Silica gel is a nebulous form of silicon dioxide; and synthetically produced in the form of firm uneven granules with appearance of crystals or hard regular beads. Silica Gel is one of the popular desiccant and adsorbent used for a wide number of industrial and consumer applications. Silica has become the part of daily life and consumers can find its application in everyday life.
Silica Gel is a highly activated adsorbent, and it is furnished in a wide range of mesh sizes to suit various industrial applications. It is non-toxic, non-corrosive, odorless, chemically inert and tasteless. Silica gel is a highly porous form of silica, with an extremely large internal surface area. The silica gel does not undergo any chemical reaction during adsorption and hence, does not form any by products. Furthermore, it is non-deliquescent and would not change its size or shape even after adsorbing high moisture. Additionally, when the silica gel is water saturated, it remains dry and free-flowing.
Silica gel has applications in various industry, for instance in shipping industry as an adsorbent. The cargo travels in closed compartment by sea routes for days at stretch. Therefore, small packets of silica gel are used for protecting cargo from moistures. Furthermore, silica gel is used in food and beverage industry. Moisture content in food reduces the shelf life of food products, and high moisture content lead to growth of fungus and mold. Silica gels are desiccants and maintain the shelf life of food products. Additionally, silica gels are chemically stable and are non toxic, hence are widely used in food and beverage industry. Silica gel is also used in controlling odor. Silica gel absorbs odor and foul smell from the immediate vicinity; mainly they are used in deep freezer compartments, sleeping bags, shoes, foot lockers, automobiles and others. Other industry includes, personal care, chromatography, petrochemicals; industry catalyst support aid, films, non films color dispersion aid, inks and printing industry, and paints and coatings, in steel refinery industry and oxygen plants, it can be used to remove ethane from oxygen, desiccant in gas industry, dehydration and purification in oxygen, hydrogen and chlorine. The market of silica gel can be segmented according to its application, as its demand varies according to its applications. The market can be segmented appropriately and growth in any industry would directly boost the demand for silica gel.
In large ware house to small storage facility, silica gels are used to avoid the negative impact of moisture in the stored items. Furthermore, silica gel can be regenerated by heating; and heating process removes the moisture content of silica gel and hence can be reused.
Growth in any industry would directly lead to growth in demand of silica gel due to its number of qualities associated with it. Silica gel is the most preferred desiccant used in all industry.
Asia Pacific is growing at a faster pace due to the improving economy and rising consumers demand in countries such as, India and China. Other countries with high demand of silica gel include Japan and Australia in their various industries in Asia Pacific region. North America, and Europe accounted for maximum market share, however the market is projected to increase at normal pace due to matured market.
The key industry players include, Fuji Silysia Chemical Ltd., Kalpataru Pvt.Ltd., Garg Chemical Company, Natland International Corporation, GeeJay Chemicals Ltd., SG Desiccants and International Silica Gel Co., Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.