The Silica Gel Market Thrives in the Wake of the Increasing Need for Effective Moisture Control and the Growing Embrace of Sustainable Solutions
Category: Chemicals & Materials Published Date : Oct-23 ID: CVC01119 Format: PDF Pages: 300
The silica gel market is currently experiencing substantial growth, primarily driven by the heightened demand for efficient moisture control solutions and the industry’s proactive embrace of sustainable practices. With moisture-related challenges in various sectors, including electronics, pharmaceuticals, and food packaging, the demand for silica gel, known for its excellent moisture-absorbing properties, has significantly increased. Moreover, the market is witnessing a noteworthy trend towards sustainability, with manufacturers and consumers alike recognizing the eco-friendly aspects of silica gel. This dual focus on moisture control and sustainability initiatives has contributed to the thriving market growth, making it a pivotal player in various industries seeking to safeguard their products from moisture-related damages while minimizing environmental impact.
Silica Gel’s Utilization within the Food and Beverage Industry as a Valuable Food Additive to Boosts the Market Growth
Silica gel is recognized for its capacity to enhance the flavor and quality of a variety of products, including non-alcoholic beverages, liquors, essential oils, and snacks. Moreover, it contributes to the improved smoothness of liquids, with precipitated silica gel often used as a key additive in food and beverage items.
Silica gel effectively eliminates turbid polymers that can cause cloudiness or haziness in liquids, resulting in a finer and more transparent appearance.
The advantages of using silica gel extend to many food products and dietary supplements, as it prevents clumping, facilitating easier packaging, transit, final consumption, and improved flowability. These inherent benefits are poised to drive the demand for silica gel, consequently fueling the market’s growth throughout the forecast period.
Increasing Adoption of Allochroic Silica Gel is a Notable Trend in the Market
Allochroic silica gel, characterized by its color-changing properties upon moisture absorption, has gained prominence across various industrial applications, including power systems. For instance, in the context of transformers, allochroic silica gels play a pivotal role in maintaining moisture-free conditions for critical components.
For instance, the widely used blue allochroic silica gel transitions from its initial state to a lighter shade of blue upon absorbing moisture, ultimately turning pink when it has absorbed substantial moisture levels. This distinctive color shift effectively indicates moisture content within machine parts, facilitating preventive maintenance, monitoring, and defect correction for transformer manufacturers and customers. These factors are expected to be instrumental in driving the market’s growth in the forecast period.
The Silica Gel Market is to be Dwindled on Account of Concerns Regarding Health Hazards Associated with its Usage
Silica gel is widely employed as a desiccant in numerous food products, offering effective moisture absorption to safeguard packaged food items. While silica gel is generally non-toxic when consumed in small quantities, its increased incorporation as a food additive in the food and beverage industry can result in product accumulation in the human body, potentially leading to various health issues.
Furthermore, prolonged exposure to silica dust poses a substantial health risk, known to cause conditions such as silicosis. This necessitates substantial investments by silica gel manufacturers in protective equipment for their workforce, thereby increasing operational and production costs. Consequently, these factors present a significant challenge that could impede market growth in the forecast period.
Substantial Market Appeal of Utilizing Silica Gel in Chromatography Techniques to Create Opportunities
Silica gel serves as a prevalent stationary phase within chromatography, a fundamental laboratory methodology designed for the separation and purification of compound mixtures. In chromatography, the stationary phase typically comprises either a solid or a liquid that is immobilized within a column. The mixture in need of separation is subsequently passed through the column, acting as the mobile phase, which can be in the form of either a liquid or a gas. Within this process, the distinct components within the mixture interact differently with the stationary phase, dictating their varying travel speeds through the column. This differential movement allows for the separation of components based on their distinctive physical and chemical characteristics.
Silica gel, characterized by its highly porous silica structure, generous surface area, and neutral surface charge, stands out as an invaluable stationary phase for a wide range of chromatography applications. This versatility paves the way for a plethora of opportunities within this field.
Pharmaceuticals to be at the Forefront of the Market by End-use
The pharmaceuticals segment emerged as the primary revenue generator during the forecast period, with silica gel playing a vital role with an anticipated market share of 45.6% by 2033.
Within pharmaceutical packaging, it is commonly used to safeguard medicines from moisture and other contaminants. Moreover, in the pharmaceutical industry, silica gel column chromatography is instrumental for the collection and separation of various drug components.
