Silica Gel is used in the packaging of pharmaceuticals, cosmetic, and personal care products due to its excellent properties to absorb moisture and prevent product spoilage thereby increasing the shelf life of the product. Moreover, silica gel also has a wide application in water filtration facilities, petrochemical, and oil and gas industry.
The Global Silica Gel Market has been driven by a range
application in various sectors such as packaging of pharmaceuticals, food and
beverages, and oil and gas among others. Moreover, it is estimated that the
desiccant application segment is set to witness the highest growth in the
market due to the growing consumption of Silica Gel in packaging, paint and
coatings and electronics during the forecast period, 2017-2023.
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Market Segmentation:
The Global Silica Gel Market is segregated into the product
type, application type, and end-use. On the basis of the product type, the
market is further categorized into type A, Type B, Type
C, Silica-alumina gel, and other segments. On the basis of the
application type, the market is segmented into desiccant, chromatography, food
additives, water filtration, and other segments. On the basis of the end-user,
the market is classified as oil and gas, pharmaceutical, petrochemical,
cosmetic and healthcare, others.
Competitive Analysis:
Some of the prominent players operating in the Global Silica
Gel Market are Evonik Industries (Germany), Clariant (Switzerland), Solvay
(Belgium), Merck Group (Germany), China National Bluestar Company Limited
(China), Fuji Silysia Chemical (China), Nissan Chemical Industries (Japan),
DowDuPont (U.S.), Qingdao Haiyang Chemical (China) and Millennium Chemicals
(U.S.) among others.
Market Scenario:
The desiccant and absorbent segment are anticipated to
observe a higher CAGR due to increased applications in the pharmaceutical, food
and beverage, oil and gas industry. The rising development in the
biotechnology, especially in the emerging economies, is expected to drive the
growth of the biopharmaceuticals, which, in turn, may fuel the demand for
chromatographic Silica Gel. Moreover, the growing application in paints and
coatings, steel refinery industry, and oxygen plants for removal of ethane from
oxygen is positively impacting the market growth.
Regional Analysis:
The Global Silica
Gel Market is spanned across five key regions: Asia Pacific, North
America, Europe, Latin America, and the Middle East & Africa. Among these,
North America holds the major portion of the global market and is anticipated
to continue its dominance due to rising demand for silica gel from various
developed end-user industries such as pharmaceuticals and healthcare. Moreover,
the encouraging government regulations and investments in the healthcare and
food and beverage are expected to contribute to the growth of the market. Asia
Pacific is the fastest growing market and is expected to grow at the higher
CAGR during the forecast years. The growing GDP coupled with the increasing
government investment has augmented various end-user industries such as
pharmaceuticals, cosmetic and health care, which is boosting the market demand
for silica gel in the developing economies in the region.
The European region is estimated to witness a
significant growth in the countries owing to the presence of the well-developed
cosmetic and personal care industry. The excellent properties of silica gel for
absorbing moisture has paved the way to the packaging of cosmetics and
electronics industries among others. Thus, it is creating immense demand for
the product.
The Middle East & Africa is estimated to observe a
considerable growth due to increasing consumption of Silica Gel in their
dominant oil and gas and petrochemical industry. The favorable government
participation and the expansion of oil field in the region is the driving
factor of the market.
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