2017 NAN July
22 NORTH AMERICA NEWS / JULY 2017 , A recent report by PersistenceMarket Research (PMR) estimates nearly 350 KT of silica gel to be sold globally in 2017. In terms of volume, PMR’s report projects the global silica gel market to register 3.4%CAGR during the forecast period 2017 to 2025. Global Sales of Silica Gel Are Estimated to Reach 447.04 KT by 2025 In terms of value, the global market for silica gel is estimated to account for about $505 million by the end of 2017 and registering a CAGR of 3.6% during the forecast period (2017- 2025), is projected to reach a market value of about $672 million by 2025 end. Increasing usage of Silica Gel in chromatography will drive market growth in North America In terms of volume, North America is expected to be the second-fastest growing market for silica gel by 2025-end. To ensure consistency and good quality of food & beverages products, quantifiable trials while developing new products, and during current group production of various food & beverages products in North America. Chromatography has been an imperative method in obtaining endured and unadulterated food & beverages products. High utilization of silica gel in chromatography for research activities in pharmaceuticals and biopharmaceuticals is expected to fuel demand for silica gels in North America. However, high cost of silica gel, coupled with environmental regulations imposed by the U.S. government which govern usage of silica gel will impede market growth in North America. Asia Pacific (APAC) will remain the most lucrative market for silica gel, with sales expected to reach nearly 200 KT by 2025- end. The silica gel market in this region is projected to register the highest CAGR through 2025. Scope for packaging industry in Asia Pacific is rapidly growing, with small and big industries majorly focusing on their logistics. For protecting their products from moisture, they are using silica gel as a desiccant. In addition, electronics sector is estimated to be an emerging field for adoption of silica gel. With number of electronic enterprises growing rapidly in APAC countries such as China, India, and Japan, demand for silica gel will witness a surge in these countries. However, availability of substitutes such as activated alumina, activated charcoal, activated clay, and molecular sieves, are expected to restrain growth of silica gel market in APAC. As a consequence of their versatility in applications and comparatively low cost, customers are preferring adoption of these alternatives over silica gel. A sample of this report is available upon request at: www. persistencemarketresearch.com/ samples/16861 Varied application scope of non- indicating Silica gel to drive its market demand By product type, non-indicating silica gel will continue to be sought-after in the market, with sales expanding at a comparatively high CAGR than indicating silica gel through 2025, in terms of volume. Growing demand for non-indicating silica gel is primarily attributed to its varied scope in applications such as desiccant, plastics, personal care products, and paints & coatings. In terms of volume, fine-pore silica gel is estimated to exhibit 3.9% CAGR through 2025, and will remain dominant in the global silica gel market. In addition, sales of wide-pore silica gel and medium-pore silica gel are expected to collectively account for 183.75 KT by 2025-end. Concerning desiccants will continue to be the largest application of silica gel, followed by pharmaceuticals and paints & coatings. Pharmaceutical application of silica gel is expected to register the highest CAGR through 2025. In contrast, application of silica gel in catalyst support will exhibit the lowest CAGR through 2025, in terms of volume. Key market players identified in PMR’s 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., Dessicare, Inc., PQ Corporation, Fuji Silysia Chemical ltd., Qingdao Makall Group Inc. Connect on LinkedIn at: www.linkedin.com/company/ persistence-market-research-&- consulting
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