The Growing Use Of Mesoporous Silica In Drug Delivery Applications Is Driving The Global Market For This Material

The vast array of uses for mesoporous silica has led to a notable surge in the global market in the recent past. With characteristics including consistent pore size, large surface area, and adjustable pore structure, mesoporous silica nanoparticles are useful for environmental cleanup, drug delivery, and catalysis. They can adsorb and release medications, dyes, and other substances under controlled conditions thanks to their porous nature. Due to its non-toxicity and biodegradability, mesoporous silica presents an advantageous alternative to other carrier materials.

The Global Mesoporous Silica Market is estimated to be valued at US$ 194.8 MN in 2024 and is expected to exhibit a CAGR of 10 % over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the Global Mesoporous Silica Market Size are Merck KGaA, American Elements, nanoComposix, Inc., Taiyo International, Mitsubishi Chemical Corporation, MKnano, W.R. Grace & Co., AGC Chemicals Americas, Glantreo Ltd., ACS Material LLC. Merck KGaA and Mitsubishi Chemical Corporation hold a significant share of the market.

Growing demand for mesoporous silica from various end-use industries like pharmaceuticals, biotechnology, and others is fueling market growth. The increasing R&D in controlled and targeted drug delivery is further driving the demand.

Key market players are investing in expanding their production capacity and global footprint to leverage business opportunities in emerging economies in Asia Pacific and Latin America. New product launches, partnerships, and acquisitions remain key strategies of prominent players.

Market drivers

The increasing use of mesoporous silica for drug delivery is a major market driver. Their controlled pore structure allows for sustained release of therapeutic agents inside the body. This reduces dosage frequency and enhances patient compliance. Favorable government regulations and funding for R&D in nanomedicine and targeted therapies are further propelling the adoption of mesoporous silica carriers. The global rise in chronic diseases will continue driving demand from the pharmaceutical industry in the foreseeable future.

The current geopolitical situation is impacting the growth of the global mesoporous silica market. The ongoing Russia-Ukraine conflict and economic sanctions have disrupted supply chains and increased costs of key raw materials. The pandemic led lockdowns in China have also affected manufacturing and shipping. This has hindered the consistent supply of mesoporous silica to various end-use industries globally.

To deal with these challenges, companies in the market need to invest in developing alternative sourcing strategies and building robust supplier networks that can provide resilience against geopolitical uncertainties. They must also focus on localizing production to some extent near end-use markets. This will help reduce logistical disruptions risks. Furthermore, increasing usage of mesoporous silica in new applications like energy storage, water treatment can help open up new growth avenues and balance impacts of a volatile geopolitical environment.

In terms of value, North America currently dominates the global mesoporous silica market and holds around 30% share. This is mainly attributable to the large presence of key players and established end-use industries in the region. Going forward, the region is projected to continue leading owing to significant R&D investments and innovations in sectors like healthcare, electronics which are major contributors to the mesoporous silica demand.

Asia Pacific is the fastest growing market for mesoporous silica globally. It is estimated to expand at a CAGR of over 12% during the forecast period. Factors such as rapid industrialization, growing middle-class population and increased focus on developing advanced technologies are creating high demand for mesoporous silica from various sectors in countries like China and India. This upward momentum is expected to persist with Asia Pacific emerging as the new global hub.