Market Size of Silica Gel Industry
|2019 - 2029
|Base Year For Estimation
|< 5.00 %
|Fastest Growing Market
*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.