The burgeoning pharmaceutical sector, characterized by increased drug production, has significantly propelled the silica gel market. Silica gel finds application in pharmaceuticals, further contributing to its market growth.
The pharmaceutical industry’s expansion is evident in the global pharmaceutical sales, which witnessed a notable 7.7% increase in 2021. Projections indicate that from 2020 to 2025, global healthcare spending is poised to maintain a robust annual growth rate of 4.8%.
Silica Gel Dominates the Market by Type with Moisture-Sensitive Varieties
Silica gel, a desiccant, exhibits color transformation upon moisture exposure due to its moisture-sensitive compound, cobalt chloride. This change is typically from one color (commonly blue or orange) to another (such as pink or green). The alteration in hue indicates the environmental or packaging moisture levels, making silica gel a valuable component in the protection of electronic devices and gadgets. For instance, manufacturers frequently include silica gel packets in the packaging of sensitive electronic components like microchips or circuit boards during transportation.
North America’s Leading Position in Silica Gel Market Fueled by Pharmaceutical Packaging, Petrochemical Catalysts, and Growing Usage in Natural Gas Processing
By 2033, the North American market secured the largest share of 32.0%, propelled by the escalating demand for silica gel in pharmaceutical product packaging, its role as a catalyst in the petrochemical industry, and its applications in the refining and processing of natural gas.
With the surge in shale gas production in the U.S., the petrochemical and oil & gas sectors are witnessing a substantial demand for silica gel. Furthermore, the widespread adoption of silica gel in chromatography for biopharmaceutical and pharmaceutical research is expected to bolster its usage in North America.
Asia Pacific’s Steady Silica Gel Market Growth: Driven by Industry Investments and Rising Demand
The Asia Pacific market is anticipated to exhibit a moderate growth rate. The expansion of its revenue is driven by increased investments in various end-use industries. Additionally, robust demands for electronics, food and beverage products, and the rising packaging industry contribute to revenue growth in the region. Moreover, the market in Asia Pacific is set to benefit from the presence of thriving economies such as China and India.
Prominent market leaders are making substantial investments in research and development endeavors to diversify their product offerings, further bolstering the growth prospects of the silica gel market. Additionally, market participants are actively engaged in a variety of strategic initiatives to expand their market presence.
These strategies encompass key market developments such as launching new products, forming contractual agreements, pursuing mergers and acquisitions, increasing investments, and fostering collaborations with other organizations. In response to a progressively competitive market environment, the silica gel industry is compelled to provide cost-effective solutions for its expansion and sustainability.
Among the strategic maneuvers employed by manufacturers in the silica gel industry to benefit customers and expand their market share, local production to reduce operational costs emerges as a pivotal business tactic.
Solvay, Clariant, China National Bluestar (Group) Co, Ltd., Merck KGaA, Multisorb, PQ Corporation, SiliCycle Inc., Fuji Silysia Chemical Ltd., and other key players are committed to enhancing market demand through investments in research and development initiatives.
One of the recent developments in the market is when W. R. Grace & Co. revealed the successful expansion of its manufacturing facility in Kuantan, Malaysia, aimed at addressing the growing market demand for its silica gel offerings in May 2021.
