Desiccants for Pharmaceuticals Industry: Promising Growth Opportunities With Global Key Companies- E. I. du Pont de Nemours, Multisorb Tech, Sanner, Capitol Scientific, W. R. Grace, Desican, Clariant

“\”Pharmaceutical Desiccant Market\””
Global Pharmaceutical Desiccant Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis- Global Forecast 2027

Pharmaceutical Desiccant Market Research Report 2019 published By Market Research Future, provides information on Global Pharmaceutical Desiccant Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Type (Silica Gel, Activated, Carbonclay Desiccant, Molecular Sieves and Others), By End-Use (Tablets, API’s, Capsules, Diagnostic Kit and Nutraceutical Product Packaging), and By Region – Forecast To 2027

E. I. du Pont de Nemours and Company (U.S.), Multisorb Technologies (U.S.), Sanner GmbH (Germany), CSP Technologies, Inc (U.S.), Capitol Scientific, Inc (U.S.), Desiccare, Inc (U.S.), W. R. Grace & Co (U.S.), Desican Inc (U.S.), Clariant Global (Switzerland), and Oker-Chemie GmbH (Germany) are some of the prominent players at the forefront of competition in the global pharmaceutical desiccant market and are profiled in MRFR Analysis.

Global pharmaceutical desiccant market is expected to reach a market size of USD 191.3 million by the end of the forecast period at CAGR of 4.43%.

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Global Pharmaceutical Desiccant Market   – Overview

The pharmaceutical desiccant market is very dynamic in nature and is expected to witness high growth over the forecast period. The growth of the pharmaceutical desiccant market is influenced by growing pharmaceutical industry, increase in ageing population, and government initiative for pharmaceutical industry whereas it is hindered by the stringent regulations and temperature fluctuation.  

The continuous growth in the pharmaceutical industry is fuelling the overall growth of the pharmaceutical desiccant market. The rapid growth of the pharmaceutical market is mainly driven by the rising income and economic gains. The rise in the income, especially for the lower income level, along with the government commitments for providing basic health facilities, will make medicines available and affordable for the population. This will lead to the growth of pharmaceutical industry and indirectly will lead to more usage of pharmaceutical desiccant.

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. People are becoming aware about the diseases occurring due to growing age and are using the products which are healthy for them.

Government of India has taken various initiatives to ensure the approval, safety and marketing of quality drugs. The Central Drug Standards and Control Organization (CDSCO) provides the standards and measures for safety of the drugs, and ensures quality of the drug. It also regulates the market authorization of new drugs and approves the license for the manufacture of the drug. Due to the above regulatory bodies, there is an increase in the reliability of pharmaceutical products, which has resulted in the increased use of pharmaceutical desiccants. 

Global Pharmaceutical Desiccant Market   – Competitive Analysis

The major market players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global pharmaceutical desiccant market were new product development. 

During the period 2014-2016, amongst all the key developments, E. I. du Pont de Nemours and Company (U.S.) had the largest share of the merger and acquisition strategy. For instance, E. I. du Pont de Nemours and Company (U.S.) acquired Taxon Biosciences, Inc. (California), a leading microbiome discovery company. This acquisition will build on DuPont’s in-house capabilities and unparalleled market access in both seed and crop protection to discover and commercialize biological solutions for agriculture customers globally. The unique technology platform of Taxon Biosciences, Inc. coupled with DuPont’s robust research capabilities and positioning across several markets makes, the integration of Taxon into DuPont, a natural fit and will support DuPont’s ability to bring new products to the market, faster.

Clariant Global adopted joint ventures as its key strategy. The company has undergone joint ventures with ASK Group, Scientific Design Company Inc., Süd-Chemie India Pvt Ltd and others. For instance, the company underwent a joint venture with Scientific Design Company Inc., U.S., a producer of ethylene and oxide catalysts, which is co-owned by the Saudi Arabia-based, Sabic Group and has around 140 employees.

CSP Technologies, Inc. adopted new product development as its key strategy. For instance, the company introduced Pharmapuck™ Scavenging Devices, an Integrated Solution for Oral Solid Dose Products. It can be integrated directly into primary containers to protect oral solid dose (OSD) products from moisture and oxygen absorption.

Market Segments and Geographic Overview

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%. 

On the basis of region, North America region dominates the pharmaceutical desiccant market. It accounted for the largest market share of 30% in 2015, with a market value of USD 35.4 million and is projected to grow at the CAGR of 4.37% during the forecast period. High adoption of desiccants for pharmaceutical and chemical sectors helped the North America desiccant market stay ahead of other regional markets. Europe was the second-largest market in 2015, valued at USD 31.9 million in 2015. Latest developments in healthcare sector and the strategies behind them to new marketing and commercialization models and the regulations drives the Europe pharmaceutical desiccant market. However, Asia-Pacific is projected to grow at the highest CAGR of 4.67%. Growing manufacturing activities and ageing population driving the growth of the market.

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Scope of Report

The report for Global Pharmaceutical Desiccant Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions. 

Table of Contents

1 Introduction
1.1 Definition 
1.2 Scope of the Study 
1.3 Assumptions 
1.4 Market Structure

2 Research Methodology
2.1 Research Process 
2.2 Primary Research 
2.3 Secondary Research 
2.4 Market Size Estimation 
2.1 Forecast Model

3 Market Dynamics 
3.1 Drivers 
3.1.1 Growing Pharmaceutical Industry 
3.1.2 Increase in Ageing Population 
3.1.3 Government Initiative for Pharmaceutical Industry 
3.2 Restraints 
3.2.1 Stringent Regulations 
3.2.2 Temperature Fluctuation 
3.3 Opportunities 
3.3.1 Scope in the Developing Nation 
3.3.2 Establish Partnership 
3.4 Challenges 
3.4.1 Market Access Barriers 
3.4.2 Rising Customer Expectations

4 Market Factor Analysis
4.1 Supply Chain Analysis 
4.2 Porter’s Five Forces Analysis 
4.2.1 Threat of New Entrants 
4.2.2 Bargaining Power of Suppliers 
4.2.3 Bargaining Power of Buyers 
4.2.4 Threat of Substitutes 
4.2.5 Rivalry


List of Tables

Table 1 Global Pharmaceutical Desiccant Market, by Type, 2014-2027 (Usd Million) 
Table 2 Global Pharmaceutical Desiccant Market, by End Use, 2014-2027 (Usd Million) 
Table 3 Global Pharmaceutical Desiccant Market, by Region, 2014-2027 (Usd Million) 
Table 4 North America: Pharmaceutical Desiccant Market, by Country, 2014-2027 (Usd Million) 
Table 5 North America: Pharmaceutical Desiccantmarket Size, by Type, 2014-2027 (Usd Million) 
Table 6 North America: Pharmaceutical Desiccantmarket Size, by End Use, 2014-2027 (Usd Million) 
Table 7 U.s.: Pharmaceutical Desiccant Market, by Type, 2014-2027 (Usd Million) 
Table 8 U.s.: Pharmaceutical Desiccant Market, by End Use, 2014-2027 (Usd Million)


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