Silica Gel Market Research Report- Forecast to 2027

Silica Gel Market Research Report by Product (Type A, Type B, Type C, Silica-Alumina Gel, Others), Applications (Desiccant, Chromatography, Food Additives, Water Filtration) End-Use Industry (Oil and Gas, Pharmaceutical, Petrochemical) – Forecast till 2030

ID: MRFR/CnM/3715-HCR | February 2021 | Region: Global | 135 pages

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Silica Gel Market Overview


The silica gel market 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.


A granular, porous, vitreous form of silicon dioxide largely made from synthetics processing from sodium silicate is called silica gel. It has various non-porous liquid-like microstructures but it is commonly used in dried form and hence the other name is silica xerogel. It posses various properties like absorbing qualities, chemically inert, non-corrosive, and non-toxic. Owing to the presence of these qualities it is used in a variety of end-user industries. These gels are available in various types like A, B, and C. Type A and type B are widely used as compared to type C.


COVID 19 Analysis


The global pandemic of COVID 19 has affected a major chunk of the population. Many people have lost their livelihood because of this global pandemic. It has affected the dynamics and growth of several industries. Everyone is worried about their immunity and follows social distancing. During the lockdown situation, operational activities of various end-user industries were halted, resulting in a demand shrink for the silica gel market, which further leads to decreased sales revenue. The supply chain networks were also disrupted which lead to a decline in profit margin.


However, the silica gel market is expected to recover from this global pandemic by the end of the third quarter of the coming year by properly strategizing according to the needs of the market.


Market Dynamics


Drivers


Numerous factors drive the market demand in the global market. The demand for type A and type B silica gel is increasing as it is used in various applications like perfume carriers, absorbents, and separators (because of its moisture-proof and dry properties) drives the market demand in the global market during the forecasted period. Moreover, it is largely used in the food and beverages industry as food additives and results in the longer shelf life of the product drive the market demand during the review period. Since it has moisture-proof properties is avoids fungus and decay.


Opportunities


The rise in the demand for the silica gel market all across the globe. Increasing use of silica gel and increasing development in the packaging in the pharmaceutical industry provides various growth opportunities in the global market during the forecasted period. Ongoing extensive research was done by various major key players all across the globe also provides various growth opportunities in the global market during the forecasted period.


Restraints


Although the silica gel market is increasing tremendously in the global market, some factors restrict the market growth. The high cost associated with raw materials hinders market growth in the global market as it is not afforded by all. Moreover, lack of awareness regarding the availability of these kinds of gels in various remote areas of different nations is another restraining factor that hinders the market growth to a great extent.


Value Chain Analysis


The silica gel market is growing at an incredible rate globally due to various benefits associated with it. It is commonly used as a food additive and is used as an anti-settling agent, anti-cake agent, and deforming agent. It is also used in water treatment facilities as it has superior absorption qualities along with higher surface area properties. It is used as a lens protection gel as it keeps the moisture away from the camera lenses when used in damp places or underwater.


Market Segmentation


The silica gel market has been divided all across the globe based on the type, application, end-user industry, and region.


Based on the Type


The market has been divided all across the globe based on the type into silica-alumina gel, Type C, Type B, Type A, and many others.


Based on the Application


The market has been divided all across the globe based on the application into water filtration, food additives, chromatography, desiccant, and many others.


Based on the End-User Industry


The market has been divided all across the globe based on the end-user industry into cosmetic and healthcare industry, petrochemical industry, pharmaceutical industry, oil and gas industry, and many others.


Based on the Region


The market has been divided in the global market based on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.


Regional Analysis


The silica gel market has been divided all across the globe based on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. The largest market share in the global market is held by the North American region owing to increasing demand for this kind of gel in the pharmaceutical industry that drives the market demand to this region as it has absorption qualities. Moreover, the presence of various major key players also drives the market demand in this region. Increasing development in oil and gas industries and the petrochemical industry is another contributing factor.


