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Global Silica Gel Market is Expected to Expand US$ 672 Mn by 2025 end
Browse Report Overview @ https://www.persistencemarketresearch.com/market-research/silica-gel-market.asp
Asia Pacific (APAC) will remain the most lucrative market for silica gel, with sales expected to reach nearly 200 KT by 2025-end. The silica gel market in this region is projected to register the highest CAGR through 2025. Scope for packaging industry in Asia Pacific is rapidly growing, with small and big industries majorly focusing on their logistics. For protecting their products from moisture, they are using silica gel as a desiccant. In addition, electronics sector is estimated to be an emerging field for adoption of silica gel. With number of electronic enterprises growing rapidly in APAC countries such as China, India, and Japan, demand for silica gel will witness a surge in these countries.
However, availability of substitutes such as activated alumina, activated charcoal, activated clay, and molecular sieves, are expected to restrain growth of silica gel market in APAC. As a consequence of their versatility in applications and comparatively low cost, customers are preferring adoption of these alternatives over silica gel.
By product type, non-indicating silica gel will continue to be sought-after in the market, with sales expanding at a comparatively high CAGR than indicating silica gel through 2025, in terms of volume. Growing demand for non-indicating silica gel is primarily attributed to its varied scope in applications such as desiccant, plastics, personal care products, and paints & coatings.
In terms of volume, fine-pore silica gel is estimated to exhibit 3.9% CAGR through 2025, and will remain dominant in the global silica gel market. In addition, sales of wide-pore silica gel and medium-pore silica gel are expected to collectively account for 183.75 KT by 2025-end.
In terms of volume, desiccants will continue to be the largest application of silica gel, followed by pharmaceuticals and paints & coatings. Pharmaceutical application of silica gel is expected to register the highest CAGR through 2025. In contrast, application of silica gel in catalyst support will exhibit the lowest CAGR through 2025, in terms of volume.
Key market players identified in PMR’s report include 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.
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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
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