Market Highlights:
Desiccants are materials that adsorb and retain water vapour. Desiccants
are solids that contain a network of interconnected pores that allow water
molecules to be attached to the large internal surface. In pharmaceutical
materials, desiccants are required for meeting strict quality assurance and
performance criteria. The principal desiccants used in pharmaceutical applications
include silica gel and molecular sieve among others. The rise in the ageing
population leads to increasing diseases and more requirement of medical
facilities in the population. This will increase the usage of medical
facilities and health care products. Due to this, there will be an increase in
the production of pharmaceutical desiccants. Additionally, developing nations
provide various opportunities for the desiccant market. However, stringent
regulations and temperature fluctuation are the factors may hamper the growth
of the market.
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Worldwide Key Players:
·
E. I. du Pont de Nemours and
Company
·
Multisorb Technologies
·
Sanner GmbH
·
CSP Technologies, Inc
·
Capitol Scientific, Inc
·
Desiccare, Inc
·
W. R. Grace & Co
·
Desican Inc
·
Clariant Global
·
Oker-Chemie GmbH
Market Research Analysis:
The market has been segmented based on type,
and end-user. On the basis of type, the market is segmented into silica gel,
activated, carbonclay desiccant, molecular sieves and others. Silica Gel
accounted for the largest market share of 40.00% in 2015, with a market value
of USD 47.2 million and is projected to grow at the highest CAGR of 4.90%
during the forecast period. Silica gel is non-toxic, non-flammable and safe to
use to protect foods, medicines, sensitive materials and much more. It is
extremely porous and capable of absorbing high levels of moisture. It has highest
moisture adsorption capacity of any commercial desiccant which makes it one of
the most effective ingredients for products .It is designed to prevent
corrosion during transportation and storage. Activated was the second-largest
market in 2015, valued at USD 29.5 million in 2015; it is projected to grow at
a CAGR of 4.16%. Activated Alumina is widely used for removing moisture,
purification and other treatments.
On the
basis of end uses, Tablets accounted for the largest market
share of 22% in 2015, with a market value of USD 208.2 million and is projected
to grow at a CAGR of 4.85% during the forecast period. API’s was the
second-largest market in 2015, valued at USD 203.5 million in 2015; it is
projected to grow at the highest CAGR of 4.37%.
Scope of the Report
This study provides an overview of the global pharmaceutical
desiccant market,
tracking two market segments across four geographic regions. The report studies
key players, providing a five-year annual trend analysis that highlights market
size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest
of the World (ROW). The report also provides a forecast, focusing on the market
opportunities for the next six years for each region. The scope of the study
segments the global pharmaceutical desiccant market by its type, end user, and
region.
Global Pharmaceutical Desiccant Market, By Type
·
Silica Gel
·
Activated
·
Carbonclay
Desiccant
·
Molecular
Sieves
·
Others
Global Pharmaceutical Desiccant Market, By End-use
·
Tablets
·
API’s
·
Capsules
·
Diagnostic
Kit
·
Nutraceutical
Product Packaging
Global Pharmaceutical Desiccant Market, By Region
·
North
America
·
Europe
·
APAC
·
Rest of
the world
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