Million Insights
Market Research Released A New Research Report On Global Pharmaceutical Grade
Silica Gel Market - Forecast Up To 2025. Report Provide Overview Of Top Key
Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic
Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And
Drawing A Competitive Landscape For The Market.
Pune, India: Oct. 28,
2019 - Pharmaceutical Grade Silica Gel Market
was valued at USD 40.8 million in the year 2015 and is anticipated to
experience a substantial growth over the analysis period. The market will be
driven by the increasing demand from major application industries such as drug
carrier, desiccants, and adsorbent.
The desiccants are used to preserve and adsorb the water
vapors in the formulation of a drug. The existence of excess moisture may harm
the efficiency of the drug. Major pharmaceutical firms are adopting the
on-going industry trends and are attaining economies of scale through
utilization of cost reduction methods. The global market for desiccants is
expected to be driven by the growth of biotech companies.
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The superior absorption ability at relatively high humidity
has been a key factor for its usage in desiccants sachets. The constantly
climbing sodium silicate prices owing to the rising energy and transportation
costs are anticipated to adversely affect the specialty silica market, which
will eventually impact the pharmaceutical grade silica gel market.
Application Insights
The industry is segmented into adsorbent, the drug carrier,
glidant, desiccant and other excipients. The application segment of drug
carrier is additionally divided into liquid drugs and scarcely soluble drugs.
The silica gel protects antibiotic formulations from moisture and improves the
storage stability and shelf life. The growth of the pharmaceutical sector is
expected to remain a significant contributing factor over the forecast period.
The product is widely used in the application segment of
desiccants on account of its ability to exhibit a comparatively lower vapor
pressure than the ambient pressure. The desiccant substance is a hygroscopic
element that withstands the state of dryness in the formulation of the drug.
The performance varies with relative & absolute humidity and temperature,
and its usage is defined after examining the condition in which it is being
used.
Regional Insights
In terms of the global volume share, Asia Pacific held
45.10%, followed by North America. Asia Pacific is also expected to witness the
fastest growth on account of its increasing demand from the pharma industry for
the purpose of protective packaging in the form of packets/bags, canisters and
desiccants. In addition, abundant availability of sulfuric acid in the region
is anticipated to boost the product demand in the near future.
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Report visit @ https://www.millioninsights.com/industry-reports/pharmaceutical-grade-silica-gel-market
Market Segment:
Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2025)
• Desiccant
• Scarcely soluble drugs
• Liquid drugs
• Drug carrier
• Adsorbent
• Glidant
• Other excipients
Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2025)
• North America
• U.S.
• Europe
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Middle East & Africa
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