Silica Gel Market Size

Statistics for the 2023 & 2024 Silica Gel market size, created by Mordor Intelligence™ Industry Reports. Silica Gel size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Silica Gel Industry

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 silica gel market size
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR < 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Silica Gel Market Analysis

The global silica gel market is projected to register a CAGR of almost 5% during the forecast period (2022-2027).

The COVID-19 pandemic 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 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.

The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Silica Gel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)