Silica Gel Price Trend

Silica Gel Prices December 2023

The China silica gel price for Q4 2023 in December was 537 USD/MT.

Silica Gel Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Silica Gel Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of silica gel pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of silica gel at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of silica gel price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing silica gel price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Silica Gel Market Analysis

The global silica gel market size reached US$ 663.915 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 881.514 Million, at a projected CAGR of 3.20% during 2023-2032.

• The food and beverage industry benefits from the use of silica gel as it is used in the moisture less packing that makes the life cycle of products longer. Rising demand is attributed to the increasing importance of packaging to ensure food does not spoil and that the quality of the product does not get compromised.
• The pharmaceutical industry also widely employs silica gel as packaging material to reduce the effect of moisture on the product. This is due to strict regulatory which has been on the rise as well as the need to find good desiccants that will enhance the stability and shelf life of various pharmaceutical products.
• The increasing usage of silica gel in the chromatography process is renowned for the separation and purification of chemical compounds. The increasing use of high-purity silica gel in research and development operations in multiple sectors augments the market. 
• Increasing attention has been paid to the environmental effects of using and disposing of silica gels. There is a growing trend among companies to adapt sustainable manufacturing practices and innovations as they seek to eliminate legal risks and complaints regarding manufacturing and production.
• The automotive industry is another market that employs silica gel in its production processes and in the manufacture of its products such as tires. The growing interest and development of automobiles, particularly in the developing countries, has been a key driver for silica gel consumption.
• Innovations in silica gel manufacturing are improving the quality and effectiveness of the produced products through technological improvements. The enhanced adsorptive properties of silica gel are allowing manufacturers to provide better quality of the product and pave their way to new applications facilitating market growth.
• The electronics industry is increasingly using silica gel for satisfying the need for moisture protection for vulnerable electric parts and gadgets.
• The growth in the online retail and e-commerce industry creates pressure on packaging to provide suitable solutions for protecting goods during transportation. The ability of silica gel to help retain the product’s state during transportation is especially gaining significance.
• Silica gel finds usage in cosmetic and personal care products basically for its moisture absorption feature. This trend points towards the increased usage of advanced and durable cosmetic products, which in turn propels the demand for the best quality silica gel in the market.

Silica Gel News

The report covers the latest developments, updates, and trends impacting the global silica gel market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in silica gel production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the silica gel price trend.

Latest developments in the silica gel industry:

• January 2024: Mold-Tek Packaging Ltd, a rigid plastic packaging company, is investing ₹120 crore to expand its manufacturing capacity by 5,500 metric tonnes per annum. This expansion includes enhancements at its Sultanpur facility in Telangana, focusing on high value-added pharmaceutical packaging, such as tubes for effervescent tablets, silica gel canisters, and molded bottles for OTC products. The company has also initiated trial production at new facilities in Panipat, Haryana, and Cheyyar, Tamil Nadu, aimed at producing pails for paints and food containers. Additionally, Mold-Tek plans to establish a new plant in Mahad, Maharashtra, with a capacity of 1,500 MTA, expected to be operational by October 2024. Once all facilities are fully operational, Mold-Tek's total capacity will increase to 54,000 MTA by the 2024-25 financial year.
• May 2024: Sorbead India and Swambe Chemicals have announced a merger to form Sorbchem India Private Limited, a new entity that will provide enhanced desiccant and adsorbent solutions. The merger combines the strengths and expertise of the two industry leaders, with Swambe Chemicals bringing its extensive experience in silica gel and air/gas drying applications, and Sorbead India contributing its specialized expertise in adsorbents and desiccants.

Product Description

Silica gel is a small spherical and porous material which is a colorless, translucent, non-conducting form of silicon dioxide and it is commonly used for its excellent desiccant abilities. This material has the capacity to meet or gel with water and is used in several functions. Silica gel is utilized in the food and beverage industry to enhance product shelf life as it reduces impacts of moisture. In the pharmaceutical sector, it protects against humidity, which is essential to maintain product stability.

In electronics, silica gel is used to protect the newly produced products and the sensitive components from moisture and in the automotive industry silica gel is used in tires and as a dehumidifier in automobiles. Furthermore, it is used for chemical separations in chromatography and in cosmetic care items due to its ability to absorb moisture.

Regional Coverage

The report provides a detailed analysis of the silica gel market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the silica gel price trend.

Global Silica Gel Price

The report offers a holistic view of the global silica gel pricing trends in the form of silica gel price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of silica gel but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed silica gel demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Silica Gel Price

European silica gel prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed silica gel price information for a comprehensive list of countries.

North America Silica Gel Price

The analysis of silica gel prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific silica gel historical data within the United States and Canada can also be provided.

Middle East and Africa Silica Gel Price

The report explores the silica gel pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on silica gel prices for countries can also be provided.

Asia Pacific Silica Gel Price

The silica gel pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This silica gel price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Silica Gel Price

The analysis of silica gel prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of silica gel pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting silica gel price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The silica gel price charts ensure our clients remain at the forefront of the industry.