April 24, 2024
Global Mesoporous Silica Market

Global Mesoporous Silica Market Is Estimated to Witness High Growth Owing to Wide Range of Industrial Applications

Mesoporous silica belongs to the class of inorganic materials with uniformly sized pores between 2-50 nanometers. It finds wide applications in fields of catalysis, sensing, drug delivery, and separations owing to its large surface area, tuneable pore size, and good mechanical properties. Mesoporous silica possesses high thermal and chemical stability making it suitable for harsh industrial conditions. The pore structure allows for modifications with organic functional groups to impart specific properties. Major industrial applications of mesoporous silica includes catalysis in petrochemical processing and fuel production, chromatography separation, and as stationary phase in liquid chromatography.

The Global Mesoporous Silica Market is estimated to be valued at US$ 194.8 MN in 2024 and is expected to exhibit a CAGR of 10% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the Global Mesoporous Silica Market Growth are Merck KGaA, American Elements, nanoComposix, Inc., Taiyo International, Mitsubishi Chemical Corporation, MKnano, W.R. Grace & Co., AGC Chemicals Americas, Glantreo Ltd., ACS Material LLC. The key players are actively focusing on R&D activities to develop modified mesoporous silica with tuneable pore size and surface properties for specific industrial applications.

The key opportunities in the market include growing demand from petrochemical and pharmaceutical industries. Mesoporous silica is finding increasing usage as catalyst support in petroleum cracking and hydrogenation reactions. In pharmaceuticals, mesoporous silica is investigated for targeted drug delivery and biomedical imaging applications owing to its biocompatibility.

Globally, the demand for mesoporous silica is maximum from Asia Pacific region owing to presence of large refineries and petrochemical plants in China, India, and other Southeast Asian countries. North America is another major consumer due to huge shale gas and tight oil exploration activities. Leading players are expanding their production capacities in Asia and South America to cater to rising regional demand.

Market drivers

The major market driver for mesoporous silica is increasing demand from petrochemical industry. Mesoporous silica finds widespread application as catalyst support in petroleum refining processes such as catalytic cracking and hydroprocessing owing to its large surface area, tunable pores, and excellent stability under reaction conditions. This is expected to drive the consumption of mesoporous silica globally over the forecast period.

PEST Analysis

Political: Governments across several countries are supporting R&D activities in nano materials including mesoporous silica. They are funding research projects and institutes to develop new applications.

Economic: Mesoporous silica finds numerous applications in industries like pharmaceutical, biotechnology, cosmetics etc driving its demand. Growing investments in these sectors are fueling market growth.

Social: Increasing health consciousness and changing lifestyles are contributing to demand for improved medicines, personal care products incorporating mesoporous silica.

Technological: continuous research is expanding applications of mesoporous silica in drug delivery, catalysis, absorbents etc. New synthesis techniques are helping improve structural control and functionality.

The geographical regions where the global mesoporous silica market in terms of value is concentrated include North America and Europe. These developed regions have strong presence of end-use industries like pharmaceuticals and strong research infrastructure supporting development of novel applications.Asia Pacific is the fastest growing regional market for global mesoporous silica. This is attributed to rapid economic development, growing healthcare expenditures, expanding drug manufacturing capacities and rising lab research in countries like China and India.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it