A report by Transparency Market Research titled, “Silica Gel Market – Global Industry Analysis, Size, Share, Trends and Forecast 2016 – 2024,” outlines a highly detailed description of this market based on several associated factors. The report serves as a valuable insight to all parties interested in this field.
Read Report Overview @
Silica gel is one of the popular desiccant and adsorbent materials used for a wide number of industrial and consumer applications. It has now become a crucial part of daily life for many people. Such a widespread use is primarily driving the global silica gel market to achieve a splendid growth. This gel is highly preferred by consumers as it does not experience any chemical reaction during adsorption, and hence does not form any by-products. Moreover, the gel does not change its size or shape even after absorbing a lot of moisture, thus remaining dry and free flowing after getting saturated with water. Such properties are a major reason for a high demand for the gel to exist, consequently driving the global silica gel market to achieve extensive growth.
To mention a few applications, silica gels are used in industries involved in automobiles, personal care, chromatography, petrochemicals; industry catalyst support aid, deep freezer compartments, sleeping bags, shoes, and foot lockers. Additionally, silica gels are chemically stable and are non-toxic; hence are widely used in food and beverage industry. Silica gel is also utilized in room fresheners that help maintain room odors.
However, the global silica gel market is being fairly restrained owing to volatility and fluctuation in raw material prices, especially in emerging and underdeveloped economies. Moreover, the supply for silica gel might be highly dicey in such regions, thus dampening the market’s expansion too. Nevertheless, many players are focusing on improving geographical reach of the market, thus offsetting most of the restraints.
Request to view Sample Report:
Companies working in this sector are focusing on retaining customer loyalty, improving product distribution, and regulating silica gel prices. The vendor landscape also depicts many players showing interest for participating in important mergers and acquisitions, collaborations, and partnership activities in the near future. Natland International Corporation, Fuji Silysia Chemical Ltd., Garg Chemical Company, Kalpataru Pvt.Ltd., SG Desiccants, GeeJay Chemicals Ltd., and International Silica Gel Co., Ltd., are key players operating in the global silica gel market.