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Global Silica Gel Market Size, Share, Trends, Forecast: By Type: Indicating, Non-indicating; By Industry Vertical: Pharmaceuticals, Paint and Coating, Food and Beverages, Personal Care, Plastic, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Silica Gel Market Outlook
The global silica gel market size reached approximately USD 647.65 million in 2023. The market is further projected to grow at a CAGR of 3.3% between 2024 and 2032, reaching a value of USD 839.73 million by 2032.
Key Trends in the Market
Silica gel refers to noncrystalline and highly porous form of silica used for removing moisture from liquids and gases for imparting a dull surface to synthetic films and paints and for thickening liquid, among other purposes. The gel can hold and absorb moisture due to the presence of millions of tiny pores.
- The expansion of the electronics sector is bolstering the requirement for desiccants, aiding the silica gel market growth. Condensation and humidity can cause permanent damage to electronic products resulting in huge financial losses for manufacturers.
- Presence of stringent regulatory standards for ensuring the quality of medicines and other pharmaceutical products is providing lucrative growth opportunities to the market. Silica gel acts as a conditioning agent, anti-settling agent, adsorbent, defoaming agent, and stabilizer, among others, ensuring the safety and efficacy of the pharmaceutical products.
- Increasing demand for footwear due to rising celebrity endorsements and collaborations with athletes and sports professionals is propelling the requirement for silica gel as it locks away the moisture, providing protection to leather shoes. Exposure to moisture can affect the tensile strength of the leather, making them easier to break.
Global Silica Gel Market Analysis
On the basis of type, the market is bifurcated into indicating and non-indicating. Based on industry vertical, the market is divided into pharmaceuticals, paint and coating, food and beverages, personal care, and plastic, among others.
On the basis of region, the silica gel market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- BASF SE
- Thermo Fisher Scientific Inc.
- AGC Inc.
- Fuji Silysia Chemical, Ltd.
- International Silica Gel Co., Ltd.
- Merck KGaA
- SiliCycle Inc.
- W. R. Grace & Co.
- Ashirwad Chemicals
- Osaka Soda Co., Ltd.
- Others
Market Share by Industry Vertical
Food and beverage sector is expected to account for a significant silica gel market share owing to the ability of silica gel to enhance the quality and flavour of non-alcoholic beverages, snacks, and oils, among others. The expansion of the food and beverage sector is propelling the demand for silica gel by the food and beverage sector as silica beads have millions of microscopic pores that lower vapour pressure and increase surface area. This allows silica gel to absorb moisture from their surroundings. Due to the non-toxic, chemically unreactive, and non-corrosive nature of silica gel it is widely used in the food and beverage sector.
Market Share by Region
The Asia Pacific is anticipated to account for a significant share of the market in the coming years. This growth can be attributed to the rapid expansion of the pharmaceutical sector in various countries in the region. Silica gel is used for enhancing the shelf life of vitamins and medicines that are packaged in containers and bottles. It is made of non-toxic substances and absorbs the moisture of the packaging, suppressing the odour of the medicines. The increased requirement from power generation, media, and footwear sectors is further bolstering the silica gel market demand in the Asia Pacific.
Competitive Landscape
BASF SE, headquartered in Ludwigshafen, Germany, is one of the leading chemical manufacturing companies involved in the production of silica gel, agriculture solutions, and performance products, among others. The company was founded in 1865 in Mannheim, Germany.
Thermo Fisher Scientific Inc., headquartered in Massachusetts, United States, is one of the largest suppliers of analytical, laboratory, and diagnostic instruments. The company also provides various life science solutions including silica gel.
AGC Inc., headquartered in Tokyo, Japan, is one of the leading manufacturers of display glass, automotive, ceramics, and chemicals, among other high-tech components and materials including silica gel. The other production areas of the company include biotechnology and environment and optics and telecommunication, among others.
Other silica gel market players include Fuji Silysia Chemical, Ltd., International Silica Gel Co., Ltd., Merck KGaA, SiliCycle Inc., W. R. Grace & Co., Ashirwad Chemicals, and Osaka Soda Co., Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Silica Gel Market Analysis
8.1 Key Industry Highlights
8.2 Global Silica Gel Historical Market (2018-2023)
8.3 Global Silica Gel Market Forecast (2024-2032)
8.4 Global Silica Gel Market by Type
8.4.1 Indicating
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-indicating
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Silica Gel Market by Industry Vertical
8.5.1 Pharmaceuticals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Paint and Coating
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Food and Beverages
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Personal Care
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Plastic
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Silica Gel Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Silica Gel Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Silica Gel Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Silica Gel Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Silica Gel Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Silica Gel Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Thermo Fisher Scientific Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 AGC Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Fuji Silysia Chemical, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 International Silica Gel Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Merck KGaA
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 SiliCycle Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 W. R. Grace & Co.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Ashirwad Chemicals
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Osaka Soda Co., Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Silica Gel Market: Key Industry Highlights, 2018 and 2032
2. Global Silica Gel Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Silica Gel Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Silica Gel Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
5. Global Silica Gel Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
6. Global Silica Gel Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Silica Gel Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Silica Gel Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Silica Gel Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Silica Gel Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Silica Gel Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Silica Gel Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Silica Gel Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Silica Gel Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Silica Gel Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Silica Gel Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Silica Gel Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Silica Gel Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 647.65 million in 2023.
The market is projected to grow at a CAGR of 3.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 839.73 million by 2032.
The major market drivers include presence of stringent healthcare regulatory standards and growing demand from the food and beverage sector.
The key trends fuelling the growth of the market include expansion of the footwear sector and rising requirement of silica gel to provide protection to electronics.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Silica gel is used in liquid phase drying, catalyst production, and in perfume dispersant in wardrobes and cars, among others.
The key players in the market are BASF SE, Thermo Fisher Scientific Inc., AGC Inc., Fuji Silysia Chemical, Ltd., International Silica Gel Co., Ltd., Merck KGaA, SiliCycle Inc., W. R. Grace & Co., Ashirwad Chemicals, and Osaka Soda Co., Ltd., among others.
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