Latest News- Silica Gel Market: Oil and gas industry is expected to lead the Application segment during 2025-2029

The Silica Gel Market is being driven by Increasing use in food and beverages industry as food additives

The Silica Gel Market is expected to grow at a CAGR of 9.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 576 million. In the global silica gel market, allochroic silica gel, a colored variant, has emerged as a significant trend due to its application in various industries, particularly in power systems. This type of silica gel changes color upon absorbing moisture, providing crucial indicators for manufacturers. For instance, in transformers, blue allochroic silica gel is commonly used. Upon absorbing moisture, it transforms from a shallow blue hue to pink, signaling the moisture content in machine parts. This color change facilitates preventive maintenance and allows for timely identification and correction of defects, enhancing overall operational efficiency and product quality. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Oil and gas industry
  • Petrochemical
  • Pharmaceutical
  • Consumer goods
  • Others
• Product Type
  • Indicative silica gel
  • Non-indicative silica gel
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing use in food and beverages industry as food additives
• Growing use of silica aerogel in construction industry
• Growing demand from personal care industry

However, the market also witnesses some limitations, which are as follows:

• Health hazards associated with use of silica gel
• Preference for substitutes
• Stringent regulations and policies

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Market Scope in Silica Gel Market Research Report

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Research Analysis Overview

The Silica Gel market encompasses various types of Silica Gel, including Indicating and Non-Indicating, which find applications in numerous industries. Key sectors include Pharmaceuticals for use as a desiccant and food additive, Paints and Coatings for moisture control, Petrochemical processes for turbid polymer stabilization, and the Electronic industry for moisture absorption. Additionally, Silica Gel is used in Food and Beverages, Personal Care, Plastics, and Soil amendment. Silica dioxide, a primary component, is also employed in the production of Absorbent materials, Liquors, Non-alcoholic beverages, Essential oils, Snacks, and as a desiccant in the Pharmaceuticals industry.

Market Research Overview

The global commodity chemicals market encompasses businesses specializing in the production of industrial and fundamental chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably excluded are chemical companies manufacturing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. Key growth drivers for the commodity chemicals market include the expanding demand for plastic packaging. Given its widespread usage in the global packaging sector, plastic's popularity is driven by the continuous innovation for lightweight, corrosion-resistant materials. This trend significantly influences the application of chemicals in the manufacturing process of plastic packaging materials. Other significant industries contributing to the market's growth include pharmaceuticals, paints and coatings, petrochemicals, food and beverages, personal care, plastics, electronics, and the use of alternative desiccants like activated alumina and activated clay.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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