Silica Gel Market growth , Share, Analysis by Production, Consumption, Revenue, and Growth By 2030 Key Factors and Emerging Opportunities with Current Trends Analysis 2022-2030
Silica Gel Market growth The Silica Gel Market growth was marked at a value of 5.1 billion in 2016 and it is further expected to grow at a higher CAGR of 6.1 % during the forecasted period to account for a higher market value share by the end of the forecasted period. Due to its dry and moisture-proof properties, type A and B are increasingly being used in applications such as adsorbents, perfume carriers, and separators, which is driving the market growth. In the food and beverage industry, silica gel is used as a desiccant to prolong the shelf life of products and resist deterioration and fungus growth caused by moisture. Furthermore, silica gel is used as an anti-caking agent, stabilizer, deforming agent, and anti-settling agent in food additives. Because of its widespread use in pharmaceutical packaging to reduce product spoilage due to moisture content, the Silica Gel Market is expected to expand in tandem with the pharmaceutical industry’s expansion. COVID 19 Analysis The gl...