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The global mesoporous silica market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 8% during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Mesoporous silica refers to silica nanoparticles comprising honeycomb-like structure with large empty channels, or mesopores, to trap bioactive molecules. It is commonly available in amorphous, anhydrous, surface hydrates, crystalline, quartz, tridymite and cristobalite variants in rods, discs and powdered forms. They exhibit high colloidal stability and biocompatibility, which are beneficial for efficient drug loading, delivery and sustained release. As a result, they are widely used across industries for wastewater treatment, indoor air cleaning, bio-catalysis, drug delivery, carbon dioxide capture, bioanalytical sample preparation and pervaporation membrane improvement.
Significant growth in the pharmaceutical industry across the globe is one of the key factors creating a positive outlook for the market. Mesoporous silica is widely used in the research and development (R&D) activities conducted for cancer treatments. Furthermore, widespread adoption of mesoporous silica as a catalyst for the production of various industrial chemicals and as a building and construction material, is providing a thrust to the market growth. In line with this, mesoporous silica is used in the production of flat glass, sand, concrete and cement for construction applications. Additionally, various innovations, such as the development of mesoporous silica particles (MSP) from silica fume and alginate for sustainable pollutant reduction, are acting as other growth-inducing factors. It adsorbs and removes the environmental and aqueous pollutants due to its large surface area, pore size and pore volume. Other factors, including rapid industrialization, along with extensive improvements in the healthcare infrastructure, especially in the developing economies, are anticipated to drive the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global mesoporous silica market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.
Breakup by Product:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ACS Material LLC, AGC Chemicals Americas Inc. (AGC INC.), American Elements, Glantreo Ltd., Merck KGaA, Mitsubishi Chemical Corporation, MKnano, nanoComposix, Taiyo International and W. R. Grace & Co.
According to the estimates by IMARC Group, the global mesoporous silica market is expected to witness a CAGR of 8% during 2021-2026.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries of mesoporous silica, thereby negatively impacting the market growth.
Various innovations, such as the development of mesoporous silica particles (MSP) from silica fume and alginate for sustainable pollutant reduction, represent one of the key trends in the global mesoporous silica market.
On the basis of the product, the market has been bifurcated into MCM series, SBA series, and others. Currently, MCM series hold the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
On the basis of the application, the market has been divided into catalysis, drug delivery, environmental protection, and others. Among these, drug delivery represents the largest segment.
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