Mesoporous Silica market COVID-19 Impact, Trends & Business Statistics By 2027

Posted by Mrudula Anil Karmarkar on March 23rd, 2022

The global mesoporous silica market size is expected to reach USD 295.1 million by 2027 registering a CAGR of 9.7%, according to a new report by Grand View Research, Inc. Rising product penetration in the pharmaceutical industry is expected to be a major driver for the market growth over the forecast period. Thermal stability, favorable chemical properties, and biocompatibility attributes of the mesoporous silica are anticipated to drive its demand in the pharmaceutical industry. The value chain of the market consists of raw material suppliers, manufacturers, research laboratories, distributors, and end-users.

The product is anticipated to be in the research stage and the market is characterized by a limited number of players engaged in the production and supply. The industry exhibits a moderate presence of established players controlling a significant market share. The product demand is anticipated to be the highest in biomedical applications, which has prompted companies to focus more on research activities for the medical sector. Ongoing research and continuous development are expected to offer numerous growth opportunities in the medical industry.

 Rising product penetration in different application industries, such as chemicals, wastewater treatment, and pharmaceuticals, drives the market. Thermal stability, favorable chemical properties, and biocompatibility attributes of the product are anticipated to boost its demand in the pharmaceutical industry over the forecast period.

Increasing and effective research & development activities for cancer treatment using mesoporous silica are also expected to augment the product demand. A wide range of existing and potential applications of the product in drug delivery and wastewater treatment fields and extensive use in the chemical industry as a catalyst for the synthesis of various chemicals coupled with rising expenditure on biotechnology by the government and pharmaceutical firms are anticipated to bolster the product demand.

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The MCM series segment led the global market in 2020 accounting for a revenue share of over 45%. The SBA series is projected to register the fastest CAGR over the forecast period on account of its use in diverse applications, such as pharmaceutical, chemical, and others.The market is majorly segmented based on products into SBA series, MCM series, and other products. SBA includes SBA 15 and SBA 16 materials used from the SBA series exhibiting hexagonal and lamellar structures, respectively. The properties exhibited by the SBA series products, such as thermal and mechanical stability, high surface area, and ease of functionalization, propel their demand.

Mesoporous Silica Market Report Highlights

• SBA series is expected to witness the fastest revenue growth from 2020 to 2027 on account of its properties of enhanced thermochemical stability desired for various pharmaceutical applications
• Drug delivery application is estimated to witness significant growth over the forecast period owing to its high surface area, biocompatibility, and ease of surface modification desired as an active drug ingredient in several treatments including cancer
• Asia Pacific is estimated to witness the fastest CAGR of 10.9%, in terms of revenue, owing to the rapid growth of the pharmaceutical industry and increasing expenditure on wastewater treatment
• The major manufacturers, such as Merck KGaA and Taiyo International, emphasize on the implementation of new technologies and R&D activities to have a competitive advantage and to serve various application requirements

Companies, such as American Elements and Merck KGaA, are dominating the market by offering a diversified product portfolio. Manufacturers provide products on the basis of standard specifications and design specifications provided by the end-users. Companies are continuously engaged in offering products using innovative and advanced methods to meet changing demands pertaining to different application industries, such as chemicals, wastewater treatment, and pharmaceuticals. Companies are trying to increase their sales through investment, expansion, and innovation. The market is characterized by the presence of a significant consumer base across the globe with the companies operating their businesses through dedicated distribution networks. Some of the prominent players in the global mesoporous silica market include:

• Merck KGaA
• American Elements
• Nanocomposix, Inc.
• Taiyo International
• Mitsubishi Chemical Corporation
• MKnano
• W.R.Grace & Co.
• AGC Chemicals Americas, Inc.
• Glantreo Ltd.
• ACS Material LLC

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.