Global PharmaceuticalGrade Silica Gel Market report offers the latest
industry trends, technological alteration and forecast data. A deep-dive view
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vital aspects evaluated in this report.
Industrial Insights
The market size of global
pharmaceutical grade silica gel 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 desiccants dominated
the global market. Major players are planning to improve their operating
efficiencies, which would result in increasing the demand for the product.
Packaging has been a crucial factor defining the quality of the drug, which is
confirmed by the application of desiccants canisters.
The desiccants canisters
are responsible to maintain the efficiency and provide protection for the drug.
The main purpose of these canisters is for rapid insertion in the table
bottles. The desiccant sachet contains silica gel that plays a significant role
in the protection and moisture absorption.
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.
The improving penetration
of pharmaceutical excipients and ingredients in the biotech companies and
specialty medicines has caused the cumulative progress over the recent past.
Moreover, rising disposable incomes and developing healthcare infrastructure
are also enhancing the expansion of the pharmaceutical industry in the region,
particularly in India and China.
The leading firms are
investing aggressively in order to increase their market share. The
pharmaceutical sector in China has witnessed abundant investments in the recent
years. The sales of drugs were estimated at over $115 billion in the year 2015.
These factors are anticipated to drive the growth over the forecast period.
Competitive Insights
In the recent years,
development of new products has been the key growth strategy adopted by the
major players for the purpose of increasing their business presence. The major
participants are emphasizing on R&D activities in order to develop new and
innovative products with a view to strengthen their foothold and achieve a
competitive edge.
The pharmaceutical grade
silica gel market is highly fragmented in nature. The major players are E.I.
DuPont Nemours and Company, Evonik Industries, Solvay S.A., W.R. Grace &
Company., Dow and Clariant International Ltd
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