Published: 05-Feb-2020 | Published By: Market Research Store
The published report on “Global Pharmaceutical Desiccant Market – By Type (Silica Gel, Activated Alumina, Carbonclay Desiccant, Molecular Sieves, and Others), By End-use (Tablets, APIs, Capsules, Diagnostic Kit, and Nutraceutical Product Packaging), By End-Users (Hospital Pharmacies, Retail Pharmacies, Pharmaceutical Factory, and Others), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025.” exhibits the escalating demand for global Pharmaceutical Desiccant market in 2018 was approximately USD 140 Million. It is anticipated to reach around USD 190 Million by 2025 with a CAGR of around 5%.
Browse Full Report 132 Market Data Tables and 46 Figures spread through 132 Pages and in-depth TOC on "Pharmaceutical Desiccant Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-pharmaceutical-desiccant-industry-market-report-2019-industry-692034
In the pharmaceutical industry, pharmaceutical desiccants are become imperative owing to their superior properties such as maintaining the quality of pharmaceutical products and also preventing them from spoiling. The desiccants generally help prevent humidity from entering the packaging and in turn, enhance product safety.
The growing macro and micro-economic factors in the pharmaceutical industry are likely to propel the growth of the global Pharmaceutical Desiccant market.Likewise, the increasing demand for pharmaceutical products because of the risingincidence of chronic diseases coupled withmounting geriatric population will further createmore demand for pharmaceutical desiccants.
Furthermore, the growing demand to mandatorily comply with the global standards in case of the pharmaceutical packaging is anticipated to further benefit the global Pharmaceutical Desiccant market. Apart from this, the increasing cases of chronic ailments and demand for pharmaceutical products in the emerging economies are likely to bolster the overall market growth.However, the rising customer expectations, stringent regulatory norms, temperature fluctuations, and barriers to entry to the market might probably hinder the growth of the global Pharmaceutical Desiccant market.
The silica gel type is anticipated to grow at a major rate in the global Pharmaceutical Desiccant market over the forecast period. The growth is basically credited to the growing demand for it in foods, sensitive materials, and medicines owing to its high moisture absorption capacity. In addition to this, the activated alumina is the second-largest market shareholder in this segment.
By End-User, Tablets segment accounts for the largest market growth rate in the End-Users. The rising use of tablets due to its varied shape, size, and design is anticipated to further expand the global Pharmaceutical Desiccant market over the forecast period.
Asia Pacific Pharmaceutical Desiccants market is anticipated to capture the highest growth rate over the forecast period. The growing pharmaceutical manufacturing activities in China support the growth of the market in the region. The growing Chinese pharmaceutical desiccant plants coupled with the increasing use of Chinese high value-added pharmaceutical desiccant in plastics, paints, catalysts, and other anti-adhesives compared to other developed countries are likely to help propel the global Pharmaceutical Desiccants market growth. Apart from this, North America holds the largest market share of the global Pharmaceutical Desiccants Market followed by Europe, which holds the second-largest market share.
Some of the key players in the global Pharmaceutical Desiccant market include E. I. du Pont de Nemours and Company, Clariant Global, Multisorb Technologies, Capitol Scientific, Inc., W. R. Grace & Co, Sanner GmbH, CSP Technologies, Inc., Desiccare, Inc., Desican, Inc., and Oker-Chemie GmbH.
The global Pharmaceutical Desiccant market is segmented into:
Global Pharmaceutical Desiccant Market: By Type
- Molecular Sieves
- Silica Gel
- Carbonclay Desiccant
- Activated Alumina
Global Pharmaceutical Desiccant Market: By End -Use
- Nutraceutical Product Packaging
- Diagnostic Kit
Global Pharmaceutical Desiccant Market: By End Users
- Hospital Pharmacies
- Retail Pharmacies
- Pharmaceutical Factory
Global Pharmaceutical Desiccant Market: By Regions
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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