Mesoporous Silica Market

Mesoporous Silica Market Overview:

The global mesoporous silica market size reached US$ 182.8 Million in ​2023​. Looking forward, IMARC Group expects the market to reach US$ 452.5 Million by ​2032​, exhibiting a growth rate (CAGR) of 9.4% during 2024-2032. There are several factors that are driving the market, which include the rising demand for electronic devices like sensors and lithium-ion batteries, thriving personal care and cosmetic sectors, and increasing usage in the agriculture industry.

Mesoporous Silica Market Analysis:

• Major Market Drivers: The market is experiencing moderate growth because of the increasing utilization in biotechnology and bioimaging and the expansion in environmental remediation.
• Key Market Trends: The thriving personal care and cosmetic sectors and increasing need in the agriculture industry are key market trends.
• Geographical Trends: North America exhibits a clear dominance, accounting for the biggest market share owing to the burgeoning pharmaceutical sector.
• Competitive Landscape: Some of the major market players in the mesoporous silica industry include ACS Material LLC, AGC Chemicals Americas Inc. (AGC INC.), American Elements, Glantreo Ltd., Merck KGaA, Mitsubishi Chemical Corporation, MKnano, nanoComposix, Taiyo International and W. R. Grace & Co., among many others.
• Challenges and Opportunities: Regulatory hurdles represent a key market challenge. Nonetheless, technological innovations, along with the several collaborations and partnerships among market players, are anticipated to overcome these challenges and offer recent market opportunities.
   

Mesoporous Silica Market Trends:

Thriving Personal Care and Cosmetic Industries

As per the study report of the IMARC Group, the global cosmetics market size reached US$ 400.6 Billion in 2023. Mesoporous silica mainly serves as a carrier for active ingredients in cosmetics and personal care products. Its porous structure allows for regulated release of various chemicals, which improves their efficacy and lifetime in formulations. This capacity is especially useful for products like sunscreens, anti-aging creams, and serums, where extended release can enhance efficacy. The rising focus on enhancing the solubility and bioavailability of these ingredients is propelling the mesoporous silica market growth.

Rising Demand for Electronic Devices

Mesoporous silica is used in a variety of electronic devices due to its unique properties, such as high surface area, tunable pore size, and superior thermal stability. It is utilized in gas sensors as it can adsorb gases in its pores, improving sensitivity and response time. The material's porous structure allows it to effectively absorb moisture, making it ideal for humidity sensors used in heating, ventilation, and air conditioning (HVAC) systems, consumer electronics, and automotive applications. The growing demand for lithium-ion batteries is offering a favorable mesoporous silica market outlook. Mesoporous silica can enhance the performance of lithium-ion batteries by improving ion transport, increasing the surface area for charge storage, and enhancing the overall energy density. Mckinsey reports that the lithium-ion battery demand is expected to grow by about 27% annually to reach around 4,700 GWh by 2030.

Increasing Need in the Agriculture Sector

The agriculture market was worth US$ 13.2 billion in 2023 across the globe, as stated by WebFX. The thriving agriculture sector owing to the high demand for food products among individuals is catalyzing the mesoporous silica market demand. It assists in enhancing plant growth, improving soil health, and supporting sustainable agricultural practices. It can be used as a soil amendment to improve nutrient retention. Its porous structure helps retain essential nutrients like nitrogen, phosphorus, and potassium, making them more available to plants and reducing nutrient leaching. It can also encapsulate fertilizers, allowing for controlled and sustained release of nutrients over time. This targeted delivery reduces the need for frequent fertilization and minimizes the risk of nutrient runoff into water bodies.

Mesoporous Silica Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product and application.

Breakup by Product:

• MCM Series
• SBA Series
• Others
   

MCM series account for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product. This includes MCM series, SBA series, and others. According to the report, MCM series represented the largest segment.

MCM series is known for its well-ordered mesoporous structure, high surface area, and tunable pore sizes. These characteristics make them ideal for various applications, particularly in catalysis, drug delivery, and adsorption processes. The MCM series offers a high surface area and uniform pore sizes, which enhance their effectiveness in applications such as adsorption and catalysis. In addition, MCM is widely used as a catalyst support for better accessibility of reactants, which is anticipated to provide a positive mesoporous silica market forecast.

Breakup by Application:

• Catalysis
• Drug Delivery
• Environmental Protection
• Others
   

Drug delivery holds the largest share of the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes catalysis, drug delivery, environmental protection, and others. According to the report, drug delivery accounts for the largest market share.

Mesoporous silica is commonly employed in drug delivery systems. Its variable pore sizes can accommodate numerous compounds like small molecules, peptides, and proteins that allow for targeted and regulated medication delivery. It promotes regulated medication release that aid in enabling long-term therapeutic effects. This characteristic minimizes dosage frequency and improves patient compliance, making these materials ideal for chronic illness management and complex therapy. In line with this, functionalization of mesoporous silica benefit in enabling targeted delivery of drugs to specific tissues or cells.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America leads the market, accounting for the largest mesoporous silica market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for mesoporous silica.

North America has a substantial consumer base that spends significantly on personal care and cosmetic products. The incorporation of mesoporous silica in formulations aimed at improving product performance and stability is impelling the market growth. Moreover, there is an increase in the emphasis on sustainable and eco-friendly products. Besides this, the burgeoning pharmaceutical sector, especially in the United States, is impelling the market growth. The United States is expected to spend US$ 605- US$ 635 billion on medicine in 2025, as claimed by the Cross River Therapy.

Competitive Landscape:

• The mesoporous silica market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the mesoporous silica industry include ACS Material LLC, AGC Chemicals Americas Inc. (AGC INC.), American Elements, Glantreo Ltd., Merck KGaA, Mitsubishi Chemical Corporation, MKnano, nanoComposix, Taiyo International and W. R. Grace & Co.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• Top players are developing advanced mesoporous silica materials with enhanced properties such as improved surface area, pore size, and functionalization capabilities. This innovation is crucial for applications in drug delivery, catalysis, and personal care products. Companies are focusing on creating tailored mesoporous silica products that meet specific client needs including functionalized silica for targeted drug delivery or specialized formulations for cosmetics. Additionally, leading companies are partnering with academic and research institutions to leverage expertise in materials science and expand their product capabilities. For instance, in August 2024, Researchers introduced a novel method to enhance the ionic conductivity and thermal stability of magnesium borohydride-based electrolytes by nanoconfining them within a mesoporous silica scaffold.

Mesoporous Silica Market News:

• 12 September 2024: The international collaboration of researchers developed the new nanostructured hybrid material, MCM-41@chitosan@dansylglycine, to visualize latent fingerprints. This material combines mesoporous silica nanoparticles with a fluorescent dye (dansylglycine) and chitosan, a polysaccharide derived from the exoskeletons of shrimps, crabs, and lobsters.

Mesoporous Silica Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the mesoporous silica market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the mesoporous silica industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.