Silica Gel Market ,COVID19 impact on Industry and Outlook 2030
Silica Gel 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 glo