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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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