Silica Gel Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Silica Gel Market is Segmented by Type (Indicating Silica Gel and Non-Indicating Silica Gel), End-user Industry (Pharmaceutical, Paints and Coating, Petrochemical, Food and Beverages, Personal Care, Plastics, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers market size and forecasts for Silica Gel in volume (kilo tons) for all the above segments.

Market Snapshot

Silica Gel Market Overview
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: <5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Global Silica Gel Market is projected to register a CAGR of almost 5% during the forecast period (2022-2027).

The COVID-19 pandemic had affected the silica gel market in various ways such as production halt, piling of stocks, blockage in the supply chain, and others. However, the situation has again returned to normal, and the market is recovering its losses and will be restored.

  • Over the short term, increasing demand for silica gel in the electronic and food & beverages industry is expected to drive the market.
  • On the flip side, the availability of cheap substitutes like activated alumina, activated clay, and activated charcoal is hindering the market's growth.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Scope of the Report

Silica gel is a highly porous, non - crystalline form of silica that is used to absorb moisture from gases and liquids, thicken liquids, and give paints and synthetic films a dull finish, among other things. It is generally prepared by acidification of a solution of a silicate, such as water glass. Due to its ability to absorb moisture and extend product shelf life, silica gel packets are widely employed in a variety of commercial sectors. The silica gel market is segmented by type, end-user industry, and geography. By Type, the market is segmented into indicating silica gel and non- indicating silica gel. By end-user industry, the market is segmented into pharmaceutical, paints and coating, petrochemical, food and beverages, personal care, plastics, and other end-user industries. The report also covers the market size and forecasts for the silica gel market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).

Type
Indicating Silica Gel
Non - Indicating Silica Gel
End-user Industry
Pharmaceutical Industry
Paint and Coating Industry
Food and Beverages Industry
Personal Care Industry
Plastic Industry
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Usage in the Pharmaceutical Industry

  • Silica gel is frequently used in pharmaceutical packaging to keep medicines safe from moisture and other impurities. In the pharmaceutical sector, silica gel column chromatography is used to collect or separate various components of a drug.
  • The rising pharmaceutical industry has increased drug production, which has boosted the silica gel market since they are employed in the pharmaceutical sector as colorants, glidants, lubricants, viscosity agents, solvents, preservatives, and many other things.
  • In 2021, global pharmaceutical sales increased by 7.7%. From 2020 through 2025, global healthcare spending is expected to grow at a 4.8% yearly rate.
  • The total amount of medicines consumed globally is increasing at a 3% annual rate, with global drug spending reaching approximately USD 1.5 trillion in 2021. The increase in the production of medicines is fueling the demand for the silica gel market, as they are exclusively used for preservation and packaging for keeping the products moisture-free.
  • Owing to all these factors, the market for silica gel is likely to grow globally during the forecast period.
Silica Gel Market - Segmentation

Asia Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China and India are among the fastest emerging economies in the world.
  • According to the National Bureau of Statistics, in 2021, the value-added in the pharmaceutical industry of China increased by 24.8% over the previous year.
  • Furthermore, according to IBEF, in 2021, the pharmaceutical industry of India is expected to be worth USD 42 billion, rising to USD 65 billion by 2024 and to more than USD 120 billion by 2030.
  • China is also leading in the personal care industry and silica gel is used in personal care products as a scrub additive. For the year 2021, the Chinese personal care market revenue stood at around USD 24.603 billion. The revenue grew around 5% compared to USD 23.335 billion in the year 2020.
  • Many foods and supplements contain silica gel to prevent clumping, allowing for easier packaging, shipping, flow-ability, and eventual consumption. India’s food processing sector stood at USD 393.41 million in 2020-21, which may touch USD 470 billion by 2025. Moreover, the total agricultural and allied products exports stood at USD 41.25 billion in FY21.
  • Due to all such factors, the market for silica gel in the region is expected to have a steady growth during the forecast period.
Silica Gel Market - Regional Trends

Competitive Landscape

The silica gel market is fragmented in nature. Some of the major players in the market include (not in a particular manner) Evonik, BASF, Clariant, Solvay, and W.R. Grace among others.

Recent Development

  • In May 2021, W. R. Grace & Co. announced the completion of a manufacturing plant expansion in Kuantan, Malaysia. Through this expansion, the company is expected to respond to the increased demand for its silica gel products.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing demand for silica gel for use in electronic device packaging

      2. 4.1.2 Increasing demand for food and beverages industry

    2. 4.2 Restraints

      1. 4.2.1 Availability of Cheap Substitutes

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Indicating Silica Gel

      2. 5.1.2 Non - Indicating Silica Gel

    2. 5.2 End-user Industry

      1. 5.2.1 Pharmaceutical Industry

      2. 5.2.2 Paint and Coating Industry

      3. 5.2.3 Food and Beverages Industry

      4. 5.2.4 Personal Care Industry

      5. 5.2.5 Plastic Industry

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) **/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF

      2. 6.4.2 AGC Chemicals Americas

      3. 6.4.3 Cilicant

      4. 6.4.4 Clariant

      5. 6.4.5 Dessicare, Inc.

      6. 6.4.6 Evonik

      7. 6.4.7 Fuji Silysia Chemical

      8. 6.4.8 Merck

      9. 6.4.9 Multisorb Technologies

      10. 6.4.10 Nissan Chemical Corporation

      11. 6.4.11 Silicycle

      12. 6.4.12 Solvay

      13. 6.4.13 Sorbead India

      14. 6.4.14 Thermo Fischer Scientific

      15. 6.4.15 W.R Grace

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Usage of Silica Gel in Thermal Insulator

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Silica Gel Market market is studied from 2017 - 2027.

The Silica Gel Market is growing at a CAGR of <5% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Evonik , BASF, Solvay, W.R. Grace , Clariant are the major companies operating in Silica Gel Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!