Silica Gel Market Size (2024 - 2029)

The silica gel market is experiencing a recovery and is poised for growth, driven by increasing demand in the electronics and food & beverages sectors. Despite challenges posed by the availability of cheaper substitutes such as activated alumina, clay, and charcoal, the market is expected to expand, particularly in the Asia-Pacific region, which is anticipated to lead in terms of market size and growth rate during the forecast period.

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Market Size of Silica Gel Industry

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silica gel market size
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

Silica Gel Market Major Players

*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 Industry Segmentation

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
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Silica Gel Market Size Summary

The silica gel market is poised for significant growth, driven by its increasing application in the electronics and food & beverages industries. The market is recovering from the disruptions caused by the COVID-19 pandemic, which had led to production halts and supply chain issues. Despite the challenge posed by inexpensive substitutes like activated alumina and activated charcoal, the market is expected to expand, with the Asia-Pacific region leading the charge. This region, particularly China and India, is experiencing rapid economic growth and a burgeoning pharmaceutical industry, which is a major consumer of silica gel for packaging and preservation purposes. The rising demand in these sectors is anticipated to bolster the market's expansion during the forecast period.

The pharmaceutical industry's growth, alongside the increasing consumption of medicines, is a key factor propelling the silica gel market. Silica gel's role in maintaining the integrity of pharmaceutical products by preventing moisture damage is crucial, as is its use in various pharmaceutical processes. Additionally, the personal care and food processing industries in Asia-Pacific, especially in China and India, are contributing to the market's growth. The market is characterized by fragmentation, with major players like Evonik, BASF, Clariant, Solvay, and W.R. Grace actively participating. Recent expansions, such as W. R. Grace & Co.'s facility in Malaysia, highlight the industry's response to growing demand. Overall, the silica gel market is expected to experience steady growth, supported by its diverse applications and the economic dynamism of the Asia-Pacific region.

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Silica Gel Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing demand for silica gel for use in electronic device packaging

      2. 1.1.2 Increasing demand for food and beverages industry

    2. 1.2 Restraints

      1. 1.2.1 Availability of Cheap Substitutes

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Indicating Silica Gel

      2. 2.1.2 Non - Indicating Silica Gel

    2. 2.2 End-user Industry

      1. 2.2.1 Pharmaceutical Industry

      2. 2.2.2 Paint and Coating Industry

      3. 2.2.3 Food and Beverages Industry

      4. 2.2.4 Personal Care Industry

      5. 2.2.5 Plastic Industry

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Silica Gel Market Size FAQs

The Silica Gel Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)

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

Silica Gel Market Report Snapshots

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