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Allied Market Research

Silica Gel Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07543
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Feb 2021 | 170 Views
 
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Silica Gel Market Analysis 2020-2027:

Silica gel is a special form of silicon dioxide, which is amorphous and porous in nature. It has a three-dimensional molecular structure with void or pores present between the silicon and oxygen molecules. These voids may be filled with liquids or gasses or can even be vacuum. The type of silica gel having vacuum void are commercialized and are commonly known as silica xerogel. It has extremely good desiccating or moisture absorbing properties because of its strong affinity toward water molecules. Thus, silica xerogel is widely used in a number of industries such as packaging, shipping, pharmaceuticals, and food & beverages.

Market scope and structure analysis:

                Report Metric

                                        Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Pore Size, Application, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and rest of MEA)

  Companies covered

Evonik Industries, Clariant, Solvay, Merck Group, China National Bluestar, Fuji Silysia Chemical, Nissan Chemical Industries, DuPont, Dow Chemical, Qingdao Haiyang Chemical, and Millennium Chemicals.

 

COVID-19 scenario analysis:

  • The COVID-19 pandemic has challenged the global business scenario in several ways.
  • The nationwide lockdowns and travel restrictions imposed by several governments to fight against the pandemic severely impacted the shipping and packaging industry to a great extent. Thus, the application of silica gel in these industries decreased notably; thereby, affecting the market. 
  • Due to the economic slowdown that followed the pandemic, the demand for packaged food decreased. Moreover, the stringent restrictions on national and international transport also affected the packaging industry in a negative way; thereby, lowering the demand for silica gel in the market.

Top impacting factors: Market scenario analysis, trends, drivers and impact analysis

The rapid industrialization and increase in use of desiccants in different industries have led to the growth of the silica gel market. Silica gel is used in the form of pellets kept in paper envelops to keep the immediate environment dry. It is extensively used in shipping and packaging industry where the materials that are transported are needed to be kept safe from moisture. Because of the qualities such as non-toxic, tasteless, and chemically inert, silica gel is used in the food and beverages industry to increase the shelf life of packaged food by keeping it moisture free. It is also used to absorb the foul odor from refrigerators, automobiles, shoes, lockers, and so forth. Silica gel column is also a major component used during the chromatographic separation of drugs done in the pharmaceutical industry. However, the availability of other substitutes like activated charcoal and activated alumina restraints the growth of the silica gel market. But the extensive use of silica gel in different industries like packaging, personal care, paints & coatings, food and beverages, and others have led to the growth of the silica gel market worldwide.  

The Asia-Pacific region holds a significant share of the global silica gel market with the escalating demands in massive markets like India and China. The growing packaging and food & beverage industry in the region has led to the growth of the silica gel market. 

Key segments covered:

               Segments

                                             Sub-segments

  Type

  • Indicating Silica Gel
  • Non-indicating Silica Gel

  Pore Size

  • Fine Pore (Type A)
  • Medium Pore (Type B)
  • Wide Pore (Type C)

  Applications

  • Chromatography
  • Catalyst Support
  • Paints and Coating
  • Plastic
  • Desiccant
  • Personal Care Products

 

Key benefits of the report:

  • This study presents the analytical depiction of the global silica gel industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global silica gel market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global silica gel market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global silica gel market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the silica gel market research report:

  • Which are the leading market players active in the silica gel market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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  • Further develops analyst team’s market understanding and expertise
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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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