Silica Gel Market in the GCC Region 2017-2021

Overview of the silica gel market in the GCC region

Research analysis on the silica gel market in the GCC region identifies that the rising consumption of silica aerogel will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 7% by 2021. Aerogel is the porous, less dense, dry, and solid part of a gel. The application of supercritical drying methodology eliminates the liquid component of gel to produce silica aerogel. Silica aerogel is gaining popularity because they have a wide range of properties such as low bulk density, hydrophobicity, low thermal conductivity, optical transparency, and high surface area. Furthermore, it also offers excellent sound insulation properties.

One of the key trends that will be responsible for the market's growth during the estimated period is the growing applications of allochroic silica gel. Allochroic silica gel is extensively used in various industrial applications such as power systems. For instance, they are used to keep the parts of a transformer free from moisture. Also, blue allochroic silica gel is most widely used in transformers.

Competitive landscape and key vendors

The silica gel market in the GCC region is highly competitive. These vendors are increasingly competing against each other based on factors such as innovations, price, and quality of the product. The major vendors cater to end-user segments such as oil and gas, petrochemicals, pharmaceuticals, consumer goods, and food and beverages.

Key vendors in this market are -

• BASF
• Clariant
• Evonik
• W. R. Grace
• Zeochem

Other prominent vendors in the market include FUJI SILYSIA CHEMICAL, Innova Global, Merck, Sinchem Silica Gel, and Sorbead India.

Segmentation by product type and analysis of the silica gel market in the GCC region

• Non-indicative silica gel
• Indicative silica gel

Indicative silica gel indicates the absorption of moisture and water molecules by changing its color according to the concentration of water absorption. The indicative silica gel segment will grow from 2017 to 2021 because the gel can absorb water up to 30%-40% of its weight. Their color status is dark red, which changes to yellow on saturation.

Segmentation by end-user and analysis of the silica gel market in the GCC region

• Pharmaceutical
• Petrochemical
• Oil and gas

The oil and gas industry is the largest end-user for the silica gel market in the GCC region because silica gel is primarily used to remove hydrocarbons and water molecules from natural gas, carbon dioxide, and other related petroleum gases. It is also commonly used as a dehydrating and dehumidifying agent.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the silica gel market in the GCC region?
• What are the key market trends impacting the growth of the silica gel market in the GCC region?
• What are the challenges to market growth?
• Who are the key vendors in the silica gel market in the GCC region?
• What are the market opportunities and threats faced by the vendors in the silica gel market in the GCC region?
• What are the trending factors influencing the market shares of the GCC region?
• What are the key outcomes of the five forces analysis of the silica gel market in the GCC region?

Technavio also offers customization on reports based on specific client requirement.

This upcoming market research report on the silica gel market in the GCC region is an integral part of Technavio's chemicals and materials portfolio and offers key insights into the market space for metals and minerals sector. Technavio's insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies. This upcoming market research report on the silica gel market in the GCC region also covers vendors like Zeochem, UOP, CECA, and BASF.

This market research report on the silica gel market in the GCC region also takes into account the growth of related market like talc, which is anticipated to post a CAGR of over 4% during the forecast period. According to our team of analysts, the rapid development and technological progress to promote silica gel applications in pharmaceutical, consumer good, and petrochemicals may positively influence the demand for silica gel in the coming few years.

The upcoming industry report on the silica gel market in the GCC region also offers insights into fast-growing segments within the chemicals and materials industry, including sectors like specialty chemicals and olefins. Additionally, the report on the silica gel market in the GCC region also presents insights into the dynamic competitive landscape and gives clients a complete view of the future direction of the metals and minerals industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.