Global Silica Gel Market 2016-2020
About Silica Gel
Silica gel, a form of silicon dioxide, is prepared commercially by the acidification of sodium silicate. It is used in a variety of commercial, industrial, and household applications and is available in the market in various forms and product types.
Technavio’s analysts forecast the global silica gel market to grow at a CAGR of 6.21% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global silica gel market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of silica gel to end-use industries such as oil and gas, petrochemical, pharmaceutical, consumer goods, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Silica Gel Market 2016-2020
Technavio recognizes the following companies as the key players in the global silica gel market: BASF, Clariant, Evonik, Solvay, and W.R. Grace.
Other Prominent Vendors in the market are: Merck, Sorbead India, and Fuji Silysia Chemical.
Commenting on the report, an analyst from Technavio’s team said: “The increased emphasis on R&D to develop environment-friendly silica gel products, owing to increasing global awareness about environment protection, has resulted in the recent introduction of safer silica gel products in the market. One of the developments has been the introduction of Eco Blue Silica Gel by Nantong OhE Chemicals. This product does not contain cobalt dichloride or cobalt chloride, the main environment pollutants usually found in allochroic silica gel products, while it still has the same level of efficiency. Cobalt chloride and cobalt dichloride based products cause water pollution and are harmful to aquatic life. With other manufacturers developing and introducing newer products with lower percentages of these chemicals, the development of environment-friendly silica gel products is a positive trend expected in the global silica gel market.”
According to the report, growing demand for silica gel in China will be a key driver for market growth. The increase in demand for silica gel in China is one of the key factors contributing to the growth of the global silica gel market. In 2015, China was the leading country in the market, both in terms of production and consumption of silica gel. The country accounted for approximately 30% of global consumption in 2015, and we expect that it will maintain its position until 2020. It will also experience faster growth than other key markets like Germany and the US during the forecast period, due mostly to the increased use of silica gel in the manufacture of adsorbents and desiccants and in the electronics and packaging sectors. The rise in demand for Chinese silica gel-based cat litter in developed countries is also a key growth factor for this market.
Further, the report states that the health hazards associated with the ingestion and inhalation of silica gel products is one of the challenges manufacturers are facing in the global silica gel market. Silica gel finds extensive use as a desiccant in various food products, owing to its ability to adsorb humidity and prevent any moisture damage to packaged food. Although silica gel is non-toxic when ingested in small quantities, its increasing use as a food additive in the food and beverage industry can lead to accumulation of the product in the body resulting in various health problems. Ingesting silica gel in large quantities can cause irritation of the digestive tract and dehydration.
BASF, Clariant, Evonik, Solvay, W.R. Grace, Merck, Sorbead India, and Fuji Silysia Chemical.
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