Silica Gel Market to Cross revenue of around US$ 750 Mn by 2030-end | Key Players - W.R. Grace & Co., Merck KGaA

Silica Gel Market

A recent report by Persistence Market Research (PMR) estimates that, the global silica gel market will reach a revenue of around US$ 750 Mn by the end of 2030. the global silica gel market size, which is projected to progress at a value CAGR of 3.5% from 2020 to 2030.

In addition to R&D labs and academic institutions, the food and beverage, electronics, biotechnology, and agriculture industries are also experiencing an increase in demand for silica gel. The use of silica gel is rising in the fields of packaging, medicines, and personal care items, which have not been negatively impacted by the COVID-19 outbreak as much as most other industries have. Market expansion is also being aided by the rising use of silica-based chillers and the expanding use of aroma silica gel.

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Key insights from the Silica Gel market study

• By product type, indicatorless silica gel will continue to be in demand in the market with sales growing at a comparatively higher CAGR than indicator silica gel. The growing demand for non-indicating silica gel is primarily attributed to its wide range of uses in applications such as desiccants, plastics, personal care products, and paints and coatings.
• In terms of volume, it is estimated that fine pore silica gel will have a high CAGR by 2030 and will remain dominant in the global silica gel market.
• Desiccants will continue to be the largest application of silica gel by volume, followed by pharmaceuticals and paints & coatings. Pharmaceutical application of silica gel is expected to register the highest CAGR by 2030 . In contrast, the application of silica gel as a catalyst support will show the lowest CAGR in the coming years.
• Asia Pacific is anticipated to be the most lucrative region for players in the global Silica Gel Market.

Silica Gel Market: Major Players - 

• W.R. Grace & Co.
• Thermo Fischer Scientific
• Merck KGaA
• Clariant
• BASF SE
• AGC Chemicals Americas
• Osaka Soda Co., Ltd.
• Silicycle
• Multisorb Technologies
• Hengye, Inc.
• Dessicare, Inc.
• PQ Corporation
• Fuji Silysia Chemical ltd.
• Qingdao Makall Group Inc. and more

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Silica Gel Market Segmentation -

Silica Gel Market By Product
• Indicating Silica Gel
• Non-indicating Silica Gel

Silica Gel Market By Pore Size
• Fine Pore (Type A)
• Medium Pore (Type B)
• Wide Pore (Type C)

Silica Gel Market By Application
• Chromatography
• Catalyst Support
• Paints & Coatings
• Plastic
• Desiccants (Food, Pharma, Others)
• Personal Care Products

Silica Gel Market By Region
• North America
• Latin America
• Europe
• Asia Pacific
• MEA

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Want to Know More?

Persistence Market Research has published a market research report on the silica gel market that contains global industry analysis of 2015-2019 and forecasts for the period of 2020-2030. The report provides insightful analysis of the silica gel market through different segments, namely, product (indicating silica gel and non-indicating silica gel), pore size (fine pore [type A], medium pore [type B], and wide pore [type C]), and application (chromatography, catalyst support, paints & coatings, plastic, desiccants [food, pharma, and others], and personal care products), across five major regions of the world. The silica gel market report also provides supply and demand trends, an import-export scenario, and a comprehensive list of suppliers and distributors in the market, along with a detailed overview of the value chain.

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