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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Silica Gel Market Analysis 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 to enhance 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 the power generation, media, and footwear sectors is further bolstering the market demand in the region.
The demand for the silica gel market in North America is driven by various factors across different industrial sectors. Silica gel is used as a catalyst and adsorbent in various chemical and petrochemical processes and the presence of a significant chemical and petrochemical sector in the region contributes to the demand for silica gel in this sector.
Silica Gel Market Report Snapshots
Silica Gel Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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 major 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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United States (Head Office)
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124