London, 12 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Silica Gel Market 2015-2019, which is expected to grow at a moderate pace during the forecast period of 2014-2019, posting a CAGR of 3.41 percent on the basis of volume.
“The increased use of allochroic silica gel in various industrial applications has been a positive trend for manufacturers in the Global Silica Gel market in recent years,” says Faisal Ghaus, Vice President of TechNavio.
“They are used to manufacture transformers, owing to their ability to change color, thus indicating the level of moisture adsorbed by silica gel.”
Key Market Drivers
- Increased Demand in China
- Growth of Global Adsorbents Market
- Increased Use in Food Industry and Water Filtration
Key Market Trends
- Demand from APAC Region (excluding China)
- Increased Use of Allochroic Silica Gel
- Development of Environment-friendly Silica Gel Products
Key Market Vendors
- Clariant AG
- Evonik Industries AG
- Huber (JM) Corporation
- Solvay SA
- Grace (WR) & Company
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
