(MENAFN- GetNews) Global Silica Gel Market Research Report by Product (Type A, Type B, Type C, Silica-Alumina Gel, Others), Applications (Desiccant, Chromatography, Food Additives, Water Filtration) End-Use Industry (Oil and Gas, Pharmaceutical, Petrochemical) – Forecast till 2023
According to Market Research Future (MRFR), the Global Silica Gel Market is expected to witness significant growth through the forecast period, growing at a notable CAGR over the forecast period.
Silica Gel is an absorbent, granular, and vitreous form of Silicon Dioxide prepared artificially from sodium silicate. The superior properties of silica gel such as chemically immobile, non -corrosive, non-toxic, and exceptional absorbing qualities, among others. This has increased its applications as absorbents, perfume carriers, and separators due to its dry and moisture-proof properties, which is likely to contribute significantly to the growth of the market over he forecast period.
Additionally, Silica Gel is used as a desiccant in the food and beverage industry, and pharmaceutical packaging industry to improve the shelf life of products and to prevent decay caused by moisture.
furthermore, Silica Gel is used as an anti-caking agent, anti-settling agent, defoaming agent, and stabilizer in food additives. Moreover, the rising shift of water treatment methods from conventional to natural, coupled with the strict government regulations is another factor driving the Global Silica Gel Market.
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Key Players:
The major players identified in the Global Silica Gel Market are DowDuPont (U.S.), Millennium Chemicals (U.S.), Clariant (Switzerland), Solvay (Belgium), Evonik Industries (Germany), Merck Group (Germany), China National Bluestar Company Limited (China), Qingdao Haiyang Chemical (China), Fuji Silysia Chemical (China), Nissan Chemical Industries (Japan), among others.
Segmental Analysis:
The Global Silica Gel Market is segmented based on Type, Application, and End-Use.
Based on the Type , the Silica Gel Market is segmented into Type A, Type B, Type C, silica-alumina gel, and others.
Based on the Application , the Global Market for Silica Gel is segmented into chromatography, desiccant, food additives, water filtration, and others.
Based on End Use , the market has been segmented into cosmetic and healthcare, oil and gas, pharmaceutical, petrochemical, and others.
Regional Analysis:
Based on the Region, the GlobalSilica Gel Marketis segmented into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA).
North America is accounted for a significant share of the market owing to the increasing demand for Silica Gel in the pharmaceuticals packaging industry. Additionally, technological advancements, developed economy, among others, are favorable factors for the growth of the market. Moreover, the shale gas rise is expected to drive the market demand for Silica Gel in the oil & gas, and petrochemical industries in the region owing to its use as a catalyst in the petrochemical industry along with its use in refining and processing of natural gas.
The European region is the second largest region in the Global Silica Gel Market and is expected to grow considerably through the forecast period. The presence of the established end-use industries such as cosmetic and personal care among others is the primary factor fuelling market growth. The increasing use of Silica Gel in personal care and cosmetic products is also likely to contribute to the growth of the Silica Gel Market in the region over the forecast period.
The Asia Pacific region in the Silica Gel Market is expected to be the fastest growing region. It is predicted that the increasing investments in the end-user industries are likely to drive the market during the forecast period. The rising demand from the packaging industry coupled with the rising demand for electronics and food and beverage owing to the ever-increasing disposable income of consumers are some of the factors driving the growth of the Silica Gel Market in this region. This growth is primarily attributed to the developing economies of the region, such as China, India, and Japan.
The Middle East & African region is projected to witness gradual growth in the market owing to the growing adoption of Silica Gel in oil & gas, and petrochemical industries. The high adoption of silica gel is extensively used in the removal of impurities from crude oil and remove hydrocarbons and water molecules from natural gas and other petroleum gases. The favorable government regulation towards the oil and gas industry is one of the leading influential factors for market growth through the forecast period.
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