Global Silica Gel Market 2015-2019 with Clariant, Evonik Industries, Grace (WR), Huber (JM) & Solvay Dominating

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Apr 08, 2015, 06:29 ET

DUBLIN, Apr. 07, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/cfl7mk/global_silica_gel) has announced the addition of the "Global Silica Gel Market 2015-2019" report to their offering.

The Global Silica Gel market to grow at a CAGR of 4.02% over the period 2014-2019

Silica gel, one of the specialty silica and 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 it is available in various forms and types. Some of the major types are type A, type B, type C, cat litter, and stabilizing silica gel. As a result of its simple manufacturing process, high specific surface area, and superior adsorption characteristics, it is considered one of the cheapest and readily available moisture absorbents across the globe and finds extensive use as an adsorbent and a desiccant. Apart from the aforementioned major application, it also is used in water filtration, as a food additive, and for chromatography.

The report covers the present scenario and the growth prospects of the Global Silica Gel market for the period 2015-2019. On the basis of application, the Global Silica Gel market can be segmented into following: Adsorbents and Desiccants, Water Filtration, Food Additive, and Chromatography and Others.

The increased demand for silica gel from the APAC region (excluding China) is one of the major positive trends being witnessed by manufacturers in the market in recent years. There has been a significant increase in the use of silica gel for the manufacture of adsorbents and desiccants in emerging economies in the region, especially in India, Taiwan, and Thailand.

According to the report, the increased demand for silica gel in China, resulting from the increase in economic and industrial development in the country in recent years, is the major driver for the growth of the market. The increase in demand for silica gel for various commercial, industrial, and household applications in China, along with the significant increase in silica gel production capacity in China in recent years, is expected to benefit the Global Silica Gel market.

Further, the report states that the dearth of silica gel demand in developed countries, owing to saturated market conditions, is a major challenge being faced by manufacturers in the market. In recent years, the market has witnessed declining demand for silica-gel-based products in developed countries in North America and Western Europe, including the US, Germany, France, and the UK, making it difficult for manufacturers of silica gel in these regions to maintain their profit margins.

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