Mesoporous Silica Market Size, Share & Trends Analysis Report By Product (M41S Series, SBA Series, Others), By Application (Catalysts, Drug Delivery, Environmental Protection, Others), By Region, And Segment Forecasts, 2023 - 2030

Mesoporous Silica Market Size & Trends

The global mesoporous silica market size was valued at USD 170.1 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.4% from 2023 to 2030. The rising product penetration in different application sectors, such as chemicals, wastewater treatment, and pharmaceuticals, drives market growth. Thermal stability, favorable chemical properties, and biocompatibility attributes of the product are anticipated to boost its demand in the pharmaceutical industry over the forecast period. Increasing effective R&D of cancer treatment using mesoporous silica is also expected to drive product demand. A wide range of existing and potential applications in drug delivery and wastewater treatment areas, along with its extensive use in the synthesis of various chemicals and the rising expenditure on biotechnology by governments and pharmaceutical firms, are anticipated to bolster product demand.

The Chinese market is expected to exhibit high growth due to the rapid development of application areas. China is a high-potential regional market for mesoporous silica owing to rapid industrialization and favorable pharmaceutical and chemical industry prospects. The country has emerged as a global production hub for these industries over the last three decades. A large number of multinational chemical and pharmaceutical companies have shifted their manufacturing operations to China owing to the easy availability of raw materials and favorable trade policies in the country.

Meanwhile, strict regulations in Europe and North America are anticipated to hinder market growth in these regions. Regulatory authorities, such as the Environmental Protection Agency (EPA) of the U.S. and the Health and Consumer Protection Directorate in the EU, are engaged in investigating the possible negative impacts of nanoparticles on the environment and thus on human health. Mesoporous silica is poised to be in the research stage and the market is characterized by a limited number of players engaged in its production & supply. However, the product is expected to witness increased applications due to rising awareness about its associated advantages and properties.

Product Insights

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. The demand for SBA series products is driven by their beneficial properties such as thermal and mechanical stability, high surface area, and ease of functionalization. SBA includes SBA 15 and SBA 16 materials exhibiting hexagonal and lamellar structures respectively. SBA mesoporous silica materials have a highly ordered pore structure with a wide range of pore sizes and a high surface area. This makes them suitable for various applications in several industries, including pharmaceuticals, cosmetics, catalysis, and nanotechnology.

MCM series materials, including MCM-41 and MCM-48, is a class of mesoporous silica materials that have garnered significant application in various industries. They feature well-defined pore structures, with pore sizes ranging from 2 to 10 nanometers, and exhibit diverse mesostructures, such as cubic, hexagonal, and lamellar arrangements. These characteristics make them particularly versatile and sought-after in scientific and industrial applications.

Ordered mesoporous silica is extensively used in different applications such as adsorption, drug delivery, separations, and catalysis. It has gained such high demand on account of a combination of distinctive attributes, including a high surface area, well-structured pore arrangements, and favorable thermal, chemical, and mechanical properties.

Regional Insights

North America dominated the market and accounted for a revenue share of 36.2% in 2022, owing to the rapid growth of the pharmaceutical industry and increasing expenditure on wastewater treatment in the region. Rapid industrialization, growing environmental concerns, and stringent regulations set by regional governments to maintain environmental quality are anticipated to promote the implementation of wastewater treatment processes, thereby propelling the use of mesoporous silica over the forecast period.

An increasing investment in the research & development process of mesoporous silica to explore potential products and their applications in various end-use industries, along with the increased utilization of nanotechnology in biomedical and other applications, are projected to further boost market growth in the region during the projection period.

Asia Pacific is expected to expand at the fastest CAGR of 11.5% during the forecast period. Rapid industrialization and development in sectors such as automotive and electronics have been contributing to an increase in demand for mesoporous silica. As mesoporous silica offers opportunities for innovation and applications in diverse fields, it has attracted interest from researchers and industries in the region. Environment regulations that increasingly focus on sustainability, green technologies, and energy-efficient solutions have gained pace in Asia Pacific, further boosting product adoption.

Application Insights

The drug delivery segment held the largest revenue share of 42.9% in 2022 in the global market, owing to the burgeoning demand for mesoporous silica materials in the pharmaceutical industry. Moreover, the rapid advancements being witnessed in mesoporous materials are further expected to broaden its application scope in this area, thereby driving product demand.

On the other hand, the other applications segment is expected to advance at the fastest CAGR of 12.9% over the forecast period. The larger surface area and porosity of this silica make it suitable for absorbing and storing gases. The unique properties of mesoporous silica and the ability to tailor its structure for specific applications make it a versatile and valuable material in various industries and research areas.

Key Companies & Market Share Insights

The market is highly competitive, with a large number of manufacturers accounting for a majority of the market share. Product launches, approvals, strategic acquisitions, and innovations are some of the noticeable business strategies used by market participants to maintain and expand their global reach.

Recent Developments

• In April 2023, a research article was released on Wiley Online Library, presenting an innovative approach for pulp capping treatments utilizing a Wnt3a-loaded hydroxyapatite nanowire@mesoporous silica core-shell nanocomposite. The distinctive structure of the composite incorporates ultra-long and highly flexible hydroxyapatite nanowires, which establish a robust framework, while the mesoporous silica shell enhances its capacity to effectively load and release Wnt3a and Si ions. This noteworthy advancement is expected to enhance the market offerings for mesoporous silica, consequently benefiting dental pulp capping procedures

• In February 2023, Mitsubishi Chemical Group strategically decided to absorb its subsidiary, Mitsubishi Chemical Systems, Inc., which operates as an IT company actively involved in a diverse array of services. These services encompass communication infrastructure, mission-critical systems, business applications, and solutions, covering everything from consultation and system development to ongoing operations

Mesoporous Silica Market Report Scope

Global Mesoporous Silica Market Report Segmentation

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global mesoporous silica market report on the basis of product, application, and region:

• Product Outlook (Volume, Kilogram; Revenue, USD Million, 2018 - 2030)

  • M41S Series

  • SBA Series

  • Others

• Application Outlook (Volume, Kilogram; Revenue, USD Million, 2018 - 2030)

  • Catalysts

  • Drug Delivery

  • Environmental Protection

  • Others

• 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