Global Pharmaceutical Desiccant Market Forecast 2017-2025
KEY FINDINGS The Global Pharmaceutical desiccant market is predicted to rise with a CAGR of 4.40% over the forecast period of 2017- 2025, generating a revenue of $180133 thousand by the end of 2025. The market is chiefly being driven by factors such as growing aging population, various initiatives undertaken by the government to ensure the quality of drugs, and the expanding pharmaceutical market.
MARKET INSIGHTS The Global Pharmaceutical Desiccants market is segmented based on the types and end uses. The types are further sub-segmented into molecular sieves, activated alumina, silica gel, carbon-clay desiccant, and other types. The end-uses for the market include API's, tablets, capsules, diagnostic kit and nutraceutical product packaging.
REGIONAL INSIGHTS The global pharmaceutical desiccants market covers regions like the Asia-Pacific, Europe, North America and the rest of the world. The Asia-Pacific market is predicted to exhibit the fastest growth during the forecast period. The Chinese market has the highest utilization rate as compared to the other countries in this region. The North American market is anticipated to hold the biggest share by the end of the forecast period on account of the strong government support, increasing R&D expenditure and expanding manufacturing base.
COMPETITIVE INSIGHTS Clariant Catalysis is highly engaged in developing and manufacturing a variety of products such as oxidation and hydrogenation catalysts, petrochemical catalysts, fuel upgrading and purification catalysts, etc. Another company, DuPont, provides products and services for various industries like nutrition, agriculture, safety and protection and electronics and communications. The other noted companies in the market include CSP Technologies Inc., Capitol Scientific Inc, Desiccare Inc, Munters, Multisorb Technologies, Oker-Chemie Gmbh, Rotor Source Inc, Proflute Ab Sanner Gmbh and W. R. Grace & Co.