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The silica gel market size is estimated to grow at a CAGR of 7.95% between 2022 and 2027. The market size is forecast to increase by USD 393.3 million. The growth of the market depends on several factors, including the increasing use in food & beverages industry as food additives, the growing use of silica aerogel in the construction industry, and the growing demand from personal care industry.
This silica gel market report extensively covers market segmentation by application (oil and gas industry, petrochemical, pharmaceutical, consumer goods, and cosmetics and others), product type (indicative silica gel and non-indicative silica gel), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing use in food & beverages industry as food additives is notably driving the market growth, although factors such as health hazards associated with the use of silica gel may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving growth in the silica gel market is its increasing use in the food and beverages industry as food additive. Silica gel can improve the flavor and quality of non-alcoholic drinks, liquors, essential oils, and snacks. It also increases the smoothness of liquids, for which additives such as precipitated silica gel are extensively employed in food and beverage items. Silica gel eliminates turbid polymers that cause haziness or cloudiness in liquids, making the drink finer and more transparent.
Many food items and supplements contain silica gel because it prevents clumping, allowing for easier packaging, transit, final ingestion, and flowability. All such advantages are expected to increase the demand for silica gel, which, in turn, is expected to drive the growth of the market during the forecast period.
The growing use of allochroic silica gel is a silica gel market trend that is expected to have a positive impact during the forecast period. Allochroic silica gel is colored silica gel, which, upon absorbing moisture from the environment, changes its color. The increased use of allochroic silica gel in various industrial applications (such as power systems) has been a positive trend for manufacturers in the global silica gel market in recent years. In transformers, for instance, these gels play an important role in ensuring that product parts remain moisture-free.
Blue allochroic silica gel, which is the most commonly used color type in transformers, changes to shallow blue after absorbing moisture and turns pink when it has absorbed high quantities of moisture. This color change indicates moisture content in the machine part, thus allowing easy preventive maintenance and observation and correction of defects for transformer manufacturers and customers. Such factors are expected to drive the growth of the market during the forecast period.
The health hazards associated with the use of silica gel will be a major challenge for the silica gel market during the forecast period. Silica gel finds extensive use as a desiccant in various food products, owing to its ability to adsorb humidity and prevent any moisture damage to packaged food. Although silica gel is non-toxic when ingested in small quantities, its increasing use as a food additive in the food and beverage industry can lead to the accumulation of the product in the body resulting in various health problems.
Long-term exposure to silica dust is a health hazard and causes silicosis, and silica gel manufacturers have to spend heavily on protective equipment for their employees. This also makes it difficult for manufacturers to lower their operating and production costs. Hence, such factors may pose a major challenge, which may hamper the growth of the market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Silica Gel Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Capitol Scientific Inc.: The company offers silica gels under the brand CapitolBrand. Also, the company offers scientific and technology products.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the oil and gas industry segment will be significant during the forecast period. The oil and gas industry segment of the global silica gel market is expected to witness significant growth in market revenue compared to other end-user industries, including petrochemical, pharmaceutical, consumer goods, and others, during the forecast period.
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The oil and gas industry segment was valued at USD 147.24 million in 2017 and continued to grow until 2021. The market is growing due to the increasing demand for silica gel as it is used for the removal of hydrocarbons and water molecules from natural gas, carbon dioxide, and other petroleum-related gases. It is primarily used in systems where low dew points are required. Desiccants such as silica gels and molecular sieves are commonly used in the oil and gas industry. Because it is highly absorbent silica gel is commonly used as a dehydrating and dehumidifying agent since it is a highly absorbent material. Hence, the above-mentioned factors are expected to increase the demand for silica gel in the oil and gas industry, which is expected to fuel the growth of the global silica gel market during the forecast period.
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APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. China is a major revenue contributor and represents the largest market for silica gel in APAC. A primary factor for the growth of the regional silica gel market is the growing demand for silica gel from the automotive, pharmaceutical, food and beverages, and other end-user industries in developing countries such as China and India. In addition, the rise in disposable income of people is also expected to accelerate the demand for food and beverages, automobiles, and pharmaceuticals, which is expected to increase the demand for silica gel during the forecast period.
The outbreak of COVID-19 in 2020 led to the imposition of nationwide lockdowns in various countries, such as India, China, Bangladesh, and Vietnam, in APAC. However, with the lifting of lockdowns due to the initiation of vaccination drives and the resumption of operations in end-user industries, such as consumer durables, electrical and electronics, automotive, and construction, the demand for silica gel in these industries significantly increased, which led to an increase in the production of silica gel in the second half of 2021. Additionally, the increasing in the demand for consumer goods due to rapid urbanization and increasing demand for silica gel in several end-user industries, such as electronics, is anticipated to drive the growth of the silica gel market in APAC during the forecast period.
The silica gel market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global silica gel market as a part of the global commodity chemicals market within the global chemicals market. The global commodity chemicals market covers companies that primarily produce industrial and basic chemicals, including, but not limited to, plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Silica Gel Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.95% |
Market growth 2023-2027 |
USD 393.3 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.76 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGC Inc., BASF SE, Capitol Scientific Inc., Cilicant Pvt. Ltd., Clariant International Ltd., Desiccare Inc., DuPont de Nemours Inc., Ecovyst Inc., Fuji Silysia Chemical Ltd., GeeJay Chemicals Ltd., Hengye Inc., International Silica Gel Co. Ltd., Merck KGaA, Natland International Corp., Nouryon Chemicals Holding BV, OSAKA SODA CO. Ltd., SiliCycle Inc., Sinchem Silica Gel Co. Ltd., Solvay SA, Standard Industries Inc., and Thermo Fisher Scientific Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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