Being the fastest-growing region, the second-largest market share in the global market is held by the Asia-Pacific region. Increasing use of silica gel in the various end-user industries drives the market demand to this region. Moreover, increasing development in the food and beverages industry along with the electronics industry is yet another major factor that drives the market demand in this region.


The third-largest market share in the global market is held by the European region owing to the presence of well-established technologically advanced infrastructure that drives the market demand to this region. Moreover increasing development in the personal care and cosmetic industry also create various growth opportunities in the global market. Higher disposable income prevailing also creates more demand avenues in this region.


The Latin American region and the Middle East and African region hold the least market share due to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.


Competitive Landscape


The most prominent major key players in the silica gel market all across the globe are mentioned below:



  • Millennium Chemicals (US)

  • Qingdao Haiyang Chemical (China)

  • DowDuPont (US)

  • Nissan Chemical Industries (Japan)

  • Fuji Silysia Chemical (China)

  • China National Bluestar Company Limited (China)

  • Merck Group (Germany)

  • Solvay (Belgium)

  • Clariant (Switzerland)

  • Evonik Industries (Germany)


These major key players use various strategies to sustain their market position in the silica gel market in the global market by going for mergers, and acquisitions, by collaborating, setting up a joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a new production process, and many others to expand their customer base in the untapped market of the silica gel all across the globe.


Recent Developments


June 2021: Southwest Research Institute worked to develop a more efficient and cost-effective way of extracting water molecules from the air. The group, which is supported by USD 300,000 in internal research money, is capturing water molecules from the air around us by employing silica gel beads, which are routinely used to prevent things from accumulating wet during transportation. The researchers at SwRI are utilising these silica gel beads as part of a low-cost, large-scale approach for water molecule harvesting from the air. They change colour from blue to pink as they discharge moisture. The researchers used high-performance desiccants derived from metal-organic frameworks, but this material is extremely expensive at hundreds of dollars per kilogramme. SwRI is investigating the use of silica gel beads to reduce the process's cost.

In April 2014, silica
gel-based desiccant packages have been launched by Sorbead India as these packages can absorb moist air and oxygen.


The use of silica gel as
a food additive has been approved by US FDA up to 2%. As a result, it can be used as an anti-settling agent, emulsifier, defoaming agent, stabilizer, and anti-caking agent.


Nissan Chemical Industries (Japan) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales revenue.


All the major key players are highly investing in mergers and acquisitions, joint ventures, and new products.


Report Overview


This global silica gel market research report consists of the following elements mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This market research report contains factors that drive the growth of the silica gel market in the global market along with the factors that restrict its growth in the global market. The opportunities available for growth in the silica gel market during the forecasted period are mentioned. The impact of COVID 19 on the silica gel market all across the globe is mentioned. The future growth rate in the silica gel market during the forecasted period is estimated and mentioned.


Intended Audience


Nationalized laboratory, raw material suppliers, potential investors, production process industries, traders and distributors of silica gel market, silica gel market manufacturers, and many others.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2022–2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product Type, Application, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Evonik Industries (Germany), Clariant (Switzerland), Solvay (Belgium), Merck Group (Germany), China National Bluestar Company Limited (China), Fuji Silysia Chemical (China), Nissan Chemical Industries (Japan), DowDuPont (U.S.), Qingdao Haiyang Chemical (China) and Millennium Chemicals (U.S.). among others.
  Key Market Opportunities   Increase the shelf life of the products and to avoid decay and growth of fungus due to moisture.
  Key Market Drivers   The growth of the pharmaceutical industry is further expected


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Frequently Asked Questions (FAQ) :

The silica gel market is expected to grow at a higher CAGR of 6.1% in the global market during the forecasted period.

The silica gel market is expected to account for a higher market share value of USD 5.1 billion in 2016.

The largest market share in the silica gel market all across the globe is held by the North American region.