Silica Gel Market Report Covers Detailed Industry Scope, Future Scenario and Elaborates Outlook to 2030
Market Insights
Silica Gel Market is projected to be worth USD 781.9 Million by 2030, registering a CAGR of 3.3% during the forecast period (2020–2030).
Silica gel is used as a desiccant in the food and beverage industry to increase the shelf life of products and restrain the growth of rot and mold due to humidity. In addition, silica gel is used in food additives as an anti-caking agent, stabilizer, deforming agent, and anti-settling agent. The growth of the pharmaceutical industry is expected to develop further and drive the Silica Gel Market due to its intensive use in pharmaceutical packaging to reduce product deterioration due to moisture. In addition, the high surface properties and superior absorption qualities make the silica gel effective in the use of water treatment facilities. The increasing shift from conventional water treatment to physical treatment, in combination with stringent government regulations, are other factors that have a positive impact on the global market.
The growing development of biotechnology, particularly in emerging economies, is expected to stimulate the growth of biopharmaceuticals, which could stimulate demand for chromatographic silica gel. In addition, the increasing application in paints and coatings, steel refineries, and oxygen facilities for the removal of ethane from oxygen has a positive effect on market growth.
Get a Free Sample PDF Brochure — https://www.marketresearchfuture.com/sample_request/5151
Market Segmentation
The global silica gel Market is divided into type, application, and end-use.
The type segment of the global silica gel market is classified into Type A, Type B, Type C, silica-alumina gel, and others.
The global silica gel market is diversified on the basis of application into food additives, desiccants, chromatography, water filtration, and others.
Based end-use industry is further segmented into oil and gas, petrochemical, pharmaceutical, healthcare, cosmetic and, and others.
Regional Insights
North America controls most of the global market and is expected to continue to dominate due to the growing demand for Silica Gel Walmart from various end-user industries such as pharmaceuticals and healthcare. In addition, encouraging government regulation and investment in the health, nutrition, and beverage sectors should contribute to market growth.
The Asia Pacific region is the fastest-growing market and is expected to see the highest CAGR growth in the coming years. GDP growth, combined with increased government investment, has increased the number of end-users such as medicines, cosmetics, and healthcare, boosting market demand for silica in the region’s developing economies.
It is estimated that the European region is experiencing significant growth in countries due to the presence of a well-developed cosmetics and personal care sector. The excellent properties of moisture-absorbing silica gel have paved the way, among other things, for packaging in the cosmetics and electronics industries. Therefore, it creates a huge demand for the product.
The Middle East and Africa are estimated to experience significant growth due to the increased consumption of silica gel in their dominant oil and gas, and petrochemical industries. Favorable government participation and the expansion of the oilfield in the region is the determining factor of the market.
Enquiry For Discount — https://www.marketresearchfuture.com/check-discount/5151
Major Players
Renowned industrial companies involved in the production of silica gel are heavily investing in smart products to enhance their efficiency and to stay competitive in the global market. These major players include Evonik Industries, Fuji Silysia Chemical, Merck Group, Clariant, Qingdao Haiyang Chemical, Millennium Chemicals, Solvay, China National Bluestar Company Limited, Nissan Chemical Industries, and DowDuPont.
Recent Updates
- Stanford researchers developed a gel that can be sprayed on vegetation and forests to make it fire-proof and restrict the spreading of wildfires. The contents present in the gel include silica particles, plant extracted cellulose plants mixed with the flame-retardant fluid.
Related report -
- refrigerant market https://www.marketresearchfuture.com/reports/refrigerant-market-5879
- Industrial Films Market https://www.marketresearchfuture.com/reports/industrial-films-market-5282
- Industrial Alcohol Market https://www.marketresearchfuture.com/reports/industrial-alcohol-market-5787
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Comments
Post a Comment