1.1. Global Market Outlook
1.2. Technology Roadmap
1.3. Supply and Demand Side Trends
1.4. Strategic Success Factors
1.5. Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
2.3. Inclusions & Limitations
3.1. Supply Side Overview
3.2. Demand Side Overview
4.1. Macroeconomic Factors
4.2. Forecast Factors
4.3. PEST Analysis
4.4. Porter’s Five Forces
4.5. Value Chain Analysis
4.6. Market Dynamics
4.7. Patent Analysis
4.8. Trade Analysis
4.9. Investment Feasibility Matrix
4.10. Challenges for New Entrants
4.11. Regulations Overview
4.12. Covid-19 Impact Assessment
4.12.1. Economy/Cluster Projections
4.12.2. Covid-19 Economic Assessment
4.12.3. Potential Impact on Target Market
4.12.4. Recovery Scenario
5.1. Historical Value ($ Mn) and Future Market Value ($ Mn) Projection Analysis
5.2. Demand Y-o-Y Growth Rate Analysis
5.3. Total $ Opportunity Analysis
5.4. Historical Volume (Tons) and Future Market Volume (Tons) Projection Analysis
6.1. Regional Pricing Analysis By Type
6.2. Regional Price Forecast
6.3. Profit Margin Analysis
6.4. Future Price Impact Factors
7.2. Market Trends
7.3. Historical Market Analysis and Market Forecast Analysis
7.3.1. Indicating Silica Gel
7.3.2. Non-indicating Silica Gel
7.4. Market Attractiveness Analysis
8.2. Market Trends
8.3. Historical Market Analysis and Market Forecast Analysis
8.3.1. Fine Pore (Type A)
8.3.2. Medium Pore (Type B)
8.3.3. Wide Pore (Type C)
8.4. Market Attractiveness Analysis
9.2. Market Trends
9.3. Historical Market Analysis and Market Forecast Analysis
9.3.2. Catalyst Support
9.3.3. Paints & Coatings
9.3.6. Personal Care Products
9.4. Market Attractiveness Analysis
10.2. Market Trends
10.3. Historical Market Analysis and Market Forecast Analysis
10.3.1. North America
10.3.2. Latin America
10.3.4. East Asia
10.3.5. South Asia & Pacific
10.3.6. Middle East & Africa
10.4. Market Attractiveness Analysis by Region
11.2. Key Market Trends
11.3. Pricing Analysis
11.4. Historical Market Analysis and Market Forecast Analysis
11.4.1. By Country
18.104.22.168. The U.S.
11.4.2. By Type
11.4.3. By Pore Size
11.4.4. By End-use
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Type
11.5.3. By Pore Size
11.5.4. By End-use
11.6. Market Participants Presence Mapping
12.2. Key Market Trends
12.3. Pricing Analysis
12.4. Historical Market Analysis and Market Forecast Analysis
12.4.1. By Country
22.214.171.124. Rest of L.A.
12.4.2. By Type
12.4.3. By Pore Size
12.4.4. By End-use
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Type
12.5.3. By Pore Size
12.5.4. By End-use
12.6. Market Participants Presence Mapping
13.2. Key Market Trends
13.3. Pricing Analysis
13.4. Historical Market Analysis and Market Forecast Analysis
13.4.1. By Country
126.96.36.199. Rest of Europe
13.4.2. By Type
13.4.3. By Pore Size
13.4.4. By End-use
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By Pore Size
13.5.4. By End-use
13.6. Market Participants Presence Mapping
14.2. Key Market Trends
14.3. Pricing Analysis
14.4. Historical Market Analysis and Market Forecast Analysis
14.4.1. By Country
188.8.131.52. South Korea
14.4.2. By Type
14.4.3. By Pore Size
14.4.4. By End-use
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By Pore Size
14.5.4. By End-use
14.6. Market Participants Presence Mapping
15.2. Key Market Trends
15.3. Pricing Analysis
15.4. Historical Market Analysis and Market Forecast Analysis
15.4.1. By Country
184.108.40.206. Rest of SAO
15.4.2. By Type
15.4.3. By Pore Size
15.4.4. By End-use
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By Pore
15.5.4. By End-use
15.6. Market Participants Presence Mapping
16.2. Key Market Trends
16.3. Pricing Analysis
16.4. Historical Market Analysis and Market Forecast Analysis
16.4.1. By Country
220.127.116.11. GCC Countries
18.104.22.168. South Africa
22.214.171.124. Rest of MEA
16.4.2. By Type
16.4.3. By Pore Size
16.4.4. By End-use
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Type
16.5.3. By Pore Size
16.5.4. By End-use
16.6. Market Participants Presence Mapping
17.1. Market Concentration Analysis
17.2. Tier Structure Breakdown
17.3. Market Share Analysis
17.4. Production Capacity Analysis
17.5. Key Strategies Adopted by Top Players
17.6. Start-up Ecosystem
17.6.1. New Player Entry
17.6.2. Strategies Adopted by New Players
17.7. Company Footprint Analysis
17.7.1. Vehicle Type Footprint
17.7.2. Regional Footprint
17.8. Competitive Dashboard
18.3. China National Bluestar (Group) Co, Ltd.
18.4. Merck KGaA
18.6. PQ Corporation
18.7. SiliCycle Inc.
18.8. Fuji Silysia Chemical Ltd.