The pharmaceutical industry is consistently growing and this growth is positively expected to increase the demand for silica gel. Growing consumption of pharmaceutical drugs along with nutritional products in developed and emerging countries is leading to increasing demand for better and safe transportation of products from various industries like food & beverages, pharmaceuticals, agriculture etc. This, in turn, is expected to turn out as a driving factor for the global silica gel market. Considering this growth, Market Research Reports Search Engine (MRRSE) has announced the addition of a new study to its database, which is titled as “Silica Gel Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025”. The study offers the executive summary along with the concise list of drivers, restraints, and trends in the global market. Further, a forecast analysis (2017-2025) is also present to enlighten the readers with the future growth prospects along with the CAGR.
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Silica gel is a great way to help combat mild to moderate acne and its positive benefits have been recorded in a number of scientific studies. It has a strong affinity for water molecules and this gel is widely used for any application that requires keeping moisture at bay. As the packaging industry is growing, almost all the small and big enterprises are largely focusing on their logistics. In order to avoid moisture, odor, corrosion or even prevent molding, there are tiny pouches available that can be put anywhere to keep the product fresh. According to a study, Silica gel packets are very popular in the packaging industry to prevent moisture from penetrating valuable materials and damaging them in the long run.
Geographically, the research throws lights on prime regions such as Latin America, Europe, North America, MEA, and APAC. It has been analyzed that the number of electronics enterprises is increasing rapidly in some countries such as China, Japan, India, etc. and thus, the demand for silica gel for the packaging of electronic devices is rising. Looking to these factors, analysts finds that the global market for silica gel is estimated to account for about US$ 505 Mn by the end of 2017 and registering a CAGR of 3.6% during the forecast period (2017–2025), is anticipated to reach a market value of about US$ 672 Mn by 2025 end.
The market has been further segmented by product type, pore size and applications. Based on product type, it includes indicating Silica Gel and Non-Indicating Silica Gel. By pore size, it covers fine pore, wide pore and medium pore. Major applications of silica gel include chromatography, paints & coatings, plastics, catalyst support, desiccants and personal care products. Of these, desiccants to sustain market dominance over other applications in the coming years.
Some of the prime companies highlighted in this study include Fuji Silysia Chemical Ltd., W.R. Grace & Co., Clariant, AGC Chemicals Americas, Thermo Fischer Scientific, Dessicare, Inc., PQ Corporation, Merck KGaA and others.
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