QYResearch: Global Silica gel desiccant market is estimated to be 784 thousand tons in 2023

QYResearch: Global Silica gel desiccant market is estimated to be 784 thousand tons in 2023 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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QYResearch • Silica Gel Desiccant: Has great deal of internal surface area, appearance is generally spherical. It is a tasteless, odorless, non-toxic, non-corrosive, and chemically inert substance. An aqueous solution of sodium silicate is acidified to produce a gelatinous precipitate that is washed and then dehydrated to produce Silica Gel Desiccant. It is a highly activated desiccant that is available in numerous mesh sizes designed for many uses in industry. During adsorption, there is no chemical reaction in the Silica Gel Desiccant, and no byproducts are created. It is nondeliquescent, and its shape and size never change. Its outer surfaces stay dry and it remains free-flowing, even when it is saturated with water. www.qyresearch.com

QYResearch • According to QYResearch, Global silica gel desiccant market grew from 591 thousand tons to 668 thousand tons with CAGR of 3.1%. Silica gel desiccant market will keep stable growth in the next few years. Global total sales are estimated to be 784 thousand tons in 2023 with an annual growth rate in 2.3%. The global silica gel desiccant sales revenue was 686 million USD in 2016. • The silica gel desiccant market is leaded by China. China accounted for about 37% silica gel desiccant market share. Nearly 250 thousand tons silica gel desiccant was consumed in China in 2016. The following is USA and Europe with 18% and 16% market share, respectively.

There are many silica gel desiccant manufacturers around the world. Many China producers export their silica gel desiccant product worldwide with relatively low price.

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There are three types of silica gel desiccant in the market: white desiccant, blue desiccant and orange desiccant. White desiccant is the general type and this type product occupied 90% market share. Blue desiccant and orange desiccant are the special types, which can indicate water absorption. The blue desiccant and orange desiccant price is higher than white type.

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QYResearch Under the influence of raw material, market competitions and economic conditions, the price of silica gel desiccant was lower year by year. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing.

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