Pharmaceutical Grade Silica Gel Market Overview & Growing Demand Till 2025 “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 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. 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
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