Silica Market Experiences Steady Demand Growth, Ushering in New Development Opportunities Recently, the silica industry has once again become the focus of market attention. 

Recently, the silica industry has once again become the focus of market attention. As an important industrial raw material, precipitated silica (also known as white carbon black) is widely used in tires, footwear, silicone rubber, feed, coatings, oral care, pharmaceuticals, and other fields, with demand consistently showing steady growth.

According to industry data, China's demand for silica was approximately 1.664 million tons in 2022, and this figure is expected to reach around 1.8 million tons by 2024. This growth trend is mainly attributed to the steady development of the tire market and the upgrading towards greener production. As the largest downstream market for silica, tire demand directly drives the expansion of the silica market. With the rapid development of the domestic automotive industry and the increasing number of car ownerships, tire demand is further unleashed, providing solid support for the silica market.

Furthermore, the popularization of new energy vehicles has also brought new growth points for silica. Green tires, as an important component of new energy vehicles, reduce rolling resistance and improve driving range by incorporating materials such as silica into traditional tires. Therefore, with the continuous expansion of the new energy vehicle market, the demand for green tires also increases, thereby driving the growth of the silica market.

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