
Report ID: SQMIG15A2499
Report ID:
SQMIG15A2499 |
Region:
Global |
Published Date: January, 2025
Pages:
192
|
Tables:
91 |
Figures:
71
Rising Demand from Packaging Industry
Technological Advancements in Silica Gel Applications
Competition from Alternative Moisture Control Solutions
High Production Costs
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REQUEST FREE CUSTOMIZATIONGlobal Silica Gel Market size was valued at USD 4.21 Billion in 2023 poised to grow from USD 4.84 Billion in 2024 to USD 14.70 Billion by 2032, growing at a CAGR of 14.9% in the forecast period (2025-2032).
The competitive landscape of the global silica gel market is characterized by several major players who focus on innovation, product expansion, and strategic partnerships. The major players are W.R. Grace & Co., Evonik Industries, Cabot Corporation, Sorbead India, and Clariant. As this set of companies strongly invests into R&D processes to improve upon product offerings toward diverse industries as pharmaceuticals and food packaging into electronics, growing the market also through technological means and environmentally favourable solutions. 'W.R. Grace & Co. (USA)', 'Evonik Industries (Germany)', 'Cabot Corporation (USA)', 'Sorbead India (India)', 'Clariant (Switzerland)', 'Saint-Gobain (France)', 'Gelest, Inc. (USA)', 'Silicones Inc. (USA)', 'Asian Chemical Industries (India)', 'Qingdao Shuangxing Chemical Co. (China)', 'Fuji Silysia Chemical Ltd. (Japan)', 'R.R. Enterprises (India)', 'Huntsman International LLC (USA)', 'Dow Chemical Company (USA)', 'Merck KGaA (Germany)'
The demand for silica gel has risen due to increasing moisture control demands in packaging for food, electronics, and pharmaceutical products. Due toits excellent capabilities to resist humidity-related degradation of the products, this increases the requirement of this material to store and transport them in high-quality conditions.
Increasing Adoption in Food Packaging for Moisture Control: The use of silica gel is increased due to the increase in demand for food packaging as various industries focus on product preservation and freshness. Silica gel's moisture-absorbing property is now crucial in preventing spoilage, which makes it an important component in packaging solutions, especially for perishable goods.
North America dominates the global silica gel market due to its advanced industrial base, robust demand from key sectors like pharmaceuticals, electronics, and food packaging, and significant investments in research and development. The high-quality moisture control solutions emphasized regionally are complemented with the establishment of silica gel in emerging applications such as renewable energy and environmental protection. Additionally, North America is well-established with an infrastructure of supply chain, coupled with many major manufacturers of silica gel, which makes it a dominating place for gradual growth of demand in terms of its requirement in numerous industries dependent upon efficient moisture management.
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Report ID: SQMIG15A2499