Silica Gel Market Overview –
Market Research Future estimated that 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.
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 global market. The growing development of biotechnology, particularly in emerging economies, is expected to stimulate the growth of biopharmaceuticals, which could stimulate demand for chromatographic silica gel. In addition, the increasing application in paints and coatings, steel refineries, and oxygen facilities for the removal of ethane from oxygen has a positive effect on market growth.
Obtain Brochure For Latest Technology Advancements @ https://www.marketresearchfuture.com/sample_request/5151
Silica Gel Market – Prominent Players:-
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).
Silica Gel Market Dynamics:
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 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, stabiliser, 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. Silica Gel is also effective in the use of water treatment facilities due to its high surface area properties and superior absorption qualities. Other factors driving the global demand are the increasing change from traditional to physical water treatment, as well as tight government regulations. Silica Gel has achieved worldwide fame as a readily available and inexpensive moisture absorbent due to its easy processing technique and high absorption properties.
Access Complete Report @ https://www.marketresearchfuture.com/reports/silica-gel-market-5151
Market Segmentation
The Global Silica Gel Market is segmented into type, application, and end-use. On the basis of the type, the market is segregated into Type A, Type B, Type C, silica-alumina gel, and others.
The market by application is sub-divided into desiccant, chromatography, food additives, water filtration, and others. During the forecast period, it is expected that the desiccant application segment will rise at the fastest rate, owing to the increasing use of Silica Gel in packaging, paint and coatings, and electronics.
The market by end use industry is further categorized into oil and gas, pharmaceutical, petrochemical, cosmetic and healthcare, and others. Because of the well-established pharmaceutical industry in the country, the pharmaceutical segment holds the majority of the market and is expected to maintain its dominance.
Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=5151
Regional Analysis
Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa are the five regions that make up the Silica Gel Industry. Because of the rising demand for Silica Gel in pharmaceutical packaging due to its excellent adsorption properties, North America has a large share of the market. Furthermore, due to its usage as a catalyst in the petrochemical industry as well as its use in the refining and mining of natural gas, the region’s shale gas revolution has fueled market demand for Silica Gel in the petrochemical and oil and gas industries. Furthermore, the industry is expected to expand as a result of favourable government policies and investments in healthcare and food and beverage.
The Silica Gel market in Asia Pacific is expected to expand at the fastest pace. Growing investments in end-user sectors are projected to propel the demand during the forecast period, according to analysts. Growing demand from the packaging industry, as well as rising demand for electronics and food and beverage as a result of rising personal disposable income, are some of the factors driving the market in this area forward. The region’s emerging economies, such as India, Japan, and China, are largely responsible for this expansion. Rising GDP, along with increased government spending, has boosted end-user industries like pharmaceuticals, cosmetics, and health care, raising consumer demand for silica gel in the region’s emerging economies.
The European Silica Gel Market is the second largest in the world, and it is predicted to expand significantly over the next few years. The existence of existing end-use industries such as cosmetics and personal care, among others, is a core driver of market expansion. The growing use of Silica Gel as a scrub additive in personal care goods, as well as its smooth texturing properties in cosmetics, is fueling market development.
Because of the increasing use of Silica Gel in the oil and gas and petrochemical industries, the demand in the Middle East and Africa is expected to expand significantly. One of the main driving forces for demand development is favourable government policy that encourages the oil and gas industry. Silica Gel is widely used in the extraction of impurities from crude oil, as well as the separation of hydrocarbons and water molecules from natural gas and other fossil gases.
Recent Updates
Stanford researchers developed a gel that can be sprayed on vegetation and forests to make fire-proof and restrict the spreading of wildfires. The contains present in the gel include silica particle, plant extracted cellulose plants mixed with the flame-retardant fluid.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Silica Gel Market
5 Industry Overview Of Global Silica Gel Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
Continue……
About Market Research Future:-
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.