Global Mesoporous Silica Market is Expected to Reach USD 373.78 MN By Forecast Year 2028

October 25 19:58 2021
Global Mesoporous Silica Market is Expected to Reach USD 373.78 MN By Forecast Year 2028
Mesoporous Silica Market Data And Industry Growth Analysis | Stratistics Market Research Consulting
Mesoporous Silica Market Forecasts to 2028 – Global Analysis By Product (SBA Series, MCM Series), Application (Biosensors, Catalysis) and By Geography

According to Stratistics MRC, the Global Mesoporous Silica Market is accounted for $154.24 million in 2020 and is expected to reach $373.78 million by 2028 growing at a CAGR of 11.7% during the forecast period. Rising product penetration in different industries, biocompatibility attributes of silica, and its wide usage in cancer treatment are driving the market growth. However, an inadequate amount of awareness is hampering the growth of the market. By geography, Asia Pacific is going to have high growth during the forecast period owing to the increasing expenditure on wastewater treatment and in the pharmaceutical industry. China is the most growing country in the region due to rapid modernization and convenient chemical and pharmaceutical sectors outlooks. 

Some of the key players profiled in the Mesoporous Silica Market include Merck KGaA, ACS Material LLC, American Elements, AGC Chemicals Americas, Inc., Nanocomposix, Inc., Glantreo Ltd., Taiyo International, W.R.Grace, Mitsubishi Chemical Corporation, Mknano and XFNANO.

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The Global Mesoporous Silica Market is majorly driven by rise and efficient research and development activities for cancer treatment utilizing mesoporous silica. The drug delivery segment is growing at a highest CAGR owing to its high surface area, biocompatibility. North America dominated with a significant market share due to the factors such as rapid industrialization, growing environmental concerns. Europe market is growing at a highest CAGR owing to rising product demand from the pharmaceutical industry. 

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