Global Pharmaceutical Grade Silica Gel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pharmaceutical Grade Silica Gel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Silica gel is an amorphous and porous form of silicon dioxide, which is composed of an irregular three-dimensional framework with alternating silicon and oxygen atoms, and has nano-scale voids and pores. The void may contain water or some other liquid, or may be filled with gas or vacuum. Silica gel is a type of highly active absorption material, which is non-toxic, non-corrosive, non-contaminate, and tasteless. It is safe to get in direct contact with drugs, and nutraceutical products. This report studies the global Pharmaceutical Grade Silica Gel market.

Market Overview:

The latest research study on the global Pharmaceutical Grade Silica Gel market finds that the global Pharmaceutical Grade Silica Gel market reached a value of USD 91.08 million in 2022. It’s expected that the market will achieve USD 149.01 million by 2028, exhibiting a CAGR of 8.55% during the forecast period.

Market Drivers

Safe packaging of products is an important consideration in pharmaceutical industry. These products are highly sensitive to changes in environmental factors, such as temperature and moisture content. Therefore, pharmaceutical companies make every effort to maintain the integrity of their products and prevent their chemical composition from changing. Silica gel is essential because it can prevent water pollution and provide drug safety. At the same time, it can also improve the convenience of transportation, so it can also protect medicines and diagnostic tests during transportation. The increasing demand of pharmaceutical industry will promote the development of Pharmaceutical Grade Silica Gel industry.The social and economic development and the aging of the population have led to the continuous improvement of residents' personal health consumption. According to the National Bureau of Statistics of China, the per capita health care expenditure of Chinese households has increased from 1,307 yuan in 2015 to 1,843 yuan in 2020 (with the peak value of 1,902 yuan in 2019). The increasing emphasis on health care has driven the increasing demand for medicines. China's huge population and the growing downstream demand will promote the development of pharmaceutical industry, thus promoting the growth of Pharmaceutical Grade Silica Gel industry demand.With the rapid development of various industries in Europe and North America, the Pharmaceutical Grade Silica Gel industry is supported by strong economy and technology. Some large Pharmaceutical Grade Silica Gel enterprises are located in Europe and North America. These enterprises have certain brand influence and occupy a large market share. These factors will provide opportunities for the expansion of the Pharmaceutical Grade Silica Gel market in Europe and North America.

Market Constraints and Challenges

PQ and National Silicates announced that their respective silicate businesses in the United States and Canada will increase their prices from September 1, 2021, or as permitted by contracts and agreements. This price adjustment is driven by the sharp increase in raw materials, energy and transportation costs. PQ and National Silicates will increase the list and off-list pricing in the United States and Canada, respectively. The price of standard sodium silicate increases by 10-20%. Headquartered in Malvern, Pennsylvania, PQ is one of the world's leading producers of sodium silicate. The main raw material of Pharmaceutical Grade Silica Gel is sodium silicate, and the fluctuation of raw material price will affect Pharmaceutical Grade Silica Gel industry.

Region Overview:

Asia-Pacific had the highest growth rate of all regions.

Company Overview

The top three companies are Honglin Silica Gel, Fuji Silysia Chemical, WR Grace & Co., with the revenue market share of 16.55%, 12.30%, 9.68% in 2021. Established in May 2013, Honglin Silica Gel is a high-tech enterprise integrating research, development and production of silica gel series products. It has modern machinery and equipment and an integrated production line, adopts advanced air granulation technology, and strictly organizes production in accordance with the standards promulgated by the state. Based on the Company's geographical location and resource advantages, it will become the internationally renowned and largest manufacturer of silicone series products in Asia. The company's products are mainly used in packaging moisture-proof desiccant, pet padding, carrier of petrochemical catalyst, dehydration purification and purification of chemical products, drying of industrial gases, air purification, chemical separation, carrier of fragrance, domestic air freshener and deodorant, etc.Fuji Silysia Chemical Ltd. is a chemical company that specializes in producing high quality micronized synthetic silica gel for the paints, inks, coatings, plastics, pharmaceutical & cosmetic industries.

Segmentation Overview:

Among different product types, Solid segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Desiccant segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Pharmaceutical Grade Silica Gel market covered in Chapter 3:

Sorbead IndiaMultisorb Technologies, Inc.MakallFuji Silysia ChemicalChengyu ChemicalWR Grace & Co.Interra Global Corp.Dongying Yiming New MaterialsDesiccare Inc.Honglin Silica GelClariant International Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Pharmaceutical Grade Silica Gel market from 2018 to 2029 is primarily split into:

SolidLiquid

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pharmaceutical Grade Silica Gel market from 2018 to 2029 covers:

DesiccantDrug CarrierAdsorbentGlidantOthers

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)