Lucintel's latest market report analyzed that synthetic wet silica provides attractive opportunities in the transportation, consumer electronics, computer and peripherals, industrial, and telecom/datacom markets. The synthetic wet silica market is expected to reach $XX billion by 2028 with a CAGR of 6% to 8%. In this market, precipitated silica is the largest segment by product type, whereas automotive is largest by end use industry.
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Based on product type, the synthetic wet silica market is segmented into synthetic amorphous silica gel, colloidal silica, and precipitated silica. The precipitated silica segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its wide usage in various end use industries such as tire, industrial rubber, footwear, food, and agriculture.
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The Synthetic Wet Silica Market is marked by the presence of several big and small players. Some of the prominent players offering synthetic wet silica include Cabot Corporation, Evonik Industries, W.R. Grace & Co., IQE Group, PQ Corporation, PPG Industries, Solvay S.A., Zeochem AG, Makall Group, and Wacker Chemie AG.
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