With the emergence and long-term Impact of COVID-19, Global Mesoporous Silica Market to reach USD 389.3 Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Mesoporous Silica Market points towards a potential rise to USD 389.3 Million by 2030. Mesoporous silica refers to a type of silica material that possesses a well-defined network of pores with diameters typically ranging from 2 to 50 nanometers. It is characterized by its unique pore structure, which consists of interconnected channels and voids on a nanoscale level. These pores provide a large surface area and volume, allowing for high adsorption capacity and efficient transport of molecules within the material.
The driving factors boosting the market growth are increasing demand in the pharmaceutical industry and growing applications in the Cosmetics and Personal Care Industry. Mesoporous silica nanoparticles can be functionalized to encapsulate and deliver active ingredients to targeted areas on the skin. This controlled release system enhances the stability and effectiveness of the active ingredients, ensuring their optimal delivery and absorption.
Geographically, the global Mesoporous Silica market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the rapid growth of the pharmaceutical sector and the rise in wastewater treatment costs. The use of mesoporous silica is expected to increase over the forecast period as a result of rapid industrialization, rising environmental concerns, and strict laws established by various governments to safeguard environmental quality.
Asia Pacific is expected to be the fastest growing during the forecast period, owing to factors such as rising diseases and environmental concerns. In addition, the region’s expanding urbanization has increased the demand for building materials including cement, sand, and concrete, which is one of the main factors driving the mesoporous silica market in the APAC region.
The global Mesoporous Silica market is highly competitive owing to the presence of several key players such as Merck KGaA Mitsubishi Chemical Corporation American Elements AGC Chemicals Americas, Inc. Nanocomposix, Inc. ACS Material LLC Evonik Industries AG Tokuyama Corporation Kryton International Inc. Akzo Nobel N.V., and others.
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Key findings of the study suggest:
- Global Mesoporous Silica Market is anticipated to grow with a healthy growth rate of more than 9.7% over the forecast period 2023-2030.
- In the Product segment, MCM Series emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the rapid growth of the pharmaceutical sector and the rise in wastewater treatment costs. The use of mesoporous silica is expected to increase over the forecast period as a result of rapid industrialization, rising environmental concerns, and strict laws established by various governments to safeguard environmental quality.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- MCM Series
- SBA Series
- Others
By Application:
- Catalysis
- Drug Delivery
- Environmental Protection
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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