Precipitated Silica Market Share, Trends | Forecast 2027

Category: Business

The automotive sector across the world, particularly in the Asia Pacific region, has experienced considerable growth over the past few years. Although the sales of automotive vehicles are likely to oscillate in North America and Europe, owing to the evolving market landscape and stringent environment safety guidelines, the precipitated silica market in the Asia Pacific region is expected to provide fertile grounds for expansion of the automotive sector. The growth of the automotive sector across the world is projected to provide an impetus for growth of the precipitated silica market, as the demand continues to move in the upward trajectory. The adoption of precipitated silica to manufacture rubber tires is a major factor that is likely to drive the precipitated silica market during the forecast period.