According to a new report published by Reports Monitor titled, “Silica Gel Market By Product-Type & End-Use: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the silica gel market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
The silica gel market is majorly driving by various industries such as, personal care, chromatography, petrochemicals, inks and printing industry, construction, automobile, mechanical, electronics, medical and paints and coatings. Chromatography is used for collecting or segregating various components of drugs for researching various medicines such as, local anaesthetics, sedatives, hypnotics, analgesics and steroids which would increase the demand of silica gel for medical industry.
However, health hazards associated with use of silica gel might hinder the market growth as well as decrease demand of silica gel in developed countries could be the major restrain for this market. Moreover, the availability of substitute such as, alumina, activated clay, activated charcoal would decrease the silica gel market growth.
This report presents a detailed evaluation of silica gel, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
Silica gel is used as matting agents for paints, plastics, and other anti-adhesives as well as it is required for water adsorption in the oil and gas and petrochemical power plants. These helps to increase the production of silica gel in APAC region countries such as, China. As silica gel market is mature in North America and European region due to improve economy and continuous rising demand in these regions.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global silica gel market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: W.R. Grace & Co., Thermo Fischer Scientific, Merck KGaA, Clariant, BASF SE, AGC Chemicals Americas, Osaka Soda Co., Ltd., Silicycle, Multisorb Technologies, Hengye, Inc., and Dessicare, Inc.
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