible silica market is expected to reach worth of ~US$ 1.8 Bn. Analyst at TMR concur that the evolving regulations pertaining to the automotive industry will influence the dynamics of the high dispersible silica market during the forecast period. The demand for these will soar to fulfil the demand for green tires for the automotive industry, they add.
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Key Findings of High Dispersible Silica Market Report
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High Dispersible Silica Market: Key Driving Factors and Promising Avenues
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Key Impediments to High Dispersible Silica Market Stakeholders
Green tires are still not very popular, and in cost-sensitive markets, the awareness about the benefits is quite low. This has hampered the revenue in the high dispersible silica market. Also, energy-efficient tires have also seen low uptake in developing nations.
Nevertheless, the role of green tires in the transportation sector is being gradually appreciated in several nations around the world. Players are also looking for low-cost and sustainable supply of raw materials so that they can reduce the final cost of high-dispersible silica for the tire industry. In this regard, rice husk ash (RHA) is showing huge promise to producers of the silica. They are abundantly available and offer high yield, making them attractive for market players.
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High Dispersible Silica Market: Regional Landscape
Regionally, North America held the major share in 2018. The focus of policymakers and automotive industry stakeholders to reduce tire-related crashes has spurred the prospects of the regional market. Europe is also a lucrative regional market. Also, the demand for high dispersible silica in Europe has risen substantially to meet the latest tire labelling regulations. The demand for reducing carbon footprint of the transportation sector has cemented the revenue potential of these regional markets over the years.
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