The global mesoporous silica market size is expected to reach USD 388.7 million by 2030, registering a CAGR of 10.4% from 2023 to 2030, 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.
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The SBA series segment accounted for the largest revenue share of 44.0% in 2022 and is expected to further expand at the fastest CAGR of 11.5% during the forecast period on account of its properties of enhanced thermochemical stability desired for various pharmaceutical applications
The drug delivery segment held the largest revenue share of 42.9% in 2022 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 expected to expand at the fastest CAGR of 11.5% during the forecast period, 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
Grand View Research has segmented the global mesoporous silica market on the basis of on product, application, and region:
Mesoporous Silica Product Outlook (Volume, Kilogram; Revenue, USD Million, 2018 - 2030)
M41S Series
SBA Series
Others
Mesoporous Silica Application Outlook (Volume, Kilogram; Revenue, USD Million, 2018 - 2030)
Catalysts
Drug Delivery
Environmental Protection
Others
Mesoporous Silica Regional Outlook (Volume, Kilogram; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
China
Japan
India
Taiwan
South Korea
Central and South America
Brazil
Argentina
Middle East and Africa
Saudi Arabia
UAE
List of Key Players in the Mesoporous Silica Market
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
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